Joe Studwell is a development economist at Africa Urban Lab, a research centre at the African School of Economics, Zanzibar. He is also a founder and director of the Asian research and advisory firm Gavekal Dragonomics. His books include The China Dream, Asian Godfathers and How Asia Works. How Africa Works: Success and Failure on…
“From my experience, most buyers make a move because of life events such as marriage, children, school districts, job changes, or simply needing more space,” he said. “Because those decisions are driven more by timing and personal circumstances than by trying to perfectly time interest rates, spring and summer are typically the busiest homebuying seasons…
The Employees’ Provident Fund (EPF) is a secure, long term investment tool and retirement savings option for salaried individuals in India. You are eligible to open an EPF account if your basic pay and dearness allowance are up to ₹15,000, and you can add the voluntary provident fund (VPF) option if the basic pay and…
Ken Griffin’s hedge fund, Citadel LLC, has been called the most profitable hedge fund in history. It currently manages around $68 billion, and has posted average annual returns of 19.2% after fees since 1990. The fund is highly analytical, employing 260 PhDs who use 100 petabytes of data to make daily trading decisions. The firm…
One of the largest commercial real estate owners in the U.S. is expanding into the Middle East even as conflict scares some investors away. Courtesy of Tishman Speyer Joseph Ghazal is Tishman Speyer’s new global head of growth. Tishman Speyer hired Joseph Ghazal as senior managing director and head of global growth, it announced Thursday. His…
Boeing focused on production, not new orders at Farnborough Airshow
I have transferred ₹5 lakh as a gift to my non-resident Indian (NRI) child’s non-resident ordinary (NRO) account. He has transferred that amount to his non-resident external (NRE) account and subsequently invested it in a fixed deposit, in which the interest is tax-free for him. Are there any income tax consequences to doing this for…
Key Takeaways For people who don’t qualify for checking accounts or prefer to avoid banking, Netspend may be a good option. Cardholders can have checks and cash deposited directly onto their card without having an attached debit account, though fees may add up depending on your activity. There are alternative prepaid card options and even…
Recognise Bank has appointed ex-Starling Bank chief operating officer Julian Sawyer as a non-executive director (NED). In addition to Starling Bank, Sawyer brings a wealth of banking and fintech experience to the board at Recognise Bank, and his previous roles include CEO roles at Zodia Custody and Bitstamp. Recently, Recognise Bank announced that it has…
Several large global central counterparties (CCPs) reported record or near-record measures of liquidity risk in the first quarter, Risk Quantum analysis shows. LCH set highs at both its London- and Paris-based CCPs. At LCH Ltd, the hypothetical largest payment obligation climbed 29.7% quarter on quarter to €38.1 billion ($43.7 billion). At LCH SA, the same…