Japan's regional banks are enhancing unsecured retail lending as it offers high profit margins. Loans on mortgage and small firm borrowing are declining. Japan banks are suffering from ultra-low interest rate regime to increase revenues.
People
George Osborne Opts For Further Cut In Public Spending In Lieu of Tax hiking
George Osborne has over-shoot the borrowing forecast due to weak economic outlook and poor tax receipts. In order to achieve his self imposed goal, he has been left with only two options for his 2016 budget- cut public expenses or increase taxes. However, the UK chancellor has hinted opting for reducing public expenses while addressing the BBC’s Marr Show.
Philippine President Hopefuls’ Tricky Stance On Relationship With China Amid Territorial Dispute
Sino-Philippine relationships have been witnessed to hit the bottom during the regime of existing president. Presidential candidates for the upcoming elections find difficulties in maintaining balance with national sovereignty and trade relations with neighboring China. However, all the candidates have committed to uphold sovereignty while maintaining better trade relations with China.
Global stocks soar on rising investor confidence
Global stocks rose further as increased investor confidence propelled buying support. Investor confidence has been strengthened after the announcement of European Central Bank's stimulus plans and encouraging US economic data.
Chinese Insurer Anbang To Acquire Strategic Hotels & Resorts For $6.5 Billion From Blackstone Group LP
China has been acquiring foreign assets desperately ahead of turbulent economic situations. It has acquired assets for around $84 billion during this year compared to last year’s $108 billion. Anbang has reached an agreement acquiring Strategic Hotels & Resorts for $6.5 billion from Blackstone Group LP which is the latest bout of China’s acquisition spree.
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Global markets have been moving in tandem with state of Chinese economy and US Presidential elections these days. After rebounding in the previous month, the global markets are waiting for next level triggers from US elections and stimulus plans on China's economy.
Intel Corp, one of the major manufacturer of computer components in the world, is planning to sell a part of its venture capital (VC) unit Intel Capital. The value of the part of assets to be offered for sale is estimated to be $1billion worth. UBS Group AG has been appointed to find out potential buyers for the sale of a part in venture capital unit.
The US drilling activity for oil and natural gas declined to record low since 1940 in the wake of weaker oil prices in the global markets. Oil firms are also reducing their spending budgets this year owing to adverse conditions in the markets
Life Insurance Corporation has invested in nine state-owned banks. The Indian-based insurance group has invested around ₹2,750 crore in shares of nine banks in order to strengthen their capital reserve.
China Banking Regulatory Commission (CBRC) has warned of risks from industrial overcapacity. CBRC has advised commercial banks and financial institutions to keep limits on lending exposure as it sees a need for setting up investment pilot projects and asset securitization to enhance cash flows.
Offering raw but pre-packed and pre-measured food ingredients and step-by-step recipes, meal-kit deliveries are getting more popular in the U.S. The country has seen an increase both in demands and the companies who offer such services.
Silicon Valley Bank report shows 59% of UK start-up heads chose to be acquired rather than seek IPOs. Many UK executives consider hiring labours to be more challenging than other business issues.
Bosch is seeking to transform itself from equipment manufacturers to service providers. The company has launched its own cloud computing network and is determined to develop its Internet of Things technology and software to be better.
Product management tool provider Propel has closed $4.2 million series A investment. Cloud Apps Capital Partners participated in the A series investment round for Propel.
