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Profile Of Chairman UB Group And Kingfisher Airlines Vijay Mallya

Kingfisher Airlines, Grant Thornton India Under SFIO Probe Over 'Inflated Valuation'

Serious Fraud Investigation Office (SFIO) has been probing on Vijay Mallya's Kingfisher Airlines and Grant Thornton India regarding the 'inflated valuation' that reached over Rs 4,000 crore. The valuation came out just as the airline company is dealing with a cash crunch with previous loans considered to be non-performing assets.

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Facebook CEO Mark Zuckerberg At IIT Delhi

Facebook sees growth in Asia despite India's ban on Free Basics

Facebook Inc is bullish on Asian market potential. Recently, Facebook's Free Basics service has been banned by Telecom Regulatory Authority of India (Trai). Despite this jolt, Facebook is still optimistic about adding number of users as the region is recording much faster growth rate than other parts of the world.

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Governor of Central Bank of Bangladesh Atiur Rahman talks to press in Dhaka

Bangladesh Bank Governor Resigns Over Biggest Ever Cyber Heist Scandal

The Bangladesh Bank Governor has tendered his resignation to the country’s prime minister following cyber theft of $81 million. He claims to remain in dark till the news got published in the media. The theft incident has turned an end to his seven years’ tenure as the central bank governor which has been dedicated to alleviation of poverty.

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A taxi driver is using Didi Dacha App while driving on the...

China Will Regulate Ride Hailing Services while Indonesia Plan to Ban Them

China will try to draw up rules to regulate ride hailing service as the market has grown very big. Meanwhile Indonesia transportation minister plan to ban Uber and GrabTaxi.

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Bank of Japan Governor Haruhiko Kuroda Speaks At The Yomiuri International Economic Society

Japan's banking woes may hit global markets

The turbulent situation Japan's banking sector is likely to impact global markets. A leading hedge fund manager says that collapse in the Japan's banking industry blindsides the market, while shrugging off any possibility of banking crisis in the world's third largest economy.

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Bank of Japan Adopts Negative Rates

Bank of Japan To Stick In Negative Interest Rate Policy, Reversion Likely In April

Through a surprise move, Bank of Japan has adopted negative interest rate aiming to force the banks in investment. Meanwhile, the negative economic outlook has compelled the commercial banks to squeeze their investment portfolios while diminishing the BOJ move. Analysts have forecast for unchanged monetary policy in Tuesday’s meeting while predicting for a major change in April.

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A KTBNetwork Co. employee walks past the company's logo in S

Korean Venture Capital Firms Gaze at Overseas Biotech Companies

South Korean venture capital firms are eyeing overseas biotech industry to accelerate investment goals. At the sametime, tech startups in Korea also began to flourish.

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Trading On The Floor Of The NYSE As U.S. Stocks Join Global Rally While Investors Embrace ECB Measures

Global stocks soar on rising investor confidence

Global stocks rose further as increased investor confidence propelled buying support. Investor confidence has been strengthened after the announcement of European Central Bank's stimulus plans and encouraging US economic data.

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Bank of Japan Governor Haruhiko Kuroda Speaks At The Yomiuri International Economic Society : News Photo CompEmbedShareAdd to Board Bank of Japan Governor Haruhiko Kuroda Speaks At The Yomiuri International Economic Society

Japanese regional banks up lending on auto, holiday spending

Japan's regional banks are enhancing unsecured retail lending as it offers high profit margins. Loans on mortgage and small firm borrowing are declining. Japan banks are suffering from ultra-low interest rate regime to increase revenues.

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Stocks Rally Over 200 Points

US Presidential elections, China economy setting tone for markets

Global markets have been moving in tandem with state of Chinese economy and US Presidential elections these days. After rebounding in the previous month, the global markets are waiting for next level triggers from US elections and stimulus plans on China's economy.

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PHILIPPINES-POLITICS-VOTE-POE

Philippine President Hopefuls’ Tricky Stance On Relationship With China Amid Territorial Dispute

Sino-Philippine relationships have been witnessed to hit the bottom during the regime of existing president. Presidential candidates for the upcoming elections find difficulties in maintaining balance with national sovereignty and trade relations with neighboring China. However, all the candidates have committed to uphold sovereignty while maintaining better trade relations with China.

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JAPAN-CLIMATE-WARMING-COP21-HYDROGEN

Toyota Targets Zero Emissions, Collaborates with Toshiba Corp, Iwatani Corp and Local Government for Hydrogen Fuel Cell

Toyota has been working with the local government along with Toshiba Corp. and Iwatani Corp. regarding hydrogen fuel cell. Hydrogen will be taken from the wind-power plant in Yokohama Hama Wing that will be compressed and delivered by a truck.

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Blackstone Group Chief Executive Officer Stephen Schwarzman Speaks To Economic Club Of Washington

Chinese Insurer Anbang To Acquire Strategic Hotels & Resorts For $6.5 Billion From Blackstone Group LP

China has been acquiring foreign assets desperately ahead of turbulent economic situations. It has acquired assets for around $84 billion during this year compared to last year’s $108 billion. Anbang has reached an agreement acquiring Strategic Hotels & Resorts for $6.5 billion from Blackstone Group LP which is the latest bout of China’s acquisition spree.

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Indian Banks Shoot

ICICI Bank Ltd. Funds Increased as World Asset Management Inc. and Other Hedge Funds Added Stakes

World Asset Management Inc increased its stakes in ICICI Bank Ltd thus increasing the bank’s fund. The bank will now have sufficient funds to lend to eligible borrowers who want to have their own business and houses.

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Iron and steel materials on a construction site. China.

China's banking regulator warns of risks from overcapacity, seeks limits on lending

China Banking Regulatory Commission (CBRC) has warned of risks from industrial overcapacity. CBRC has advised commercial banks and financial institutions to keep limits on lending exposure as it sees a need for setting up investment pilot projects and asset securitization to enhance cash flows.

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