Strategy Financial News

Episode 5 unveils the aftermath of the intense clash at Rook's Rest, revealing pivotal developments in the Targaryen saga.

With truly untapped markets becoming nigh impossible to find, asset managers are instead focusing heavily on expanding their product distribution pipelines and developing new investment vehicles.

“You must pay for everything in this world one way and another. There is nothing free except the Grace of God." – Charles Portis

Reuters on Wednesday reported that India plans to increase state subsidies on rural housing in the upcoming federal budget by as much as 50% from the previous year to more than $6.5 billion. “The rural development ministry has proposed to aid construction of another 20 million houses under Awas Yojana (rural) in the next five years.

Germany has moved more Bitcoin to centralized exchanges including Bitstamp, Kraken and Coinbase, among others between Thursday and Friday.

Edible oil major Adani Wilmar on Friday said it has reported a 13 per cent volume growth in the June quarter. The double-digit growth was propelled by market-specific strategies in each category, aimed at gaining market share, especially in under-indexed markets, the company said in a business update. In the first quarter of the current fiscal, «the company achieved robust volume growth of 13 per cent YoY,» the company said. Adani Wilmar has reported a 19 per cent year-on-year (YoY) volume growth in the first quarter from alternate channels such as e-commerce, quick commerce and modern trade channels.

Marko Kolanovic has had a 19-year career at JPMorgan predicting movements in global markets, and during that career he's got many things right. More recently, though, he's got quite a few things wrong. Kolanovic's apparently involuntary exit today from his job as chief global market strategist, and his replacement by his junior, is a sharp reminder that if MDs don't jump the hoops, they will be out. 

Vanessa N. Martinez, CEO and co-founder of Expressive Wealth, a Chicago-based RIA which launched this past spring, believes succession planning – and communication – should be a top priority for all advisors.

INDIA bloc allies are working to consolidate gains by scoring impressively in the upcoming assembly polls in Maharashtra, Jharkhand and Haryana. Gauging that the electoral outcome in these three states headed for polls in September-October could have political implications even beyond them, Congress and its allies are working on strategies to get a head start besides firming up their internal unity. This even as opposition camps are expecting and preparing for the much-awaited elections in Jammu and Kashmir around the same time.

healthcare startup Cloudphysician said it has appointed Mandar Vaidya as its India chief executive officer from June. Bengaluru-based Cloudphysician is a full-stack tech and operations company that partners with hospitals to manage patients in their intensive care unit and emergency departments.

Crypto firm Paxos has received full approval from Monetary Authority of Singapore (MAS) to offer digital payment token (DPT) services.

Hedge fund Segantii Capital Management is winding down. Bloomberg reported last month that it's already returned a third of its assets under management to investors and that it plans to return the rest by October. Staff are being let go. Some are already turning up elsewhere. 

Singapore, July 11: Greta Minerals PTE Ltd, part of the Greta Group – a Singapore based company has successfully acquired Lithium and REE (Rare Earth Elements) exploration assets in Western Australia. This marks a significant milestone in Greta Groups’ growth strategy, enhancing its portfolio and expanding its operational footprint in Australia.

The portfolio manager joined Fidelity as a graduate, spending over eight years in fixed income quant research before being promoted to portfolio manager, a role he has held for nine and a half years. It is not clear, however, as to where Ferrarese will move to next. His exit follows the appointment of Allianz Global Investors' Mike Riddell, who will assume responsibility as the lead portfolio manager for Fidelity's strategic and total return bond strategies. Allianz GIobal Investors star bond manager Mike Riddell exits to join Fidelity After joining in August this year, Riddell wil...

Staking allows token holders to participate as validators in a Proof of Stake (PoS) consensus mechanism by locking their tokens into a staking contract and running the associated validator software.

Hawaii islands is known for its picturesque beaches and various other tourist monuments. Like the other states of the US, it has its own share of challenges and one such issue is that of drugs. It has been reported by USA Today that Mexican cartels are wreaking havoc in this peaceful place. There are two dominant cartels which are Sinaloa and its rival which is known as the Cartel Jalisco Nueva Generacion who run the drug pipelines all the way from California and Nevada to Oahu. The government has been aware of this and is trying to tackle the issue.

BJP national president and Union Minister J P Nadda will visit Jammu on July 6 to set the party into motion by announcing plans for the upcoming assembly polls in Jammu and Kashmir. Nadda, who will receive a warm reception in Jammu following the BJP's third consecutive victory, will review the party's operations. This move is crucial as the Election Commission of India (ECI) begins updating the electoral rolls in the Union Territory, paving the way for the assembly elections in Jammu and Kashmir along with other states. «Nadda is arriving in Jammu to assess the party's functioning and discuss strategies for the upcoming assembly elections in Jammu and Kashmir,» Jammu and Kashmir Bharatiya Janata Party (BJP) chief Ravinder Raina told PTI.

Freeman joins GAM from SSVL Monaco, a Monaco-based activist fund focused on small and mid-cap European companies, where between 2017 and 2023, he was a member of the Investment Committee. GAM appoints Liontrust as delegated manager of Star Alpha Technology strategy Prior to that from 2014 to 2016, Freeman served as the chief investment officer of the Fortress Centaurus Global fund. In 2000, he co-founded Centaurus Capital, a multi-billion-dollar hedge fund group with assets under management (AUM) later peaking at $5bn. Freeman held the positions of CEO and CIO until 2014, when t...

Consumer-facing fintechs, which worked with lending platforms like Liquiloans, LenDenClub, Lendbox and Faircent to source credit for their users, have also become cautious with their product strategies, said people in the know.

Reserve Bank of India reviews the stability of the country’s financial system. Its latest report made for good headlines: The proportion of loans that have gone sour is at a multiyear low, and likely to decline further. But buried in the report is a warning from the very institutions the central bank is charged with regulating. Market participants responded to a survey asking what they saw as the biggest contributors to systemic risk. While they downplayed the usual concerns — asset quality, interest rate risk, capital outflows — one particular threat loomed larger than ever before: climate change. In fact, respondents named it for the first time as the greatest source of systemic risk to the Indian financial system. They’re not wrong to worry. It isn’t just that India, according to the Network for Greening the Financial System, will see sharply lower growth unless temperature rises are controlled. That growth will be more variable and subject to sharper shocks, including those from weird weather and delayed monsoons. This worries the country’s financial arteries; so does the uncertain fate of sectors such as construction, cement and energy, to which they are deeply exposed.

Fintech firm Robinhood has announced a new acquisition which will give it enhanced capabilities including AI-powered investment research.