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The Reserve Bank of India (RBI) has decided to close its swap facility for foreign currency non-resident (bank), better known as FCNR(B), deposits one month ahead of schedule as inflows have risen rapidly, with banks already mobilising $52.3 billion under the scheme by August 13. The move comes just about a week after RBI…
The head of Douglas Elliman’s New York City brokerage is stepping down, The Real Deal has learned. Richard Ferrari, who served as CEO of Elliman’s New York City and Northeast operations since 2021, is retiring from his position to take on a role as a senior executive adviser in the region, according to an e-mail…
As it looks to expand in India, Philanthropy Asia Alliance (PAA), an Asia-focused collaborative philanthropy initiative by Singapore-based Temasek Trust, announced support for two India-based impact ventures on Tuesday: Rocket Learning, an early age education project; and Frontier Innovations’ She Leads Bharat: Udyam, a digital-first model that connects rural women shopkeepers with rural commerce platform,…
Iran warns against new escalation by US and allies
This article was written by Follow I am a full-time equity analyst and the co-founder of Mina Vista Capital Management, a hedge fund that my business partner, William Hazen, and I started. I look for long-term investment opportunities with a focus on fundamentals. I’ve done extensive research on industries such as SaaS, technology, semiconductors, luxury,…
Morgantown, WV, Syracuse, NY and Tuscaloosa, AL, lead U.S. college towns in home-price growth, all posting double-digit year-over-year climbs. The most expensive college towns—Santa Barbara, CA, Boca Raton, FL and Flagstaff, AZ—are seeing home prices fall. The least expensive college towns—Dayton, OH, Syracuse, NY and Mount Pleasant, MI— all have a median home sale price…