Good morning and welcome to Insider Finance. I’m Dan DeFrancesco, and here’s what’s on the agenda today: Junior bankers are fed up after a year of working from home.  What Wells Fargo and Morgan Stanley are telling their incoming summer interns. We mapped out SoftBank’s web of tech investments that amounts to more than $100 billion. Here’s a recap of […]

While consumers feel that petrol pinches directly, diesel hurts indirectly, as it is an input in almost all the goods and services we use. Diesel, the most used retail fuel by almost all commercial sectors of the economy, is slowly crawling towards a record Rs 90 per litre in Mumbai. A gradual increase in retail fuel prices was expected, as […]

The bone of contention between the two sides relates to changes in the purchase terms. A UK high court has ruled in favour of Canadian aircraft manufacturer De Havilland in a contractual dispute with SpiceJet, saying that it is entitled to recover $42.9 million in liquidated damages from the airline. The court gave this ruling after De Havilland sued SpiceJet […]

MILAN/SYDNEY (Reuters) – World shares dipped on Monday as the U.S. Senate’s passage of a $1.9 trillion stimulus bill put fresh pressure on Treasuries and tech stocks with lofty valuations, raising inflation jitters.FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, March 2, 2021. REUTERS/StaffThese concerns overshadowed the prospect that stimulus […]

In India, it is not easy to fight it out with the large banks which are nimble-footed and technology-savvy and are continuously innovating on the retail turf with newer products for customer acquisition. Citibank NA, the largest foreign bank in India by assets and profits, may close down its consumer banking division. A Bloomberg report on February 20 says the […]

SINGAPORE (THE BUSINESS TIMES) – DBS Group’s chief executive Piyush Gupta saw his pay fall 24 per cent to $9.18 million in 2020 as the Covid-19 pandemic took a bite out of bank earnings, according to the bank’s annual report on Monday (March 8). His total compensation in 2019 was $12.13 million, which equates to a reduction of about $2.94 […]

Off the court, the NBA All-Stars could not attend parties, host clinics or even enjoy dinner at a restaurant. On the court, the NBA All-Stars still brought energy and excitement through the same methods that have become familiar in other showcase games. Giannis Antetokounmpo threw down endless dunks. Damian Lillard and Steph Curry drained endless 3-pointers. Neither All-Star team played […]

SYDNEY (Reuters) – Asian shares rallied on Monday while the dollar held near three-month peaks after the U.S. Senate passage of a $1.9 trillion stimulus bill and a surprisingly strong payrolls report augured well for a global economic rebound.FILE PHOTO: A man wearing a protective face mask, following an outbreak of the coronavirus, talks on his mobile phone in front […]