Monthly Archives: August 2022

Hang Seng late for Thursday support

(RTTNews) – Hong Kong’s stock market has fallen in three consecutive sessions, dropping nearly 600 points or 3% along the way. The Hang Seng is now just above the 19,600 plateau, although bargain hunting is likely to be in order on Thursday. Global forecasts for Asian markets are optimistic thanks …

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Commonwealth Equity Services LLC holds a $2.33 million position in Sandy Spring Bancorp, Inc. (NASDAQ:SASR)

Commonwealth Equity Services LLC reduced its stake in the shares of Sandy Spring Bancorp, Inc. (NASDAQ: SASR – Get a rating) by 3.5% in Q1, according to its most recent 13F filing with the Securities and Exchange Commission. The company held 51,804 shares of the bank after selling 1,874 shares …

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Nasdaq drops for third straight day as chip stocks weigh on market

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, August 8, 2022. andrew kelly | Reuters Shares fell on Tuesday as investors navigated a series of disappointing corporate reports ahead of a key inflation reading. The S&P 500 fell 0.6%, while the Nasdaq Composite …

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US bank helps car dealerships provide instant financing

American bank can now provide loan funds to auto dealerships immediately after the bank finalizes a loan agreement, according to a Tuesday, August 9 Press release. The bank has helped more than 800 car dealerships receive funds in real time following a pilot program in June. US Bank said in …

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Bank of London leases 40 KSF in Charlotte – Commercial Property Executive

The office is expected to accommodate up to 350 employees by 2026. Charlotte, North Carolina Image courtesy of User 1778011 via Pixabay.com The Bank of London will locate its U.S. headquarters for the platform and global services at One Independence Center in Charlotte, North Carolina. The bank leased 40,000 square …

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NRI investors’ growing interest in India: Rahul Malhotra of Bank Julius Baer

“India’s wealth management market is becoming highly competitive with digital disruption and the growing need for personalized client engagement” TopicsJulius Baer | Wealth Management | INR The wealth management space in India is very competitive and yet the Swiss bank Julius Baer does not hesitate to raise the …

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Mumbai police take accused fraud loan application on remand | Bhubaneswar News

Bhubaneswar: Three men, who were arrested by the Economic Crimes Wing (EOW) of the state’s crime branch for executing questionable loan applications in collusion with some Chinese nationals and deceiving several people in Odisha , were remanded in custody by the Mumbai Police for questioning. Mumbai police have taken Nitin …

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NuZee Sets Price for Underwritten Public Offering of $3.4 Million Common Stock

PLANO, TX, August 7, 2022 /PRNewswire/ — NuZee, Inc. (NASDAQ: NUZE), a leading U.S. producer and co-packer of single-serve coffee formats, today announced pricing for its underwritten public offering of 4,200,000 ordinary shares at a public offering price of $0.82 per share, resulting in expected gross proceeds for NuZee of …

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Does RBI policy need the attention it is getting?

On Friday, the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) raised the repo rate by 50 basis points to 5.4%. The repo rate is the interest rate at which the RBI lends to commercial banks. One basis point equals 0.01%. With this, the repo rate is …

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US banks tout fossil fuels after Republican ESG backlash

In recent years, Wall Street companies have attempted to assert their commitment to the environment and social justice. Now they sing a different tune. Major US banks such as Goldman Sachs and JPMorgan Chase are among a group of global financial services companies that tout their business relationships with oil …

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ICICI Bank, PNB and Bank of Baroda raise lending rates after RBI rate hike

Following a 50 basis point rate hike by the Reserve Bank of India (RBI), private lender ICICI Bank and state-owned companies Punjab National Bank and Bank of Baroda raised lending rates. On Friday, the RBI’s monetary policy committee raised the repo rate to 5.40% from 4.90%, taking the benchmark …

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The AZEK Company Inc. (NYSE: AZEK) Shares held by Victory Capital Management Inc.

Victory Capital Management Inc. raised its position in shares of The AZEK Company Inc. (NYSE: AZEK – Get Rating) by 21.0% in the first quarter, HoldingsChannel.com reports. The company held 860,995 shares of the company after purchasing an additional 149,616 shares during the period. Victory Capital Management Inc.’s holdings in …

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Van Hollen, Brown and colleagues call US bank for opening fake accounts

August 04, 2022 Today, U.S. Sen. Chris Van Hollen (D-Md.) joined Sen. Sherrod Brown (D-Ohio), chairman of the Senate Banking, Housing, and Urban Affairs Committee, and other members of the Banking Committee and Housing, Senators Elizabeth Warren (D-Mass.), Catherine Cortez Masto (D-Nev.) and Robert Menendez (DN.J.) in a letter to …

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Latest news on the Russian-Ukrainian war: live updates

Ukrainian soldiers line the front line trenches near Barvinkove in eastern Ukraine on Monday.Credit…David Guttenfelder for The New York Times DRUZHKIVKA, Ukraine — Long-standing Ukrainian defense strongholds in the east have come under intense attack in recent days, according to the Ukrainian military and Western military analysts. The fact that …

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Deutsche Bank partners with Traydstream

German Bank has partnered with traydstream to automate document verification for their Trade Finance products. Partnership with Traydstream aims to enhance the bank’s ongoing efforts to digitize and automate its document commerce business, increasing controls, ensuring scalability for growth and ultimately improving the business experience clients in the area of …

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Thai business group maintains GDP outlook despite inflation risk

GDP growth forecast for 2022 maintained at 2.75%-3.5% sees 2022 exports up 6% to 8%; foreign tourists at 7-8 million Expects c.bank to hike rates next week BANGKOK, Aug 3 (Reuters) – Thailand’s economy is expected to grow another 2.75% to 3.5% this year, helped by rising exports, rising tourist …

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Inflation in South Korea accelerates to 6.3%

PRICE PRESSURES: The Bank of Korea is expected to raise rates by at least 25 basis points this month as consumer prices rose 6.3% in June Inflation in South Korea accelerated further last month, underscoring the need for the central bank to continue raising interest rates in an attempt to …

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Kathy C. Thompson sells 5,403 shares of Stock Yards Bancorp, Inc. (NASDAQ: SYBT)

Stock Yards Bancorp, Inc. (NASDAQ: SYBT – Get a rating) Executive Vice President Kathy C. Thompson sold 5,403 shares in a trade dated Friday, July 29. The stock was sold at an average price of $69.00, for a total transaction of $372,807.00. Following the transaction, the executive vice president now …

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Live update: UK manufacturing falls to lowest level since June 2020

This week, the Conservative leadership race caravan is moving from parliament to members across the country. Ballots are expected to land on the doormats of 150,000 Conservative Party members in the coming days, while runners-up Liz Truss and Rishi Sunak face off in another televised debate on Sky News on …

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What is the Hong Kong Dollar Peg and Why It Matters

Comment this story Comment Anchored to the US dollar since 1983, the Hong Kong dollar is generally a dull currency. Except when it’s not, like this year. When the US Federal Reserve began raising interest rates in March to combat historically high inflation, outflows from the Hong Kong dollar market …

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