Gold Silver Reports (GSR) – Saudi Arabia Emerging-Market Tag Comes With Sobering History — The Saudi stock benchmark advanced to the highest since 2015 last week before FTSE Russell said it’s classifying the country as a secondary emerging market, with actual inclusion set to happen in stages starting a year from now. MSCI Inc., which has more investors tracking its emerging-market indexes, may make a similar decision in June.
Russia Detains Tycoon Magomedov Over Suspected Fraud
Gold Silver Reports (GSR) – Russia Detains Tycoon Magomedov Over Suspected Fraud — “All of the allegations against me don’t stand up to logical criticism,” Interfax reported Ziyavudin Magomedov as saying in court. He’ll appeal his arrest, his lawyer, Alexander Vershinin, was cited as saying.
India’s Forex Reserves Hit a New High
Gold Silver Reports (GSR) – India’s Forex Reserves Hit a New High — RBI data showed the reserves rose $1.2 billion in the week to March 23. The improved overseas dollar inflows in March reversing February’s trend of outflows has helped accumulation of reserves, forex dealers said.
CBI Registers Three FIRs In Rs 743 Crore Bad Loans In IDBI Bank
Gold Silver Reports (GSR) – Bad Loans In IDBI Bank — The agency has named three accused persons–BK Sahoo, retired deputy general manager of the bank, R Damodaran, and the then DGM Battu Rama Rao–who are common in all the three First Information Reports.
Trump Says He May Delay South Korea Trade Deal Until North Korea Is Resolved
Gold Silver Reports (GSR) – Trump Says He May Delay South Korea Trade Deal Until North Korea Is Resolved — “I may hold it up until after a deal is made with North Korea,” Trump said Thursday during a speech in Richfield, Ohio. “You know why? Because it’s a very strong card and I want to make sure everyone is treated fairly and we’re moving along very nicely with North Korea.”
TPG Said to Pursue Stake in $500 Million Thai Fertility Hospital
Gold Silver Reports (GSR) – TPG Said to Pursue Stake in $500 Million Thai Fertility Hospital — TPG stepping up Asia health-care bets amid growing affluence – TPG is in talks to buy a stake in a Thai hospital specializing in fertility treatments, according to people with knowledge of the matter.
Questions Yet To Be Fully Answered By ICICI Bank
Gold Silver Reports (GSR) – Questions Yet To Be Fully Answered By ICICI Bank — Towards the end of his brief statement, which mirrored the ICICI Bank board’s press statement issued yesterday, ICICI Bank Chairman MK Sharma listed a few questions received by bank from various media and offered some responses.