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Indian Exchanges Move To T+0: Up Next Is Real-Time Settlement

Global Finance

The sped-up settlement cycle is a step up from India’s previous one-day settlement system. Indian exchanges started T+1 in 2021 with a similar phase-in, starting with blue chips, and was fully implemented by early 2023. US exchanges are transitioning to T+1 from a T+2 cycle.

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Barry Diller Ends Talks to Sell The Daily Beast

NYT M&A

Diller said he had considered combining The Daily Beast with Ankler Media, a start-up co-founded by Janice Min, a longtime magazine editor.

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Regulation Struggles To Keep Pace With Global Gig Economy

Global Finance

Some municipalities in Argentina and the US, for example, are starting to offer subsidies for incoming remote workers. Some countries are clamping down, but others are opening up,” says Andrew Jernigan, CEO of Insured Nomads. They’re saying, ‘Please come and spend your money here.’”

Start-ups 126
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Building Trust: Q&A With BBVA’s Clara Higuera

Global Finance

Clara Higuera: When clients start facing difficulties in repaying loans, this is a double problem—for the customer and for the bank. One model, for example, predicts the probability that a client will start facing difficulties—e.g., being unable to repay a loan—even when they are up to date with payments.

Banking 52
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Corporations Offshoring Office Hubs From US To Southeast Asia

Global Finance

Singapore began to see more big companies building up their presence there after about 2015, when higher labor costs started in China, Luby notes, and the subsequent trade and political tensions have only accelerated the shift, which continues. That said, it is easy to read too much into present trends, Luby cautions.

Start-ups 105
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Argentina: Breathing Space?

Global Finance

Yet, opportunities within traditional sectors are opening up this year following a slew of initial shock-therapy measures implemented by the country’s controversial President, Javier Milei. If Milei’s moves are successful, the traditional sectors can start exporting more and generate the reserves required to further shore up the economy.

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Sri Lanka: Recovery Takes Hold

Global Finance

To say that Sri Lanka has seen its ups and downs lately is a bit of a perennial. The latest such episode started in 2019 with the ongoing debt crisis, followed by a currency collapse and, in 2022, the fall of the scandal-ridden government of Rajapaksa. billion in gross official reserves at the end of April, up from $4.4

Banking 105