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Singapores Economic Woes

Singapore’s Economic Recession

Singapore has been a powerhouse of economic growth and icon of modernity and innovation in the East.  As recounted by everyone I met, it has been in recession for the last two years. 525 more words

Calif. hitter Steven Rivas has 11 RBI in game

Steven Rivas of Etiwanda (Calif.) had himself a day.

Rivas finished with 11 runs batted in during a 23-3 victory against Chino Hills.

Rivas had two three-run home runs, a two-run triple and a bases-loaded double, … 25 more words


RBI sets rupee reference rate at 64.5443 against dollar

19/04/2017 14:48

The Reserve Bank of India today fixed the reference rate of the rupee at 64.5443 against the US dollar and 69.1915 for the euro. 53 more words


Will RBI’s Latest Rescue Act Clean the Mess in Public Sector Banks?

Late last week, the Reserve Bank of India(RBI) unleashed yet another weapon to clean up the mess that India’s public sector banks are in. The RBI reviewed and revised the preventive corrective action (PCA) framework for banks. 1,104 more words


RBI allows banks to invest up to 10% of REITs', InvITs' capital

MUMBAI: In a move to boost spending on infrastructure, the RBI on Tuesday allowed banks to invest up to 10 per cent of the unit capital of single… 207 more words

Real Estate News

RBI raises provisioning on telecom loans

In an unusual directive, the Reserve Bank of India (RBI) on Tuesday asked banks to provide higher provisioning for good loans, given to stressed sectors, starting immediately with loans given to the telecom sector. 633 more words

Union Bank's $171 million Wire Fraud - A Wake Up Call 

The Union Bank of India had reported a case of cyber attack on one of its nostro accounts last year on the 21st of July. At that point , the amount remained undisclosed and the breach was said to have happened from an email attachment opened by one of its employees.It was a phishing attack. 248 more words