How many times have you received a payday loan? Do you know of anybody that has used a payday advance service before? I ask this because most people have or know somebody that has used a payday advance service in the past and they would be a good person to talk to about the benefit of getting one.

What most people hear is that payday advance loans charge a high fee. This is not always the case but the reason some companies do this is because the people they are lending money to are not that good with paying money back. Some payday advance companies will run a quick credit check just so they can get an idea of how trustworthy you are but not all will put you through this. The benefit of getting a credit report is that you might look better in the eyes of the payday advance company and therefore, they might give you a better rate on your loan. Just know that your payday advance loans are short and it might only stay open for a week or two.

One of the main benefits of a payday advance loan is that you don’t have to get pre-approved for them. A lot of people can’t get regular bank loans because of all the paperwork involved with them and that is why they turn to payday advance loans instead. The nice thing about them is that you can go in one day and come up an hour later with the money that you need. Although, these work for some people they are not as good for others with great credit and the ability to get cash from an actual bank. Payday advance loans are great but I would still recommend that you work on increasing your credit rating so that you can get regular loans from now on.

London Stock Exchange plans to raise 938 million GBP from investors by issue of shares. The exchange operator will use the funds to finance the acquisition of 1.6 billion GBP. After the news the shares of London Stock Exchange lowered price. At the end of June of the LSE said it would buy the company Frank Russell Company, which compiled indexes and manages assets of Northwestern Mutual.

Subscription in the rights issue will be held at a price of 12.95 GBP per share. This is a discount of 30.1% compared to the closing price on Thursday, which was 20.05 GBP. At that price the securities capitalization of LSE totaled 5.46 billion GBP. With the acquisition of Frank Russell LSE will become the owner of the index of small American companies Russell 2000. In addition, the company will become the third largest player in the growing market for exchange-traded funds (ETFs).

According to CEO Xavier Rolet LSE the transaction by the company will expand its global presence especially the key American market. To do this, LSE shareholders must approve the deal. Their general meeting is scheduled for September 10th. Furthermore LSE published its financial results for the April-June Adjusted profit before tax rose by 26% to 129.8 million GBP and revenue grew with 20% to 299.9 million GBP.

The revenue from exchange transactions rose by 16 percent during the quarter, the number of new issuers on the LSE’s main markets bounce more than twice. The markets minor benefits brought higher revenues from trading financial instruments with fixed income and growth of trading in Italy.

The British company BP plans to invest 10 billion AUD in Australia to expand its network of service stations and developed oil and gas projects in the country. The company operates the largest refineries on the island and wants to grow its business. Within the next 12 months BP will open in Australia over 12 new stations, said the president of the group in Australia Andy Holmes. He refused to indicate whether BP is considering the acquisition of specific local companies.

According to Holmes in the next five years BP will invest around 2.3 billion AUD in refining and marketing, including Quintus refinery in Perth, Western Australia. In addition, more than 1 billion AUD will be spent on deepwater drilling in the southern shelf of the continent. These activities will begin in 2016.

BP intends to expand its distribution network in Australia because of increased competition from companies such as Trafigura Beheer BV and Vitol Group. Currently, the British company has about 1,700 petrol stations in Australia.

By mid-2015 BP will stop developing Balvar Island refinery in Queensland, which can be reorganized and used as a terminal for fuel imports. The British company is also interested in the areas that will be developed within the gas project “Gordon” in Western Australia, operator of which is Chevron.

The net profit of Raiffeisen Bank International AG surprisingly grew in Q2 2014 to 183 million EUR. The result is very good, compared to the profit of 120 million EUR an year earlier and analysts expectations for 118 million EUR. The lower costs and optimizations in the management provided support for the net profit of the bank. With that financial report the Austrian lender confirms the annual targets despite growing tensions between Ukraine and Russia.

Raiffeisen Bank International AG is a key participant in the market of Central and Eastern Europe, and ranks among the 10 largest banks in Russia. However, according to the bank the negative effect in the country will be minimal. The continuing instability in Ukraine, where foreign exchange losses melt revenues from commercial activities of Raiffeisen Bank International, forced the Treasury to increase its provisioning by 15% yoy to 287 million EUR. In Ukraine, the Raiffeisen is the fifth largest and the country banking formed nearly 2.4% of total assets.

The CEO of Raiffeisen Bank International AG Karl Sevelda described the first half of the year as “dynamic”, marked by the conflict between Russia and Ukraine, along with regulatory issues such as inspections of the European Central Bank for the quality of the balance sheets of the biggest banks in the Eurozone.

According to the financial report the administrative expenses decreased by 7.8% to 764 million EUR from 829 million EUR reported in the second quarter of the previous year. The decrease is primarily a long cheapest currencies in Russia and Ukraine. The net interest income rose marginally to 975 million EUR from 972 million EUR an year earlier.

The management of Raiffeisen Bank International AG expects this year the total costs to be lower compared to 2013 and the amounts of loans and advances to be like last year. The forecast of the bank’s net provisions is to be between 1.3 billion EUR and 1.4 billion EUR. The impact on these figures, however, could have a conflict between Moscow and Kiev and checks the ECB. In recent years Raiffeisen Bank International is trying to recover from the worst financial crisis. The banks need state aid in the amount of 1.75 billion EUR and 500 million EUR from private investors. The bank already returned the state aid.

Brazil achieved new multi-billion USD injection in banking system, which is the second one in less than a month after the government is trying to boost the economy in the wake of the disputed presidential elections. Yesterday the central bank ease reserve requirements for banks, releasing about 10 billion reais (4.5 billion USD) in new loans. Only three weeks ago it injected 45 billion reais (20.3 billion USD) into the economy by easing the mandatory rules for deposits and change the calculation of risk for certain loans. The new measures must improve the access of Brazilian small businesses to credit and strengthen foreign trade.

Later yesterday, the Ministry of Finance announced the launch of a new tax-exempt bonds to stimulate the mortgage market. The administration of the President Dilma Rousseff is struggling to boost growth amid high inflation, which declined slightly this month, but at a level of 6.5% per year is still above the target of 4.5%. During the next week will be released the data for growth, which may show that the country has entered a technical recession in the first half of this year.

The Finance Minister Guido Mantega attributed in part to the economic slowdown, the country’s decision to host the World Cup this year, which froze business activity for a month.

The analysts are doubt that the actions of the central bank in the past few weeks will have a big effect. According to them, there is enough liquidity in the system, but banks are reluctant to lend and businesses are reluctant to take on new debt, because there is great uncertainty about the future of the country.

Citigroup sale retail banking business in Japan, although for decades the American banking giant has a strong presence in the country. Moreover the US company informed the authorities in USA, watching the dispute between Argentina and the hedge funds, which refuse to accept the terms of debt restructuring of the South American country. The company is afraid that will lose its banking license due to the deadlock.

Citi expects to receive nearly 5 million USD from Argentine during the next coupon payment of 30th September 2014. Because of the lawsuit the bank can not settle with holders of Argentine debt. The South American nation constitutes a small part of the US vault. At the end of June exposures Citigroup in the country are only 2.7 billion USD to the total bank assets of 1.9 trillion USD.

In Japan Citigroup is considering an auction for the sale of its operations in retail banking. If the sale happen, Citigroup will focus on its remaining businesses in Japan, which is mainly based on corporate and investment banking and securities trading. At this time Citibank Japan Ltd has 33 branch retail banking in Japan and deposits of 3.9 trillion JPY (39 billion USD). Over the last decade the Bank also contracted part of its activities in Asian countries due to regulatory requirements or simply as part of the plans for reorganization.

Since the beginning of the crisis the US bank cut its operations in order to make it more simple and easier to manage credit institutions.

The wages and bonuses for employees of hedge funds in London fell by over 50% until 2012 and after the profit in the sector started to shrink. For the last two years, the average amount of hedge funds bonuses decreased by 94% to 8000 GBP from 135,000 GBP 2 years ago. The wages also fell to 90,000 GBP from a value of 120 000 GBP in 2012.

The hedge funds profit decreased, as net flows slow. This reflected to the managers wages and bonuses, which signed shapr drop in the last years. In addition, the harsh regulations increase costs. The return also lags behind the growth rates of the leading indices. The Hedge Funds Aggregate Index, which tracks the performance of more than 2400 hedge funds managing assets of over 470 billion USD rose only 2.5% this year. In 2013 its progress was 7.4%. For comparison the broad MSCI World Index grew with 4.3% since the beginning of 2014, after last year added 24% to its value.

This year, the managers of hedge funds may not reach even half of the profits made in 2013, as according to analysts research they expect to achieve a return of 5% or less in 2014.

AP Moeller-Maersk raised its annual profit forecast after its sea line container transportation announced that its profit grow because of the large volume of freight and lower costs. Maersk expects profit of 4.5 billion USD in 2014 from continuing operations, compared with a previous forecast of 4 billion USD, said the Copenhagen-based company. The profit before interest, taxes, depreciation and amortization rose by 9% yoy in the second quarter to 3.09 billion USD, exceeding a little the analysts expectations for 3.05 billion USD.

Maersk Line, which transports about 15% of the containers in the world struggling with overcapacity in the industry, after the boom in orders for new ships coincided with the global financial crisis. That led to the biggest drop in prices for transportation of cargo containers since entered mass in the 70s. The profit of the container line in 2014 will be “significantly” over the last year’s result of 1.5 billion USD. The net profit of Maersk Line in the second quarter increased by 25% yoy to 547 million USD.

Maersk will repurchase shares for about 1 billion USD over the next 12 months “due to the current strong financial situation”, said the CEO Nils S. Andersen.

Maersk and MSC recently struck a deal to share capacity. The two largest commercial maritime carrier reached an agreement, which includes the use of 185 of their ships.

Solar energy market faces shortage of photo-voltaic panels, after the last two years suffered from a glut. The oversupply pushed the prices down, increasing the competitiveness of solar energy and its increasing demand. A dozen manufacturers went on bankruptcy, while the capital investment fell for survivors. Now is expected the installations of solar panels to increase by 29% this year and manufacturers are preparing for the first shortfall since 2006.

The shortage of photo-voltaic panels will benefit the largest producers and could slow growth in non-core markets in Asia and North America. The regions with strong price competition in Latin America first will see the above mentioned shortages, while the regions with stable prices like USA and Japan will be given priority according to the analysts. Also the supply for large scale farms and solar energy may be a priority for smaller systems on the roofs of buildings, threatening one of the fastest growing markets in the industry.

The looming shortage of photo-voltaic panels shows the rapid spread of solar energy. The industry may install capacity to 52 gigawatts this year and 61 gigawatts next year, from 40 gigawatts in 2013. The last time, when the supply was lagging the demand was in 2006, when the nascent industry installed capacity of only 1.5 GW. Over the next four years Chinese manufacturers raised funds from the sale of shares of Wall Street, with which to finance the increase in production capacity and thus took over the leadership position in the market of American, German and Japanese companies. The increased production capacity down prices and led to the bankruptcy of dozens of companies. Today, solar panels are sold at 76 cents per watt, compared to 2.01 USD per watt by the end of 2010.

The solar energy industry is cyclical and is close to a turning point, says the CEO of Canadian Solar. His company is expanding because of the expected shortage. That opens a lot of doors for business and give a fresh breath to many of the small solar panels builders. Despite the increased demand of solar panel most likely the prices per watt will not increase according to the analysts and experts. An increase in the price of solar panels will just exorcise the investors from this business and they will direct to nuclear, gas or other types of energy producing.

The US companies lose interest of acquisitions in China, despite the 47% expansion of the American mergers and acquisitions abroad. In the first seven months of 2013 companies from the United States spent 2.3 billion USD for acquisitions in China, while this year the amount is a 611 million USD, or nearly four times less. In this way the volume of acquisitions by American companies in China marked its lowest level in 12 years.

Part of the problem is related to the absence of big deals this year. In the same period of 2013 were signed two major agreements totaling at 1.3 billion USD.

The negative trend of China, however, comes not only from USA. The volume of all mergers and acquisitions in the country during the first seven months of 2014 was 10% lower yoy. Lower is also the sheer number of agreements that reached 271, which is the worst result for the period from 2003. The reduced interest of business of USA in the private sector the second largest economy in the world may end a decade of starvation for Chinese companies. The volume of the agreements so far this year remained below 2 billion USD only in severe crisis in 2012 in the last 10 years.