Around half of global candidates pass CFA June exam
The number of mainland Chinese candidates sitting the Chartered Financial Analyst (CFA) exams once again exceeded those in the US, with 152,000 people sitting the exams globally.
India
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India’s Reliance Nippon Life eyes M&A for distribution push
Indian life company Reliance Nippon Life Insurance is looking to expand its distribution network through a series of takeovers of bank-owned life insurers, a top company official told analysts.
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Non-resident Indians face tough new disclosure rules
Non-resident Indians around the world will have to disclose offshore bank account details in tax returns for the first time this year, as part of a tough transparency crackdown by their home country’s tax office.
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The best investment opportunities as India’s Nifty 50 soars
India’s Nifty 50 index has been steadily climbing this year, hitting an all-time high of 9,675 earlier this month, but can it breach the 10,000 barrier?
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India’s return to favour as an investment destination
Domestic reforms and global growth are opening India back up as an investor hotspot and Neptune India Fund manager Kunal Desai believes this is India’s new dawn and the recovery of its corporate earnings is just the beginning.
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Standard Life posts £5m loss in Hong Kong amid global job cuts
Standard Life lost £5m (€5.9m, $6.4m) last year from its wholly-owned business in Hong Kong as it confirmed that more than 800 jobs will be lost after it merges with Aberdeen Asset Management.
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India’s largest bank to sell life unit stake in IPO listing
India’s largest lender, the State Bank of India (SBI), has announced that it is looking to sell a 10% stake in a life insurance joint venture with SBI Life, as it prepares to launch an initial public offering (IPO).
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WisdomTree adds India smart beta Ucits ETF to range
WisdomTree has launched accumulating and distributing share classes of its India Quality Ucits ETF (EPIQ), which offers smart beta exposure to Indian stocks with a focus on above average returns on assets (ROA) and return on equity (ROE).
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Countries travel at different speeds in global ethics journey
Integrity in finance is a global concern but the ethics journey differs country to country, say key members of the Chartered Institute for Securities & Investment (CISI).
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India increases commission rates for life insurance brokers
Insurance brokers in India are set to receive higher commissions payments for selling life insurance policies, in proposals unveiled by the country’s regulator due to come into force in April.
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India the biggest concern for emerging markets, says Mobius
November’s surprise ban of large currency bills in India is one of the greatest single-country risks in emerging markets, Mark Mobius, executive chairman of the Templeton emerging markets group, told our sister publication Fund Selector Asia.
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Fiscal policy could drive Asian equities in 2017 – BlackRock’s Swan
A transition from monetary to fiscal policy, progress on reforms in the region and low valuations make Asian equities attractive in 2017, said Andrew Swan, head of Asian equities at Blackrock in Hong Kong.