Yes Bank Ltd aims to raise up to $2 billion in a massive issue of new shares to institutional investors and wealth managers as it soaks up the impact of bad loans in the country’s crisis-hit shadow banking and real estate sectors.
Archives for November 2019
Factory activity in China unexpectedly returned to growth in November for the first time in seven months, as domestic demand picked up on Beijing’s accelerated stimulus measures to steady growth.
Even though the U.S. stock market continues a record-breaking rally that has sent the benchmark S&P 500 index up nearly 25% for the year, investors appear to be looking elsewhere for better values in the year ahead.
After nearly 20 years since the current set of life expectancy tables were released by the IRS, the IRS released proposed regulations to update these tables for an increase in the average lifespan. In this episode, Bob Keebler, CPA/PFS will discuss practical knowledge that will help best serve your clients: What are the changes you […]
Bank of Japan Governor Haruhiko Kuroda said on Friday he saw no need to expand monetary stimulus now, underscoring the central bank’s preference to save its dwindling ammunition in case the economy takes a bigger hit from heightening overseas risks.
It seems like the #1 concern for every business, whether it’s a small yoga studio or a large gym is how to grow. But growth doesn’t always equal higher profits, nor does it mean that your business is prepared for responsibility of growth such as hiring, expanding space, budgeting, and more. Every small business or […]
Global technology spending on the Internet of Things (IoT) is expected to reach $1.2 trillion (€1 trillion) in 2022, led by industries such as discrete manufacturing $119 billion (€108 billion), process manufacturing $78 billion (€70.8 billion), transportation $71 billion (€64.5 billion) and utilities $61 billion (€55.4 billion). Indeed, the market for Industry 4.0 products and […]
The dollar was little changed in early London trading on Thursday as a mild overnight risk-off move, sparked by the United States and China clashing over Hong Kong, subsided.
India’s finance ministry wants the Reserve Bank of India to set up a fund to buy out stressed assets of the country’s top 25 shadow lenders, a government source told reporters on Thursday.
It’s beginning to look a lot like Christmas – the decorations are up, presents being purchased, parties and holidays booked, school is nearly done for the year, the kids are excited, the anticipation is building… Christmas is a time for family, friends, faith, togetherness, celebration, good food, helping those in need, merriment, traditions, reflection, hope, […]