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Here is a masonry blog layout with no sidebarAustralia regulator seeks to understand financial risks of climate change
Seoul worst hit as Asia markets plunge on virus worries
“While the coronavirus is probably slowing in China, it is speeding up elsewhere,” Charles Gillams, at RJMG Asset Management, said. “Its impact on Chinese business is already deep. So, whether that has a one economic quarter impact — of some severity — or is a bigger issue remains unclear and indeed we won’t know for while.”
Health Ministry mulling to increase legal age for tobacco consumption
Washington pledges $1 billion for coronavirus vaccine as pandemic risks grow
Centre pays Rs 50,850 crore to farmers under PM-KISAN scheme
-The scheme was launched to provide income support to all landholding farmers’ families across the country and enable them to meet expenses related to agriculture as well as domestic needs, it added.
-Total number of beneficiaries covered under the scheme is about 14 crore, based on estimates of the Agriculture Census 2015-16.
Need to enhance global risk monitoring, says Nirmala Sitharaman at G-20 meet
FPIs remain bullish on India; invest Rs 23,102 crore in February so far
Berkshire Hathaway 100% ready for my departure: Warren Buffett
-Along with Microsoft co-founder Bill Gates and his wife Melinda Gates, Buffett in 2010 launched the “Giving Pledge,” in which billionaires promise to give at least half their wealth to philanthropic causes,
=Berkshire Hathaway has holdings in companies including American Express, JPMorgan Chase and Goldman Sachs. It is also active in sectors like insurance, through Geico; rail, with BNSF; and energy, via PacifiCorp,
-Forbes said in its rankings last year that Buffett was worth $82.5 billion.
Warren Buffett touts wind energy following climate-change criticism
Companies are facing mounting pressure to detail their environmental impacts. Earlier this year, BlackRock Inc.’s Larry Fink said climate change is likely to upend global finance sooner than expected. It’s not the first time Buffett has cited the Iowa wind push: At Berkshire’s annual meeting last year, he brought it up when asked how his conglomerate scores on environmental, social and governance factors.
Mega bank consolidation: Meeting April 1 deadline appears challenging
It is believed that the Prime Minister’s Office (PMO) has sought details from these lenders about their financial projections for the next three to five years. Details in respect of NPAs, capital requirement, credit growth and cost savings on account of the mergers have been asked for, officials said.
India needs to remove growth impediments to achieve $5 trillion economy:CEA
The Arthashastra stresses on ethical ways of creating wealth, he said, adding that we need to focus on creating trust in the markets as well. If governance standards have to be increased in the country, there has to be a greater focus on disclosing related-party transactions, the CEA said. The comments come in the wake of frauds like the one at non-banking lender DHFL.
Malaysia and India will see higher Employer-sponsored health care benefit costs in 2020:WTW
The survey also found mental health conditions are expected to become of the most significant cost factors over the next five years. Two-thirds (66 per cent) of insurers expect that behavioural and mental health conditions will become one of the most costly medical conditions and form the bulk of medical expenses other than hospital and inpatient care in the next five years.
China ends 2yr state custody of troubled Anbang Insurance
Authorities took control of the 2 trillion yuan ($285 billion) conglomerate in February 2018 after its former chairman Wu Xiaohui was arrested — and subsequently jailed — for fundraising fraud. They initially set themselves a 12-month timeline to raise cash by jettisoning non-core assets such as luxury hotels, preserve Anbang’s main insurance operations and find strategic investors. That deadline was later extended by a year to Feb. 22.
US lawmakers to introduce bipartisan Bill aimed at internet firms’ Liability shield
How pharma firms are using Blockchain to track down counterfeit drugs
-“The current point-to-point systems infrastructure lacks the ability to keep data in sync across the healthcare supply chain, which ultimately increases the risk of counterfeit, diverted or otherwise illegitimate products,” David Vershure, head of channel and contract management for Roche’s Genentech unit, said in a statement.
-Among the 24 participating companies are Amgen Inc., FedEx Corp., GlaxoSmithKline Plc, Novartis, AmerisourceBergen Corp., Sanofi, Walgreens Boots Alliance Inc. and Walmart Inc.
-The World Health Organization estimates that counterfeit medicines worth 73 billion euros ($79.26 billion) are traded annually.
Investors dump emerging market stocks, hoard bonds amid coronavirus angst
-Investors pulled out $2.7 billion out EM stocks funds BofA’s latest data crunching showed. The sugar-rush into bond funds attracted another $18 billion last week taking the year-to-date count to $130 billion and translating into almost a trillion dollars on an annualised basis.
-That’s twice the record level seen in 2019.