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Hong Kong sits in the ‘danger zone’ for a fresh financial crisis

“Hong Kong, on the other hand, will be creating history if it is to avoid a financial crisis, at least based on the model” writes David Scutt for businessinsider.com. When they breach a predefined level, they trigger an early warning indicator for a potential financial crisis within three years.Those with red markings indicate that a financial crisis occurred. Source: businessinsider.com Share This:

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Nomura secures Rahul Darbari as Head of Asia FX Options

“Nomura, a Japanese investment bank, has appointed forex veteran, Rahul Darbari, as its head of Asia foreign exchange options” reports financemagnates.com. According to a report from FX Week, Darbari will report to Nagaraj Pangal and Asa Atwell, the global co-heads of FX options at Nomura.Whilst working for the bank, Darbari was based in Singapore. Source: financemagnates.com Share This:

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Sri Lanka’s prime minister says his country isn’t nearly as vulnerable as others claim

“The higher number could also be due to officials using a broader measure of external debt” writes Sri Jegarajah for cnbc.com. Both took particular exception at Nomura’s initial short-term external debt estimate of $160 billion, a figure Nomura later admitted was inaccurate.Sri Lanka’s government debt remains high at around 77 percent of GDP. Japanese bank Nomura Holdings on Monday identified Sri Lanka as one of 30 emerging markets most susceptible to an exchange rate crisis, a claim vehemently denied by Sri Lanka’s central bank and Wickremesinghe, who called it “false.”.…

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Twitter upgraded after shares lose a third of their value from June high

“Monthly active user patterns have been harder to estimate with ongoing efforts to clean up the platform,” Kelley wrote” writes unknown author for cnbc.com. Wall Street’s expectations for Twitter have been appropriately reset as evidenced by the recent nosedive in the company’s stock, according to Nomura Instinet, which upgraded shares to neutral from reduce on Tuesday.”We see several key positives underway but also some unanswered questions that need to be examined as the company moves forward,” he added. Despite Twitter’s efforts to purge fake accounts from the site to improve…

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U.S. top court rejects Nomura and RBS appeal in mortgage-backed securities case

“The lawsuit was one of 18 brought by the FHFA that year over some $200 billion in mortgage-backed securities that banks sold Fannie Mae and Freddie Mac” writes Midwest Communications Inc for 95kqds.com. The banks later agreed to pay another $33 million for costs and attorneys’ fees, subject to the outcome of their appeal.Following a non-jury trial, U.S. District Judge Denise Cote ruled in 2015 against Nomura, which sponsored $2 billion of securities sold to Fannie and Freddie, and RBS, which underwrote four of the deals. Source: 95kqds.com Share This:

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Nomura: Japanese Investors Bullish on the Dollar and Domestic Equities

“The bullish sentiment of the survey participants with regard to the US dollar could be viewed as somewhat surprising” reports financemagnates.com. Despite their bullish view of the dollar, investors were still extremely keen on Japanese equities as a source of investment.The results show that approximately 41 percent of survey participants chose the dollar as the most appealing currency to invest in. Source: financemagnates.com Share This:

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Nomura files application for securities company in China

“The financial services giant said it applied to the China Securities Regulatory Commission (CSRC) to establish a securities JV. The application was filed on May 8, 2018” reports financefeeds.com. Nomura plans to make detailed preparations for the securities company subject to discussions with the CSRC and other relevant parties.China has just reiterated its appeal for financial services companies, as Nomura Holdings Inc (TYO:8604) today confirmed that it aims to set up a joint venture securities firm there.Today, Mizuho Bank, Ltd. said it signed a Comprehensive Cooperation Agreement regarding commercial banking with the…

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The Belt and Road initiative may be risky, but Citi still sees big opportunities

“Warnings of financial risks may be sounding on China’s Belt and Road Initiative, but global banks are still seeing a promising opportunity” writes unknown author for cnbc.com. For investors, there are “multiple levels” of potential opportunities, Merlino said, highlighting infrastructure and activities surrounding major projects under the plan.In an interview with CNBC, Marc Merlino, Citi’s global head for its global subsidiaries group, said there are opportunities for not just banks, but institutional and corporate investors.”It’s the opportunities for micro infrastructure beyond the core projects. Source: cnbc.com Share This:

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