FY22 budget deficit could narrow with higher tax collection, India Ratings says
Global developments
2022 appears to start with a sense of global risk that continues despite a surge in COVID cases across the world. Although US nominal yields have risen in the short end, real rates remain deep in…
Clothing retailers face higher cost risks in ’22
Investors in clothing retailers expect strong gains in 2021. Shares of Trent Ltd, Aditya Birla Fashion and Retail Ltd, V-Mart Retail Ltd and Shoppers Stop Ltd rose 45-65% last year. This compares to the 30% gain in the…
Callisto Tanzi, founder of Parmalat convicted of huge bankruptcy in 2003, dies at 83
Businessman Callisto Tanzi, who turned a small family-owned dairy business into the multinational food powerhouse Parmalat only to see it collapse in one of Italy's largest fraudulent bankruptcies, died on Saturday at the age of 83…
As we move into 2022, know how Bitcoin stacks up against the US dollar
2021 has been a year dominated by cryptocurrencies, so much so that a few countries have announced a crypto ban and a few have hotly debated how to regulate their trade.
Now, as we move into 2022, the crypto market is likely to enter a new…
Immutable Holdings announces closing of second tranche of oversized private placement for aggregate…
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Sarasota County Completes Sale and Leaseback Agreement for Downtown Administration Building |…
Sarasota County and Benderson Development Co. have reached an agreement for the sale of the Downtown County Administrative Building, which provides for its lease until 2025, when county officials hope to…
Buy now, pay later loans may soon play a bigger role in credit scores
Francis Creighton, president and CEO of the Consumer Data Industry Association, a professional group for the credit reporting industry, said it was important for late payment loans to be reflected on credit reports in order that lenders can…
dismissals, criticisms, compensation … and tariffs
By the end of 2020, it was clear that Ulster Bank's days in the Republic were numbered as its UK parent company, NatWest Group, was in the throes of a strategic review of the unit. Not many people…
Some companies are ready for Libor demise, but not all
Wall Street's abandonment of the London Interbank Offered Rate takes effect at the start of the new year. Some companies are better prepared for it than others.From January 1, US banks will no longer be allowed to issue new debt linked to…