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Indian
RBI holds interest rates steady, projects 7.8% GDP growth for 2022-23
Shaktikanta Das,governor, Reserve Bank of India The monetary policy...
Atal Pension Yojana subscriber base crosses 71 lakh
''As per information received from PFRDA, 71,06,743 subscribers...
New India Assurance pays Rs 808 cr to kin of 1,616 healthcare workers who died of COVID-19
Union Health Minister Mansukh Mandaviya Managed by state...
Sanjay Malhotra appointed as DFS Secy
Malhotra's s appointment as the Financial Services Secretary...
International
China vows support for Hong Kong as Financial Hub
Global dividend plunge to be worst since financial crisis
Global dividend payments plunged $108 billion to $382 billion in the second quarter of the year, fund manager Janus Henderson has calculated, equating to a 22% year-on-year drop which will be the worst since at least 2009.
All regions saw lower payouts except North America, where Canadian payments proved to be resilient. Worldwide, 27% of firms cut their dividends, while worst affected Europe saw more than half do so and two thirds of those cancel them outright.
“2020 will see the worst outcome for global dividends since the global financial crisis,” Janus Henderson said in a report published on Monday.
Hedge Fund collects $3 billion as wildfire insurance claims
The payout yielded Baupost’s biggest profit generator last month and represented a sizable markup from what the firm had anticipated, it told investors Thursday. The fund bought $6.8 billion of subrogation claims against PG&E.
In a subrogation claim, an insurer sells the right to sue to recoup damages suffered by policyholders. Insurers offer the claims at a discount to investors in return for the certainty of being paid upfront.
Tougher EU climate target technically, economically feasible, researchers say
EU countries, which must approve the new climate target, are divided. Western and Nordic countries back the more ambitious level and eastern nations refuse to consider bigger cuts before seeing an assessment of the costs.
The researchers said there is “no credible pathway” towards a 55% target for 2030 without a bigger contribution from states such as Poland and Czech Republic that say the economic fallout from the COVID-19 pandemic will make climate goals more challenging.
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