French finance minister confirms ‘end of recession’

While various data has indicated that French economy is perking up, analysts had expected that the recovery would be more tepid. After earlier predicting that the economy would contract by 0.1 percent overall this year, INSEE said it now expects growth of 0.1 percent for 2013, in line with government forecasts. Data to be released later Wednesday is expected to show that the eurozone has edged out of its 18-month recession, with many analysts pencilling in 0.2 percent growth. A return to sustained growth will be crucial for Frances efforts to bring its public spending deficit back under the EU ceiling of 3.0 percent. Earlier this year Europes second-largest economy was given a two year-reprieve until 2015 to reach the 3.0 percent target by the EU.

Ex-Div Reminder for New Mountain Finance (NMFC)

NMFC+Dividend+History+Chart

As a percentage of NMFCs recent stock price of $14.63, this dividend works out to approximately 0.82%, so look for shares of New Mountain Finance Corp to trade 0.82% lower all else being equal when NMFC shares open for trading on 8/16/13. 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 NMFC, showing historical dividends prior to the most recent $0.12 declared by New Mountain Finance Corp: In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from NMFC is likely to continue, and whether the current estimated yield of 3.28% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of NMFC shares, versus its 200 day moving average: Looking at the chart above, NMFCs low point in its 52 week range is $13.53 per share, with $15.83 as the 52 week high point that compares with a last trade of $14.68.

United Asia Finance May Seek Hong Kong IPO If Valuations Improve

The 22-year-old company seeks to add 30 to 40 outlets each year to offer unsecured lending to small and medium-sized companies and individuals, Nagahara said. To contact the reporter on this story: Stephanie Tong in Hong Kong at stong17@bloomberg.net To contact the editor responsible for this story: Chitra Somayaji at csomayaji@bloomberg.net United Asia Finance CEO Akihiro Nagahara Jerome Favre/Bloomberg Akihiro Nagahara, chief executive officer of United Asia Finance Ltd., reacts during an interview in Hong Kong on Aug. 9, 2013. Akihiro Nagahara, chief executive officer of United Asia Finance Ltd., reacts during an interview in Hong Kong on Aug.

Kimberly finance committee to look for ways to cut budget

City Inspector Bob Jones issued a letter to the council saying the developer of the subdivision, Clint Singletary, completed the seal coat and recommended the city release the bond. However, Councilman John Richardson was reluctant to release the bond. Richardson, who told the council he would abstain from voting since he lives in the neighborhood, said he was concerned about broken curbs, drains clogged with building materials and a patch in the road that seemed to only be gravel. Jones said the seal coat did go over the patch in the road.

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