World bank exclusion list

File image of Anshu Jain Anshu Jain , ace investment banker and former co-chief executive officer of Deutsche Bank AG, has died of cancer, his family said on August 13. The 59-year-old was currently serving as the president of Cantor Fitzgerald LP. Jain, who is survived by his wife and two children, was fighting duodenal cancer since the past five years, his family said in a statement. He was diagnosed with the disease in January 2017. Through a combination of "exhaustive personal research, tactical skill, amazing caregivers, and sheer force of will", Jain managed to outlive his initial diagnosis by four years, the statement said. "There are few reliable statistics for life expectancy for stomach cancer in the third, fourth, and fifth years, because so few people survive these milestones. To his last day, Anshu stood by his lifelong determination to 'not be a statistic'," it added. The India-born Jain had served as the co-CEO of Deutsche Bank , the German multinational … [Read more...] about Anshu Jain, ace banker and Deutsche Bank’s ex-chief, dies at 59

“Phuket rank 11th with about 11.9 million tourist arrivals this year, higher than last year’s 11.6 million arrivals making it Thailand’s most important economy outside Bangkok.” Bangkok has come in second place in the list of the world’s top cities for tourism. The list has been compiled by Euromonitor International . Their Top 100 City Destinations 2018 report has just been released. Once again, Hong Kong tops the poll with close to 30 million tourists expected to travel to the city before the end of this year, more than half of them from the Chinese mainland. According to the UK-based market research company, Bangkok holds on to its #2 ranking after Hong Kong, with close to 24 million visitors expected this year. Phuket rank 11th with about 11.9 million tourist arrivals this year, higher than last year’s 11.6 million arrivals making it Thailand’s most important economy outside Bangkok. The report said that global air traffic has been rising steadily for years and … [Read more...] about Bangkok #2, Phuket #11 – World’s most popular destinations

- A + A HONG KONG (Aug 15): Hang Seng Bank Ltd, a Hong Kong-based lender majority owned by HSBC Holdings Plc, is seeking an insurance partner after its existing agreement with Australia’s QBE Insurance Group Ltd expired, according to people familiar with the matter. Hang Seng Bank is working with a financial adviser as it explores a so-called bancassurance partnership, which could be valued at more than US$100 million, the people said, asking not to be identified because the matter is private. Under such an agreement, an insurer typically pays an upfront amount to sell its products in the bank’s branches. Insurance firms seeking to expand in Hong Kong have expressed preliminary interest in the transaction, the people said. QBE could also propose a new partnership deal, building on its existing relationship, they said. Considerations are ongoing and no final decisions have been made, the people said. A representative for Hang Seng Bank declined to comment. Hang … [Read more...] about Hong Kong’s Hang Seng Bank is said to explore insurance deal

Share to Twitter Share to Linkedin Topline Readers are propelling The Satanic Verses and other books by Salman Rushdie to the top of bestseller lists decades after they were published, in the wake of a stabbing attack Friday that ignited renewed interest in his work. Key Facts The paperback edition of Rushdie’s The Satanic Verses is the top-selling book in Amazon’s contemporary literature and fiction chart, the second-best seller in censorship and politics and the 18th best-selling book on the U.S. platform overall, according to Amazon’s best seller list . The incident has also pushed the book up the charts in other countries, with a paperback version of The Satanic Verses respectively ranking as the 16th, 48th and 50th best selling books on platforms serving Canada , Australia and the U.K. Interest is also driving other formats and versions of the novel up the U.S. charts, with the digital version ranking 23rd in Amazon’s … [Read more...] about ‘The Satanic Verses’: Salman Rushdie Books Climb U.S. And International Bestseller Lists After Attack On Author

Top Performers July started off by ending on a positive note with crude oil prices facing a slippage. The banking stocks also played an important role in leading the markets up. The second week of July saw the Indian share markets lose their gains due to fears that the US Federal Reserve would step forward with more aggressive rate hikes because of the soaring inflation. It was also projected that the Reserve Bank of India would hike rates due to strong domestic inflation. The third week of July saw Indian share markets ending positively. The week cruised through the volatility faced by the markets due to weak global cues. Furthermore, investor sentiments were lifted as FIIs seemed to return to the Indian markets. In the final week of July, Indian share markets ended on a strong positive note. This was due to index heavyweight stocks being rallied and the fact that investors were relieved by Jerome Powell’s comments on recession. Smallcases are model portfolios of stocks/ETFs … [Read more...] about Top Performing smallcases of July 2022

- A + A HONG KONG (Aug 15): The decision by five Chinese state-owned companies to leave US stock exchanges adds to scepticism that authorities in both countries can reach an agreement on disclosure rules, with analysts seeing state-controlled airlines as the next potential group to depart, possibly followed by internet giants. China and Hong Kong are the only jurisdictions worldwide that do not allow inspections by the US Public Company Accounting Oversight Board, with Beijing officials citing national security and confidentiality concerns. With a deadline for delistings set for 2024 for those firms that are not compliant, US lawmakers are considering passing a bill to bring it forward to next year. The announcement on Aug 12 by firms including China Life Insurance Co and PetroChina Co could "soon" be followed by China Eastern Airlines Corp and China Southern Airlines Co, according to Redmond Wong, a Greater China market strategist at Saxo Bank. Shares of those … [Read more...] about China’s airlines could join the multibillion-dollar exit from US stock markets

State-controlled Baowu, the world’s biggest crude steel producer, is likely to acquire controlling stakes in some integrated production lines owned by Tsingshan at Indonesia Morowali Industrial Park in Central Sulawesi province, the people familiar with the negotiations said. - A + A (Aug 15): Tsingshan Holding Group Co, the nickel giant owned by billionaire Xiang Guangda, is in advanced talks to sell some of its stainless-steel assets in Indonesia to China Baowu Steel Group Corp as part of a strategic review, according to people familiar with the negotiations. State-controlled Baowu, the world’s biggest crude steel producer, is likely to acquire controlling stakes in some integrated production lines owned by Tsingshan at Indonesia Morowali Industrial Park in Central Sulawesi province, the people said, asking not to be identified discussing confidential information. The talks started in April, and the assets for sale include production plants of stainless steel … [Read more...] about Billionaire behind big nickel short plans to sell steel assets

- A + A KUALA LUMPUR (Aug 15): The takeover offer for Cycle & Carriage Bintang Bhd (CCB) at RM2.70 per share is “not fair but reasonable”, independent adviser Kenanga Investment Bank Bhd (Kenanga IB) said in a circular to CCB’s shareholders on Monday (Aug 15). The RM2.70 offer price by Jardine Cycle & Carriage Ltd (Jardine CCL) — the offeror — represents a discount of RM1.26 or 31.76% to the estimated revised net asset value (RNAV) per CCB share of approximately RM3.96. “Therefore, we are of the opinion that the offer price is 'not fair' as the offer price is lower than the fair value per CCB share as indicated by the estimated RNAV. Holders would be forgoing the opportunity to fully realise their investments at the estimated RNAV per CCB share by accepting the offer at RM2.70 per offer share,” it said. Having said that, Kenanga IB highlighted that shareholders should take note that the estimated RNAV represents the fair value of the CCB group’s assets with … [Read more...] about Takeover offer for Cycle & Carriage Bintang ‘not fair but reasonable’, says independent adviser

A version of this story first appeared in CNN Business' Before the Bell newsletter. Not a subscriber? You can sign up right here . You can listen to an audio version of the newsletter by clicking the same link. London (CNN Business) The most powerful business lobby in the United States is not a fan of the landmark heath care and climate package President Joe Biden is expected to shortly sign into law. "Business Roundtable opposes the 'Inflation Reduction Act,' which, among other things, includes tax provisions that would undermine American economic growth and competitiveness," the group said in a statement shortly before the measure was passed by the Senate. But analyses by Wall Street institutions published over the past week found that the impact on corporate earnings would likely be limited, though some sectors could be more affected than others. Breaking it down: The two provisions in focus are a 15% minimum corporate tax and a 1% tax on … [Read more...] about New business taxes are coming. Wall Street isn’t worried

File Image: An advertisement of Paytm, a digital wallet company, is pictured at a road side stall in Kolkata Digital payments and financial services company Paytm is likely to see a hit of Rs 400 crore on revenues and Rs 500 crore on the company's EBITDA if it makes rentals zero on all of its sound devices for merchants, Macquarie said in a report. Macquarie maintained its Underperform call on the stock with a target price of Rs 450. The report comes a day after Moneycontrol reported that Paytm's Soundbox, which announces receipt of payments for shopkeepers, is seeing tough competition from rival PhonePe. According to Macquarie, the impact amounts to 8 percent on revenues and 20 percent on EBITDA for the previous financial year of FY22. "Based on our channel checks, per device, fintech companies incur a maintenance cost of Rs 25 per unit as that is the SIM card costs that they incur. In addition, there will be some back-end costs. Hence the total costs incurred would … [Read more...] about Paytm’s revenue may see a Rs 400 crore hit if rentals for all Soundbox devices brought to zero: Macquarie