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REGIONAL BANKS IN JAPAN TO RECEIVE ADDITIONAL INTEREST OF 0.1% BY BOJ
Highlights –
- Regional banks in Japan to receive additional interest of 0.1% by BOJ.
- BOJ to provide additional interest on the balance of current account deposits.
- BOJ would pay up to 50 billion yen a year to regional lenders. <...
RBI DIRECTS YES BANK'S IBU TO STOP ACCEPTING FOREIGN CURRENCY DEPOSITS
Highlights
• The Mumbai-based private sector lender is hoping to raise Rs 15,000 crore with the help of the FPO
• The letter dated May 22, the RBI asked IBU to comply with the restriction within the period of 12 months
• The RBI on many instances had f...
EXPERTS FORECAST AN INEVITABLE SHALE DECLINE AS OIL PRICES REACH ALL-TIME LOW
Highlights:
• The U.S. shale industry continues to show signs of rapidly slowing down over the weeks.
• Production declining in major shale basins outside of the Permian reported by sources.
- Overwhelming economic st...
EQUINOR DISCONTINUES CONTROVERSIAL OIL DRILLING PLANS ON GREAT AUSTRALIAN BIGHT
Highlights:
- On Tuesday, Equinor claimed a review of its global exploration portfolio pointed towards better opportunities for new fields elsewhere.
- Equinor has decided to scrap out its plans to drill the Stromlo-1 exploration too because the opportuni...
JAPANESE FOOD BUSINESS OWNERS ARRESTED FOR ILLEGAL PRACTICE
Highlights:
- Kefir is a food business initiative that was run on the mail-order service
- The company had previously in 2018 filed for bankruptcy
The third week of February witnessed 9 people getting arrested under charges of illegal pr...
Ujjivan Small Finance Bank IPO, which will open on 2 December
Ujjivan Small Finance Bank's initial public offering (IPO) is expected on December 2 to be made available for subscription.
In the current 2019–20 financial year, this would be the 12th company to start the IPO mainboard. On 4 December the matter will stop.
Approval ...