Mon, Nov 30, 2020 1:55 PM
LVB customers to get same deposit rates till further notice, says DBS
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It’s official at last: the Age of Bogle is over.A half-century after John “Jack” Bogle founded Vanguard Group, the roughly $9 trillion fund giant is doing what once would’ve been unthinkable: hiring an outsider as its chief executive officer. And from archrival BlackRock Inc., no less.To many, the House of Bogle handing the reins to Salim Ramji, a longtime BlackRock executive once considered.
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The Chinese gold rush is a stark reminder of investor behavior when market and economic cycles turn. Gold consumption in China has increased by over 6% this year despite higher prices. The Chinese central bank has exchanged some of its dollars for gold as it ran down its US Treasury holdings at a brisk pace—around $350 billion in the past two-three years.
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KIMS Hospitals reported a 29 percent fall in consolidated net profit at Rs 65.4 crore for the March quarter of the financial year 2023-24.The company earned net profit of Rs 93.2 crore in the same period a year ago. Revenue for the quarter increased by 10 percent to Rs 634 crore, the multispecialty hospital chain that operates in Andhra Pradesh and Telangana said.
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