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Central Bank(Bloomberg) -- China’s central bank has advised some regional lenders to curtail their ultra-long bond investments to mitigate risks, people familiar with the matter said.City and rural commercial banks in at least two eastern provinces were instructed in recent weeks to avoid significant exposure to these securities, the people said, asking not to be identified as the information is private. Under the guidance from local branches of the People’…See the Story
PBOC Expands Warning on Bond Investments to Regional Banks
100% Left coverage: 1 sources
Mumbai · Mumbai(Bloomberg) -- Billionaire Mukesh Ambani’s new financial services firm plans to tap Standard Chartered Plc’s India country manager as its chief executive officer of one of its units, according to people familiar with the matter, as it seeks to entrench itself in a nation where demand for credit is growing rapidly.Kusal Roy will join Jio Finance Ltd., the non-banking finance arm of Jio Financial Services Ltd., in the coming weeks, the people said…See the Story
Jio Financial Plans To Tap StanChart Executive As Unit CEO
100% Left coverage: 1 sources
BHP Mega Bid And $10,000 Copper Expose Mining’s Biggest Problem
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Venice, Veneto · Venice(Bloomberg) -- Venice, long plagued by what some observers have described as overtourism, introduced a new fee for day trippers, a world first that’s likely to become a closely watched experiment as cities grapple with how to balance the wants and needs of tourists and residents.Visitors who do not live, work or study in Venice will have to start paying a 5 euro ($5.34) fee on Thursday, for a total of 29 select days, mostly weekends, until mid-J…See the Story
Venice Introduces Daily Fee For Visitors To Combat Overtourism
100% Left coverage: 1 sources