Phool dev Shahni, like his father and grandfather before him, once earned his livelihood by diving into 8-foot-deep muddy ponds to harvest makhana, or lotus seeds. “I used to dive in 7 to 8 feet of water for hours a… Read More ›
Entrepreneurship
Euro Zone Inflation Surges Unexpectedly to 2.6%, Impacting ECB Rate Cut Outlook
Inflation in the euro zone unexpectedly rose to 2.6% in July, according to data released by the European Union’s statistics agency on Wednesday. This increase contrasts with the 2.5% inflation recorded in June and defied economists’ expectations, who had forecast… Read More ›
Nomura Triples Q1 Profit With Wealth Management Revenues Getting Boosted Due To End
Nomura Holdings, Japan’s largest brokerage and investment bank, reported a remarkable 195% increase in first-quarter profit on Tuesday, driven by a global market rally and the resurgence of domestic inflation, which boosted demand for its wealth management services. The impressive… Read More ›
Standard Chartered Announces Record $1.5 Billion Buyback, Raises 2024 Income Forecast
Standard Chartered (StanChart) has unveiled its largest-ever share buyback of $1.5 billion and has raised its income outlook for 2024, driven by anticipated strong economic growth in its key Asian markets and a strategic plan to control costs. The London-based… Read More ›
FINMA, The Swiss Regulator, Scrutinizes UBS Client Vetting Amid Credit Suisse Integration
Switzerland’s financial regulator, FINMA, is closely examining how UBS screens risky wealthy clients being transferred from Credit Suisse, sources revealed. This comes as the regulator adopts a proactive stance in overseeing the bank’s integration of its fallen competitor. Earlier this… Read More ›
G20 Decides To Address Super-Rich Taxes, But The Forum Has Not Yet Been Determined
A deeper debate about the appropriate platform to advance the agenda was covered up by the first-ever unified declaration by G20 finance chiefs on Friday, wherein they pledged to work in order to properly tax the world’s richest fortunes. The… Read More ›
U.S. Economy Expanded By 2.8% In The Second Quarter, Much Faster Than Anticipated
A first estimate released by the Commerce Department on Thursday indicates that the second quarter of U.S. economic activity was far higher than anticipated. After accounting for inflation and seasonality, the real gross domestic product—a measure of all the goods… Read More ›
Launch Of The US Spot Ether ETF Market Is Another Victory For The Cryptocurrency Sector
Exchange-traded funds (ETFs) linked to the price of ether in the United States had a successful launch on Tuesday, with $1.07 billion worth of shares trading hands in the products, as reported by dealers, Bitwise Asset Management, and CF Benchmarks,… Read More ›
Illegal Chip Imports Into Russia Are Reportedly Declining, Although Transshipment Hubs Like China And Hong Kong Still Exist
According to previously unreleased U.S. Commerce Department data, the amount of banned commodities and semiconductors moved through China and Hong Kong to support Russia’s war effort decreased by a fifth this year, but Hong Kong is still a hub for… Read More ›
Chinese Business Group Requests That The EU Update Its EV Research Findings
This week, at a hearing before the European Commission, an industry group representing twelve Chinese automakers claimed that EU tariffs on electric vehicles manufactured in China were illegal and needed to be lifted. At a hearing on Thursday, the China… Read More ›
manageria.biz 