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Sebi mulls ways to make commodity markets ‘deeper and safer’

To deepen commodities derivative markets, regulator Sebi is mulling allowing new products and institutional players while an integrated database is in the works for agriculture as well as non-agri products to better understand the domestic and international trends. Through this database, Sebi intends to become a “timely input provider” to the government in commodity market-related matters as any volatility and ... Read More »

Sebi to engage with BSE on avenues to increase F&O volume

Markets regulator Sebi plans to engage with leading stock exchange BSE to explore avenues for increasing the F&O (futures and options) trade volume on its platform. Taking note of the low F&O volumes at the BSE, the board of Sebi has suggested the regulator to engage with the exchange to “explore ways for increasing the volume”. The suggestion was made ... Read More »

Apple to stop security support for ‘QuickTime for Windows’

Technology giant Apple will not roll out security updates for “QuickTime for Windows” after security software company Trend Micro Inc. reported that two new critical vulnerabilities are affecting the software. Trend Micro’s “Zero Day Initiative” released two advisories detailing two remote code execution vulnerabilities that could allow an attacker to gain control of the victim’s system and access larger company-wide ... Read More »

Forget Free Basics, Facebook unveils plans to connect developing nations

After India said ‘no’ to Free Basics and opted for net neutrality recently, the social networking giant Facebook has unveiled two new initiatives to improve internet services for the rural population in the developing countries, including India. Announced at its two-day annual F8 conference in San Francisco, US, this week, the Antenna Radio Integration for Efficiency in Spectrum (ARIES) system ... Read More »

India growth to hold strong; rate cut likely, but not soon: Reuters poll

India’s growth rate is set to remain one of the fastest in the world this year with inflation running just slightly above 5 percent, leaving the Reserve Bank of India (RBI) on the sidelines for at least another six months, a Reuters poll showed on Thursday. The RBI is forecast to cut the repo rate to 6.25 percent in the ... Read More »

Right time to reevaluate fiscal policy: Arun Jaitley at G20

Finance Minister Arun Jaitley on Friday addressed the G-20 Finance Ministers and Central Bank Governors meeting WASHINGTON: Emphasising the need for globally coordinated policy decisions to remedy the global economic turbulence, Finance Minister Arun Jaitley on Friday said that the time is ripe for a reevaluation of the fiscal policy space. “We feel that the efficacy of monetary policy instruments ... Read More »

BRICS moves to establish bank institute, rating agency

BRICS countries on Friday discussed the efficacy of “establishing” a bank institute and a rating agency of their own following the New Development Bank (NDB) becoming fully operational. BRICS finance ministers and central bank governors met here on the sidelines of the annual Spring meeting of theInternational Monetary Fund and the World Bank, for a discussion chaired by Finance Minister ... Read More »

Deutsche Bank Confirms Silver Market Manipulation In Legal Settlement, Agrees To Expose Other Banks

Back in July of 2014, we reported that in an attempt to obtain if not compensation, then at least confirmation of bank manipulation in the precious metals industry, a group of silver bullion banks including Deutsche Bank, Bank of Nova Scotia and HSBC (later UBS was also added to the defendants) were accused of manipulating prices in the multi-billion dollar ... Read More »

Regulators give failed grade to five US banks

Five major US banks have failed to live up to regulatory requirements laid out by Congress after the 2008 financial crisis. The regulations are meant to protect the wider economy should one or more of them fail. After giving the banks failing grades for the strategies they would deploy if they plunged into bankruptcy, regulators on Wednesday gave the banks ... Read More »

World Bank trims 2016, 2017 East Asia growth forecasts, cites risks to outlook

The World Bank trimmed its 2016 and 2017 economic growth forecasts for developing East Asia and Pacific, and said the outlook was clouded by risks such as uncertainty over China’s growth prospects, financial market volatility and further falls in commodity prices. The Washington-based lender now expects the developing East Asia and Pacific (EAP) region, which includes China, to grow 6.3 ... Read More »