Moscovici said on Sunday that there has been “no change” in the country’s 2013 growth forecast, after it appeared the figure had been revised downward. “There was no change in the growth forecast as I have read it,” the minister told journalists in Paris. “I have not made any revision on the forecast of growth in France,” he said. Moscovici was responding to reports of an interview published Saturday with Nice Matin newspaper in which he estimated that growth of France’s gross domestic product (GDP) this year would end up somewhere between -0.1 percent and 0.1 percent.
NY finance official on the warpath against Native American payday lenders
As a percentage of FSCs recent stock price of $10.77, this dividend works out to approximately 0.89%, so look for shares of Fifth Street Finance Corporation to trade 0.89% lower all else being equal when FSC shares open for trading on 8/13/13. Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen or click here to find out which 9 other stocks going ex-dividend you should know about, at DividendChannel.com Below is a dividend history chart for FSC, showing historical dividends prior to the most recent $0.0958 declared by Fifth Street Finance Corporation: In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from FSC is likely to continue, and whether the current estimated yield of 10.67% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of FSC shares, versus its 200 day moving average: Looking at the chart above, FSCs low point in its 52 week range is $9.66 per share, with $11.13 as the 52 week high point that compares with a last trade of $10.79.
Finance Minister Alexander Chikwanda admits to budget deficit
Lawsky is superintendent of New Yorks newly-created Department of Financial Services, a powerful regulatory body whose supervisory reach extends far beyond the state. He is also the former chief of staff to New York Democratic Governor Andrew Cuomo, and is rumored to aspire to higher office himself. Since assuming the position as the states chief financial policeman in May 2011, admirers and critics alike have pointed out Lawskys penchant for aggressively collecting scalps from high-profile financial corporations, an ironic turn of phrase given his recent focus on Native American bankers. Representatives of the Native American Financial Services Association expressed outrage over Lawskys letter, which they believe violates the sovereignty of 16 Indian tribes based in the Midwest and western United States.
Without specifying the actual value of the deficit, Mr. Chikwanda told a media briefing Sunday morning that the deficit was as a result of unbudgeted expenditure. Several stakeholders have been arguing that Zambia was in a budget deficit situation with some claiming that the budget role runs in the region of K5 billion. Yes there is a budget deficit but deficits are normal. It happens everywhere and there is nothing strange about it but what it is important is the measures that the treasury will devise to cut the deficit, Mr Chikwanda said.