Financial Institutions targets 200 to 300 bps positive operating leverage in 2027 plan while approaching 55% efficiency ratio
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Petrol rises to Rs377.91, diesel approaches Rs400
The government has increased petrol and high-speed diesel prices, pushing diesel close to Rs400 per litre. Petrol prices rose by Rs1.85, while diesel increased by Rs1.75.
Daiwa House Logistics Trust proposes to divest DPL Sendai Port, buy Hiroshima facility
The acquisition consideration for DPL Hiroshima Itsukaichi Port stands at some 8.2 billion yen
- Daiwa House Logistics Trust proposes to sell DPL Sendai Port for 13.5 billion yen
- Buys DPL Hiroshima Itsukaichi Port for 8.2 billion yen at 16.7% discount
- Trust aims to boost portfolio occupancy to 96.9% and increase distribution per unit
India's forex kitty shrinks by $1.27 billion as gold reserves slide
In the week ending October 23, India witnessed a decline in foreign exchange reserves, dropping by $1.269 billion to a total of $719.748 billion.
EU to impose €2 fee on all packages entering the bloc as of 1 November
A €3 fee also came into force in July, leading to a 60% drop in small parcel imports over three months. The new rules aim to counter imports from Chinese platforms, whose low prices threaten European…
Japan: Goods inflation risks stay upside – Societe Generale
Societe Generale economists Reo Sakida and Jin Kenzaki note that food inflation continued to ease in October's Tokyo CPI data, while oil-related goods inflation edged higher.
Lagos-Calabar Highway targets 250,000 Jobs, 2% GDP growth, Tinubu says
President Bola Tinubu says the Lagos-Calabar Coastal Highway could contribute 2% to Nigeria’s Gross Domestic Product (GDP) through expanded trade, tourism and industrial activity, while generating an…