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Zacks: Analysts predict SEI Investments ...

Equity research analysts expect SEI Investments (NASDAQ: SEIC) to post earnings per share (EPS) of $ 0.95 for the current quarter, according to Zacks investment research. Four analysts have made estimates for the earnings of SEI Investments. The lowest EPS estimate is $ 0.92 and the highest is $ 0.98. SEI Investments reported earnings per […]

Exclusion of companies from the banking ...

MUMBAI: The Reserve Bank of India’s decision to keep businesses away from banking licenses will help the government avoid allegations that it is selling banks to large corporations. However, the number of potential buyers for public sector banks (PSBs) will decrease. In the absence of any deep-pocketed corporate house, bidders for PSU banks would have […]

Chinese economy: what future for the Asi...

Despite economic growth projections of 8% this year, China is struggling to overcome many economic challenges on its own. The debt problems of the country’s largest real estate developers – led by China Evergrande, which owes more than $ 300 billion (266 billion euros) – threaten to explode the real estate market. New home sales […]

VM Investment to acquire Republic Funds ...

Mutual Victoria Investments Limited, VMIL, has entered into an agreement with Republic Bank (Barbados) Limited to acquire 100% of the shares of Republic Funds (Barbados) Inc. Republic Funds owns and operates Republic Bank Barbados, which comprises the companies Republic Property Fund, Republic Income Fund and Republic Capital Growth Fund. VMIL expects the transaction to close […]

Australian banking regulator finalizes p...

SYDNEY, Nov. 26 (Reuters) – Australia’s banking regulator on Friday released final guidelines for banks, insurers and pension funds to manage financial risks from climate change, without imposing new rules. The Australian Prudential Regulatory Authority (APRA) said the principle-based guide is aligned with recommendations from the Financial Stability Board’s Disclosures Working Group on Climate-Related Finance […]

Indian foreign investment grows 28% in 1...

Indians seeking overseas investment opportunities have sent over half a billion dollars in the past 12 months, an increase of about 28% from the previous year. Although still only a small fraction of global remittances, the growth rate indicates a strong appetite for foreign investment. Indians invested $ 593.5 million in the 12 months ended […]

Banks and governments must step up effor...

A report by the accounting firm MNP and ATB Financial says the Indigenous economy in Alberta is a huge untapped economic resource, but many Indigenous entrepreneurs still face systemic barriers to success. Tarra Wright-Many Chief owns and operates Many Chief Tours, an ecotourism business focused on Indigenous culture and history in Calgary. She says even […]

Al-Jouf Oasis expects investments of $ 5...

Turkey, UAE aim to strike investment deals during visit to Ankara by Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed al-Nahyan as Turkey grapples with currency crisis , said two Turkish officials. Sheikh Mohammed’s meeting with President Tayyip Erdogan, the first such visit to either side in years, follows a period of bitter regional rivalries […]

Bank credit growth is picking up; festi...

Credit growth in the banking system is picking up, helped by demand for loans to individuals during festivals, according to analysis by a rating agency. Year-on-year (year-on-year) bank lending increased 180 basis points from last year’s level of 5.1% in the fortnight ended October 23, 2020. It is also about an improvement of 40 basis […]

Schroder British Opportunities Joins Six...

Schroder British Opportunities was the only trust to receive an “Elite Radar” rating in the latest round of reviews. Juliet Schooling Latter, research director at FundCalibre, pointed out that this was one of the few products to be launched in response to Covid-19. “The portfolio consists of 30-50 small and medium public and private companies […]