A new House report suggests Robinhood's senior leaders were blindsided by their clearing house's collateral demands.
NEW DELHI (Reuters) -The United States has expressed concern to India that it was used earlier this year to export fuel made from Russian crude to New York through high-seas transfers, a top Indian central banker said on Saturday. U.S. sanctions on Russia for its February invasion of Ukraine prohibit imports to the United States of Russian-origin energy products including crude oil, refined fuels, distillates, coal and gas. "You know that there are sanctions against people who are buying Russian oil, and this was reported to us by the U.S. Treasury," Reserve Bank of India Deputy Governor Michael Patra told an audience of government officials and figures in finance and banking.
Jesline Goh was appointed UOL Group chief investment and asset officer on Jan 1, 2019 (Photo: Samuel Isaac Chua/EdgeProp Singapore)On August 12, UOL Group announced the resignation of chief investment and asset officer Jesline Goh Hwee Peng. Goh, 49, will be leaving the firm with effect from September 11, 2022. The reason for Goh’s resignation was “to attend to personal commitments”, according to the SGX announcement.Goh had been in her current role since January 1, 2019. Her responsibilities in
Artist's impression of AMO Residence, where over 98% of 372 units were snapped up on the first day of launch on Jul 23, 2022 (Picture: UOL Group)On Aug 11, UOL Group reported net of $371 million for the six months to June 30, its 1HFY2022, up 306% y-o-y, on the back of a rebound in hotel operations, all round better business and fair value and other gains of $190 million. Revenue rose 36% to $1.53 billion while group pre-tax profit before fair value and other gains/losses rose 47% y-o-y to $315.
India's consumer inflation dipped to 6.71% in July, easing for the third month in a row, helped by a slower increase in food and fuel prices and adding to expectations that the central bank may rein in the pace of its policy rate hikes next month. The year-on-year figure, published on Friday by the National Statistics Office, was marginally lower than the 6.78% forecast by economists in a Reuters poll. Economists said they expect the Reserve Bank of India (RBI) to raise its policy rate by at least 25 basis points next month as inflation was likely to remain above its tolerance band through this calendar year.
BENGALURU (Reuters) -Life Insurance Corporation of India (LIC) reported a 20.4% rise in June-quarter premium income on Friday, as easing COVID-19 restrictions boosted sales of policies for the insurer that largely depends on its agents. The company, which drives its business mostly through an army of 1.3 million sales agents, was hit by pandemic-led lockdowns last year that disrupted the work of its agents who focus on in-person engagement. LIC, India's biggest insurer, said net premium income rose to 983.52 billion rupees ($12.34 billion) from 817.21 billion rupees a year earlier, with nearly a 60% jump in the number of policies sold.
We look at the contenders for Mercatus’ retail asset portfolio and review the earnings from a healthcare REIT and a public transport operator. The post Top Stock Highlights of the Week: CICT and FCT Bid for Mercatus, Parkway Life REIT and SBS Transit appeared first on The Smart Investor.
NEW DELHI (Reuters) -India's Nayara Energy, part owned by Russian oil major RosneftMM>, posted a record quarterly profit in April-June as its margins improved due to higher intake of discounted Russian oil and fuel exports. Nayara posted a net profit of about 35.64 billion rupees($447.5 million) in the June quarter compared to a net loss of 1.39 billion rupees a year earlier, it said in a late evening stock exchange filing on Friday. Rosneft and Kesani Enterprises Co Ltd, a consortium led by Trafigura Group and Russia's UCP Investment Group, holds 49.13% stake each in Nayara.
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