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What Is A Payday Advance Loan

USD moneyDo you know what a payday advance loan actually is? Most people think they know but they really don’t. The truth is that payday advance loans are not simple loans, yes they are simple to get but that is not the point. A simple loan is one that you borrow money and pay it back on a monthly scale on your own.

What a payday advance loan makes you do is write a blank check to the payday advance business so they can cash it on the set date. Usually this date is the day after you get your paycheck from your employer. The reason why most people don’t understand how this works is because a lot of people this blank check is only for security when in reality that is how they get their money. The nice thing about this is that you don’t have to drive down to the payday advance building to pay the money back, it is done for you automatically. Now, not all payday advance companies do this so you will want to check to see what your company does so that you follow directions to the letter.
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Fitch increased the credit rating of Ireland to A-

Fitch rating IrelandFitch increased the credit rating of Ireland to A- from previous BBB+. The Agency bases its decision on the fact that the Eurozone country consolidated budget last year, and it is out of the program for financial support at the end of last year. The Irish Government continues to meet its own requirements and regulations of the EU. The outlook remains stable. The economic indicators suggest that economic activity is gaining momentum, and the factors that kept the export growth in 2012-2013, has been overcome, it is said in the opinion. The recovery of the property sector in Ireland and better credit positions are also among the factors that the rating agency explains more optimistic assessment.
In the beginning of June and the rating agency Standard&Poor’s upgraded the rating of Ireland to A- from the previous rating BBB+. The third leading ratings agency Moody’s now estimated the country’s rating to Baa1.
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Credit Suisse is engaged in assistance to Banco Espirito Santo

Credit SuisseThe Swiss bank Credit Suisse is engaged in assistance to Banco Espirito Santo SA by raising billions of USD in securities issues offshore investment companies, which were then sold to customers of the Portuguese bank. The customers were not aware that investment companies were burdened by debt issued by various companies around Espirito Santo and served as a funding mechanism for the Portuguese conglomerate. The direct role of Credit Suisse to offer securities to clients of Banco Espirito Santo is not clear. The investigation Portuguese regulatory authorities found at least four offshore investment companies whose securities were sold to customers of Espirito Santo using Credit Suisse. The corporate documents submitted to the Financial Supervision Commission Jersey show that Credit Suisse was “firm and dealer” of the three offshore companies. The role of the Swiss lender is not only responsible for the securities, but also to cover the administrative and financial needs of businesses.
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Bacteria strikes the ancient olive grove in Italy

olives italyBacteria strikes the ancient olive grove in Italy and threatens the oil industry in the country. The limited production may be a prerequisite for raising the price of oil worldwide. The bacterium Xylella fastidiosa has affected 800 thousand. Trees in Salento, located in the southern region of Puglia. So far, the fight against the disease is costing manufacturers 250 million EUR and expected costs to rise.
The region produces 11 million tons of olives per year or about one third of national output. The olive oil produced in the area is identified as one of the best in the country.
The bacterium appears for the first time in Europe, but has spread to North and South America. It causes drying of wood and high summer temperatures currently contribute to the spread of the disease.
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Russia may implement new sanctions against EU and USA

Russia sanctionsThe Russian authorities have prepared an additional list of retaliatory sanctions against the West. They will be introduced only if the EU-US impose new sanctions against Russia. Among the measures that Moscow is ready to take the introduction of restrictions on imports of industrial goods in Russia, the newspaper added. Two days after the United States and the EU have introduced sectoral economic sanctions against Russia, the government of Dmitry Medvedev has sent to President Vladimir Putin a report which sets out an extensive list of possible responses. The two senior officials added that so far the government has not received the orders from the president to prepare documents for the introduction of new Russian retaliatory sanctions. According to them, one of these measures could be total or near-total ban on imports of vehicles from enemy countries. One of the officers stated that the demand for cars in the country can be covered at the expense of domestic production, especially of companies assembling cars from foreign brands in Russia.
Another possible measure is the restriction of imports of medical devices. Two government officials acknowledged, however, that this issue is very delicate and requires further discussion.
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Greece received additional 1 billion EUR from the bailout

GreeceThe working group composed of officials of the Ministries of Finance of the Eurozone and representatives of the European Commission (EC) and the European Central Bank (ECB) today approved a disbursement of the next tranche of 1 billion EUR from bailout for Greece, announced in April. The total allocation for the country reached almost 142 billion EUR for this year are down a further 1.8 billion EUR in rescue loans, transmitted Monday.
Despite reforms in recent years, Greece still has the biggest debt burden of the Eurozone countries – about 174% of gross domestic product (GDP). This debt is considered unsustainable in the long term and is expected to get more help from its creditors, said in April. An important requirement for any further aid to Greece registered a primary surplus. Data released today by the Greek Finance Ministry showed that the country has registered a primary surplus of 2.3 billion EUR, or 1.5% of GDP in January-July. The finance ministry in Athens announced that the budget deficit fell to 0.95% of annual GDP in deficit target of 1.8%.
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Gold demand shrank by 16% in Q2 2014

Gold DemandThe gold demand shrank by 16% in the April-June period compared to an year earlier. Although it remained significantly below the achievement in 2013, the level was still in line with the 10-year average. In accordance with the expectations of the GCC, the demand for the yellow metal reached 963.8 tons in April-June. An year earlier had achieved a level of 1 148.3 tons. The sharp drop did not surprise experts amid significant contrast in terms of the global gold market between the two time periods. The jewelry demand was almost one-third lower, while investment in bullion and coins have declined nearly double the levels of the second quarter of 2013.
The central banks continued to buy gold at a steady pace. The net purchases of the leading banking institutions have increased by 28% compared to the same period last year to 118 tons. The extraction of the precious metal has also expanded – by 4% compared to the same period a year earlier. The trend has helped and the general growth of supply, which rose by 10 percent after the expansion of 13% during the last year.
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Merck quarter profit dropped with 4%

MerckThe German medicine maker Merck KGaA, announced on Wednesday that second-quarter net profit fell by 4%, dragged down by one-off effects related to acquisitions, lower royalties and licenses, as well as the strong EUR. However, the company confirmed its outlook for the full year. The net profit for the quarter fell to 303.3 million EUR from 316 million EUR an year ago. Royalties, licenses and commissions declined by 30% yoy. The sales increased by 1.9% to 2.8 billion EUR from 2.74 billion EUR as the acquisition of AZ Electronic Materials offset negative currency effects.
The earnings before interest, taxes, depreciation and amortization, and before one-time effects increased by 2.3% to 845.7 million EUR from 826.4 million EUR an year ago, helped by growth in emerging markets and benefits from acquisitions. The analysts had expected Merck to present mixed quarterly results, negative currency effects can be offset by the benefits of acquisitions.
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Brent oil price fell to 13-month low

Brent oilThe futures of the Brent oil price fell to 13-month low on Wednesday, despite the ongoing violence in Ukraine and the Middle East. The price of Brent for October delivery slid 0.38% to 103.50 USD per barrel, reaching the lowest level since 25th June 2013. Meanwhile, the price of WTI light sweet crude for delivery in October also fell with 0.10% to 97.28 USD per barrel.
With the monthly report presented on Tuesday the International Energy Agency (IEA) cut its forecast for global crude demand for 2014 and 2015 indicate the organization that markets remain well supplied despite the armed conflict in Libya, Iraq and Ukraine. The investors expect the presentation of data on weekly deliveries in USA. The figures will provide a broader view on the strength of oil demand from the largest consumer in the world. The experts expect the government report to show that crude oil stocks in the United States fell by 2 million barrels last week, gasoline stocks fell by 1.1 million barrels.
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Russia apply 3% sales tax

Russian SalesRussia apply 3% sales tax, according to a document created by the Finance Ministry. The decision in principle to the introduction of a regional tax of 3% was adopted as early as July 30th during a meeting with the president. However, the idea was not supported either by the Ministry of Finance nor that of economic development. On August 9, the Secretary Dmitry Peskov said he was a decision by Russian President Vladimir Putin for the introduction of the levy. The authorities are trying to return again on stage scheme that operated until 2003 main burden on the payment of the new tax will fall on taxpayers and individual entrepreneurs. However, the new tax will not apply to a number of food products, children’s clothing and footwear, pharmaceuticals, utilities and rentals of homes and premises. Neither planned tax on sale of real estate, land and securities. The levy will be applied in health services, health organizations, recreation, educational services provided by non-profit organizations, services in the field of arts and culture, community transport, rail transport and general transport services within the Russian Federation.
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