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Bollore: Financial information for the third quarter 2020

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BOLLOREPRESS RELEASEFinancial information for the third quarter 202020 October 2020Group activities show strong resilience in third quarter 2020despite 3% decline in revenueRevenue in the third quarter 2020: €5,915 millionRevenue at the end of September 2020: €17,527 millionRevenue for the third quarter 2020 At constant scope and exchange rates, the Group’s revenue for the third quarter 2020 was down 3% to €5,915 million. This change mainly includes:a 2% increase in the transportation and logistics business driven by freight forwarding, mainly due to exceptional air freight operations, despite the contraction in logistics activities in Africa and the impact of the end of the Douala terminal (DIT) concession in Cameroon;the decline in oil logistics (-38%) primarily attributable to the fall in oil product prices and volumes;the growth in the communications business (+1%), attributable to Vivendi which benefited from growth at UMG (+6%), the Canal+ group (+1%) and Editis (+10%);Revenue as reported was down 4% compared to the third quarter of 2019, due to a €132 million negative foreign exchange impact related to the strengthening of the euro (particularly versus the US dollar in the third quarter), which absorbed the positive changes in scope related primarily to the consolidation of M7 at the Canal+ group.Revenue at the end of September 2020 At constant scope and exchange rates, …

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NFP Ventures teams up with MoneyLion on financial wellness benefit

nfp ventures teams up with moneylion on financial wellness benefit

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NFP Ventures, the early stage investment branch of insurance broker NFP, has partnered with digital finance platform MoneyLion to provide its employer clients with a financial wellness benefit.NFP Ventures will provide employers with a suite of financial tools, including MoneyLion’s Instacash program and mobile banking platform, RoarMoney. NFP is the first organization to offer MoneyLion as an employee benefit to employer clients.“We continue to focus on innovative solutions that align with the needs of our clients, including the challenges of financial wellness that have intensified during these uncertain times,” Shawn Ellis, managing director of NFP Ventures, said in a statement announcing the partnership.Americans have become more anxious about their financial stability since the outbreak of the coronavirus pandemic, with more than half of employees saying finances or money challenges are their main source of stress, according to PwC’s 2020 Employee Financial Wellness survey. Just 41% of people would be able to cover a $1,000 emergency expense, according to a BankRate poll.MoneyLion’s Instacash program allows employees to receive a cash advance of up to $250 with 0% APR. This can help employees cover an unexpected expense or even finance a fun opportunity with no interest.“Employees who may be …

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ParagonEX Dynamic Announces Groundbreaking Arabic Trading Tools at Virtual Expo | Finance Magnates

paragonex dynamic announces groundbreaking arabic trading tools at virtual expo | finance magnates

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ParagonEX Dynamic offers cutting-edge solutions for Fintech businesses, helping owners leverage the power of the latest advancements in financial technology.The company has established trust in the Fintech sector as a reliable software provider that guarantees a positive experience.Join your industry leaders at the Finance Magnates Virtual Summit 2020: Register and vote for the FMLS awardsEach solution offered by ParagonEX Dynamic is carefully developed, ensuring businesses get feature-rich, state-of-the-art tools that drive business growth.Soon, the company will showcase its groundbreaking new Arabic trading tools at the Finance Magnates Virtual Summit 2020.A Strong Focus on the Arabic MarketThere are 420 million Arabic speakers worldwide and Arabic traders are increasingly focused on new technologies.Fintech, in particular, has become the focus for significant attention in the UAE and MENA more broadly, with more than $100 million of capital raised to date for finance-related tech startups. The Arabic market is one familiar to ParagonEX Dynamic who strive to provide tailored trading products for customers in this region. The latest addition is an update to the ForexPro platform.ParagonEX Dynamic customers are now able to easily experience the Arabic market without additional financial investments.The company translated the trade room and all required widgets for …

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British and U.S. financial regulators renew co-operation deal

british and u.s. financial regulators renew co-operation deal

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TipRanksThe Bottom Is in for These 3 Stocks? Analysts Say ‘Buy’Markets thrive on risk, but risk is hard to talk about. It’s easy to fall back on cliches – buy low and sell high, or the bulls and bears make money while the pigs get slaughtered – but those cliches have drifted into common parlance for a reason. They have a grain of truth.Buying low and selling high has always been known as the way to make a profit, from the earliest days of human barter. And whether the market is moving up or down, whether investors follow a bullish or a bearish strategy, it’s possible to turn that profit.So, let’s talk about buying low. While the overall market has recovered nicely from the pandemic swoon of mid-winter, many stocks are still struggling with a depressed share value. Some of them are fundamentally sound – and Wall Street’s analysts have taking note.Using TipRanks database, we pinpointed three such stocks. Each is down at least 60% so far this year, but each also has a Strong Buy consensus rating and at least 40% upside potential for the coming months.Diamondback Energy (FANG)First up is Diamondback Energy, a Texas …

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Ant Group gets Hong Kong stock exchange approval, clearing last major hurdle for its massive IPO

ant group gets hong kong stock exchange approval, clearing last major hurdle for its massive ipo

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The Ant Group Co. logo and the Alibaba Group Holding Ltd. logo are displayed behind a reception desk at the company’s headquarters in Hangzhou, China, on Monday, Sept. 28, 2020.Qilai Shen | Bloomberg | Getty ImagesGUANGZHOU, China — Ant Group has received approval from the Hong Kong stock exchange for its highly-anticipated initial public offering (IPO), clearing the last major regulatory hurdle before its listing, CNBC has confirmed.The Chinese technology giant passed a hearing with the exchange on Monday, a person familiar with the matter said. Reuters first reported the news.Now Ant Group needs to file a registration with the Chinese regulators before proceeding with a roadshow and the eventual pricing of the IPO, the person, who preferred to remain anonymous as they are not authorized to speak publicly, added.Ant Group declined to comment when contacted by CNBC. The Hong Kong stock exchange was not immediately available for comment.

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Victor Perez served in the Navy before entering the world of finance. Here’s how the credit-derivatives trader is helping other veterans find their footing on Wall Street.

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Victor Perez, 34, is a vice president in credit derivative trading at Wells Fargo. He first dropped anchor in the Navy, but now he’s helping veterans plant their flag on Wall Street.
Perez is a cofounder of the Charlotte chapter of the Veterans on Wall Street initiative, and provides support and mentorship to veterans throughout his bank.
In 2020, Business Insider named Perez to our annual list of Rising Stars of Wall Street.
Experts say veterans have the right qualities to succeed in high-stress, demanding finance industry jobs.

Are you a young person working on Wall Street? Contact this reporter via email at rhodkin@businessinsider.com, encrypted messaging app Signal (561-247-5758), or direct message on Twitter @reedalexander.

Visit Business Insider’s homepage for more stories.

Victor Perez has held a few job titles over the course of his career.The 34-year-old son of Cuban immigrants and first in his family to be born in the US is a father (of two), husband, and vice president in credit derivative trading at Wells Fargo.He’s also a former Naval lieutenant and graduate of the University of Chicago Booth School of Business who worked for a time as a professor at the University of Notre …

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DreamStart Labs Named to Inclusive Fintech 50

dreamstart labs named to inclusive fintech 50

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SAN DIEGO, Oct. 20, 2020 /PRNewswire/ — DreamStart Labs, an award-winning provider of digital banking technology for emerging markets, is pleased to announce its selection to the Inclusive Fintech 50. The Inclusive Fintech 50, announced today, recognizes 50 top technology startups driving financial inclusion for billions of underserved people around the world.

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Women in Rwanda use mobile technology from DreamStart Labs to run an informal community bank. These digital savings groups help previously unbanked people to save money, build credit history, access loans, and achieve financial goals.

Founded by former Silicon Valley executives, DreamStart Labs offers innovative financial solutions for people in developing countries, 80 percent of whom are women. The company’s flagship DreamSave app helps previously unbanked people across Africa, Asia, and Latin America save money, build credit history, access loans, and achieve financial goals.

Inclusive Fintech 50 winners are chosen by an independent panel of 35 experts from leading venture capital, technology, and financial services firms. The list recognizes the most promising technology startups providing innovative credit, insurance, savings, and other critical financial services to unbanked, marginalized, and vulnerable populations. DreamStart Labs was selected from hundreds of eligible fintech startups based on four criteria: Market Traction, Scale Potential, Innovation, and Inclusiveness.
“Visa is excited …

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CIA Omnigage Launches Business Advisory Committee and Appoints Nick Harness as Inaugural Member

cia omnigage launches business advisory committee and appoints nick harness as inaugural member

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PARSIPPANY, N.J., Oct. 20, 2020 /PRNewswire/ — CIA Omnigage—an award-winning, cloud-based communications platform and provider-of-choice for financial services and other B2B companies for over two decades—announced the launch of a business advisory committee.
The CIA Omnigage Business Advisory Committee will serve as an innovation incubator for CIA Omnigage and will consist of well-respected industry experts from various business and technology fields. Committee members will provide valuable guidance and insights as the organization works to enhance its next-generation communications platform.
Nick Harness, a highly-respected industry and technology leader in the financial services sector and current chief information officer, Kestra Financial, has been appointed as the inaugural member. Prior to Kestra Financial, Mr. Harness served as chief technology officer, managing director at JP Morgan Asset Management and chief information officer, managing director at Morgan Stanley, Investment Research Division.
“I am excited to announce the launch of the CIA Omnigage Business Advisory Committee. As a collective group, we will work to produce new technologies and determine our roadmap for continued growth,” said Daniel Duran, chairman of CIA Omnigage Business Advisory Committee and co-chief executive officer at CIA Omnigage. “I am honored to welcome Nick as the inaugural member of our Committee. …

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Stockton woman helps people navigate financial journey after going from bankrupt to millionaire

stockton woman helps people navigate financial journey after going from bankrupt to millionaire

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“If COVID has taught you anything it’s taught us that we can’t depend on a single source of income,” Constance Carter said.

STOCKTON, Calif. — A Stockton woman is helping people navigate their financial journey after going from bankrupt to millionaire in about ten years.

Constance Carter is the CEO of her real estate company, Catalyst Real Estate, and is a multi-millionaire with multiple streams of income.

However, when Carter was starting off her real estate career she said she wasn’t good with her money.

“I didn’t really know how to manage it and I ended up filing for bankruptcy,” Carter said. “I ended up having poor credit. My credit went from an 800 down to a 379 which is almost as low as you can get.”

She said she had to figure out budgeting and finance since she didn’t learn about those topics growing up. She said her parents didn’t have great credit and she was even homeless for a time.

“I had to sit there and think about my life and think about all the things I had gone through and what got me in my situation,” Carter said.

Little by little she was able to …

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