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By Siddhi Nayak India has asked state-owned banks to intensify efforts to garner foreign currency deposits from the 35-million-strong diaspora, as the country seeks to boost its external buffers and shore up the flagging rupee. In a meeting held Monday, Finance Minister Nirmala Sitharaman urged government-run lenders to step up…
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Statistical Notices update the definitions and guidance contained in the Banking Statistics Yellow Folder
An influential development family has scored a refinancing in Queens. The Chetrit Group secured an $80 million refinancing loan on a warehouse at 57-18 Flushing Avenue in Maspeth, Queens, according to sources familiar with the deal. Maxim Capital Group and SL Green provided the financing in a three-year deal. Iron Hound arranged the transaction. The…
Eight out of 10 first-time buyers in London pay stamp duty, compared to fewer than one in 10 in the North of England, new analysis has found. Zoopla looked at first-time buyer enquiries to properties listed by estate agents and housebuilders across the country and calculated stamp duty based on the asking price. Across England…
AI isn’t replacing engineers so much as reshaping who else gets hired. New data from SignalFire shows software engineers make up 55% of hiring at major tech companies, up from 46% in 2019, even as overall hiring remains below pre-pandemic levels. Other functions are shrinking faster. While engineer hiring is down 11% since 2019, design…