UN climate finance talks deliver options – but no new money

KKR enters maritime finance

Robins hopes there will be more high level political inquiry at a meeting in Incheon, South Korea in September which will wrap up this series of long term finance talks. One of the things developing countries would like to see is more clarity and commitment there, he said. From a confidence point of view it would be useful to see what public finance commitments other countries can make in Warsaw and beyond. Countries have steered clear of any guarantees during negotiations this year, leading some observers to brand finance the elephant in the room that needs to be addressed. In response to a lack of assurances, some developing countries are pushing hard for a loss and damage or climate compensation mechanism. With flooding linked to rising sea levels, projected to cost over a trillion a year by 2050, this could prompt richer nations to take action.

Maharashtra finance department launches austerity drive

KKR said the new entity, Maritime Finance Co, would aim to bridge a financing gap caused by the turmoil in the European banking industry. Maritime Finance will be funded with $580 million in equity capital, of which 45 percent has come from KKR and its various entities. The new entity will be headed by Helios Advisors partners Kristan Bodden and Gabriel Tolchinsky. KKR also said it was buying a stake in RigNet Inc from investment firm Cubera, making it the company’s largest shareholder. RigNet provides communication services to oil and gas companies.

Finance is the Biggest Sector Once Again

So why were earnings in the Finance sector so hot? These two charts will tell you pretty much everything you need to know: (Improving credit quality is a good thing, but as a bank, I’d rather have strong loan growth and net interest margin expansion boosting my bottom line than simply taking a lower provision for loan losses… but I digress.) Mr. Mian also points out in his article that the Finance sector has reclaimed its leadership role in the S&P 500, as it now contributes a higher percentage of earnings than any other sector for the first time since the financial crisis.

The finance department issued the decree on August 2, which cited liquidity crunch , instability in the markets and inadequate resource generation as the reasons for the move. “It is doubtful if the state can raise loans in current circumstances. Resources are under strain. And yet the finance department periodically receives proposals for fresh recruitments, projects and liabilities from other departments,” the letter said. “Therefore, deputy chief minister Ajit Pawar (who also holds the finance portfolio) has instructed that only proposals of paramount importance should be sent for consideration.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s