Day: September 4, 2020

China Investigating Australian Wine Subsidies, Doubling Down on Dumping Probe | Investing News

By Emily Chow and Byron Kaye

SHANGHAI/SYDNEY (Reuters) – China on Monday launched an investigation into alleged government subsidies of some Australian wine imports, a widely expected follow-up to an anti-dumping probe that Australian representatives said they would oppose.

The investigations come against a backdrop of increasing tensions between the countries after Canberra called for an international inquiry into the origins of the novel coronavirus, which was first detected in China’s central city of Wuhan.

Beijing imposed tariffs on Australian barley in May following accusations the grain was being exported at a loss, or “dumped”. It then suspended some beef imports, before starting an investigation into dumping of Australian wine, an accusation Australia has refuted.

China’s commerce ministry said in an online statement it would now investigate some 37 Australian wine subsidy schemes following a request from the China Wine Industry Association.

The second investigation, which would take up to

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Statutes and Regulations associated with Regulated Finance Companies

Regulated Finance Companies (RFCs) are major financial intermediaries which are duly regulated and governed by the laws of Sri Lanka. RFCs are strictly governed by virtue of statutes and Acts such as Finance Business Act No. 42 of 2011. The other statutes which are applicable are Finance Leasing Act No. 56 of 2000 as amended, Consumer Credit Act, Mortgage Act, Motor traffic Act, Inland Trust Receipts Act, Debt Recovery Special Provisions Act, Criminal Procedure Amendment Act, Companies Act and so on.

The Finance Business Act No. 42 of 2011 is an act to provide control and supervision of finance companies registered in the Central Bank and the act has repealed the Finance Companies Act No. 78 of 1998. The act outlines the licensing procedures, directions, rules and requirements of finance companies, including core capital reserve funds, admissible business activities by finance companies. Under this act, it is mandatory that a

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Will life insurance pay if you die during a grace period? It depends.

Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective.

Many companies, like mortgagors, credit card issuers, and student loan providers, have offered customers grace payment periods or deferments to alleviate some of the financial burden of the coronavirus. Likewise, most life insurance providers extended their grace payment periods in response to the pandemic. 

As weeks have turned into months of social distancing and quarantine, whether these extended grace payment periods will continue might be a concern for those experiencing financial hardship. If you’re not current on payments and you die, will your beneficiaries still get your payout?

Will life insurance pay if you die during a grace period?

“Your grace period — the amount of time you have to

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How Much Money to Have at Every Age

Editor’s Note: APYs listed in this article are up-to-date as of the time of publication. They may fluctuate (up or down) as the Fed rate changes. CNBC will update as changes are made public.

How much you should be saving for retirement is an age-old question that just about everybody wants to know.

While the answer has a lot to do with when you plan to retire and the type of lifestyle you want to have in retirement, there are some general guidelines that you can follow at every age to help get you there.

According to retirement-plan provider Fidelity Investments, the rule of thumb is to save 10 times your income if you want to retire by age 67. Adjust this amount if you want to retire any earlier or later. Those retiring at 62 (the earliest you can claim Social Security) will need to save more to compensate

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