Two-pronged Approach The government’s first-ever targeted balance of payments plan hinges on a twopronged approach: containing demand for imports and raising dollars to finance CAD. To contain imports, the government will raise duties on a host of non-essential items that could include electronic goods, alcohol, automobiles and precious metals such as gold and silver. The finance ministry has identified 345 such items, on which duties could be raised as early as Tuesday. Measures to contain gold imports, including raising customs duty to as much as 10% (the current tariff is 8%), are expected to bring down imports by 100 tonnes to 850 tonnes this year.
Unhelpful Timing Its unhelpful timing for Barclays, said Ian Gordon , an analyst at Investec Plc (INVP) in London , who has a buy recommendation on the shares. However, there should be no impact on the rights issue next month, he said. Barclays gained 0.6 percent to 285.45 pence in London today. The shares have increased 8.7 percent this year.
WhiteHorse Finance, Inc. Reports Second Quarter 2013 Earnings Results
Distributions are paid from taxable earnings and may include return of capital and/or capital gains. The specific tax characteristics of the distributions will be reported to stockholders on Form 1099-DIV after the end of the calendar year and in the Company’s periodic reports filed with the Securities and Exchange Commission. Recent Developments On July 16, 2013, WhiteHorse Finance priced an offering of $30.0 million of aggregate principal amount of senior notes (the “Notes”), the net proceeds of which were used to reduce outstanding obligations under the Company’s unsecured term loan. The Notes mature on July 31, 2020. The underwriters may exercise their option to purchase up to an additional $4.5 million aggregate principal amount of Notes from the Company to cover over-allotments, if any, on or before August 15, 2013.