India has assured state banks it is ready to provide capital support as the coronavirus pandemic may lead to a surge in bad loans when economic growth is slowing, three government and banking sources told Reuters. New Delhi may need to make a provision of at least 200-250 billion rupees ($5.90 billion) for capital infusion […]
Fundoo Professor Sanjay Bakshi says the stock market is deeply prejudiced in pricing moated businesses and exploiting these prejudices can lead to successful investments. Bakshi, himself a follower of this practice, says moated businesses carry very low risk of permanent loss of capital. A ‘moat’ is a metaphor that investment guru Warren Buffett first used […]
In Asia, Tokyo Disneyland and Universal Studios Japan announced they would close, and events that were expected to attract tens of thousands of people were called off, including a concert series by the K-pop group BTS. The state-run Export-Import Bank of Korea shut down its headquarters in Seoul after a worker tested positive for the […]
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New Delhi: With the successful merger of Oriental Bank of Commerce and United Bank of India with itself, Punjab National Bank has started focussing on growth and planned a series of capital raising initiatives, including rights issue and FPO, in the third quarter this fiscal. At the moment, the bank is adequately capitalised with the […]
Viktor has never been one for niceties. Back in the 1980s, the then-stockbroking analyst ran the numbers on one of the nation’s entrepreneurial powerhouses, the Adsteam group run by John Spalvins. He concluded it was a debt-laden house of cards that would collapse at the first hint of trouble.
The young, minority ethnic groups and people without advanced skills are missing out on the recovery of the jobs market, and women are still getting a raw deal on pay, according to a report published on Thursday by the CBI, Britain’s leading business group.
* Fitch downgrades Colombia’s credit rating * BofA expects Mexican economy to shrink 8% in 2020 * Dollar unfazed by unemployment data * Oil price spike helps Brazil’s Petrobras (Adds analyst comment, updates prices) By Ambar Warrick and Susan Mathew April 2 (Reuters) – Latin American stocks made small gains on Thursday in a volatile […]
U.S. President Donald Trump on Thursday said he had brokered a deal that could result in Russia and Saudi Arabia cutting oil output by an unprecedented 10 million to 15 million barrels per day (bpd), representing 10-15% of global supply. Trump said he had not offered to cut U.S. output.
“You have to take into consideration this isn’t the full impact just yet,” said Peter Cardillo, chief market economist at Spartan Capital Securities in New York, adding that he expects “further erosion in the job market in the months ahead.”