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Finance & Markets

Purchase of bad loans by ARCs rises 56% in Q1

Asset reconstruction companies bought twenty-six thousand three hundred four crore rupees of bad loans. This acquisition saw a fifty-six percent increase from the previous year's figures. The overall non-performing asset ratio in the banking system continued its downward trend. Banks have been resolving legacy stressed assets for several years now. Transactions are increasingly being settled in…

We haven't written up this one. The Economic Times - Top News has the full story — the link below goes straight to it.

Read the original at economictimes.indiatimes.com →

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Why older people may be left out of KiwiSaver

The Financial Markets Authority fears Kiwis over 65 may not get enough support over managing their funds.

  • Most guidance in KiwiSaver is for higher-net-worth clients, leaving others unsupported.
  • ASB provides free advice sessions six weeks before members can access their retirement savings.

Yen Unlikely to Repeat 2024 Summer Surge as U.S. Rates Stay High

A repeat of the sharp yen appreciation seen in the summer of 2024 is unlikely under current conditions, with persistently high U.S.

  • UBS chief investment officer Daiju Aoki says yen surge unlikely to repeat.
  • High U.S. interest rates and structural pressures make significant yen appreciation challenging.
  • Dollar expected to remain near 155 yen to 157 yen through August to September.

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