Updates from investment banking Sign up for myFT Daily Digest to be the first to know about investment banking news. Less grunt work will lead to less grunt: This is perhaps the obvious conclusion upon hearing that investment banks, including Goldman Sachs, are planning to automate the data processing currently entrusted to junior bankers. Underlings […]
Read MoreBy Natalia Gurushina, Chief Economist, Emerging Markets, VanEck. Evergrande’s story in China is still unfolding, but it’s important to remember the strengths of MEs (especially on the external side) that create places to hide when the going gets tough. Problems, risks and disasters tend to get a lot of attention, both in the investment community […]
Read MoreIndia is emerging as the destination country for healthy foods like millet and the government is promoting biofortified varieties to fight malnutrition, Agriculture Minister Narendra Singh Tomar said on Sunday as he virtually participated at the G-20 meeting on agriculture. Tomar said the United Nations (UN) accepted India’s proposal and declared 2023 as the International […]
Read MorePatrick R. Miller is an Associate Professor of Political Science at the University of Kansas. Health insurance companies have been shielding many customers from out-of-pocket “cost-sharing” expenses like deductibles, coinsurance, and copayments for Covid-related medical care. But that safety cushion is disappearing, increasing your direct financial risk from the disease. Now that vaccines have proven […]
Read MoreBy Thompson Clark, Mauldin Economics Few brands are as universally recognized as this one— Source: Tampabay.com Just a picture of a swoosh, and everybody knows we’re talking about Nike (NKE), the hugely successful sportswear company. Since the 1970s, Nike has grown from a small Oregon running shoe company to a $ 258 billion global juggernaut. […]
Read MoreFormer Pakistani players have urged the current squad to “express their frustration and anger” at the upcoming T20 World Cup after New Zealand withdraws from its tour of the Asian country due to security concerns. PCB Chairman Ramiz Raja said New Zealand’s abrupt withdrawal from his tour, which he described as a “unilateral” move, has […]
Read MoreFORMER Finance Minister Tendai Biti, who is also a former chairman of the National Assembly’s Public Accounts Committee, said proposed mergers of financial institutions involving government entities do not pass the due diligence test. The main merger is CBZ Holdings, ZB Financial Holdings, First Mutual Holdings Limited (FMHL) and First Mutual Properties (FMP), in which […]
Read MoreJust before Frank Berry left his job as head of Georgia’s Medicaid agency this summer, he said the state “will be looking for the best bang for the buck” in its upcoming contract with private insurers to cover the state’s most vulnerable. This story also appeared in Georgia Health News But whether the state — […]
Read MoreSony’s movie business boss said he believes the video game business will be the next focus of corporate mergers and acquisitions. Speaking at Bank Of America’s Merrill Lynch Media, Communications & Entertainment conference this month (transcribed by VGC), Sony Pictures Chairman and CEO Tony Vinciquerra was asked to comment on whether the film industry will […]
Read MoreMinister of Finance Nirmala Sitharaman. | Photo credit: PTI Highlights Simply put, a bad bank is a financial institution created for the sole purpose of taking over non-performing assets from lenders, allowing them to refresh their books, focus on lending, build confidence in the financial sector, and, ultimately, lenders. ultimately, stimulate economic activity. Banks, non-financial […]
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