Month: June 2021

Viewsroom: Wall Street is open again and booming

A Wall Street sign is seen in New York City, New York, U.S., October 26, 2020. REUTERS/Mike Segar

NEW YORK, June 24 (Reuters Breakingviews) – From Morgan Stanley to BlackRock, the world’s top investment banks and money managers are back in their offices and super busy with mergers, IPOs, LBOs and other activities thumping. Plus, Soho House and Wise go public and green hydrogen megalomania on the Congo river.

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Editing by Freddie Joyner and Oliver Taslic

Reuters Breakingviews is the world’s leading source of agenda-setting financial insight. As the Reuters brand for

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Sensex Ends Flat, Nifty Holds Above 15,750; Banks, Fmcg Drag; Smallcaps Outperform

Market At Close | Here are the highlights of today’s trading session

– Market Fails To Hold Opening Gains As Banks & RIL Slip

– Sensex Slips From Intra-day Record High Of 53,057 To Close Near Flatline

– Nifty Banks Falls More Than 530 Pts From Highs; All Constituents Lower

– Sensex Ends 32 Points Lower At 52,542 & Nifty 26 Pts Higher At 15,773

– Nifty Bank Slips 126 Points To 34,745 & Midcap Index 28 Pts To 26,733

– Market Breadth Remains In Favour Of Advances; Advance-Decline Ratio At 3:2

– Auto Stocks Gain On An Expectation Of

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5,200 youths receive loans of N1.6 billion so far |

The Ministry of Youth Sports Development has disclosed that it has disbursed the sum of N1,629,220,000.00 under the Nigeria Youth Investment Fund (NYIF) to 5,200 youths so far.

This was disclosed by the Ministry on Sunday in its recent loan update to the NIRSAL Micro Finance Bank (NMFB), citing that 25,000 youths would soon receive loans as soon as it receives approval.

Highlights of the update:

  • Total eligible applications approved stood at 6,054 out of which the 5,200 disbursements were made, leaving the number of those that have been approved but yet to get disbursement, at 854.
  • The number of
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Report of the Task Force on Financial Stability

Following the Global Financial Crisis of 2007-09, the U.S. and other economies shored up the resilience of their banks through more demanding capital and liquidity requirements and rigorous stress testing. The disruptions of financial markets at the onset of the pandemic in March 2020 underscored the vulnerabilities of markets and institutions that comprise the important—and growing—nonbank sector of the financial system through which much credit to businesses, households, and government flows.

The Task Force on Financial Stability was formed before the pandemic, in October 2019, by the Hutchins Center on Fiscal & Monetary Policy at the Brookings Institution and the

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