Oman

GCC central banks seek to enhance financial inclusion

Times of Oman | Mar 23, 2019 at 4:08 PM
  • The Sultanate hosted the 72nd meeting of the Governors of Monetary Institutions and Central Banks of GCC countries on Thursday at the GCC Supreme Council Consultative Authority building in Muscat.
  • Al Amri pointed out that the banking sector in the region has proved its resilience and its ability to adapt to the changes.
  • It is to be noted that during the meeting, a number of issues related to supervision and control of the GCC banking system, the payment systems and the use of technologies in the financial sector were discussed.

United States

Court allows ED to send LRs to 21 countries for assistance in Rs 8,100 crore bank fraud case

Money Control | Mar 23, 2019 at 2:54 PM
  • A Delhi court has allowed the Enforcement Directorate to send letters rogatory (LR) to 21 countries, involving the UK and the UAE, seeking assistance in the probe of a Rs 8,100 crore bank fraud case involving Gujarat-based Sterling Biotech Ltd.
  • The LRs will also be send to Albania, where the court recently allowed the ED to send extradition requests, after its special public prosecutor Nitesh Rana informed that its two directors — Nitin Sandesara and Chetankumar Sandesara — have obtained the citizenship.
  • The total volume of the alleged loan defraud is pegged at Rs 8,100 crore.

China

Feature: Britons preparing for uncertainty of Brexit

Xinhua News Agency | Mar 23, 2019 at 1:31 PM
  • Holding an EU flag, Clem Ruttet from Kent was walking in the London street between Westminster Abbey and the Houses of the Parliament to protest against Brexit.
  • The Cheeky Panda is an innovative company, making tissues and wipes from virgin bamboo for markets both in the UK and European countries.

United States

5 Safe And Cheap Dividend Stocks To Invest (March 2019)

Seeking Alpha | Mar 23, 2019 at 1:06 PM
  • The markets have continued their steady move upwards since the beginning of this year, as visible from the chart below.
  • If we try to filter for dividend stocks paying 2% plus dividend yield, there are nearly 2000 such companies trading on US exchanges including OTC networks.
  • We think these companies would form a solid group of dividend companies that would be appealing to income-seeking investors, including retirees and near-retirees.

United States

3 Top Fintech Stocks to Buy in March

Fox Business | Mar 23, 2019 at 12:48 PM
  • Square has come a long way in just a few years, but still has massive potential.
  • In 2018, active accounts increased 17% year over year to 267 million accounts.
  • The Motley Fool owns shares of and recommends MercadoLibre, PayPal Holdings, and Square.

United States

Inflationism

Seeking Alpha | Mar 23, 2019 at 12:37 PM
  • The contemporary Post-Keynesian monetary economic school of Neo-Chartalism advocates government deficit spending to yield full employment is attacked as inflationist.
  • Like in 2004-2006 Fed rate hiking cycle, Japanese investors had the option of either increasing exposure to lower rated credit instruments outside Japan or taking on currency risk.
  • Returning to credit, we have been advocating going higher the quality spectrum and using the recent rally to reduce highly illiquid high beta exposure such as leveraged loans.

United States

Nifty may consolidate ahead of March expiry; HDFC Bank, ICICI, SBI top bets

Money Control | Mar 23, 2019 at 12:16 PM
  • Since the index is already up for 12-13 trading sessions, one should wait for some price and time correction to take place to initiate fresh long positions, Arun Kumar, Market Strategist, Reliance Security.
  • A) The sharp breakout of NiftyBank index seen on March 5, 2019, triggered bullish signals on a near-term basis.
  • Stocks, especially Axis Bank and ICICI Bank, improved the bullish sentiments with their sharp rallies.

China

Galeries Lafayette second Chinese store starts trial operation

Xinhua News Agency | Mar 23, 2019 at 11:26 AM
  • The newest flagship store of French-based high-end department store guru Galeries Lafayette announced its soft opening in Shanghai Saturday, the second one in China after its first store in Beijing since 2013.
  • The company plans to open around 10 stores by 2025 in the Chinese market and will introduce its WeChat mini program in the second quarter of this year.
  • The company also plans to debut its WeChat mini program in the second quarter this year, to deepen its relationship with Chinese customers.

China

(Multimedia) Business confidence index rebounds in Q1: central bank

Xinhua News Agency | Mar 23, 2019 at 11:18 AM
  • Business confidence among Chinese entrepreneurs rebounded in the first quarter of the year after falling for two quarters consecutively.
  • The entrepreneur confidence index climbed to 69.2 from 67.8 in the fourth quarter of 2018.
  • The credit demand index increased to 70.4 from 63 in the previous quarter, reflecting companies’ stronger needs for bank loans.