Tag Archives: Will

SoftBank’s investments will elbow out other funds from the market

Masayoshi Son, president and CEO of Softbank, delivers his keynote speech at Mobile World Congress in Barcelona, Spain, February 27, 2017(REUTERS) The New York Times reported on July 25 that SoftBank Group Corp. is considering a “multi-billion dollar investment” in ride-hailing service Uber Technologies Inc. The report said talks between the two companies were still at a preliminary stage. SoftBank already has ... Read More »

I just drove the Tesla Model 3, and it changes everything – the entire world will want this car

Tesla has been promising a great electric car for the masses since its founding, and on Friday that car finally arrived. Before a handoff of the first 30 Model 3’s to owners at Tesla’s factory in California, I got to spend about fifteen minutes behind the wheel of thelatestt car of the future (I had been given a short ride ... Read More »

Carmakers say fossil-fuel vehicle ban will dent industry and stall sales

David Bailey, an automotive industry expert at Aston University, said two decades was plenty of time for carmakers to evolve. Photograph: Anna Gowthorpe/PA Britain’s car industry has warned that the government’s proposed ban on sales of new petrol and diesel cars by 2040 risks damaging the industry and stalling sales of new cars. Mike Hawes, chief of executive of the ... Read More »

It’s official, Indian banks’ health will worsen

The Reserve Bank of India is pushing banks hard on NPAs, but the resolution of bad loans will be a long haul. Photo: Aniruddha Chowdhury/Mint Those who have been hoping that the worst is behind the Indian banking industry are a disappointed lot. Going by the Reserve Bank of India’s (RBI) June Financial Stability Report, the risks to the banking ... Read More »

Bank of England: pay figures will fuel raging interest rate debate

Bank of England may be amenable to higher rates of interest. Photograph: Hannah Mckay/Reuters There is more fuel for the raging debate around UK interest rates this week, with official figures on pay growth out on Wednesday. Investors and policymakers alike are looking for any signs that a tight labour market can translate into faster pay growth, a trend that ... Read More »

Will cheap car loans steer Britain to a financial crash?

 The Vauxhall Astra is a favourite among customers of The Car Finance Company. Photograph: Simon Stuart-Miller If you think Britain is teetering on a cliff-edge of impossibly high personal debt, then the website of The Car Finance Company will confirm your worst fears. Maybe you don’t have a job and are on benefits. Maybe you are so hard up you can’t afford ... Read More »

State Bank of India (SBI) cleared on cash transaction charges: Rs 25 will be charged but only …

SPECIAL THINGS 25% charge per withdrawal on withdrawal of money from SBI Bank Big ATM Media reports that SBI would charge 25 rupees for all ATM transactions SBI Bank has given clearance in this regard. New Delhi: Country’s largest bank, State Bank of India (SBI) has made changes in the service charge of some cash transactions related to ATM withdrawals, ... Read More »

The market will ‘continue to see a slow melt-up,’ expert says

While recent market highs may have some concerned about valuations, several experts told CNBC on Friday they expect stocks to move higher, at least for a little while. Both the S&P 500 and Nasdaq managed to eke out new highs Friday, while the Dow Jones industrial average closed just below the flatline to snap a six-day winning streak. “We will ... Read More »

Thousands of Class 12 students will pay the price for government’s botched-up reform of marks policy

Late in April, when the Union Ministry of Human Resources Development announced that officials of 32 state and central boards of education had decided to scrap the moderation of marks – also known as the grace marks policy – from 2017, school teachers across cities felt conflicted. Most agreed that the practice had to go. It involves giving extra marks ... Read More »

This Caribbean Bank Wants Chinese Money No One Else Will Touch

The global campaign against money laundering combined with the Panama Papers made the Caribbean islands of sun, sand and offshore banking a near no-go zone for the world’s biggest banks. So the British Virgin Islands has a solution: a bank to service offshore companies, many of them from China, locked out of the global banking system by HSBC Holdings Plc, ... Read More »