One of the most prominent climate activists in India is only 9 years old.
Video courtesy of Licypriya Kangujam
One of the most prominent climate activists in India is only 9 years old.
Video courtesy of Licypriya Kangujam
The Smart Buildings Market will grow by USD 19.17 bn during 2020-2024
(Bloomberg) -- Nomura Holdings Inc. is on a hiring spree to bolster its wealth and fixed income businesses in Asia, key areas for growth at Japan’s biggest securities firm after its latest cost-cutting drive.The brokerage hired about 20 to 25 private bankers from rivals including Deutsche Bank AG and BNP Paribas SA this year and plans to add similar numbers in each of the next two to three years, said Rig Karkhanis, head of global markets for Asia excluding Japan. It also aims to recruit as many as 40 people for fixed income in the next 18 months, he said.Chief Executive Officer Kentaro Okuda’s Asia push comes after his predecessor cut hundreds of jobs around the world to shore up profitability outside of Japan. The move reflects the growing significance of a region where competition for the swelling number of millionaires is heating up and interest rates remain much higher than those of developed economies.“We see the Asia region as becoming more and more important for the global economy,” Karkhanis said in an interview. “Pretty much all of the West is now operating at zero interest rates, and likely to remain at zero interest rates for a long time. The only high-quality yield, so safe yield as it were, is really in the Asian economies.”The firm is seeking to add sales staff and traders for private debt, delta one products -- a type of derivative that’s tied closely to the underlying asset -- and macro business, its biggest revenue generator in the region, he said.In wealth management, the hires will be for Greater China and Southeast Asia, where about half of this year’s additions are based. The bank recently picked up a team from a rival to cover Thailand and Vietnam, Karkhanis said. Nomura has separately hired about 170 people in China’s mainland for a new securities joint venture that’s initially focusing on wealth.Okuda, who became CEO in April, unveiled plans this week to recruit relationship managers in the Middle East and Asia excluding Japan, with a goal to boost assets under management there by five times to $35 billion.Nomura’s Asia wealth business entered Karkhanis’s orbit in April when the bank moved it to the wholesale division from retail. He is seeking to increase its contribution to global markets revenue to 20% in the next two to three years.The Asia and Oceania business is now in its seventh year of profits, underpinned by the global markets operation. Pretax income from the region climbed to the highest in five years in the quarter ended September.Shares of Nomura were little changed on Thursday morning. The stock is down less than 1% this year, having climbed more than 40% from March lows. Bond BoomFixed income revenue from Asia excluding Japan jumped to a record in the first half, thanks to market volatility stemming from the coronavirus pandemic, Karkhanis said. In normal times, the business accounts for about 60% of global markets revenue in the region, followed by equities with 30% and wealth 5% to 10%, he said.Progress on Nomura’s most recent restructuring plan is giving Okuda some room to expand. The firm has achieved most of the 140 billion yen ($1.3 billion) in cost cuts under that initiative, which included exiting U.S. high-yield bonds and shrinking trading in Europe.Having made deep cuts in equities in 2012 and 2013, the firm has been rebuilding its non-cash business in the past two years to about 60 to 80 staff, primarily in derivatives, delta one and prime brokerage, Karkhanis said.Cash equities became profitable as a standalone operation for the first time this year, and there’s a lot of cross-selling in the prime brokerage, equity products and fixed income space, he added. Headcount for that group has been constant at around 150 to 200 in the past few years, he said.“We are not in headcount reduction mode” in cash equities, Karkhanis said. “Cutting the business can affect our ability to grow other areas.”(Updates with shares in the 10th paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Jaws Spitfire Acquisition Corporation (the "Company"), a special purpose acquisition company formed for the purpose of entering into a combination with one or more businesses, today announced the pricing of its initial public offering of 30,000,000 units at a price of $10.00 per unit. The units will be listed on the New York Stock Exchange and trade under the ticker symbol "SPFR.U" beginning December 3, 2020. Each unit consists of one Class A ordinary share of the Company and one-fourth of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share of the Company at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on the New York Stock Exchange under the symbols "SPFR" and "SPFR WS," respectively.
Kyle Schwarber and Albert Almora Jr. became free agents Wednesday when the Chicago Cubs declined to offer contracts to two key players from their historic 2016 World Series championship. While Schwarber, Almora, slugger Jose Martinez and pitcher Ryan Tepera were non-tendered, the Cubs offered 2021 contracts to infielders Kris Bryant and Javier Baez, catchers Willson Contreras and Victor Caratini, and outfielder Ian Happ.
Flowers Foods, Inc. (NYSE: FLO) is voluntarily recalling Canyon Bakehouse Mountain White Bread and Canyon Bakehouse Everything Bagels due to the potential presence of gluten. Consumption of this product by people with a wheat allergy, celiac disease, or gluten or wheat sensitivity may cause adverse health effects or serious allergic reactions.
The latest updates from around Canada as officials try to contain the spread of COVID-19.
Alabama-LSU has in 13 months gone from Game of the Century to not even as interesting as Liberty at Coastal Carolina.
Younique announced a new one-week skincare sale, which started November 30th. Shoppers have the opportunity to save on a new cleansing balm and rose water when purchased together. A 25% discount on all combo orders makes this one of the better sales during Younique's Holiday Bliss event.The cleansing balm and rose water work together to provide a fresh look and feel after each use.Cleansing BalmThe new cleansing balm offered by Younique acts similarly to a makeup remover. The new balm helps clean up the face, by removing makeup, even waterproof products. All ingredients in the cleansing balm keep the skin looking fresh during the process. When cleansing the face or removing makeup, people can run the risk of doing damage to their skin by rubbing too hard or using products with harsh ingredients. All the ingredients in the cleansing balm are safe for all skin types. Some of which are nourishing oils to keep skin feeling its best. After using the cleansing balm, simply rinse it off and follow with your usual cleanser for the best results.Rose WaterRose water has long been used as a way to soothe and refresh skin. A combination of rose extract and essential vitamins can improve a person's skin after just one use. Consistent use as part of a regular skincare routine can provide outstanding benefits for any age.Ingredients in rose water make it one of the most trusted products for all skin types. Rose extract, bitter orange flower extract, sodium hyaluronate can refresh skin at any time during the day. Holiday Bliss Sale Wrapping UpOnly a few more sales remain during the Holiday Bliss event from Younique. Customers can continue to save during this special time of year. Each new deal is available for a short amount of time, so shoppers need to act quickly while supplies last. More on YouniqueYounique is the first direct sales company to pioneer the social media-based business model. Founded by brother-sister team Derek Maxfield and Melanie Huscroft, Younique offers women the opportunity to look and feel great while helping advance the brand's mission to uplift, empower, validate, and ultimately build self-esteem in women around the world. A mission-based company, Younique proudly supports The Younique Foundation with 10% of the profits from the sale of Younique products donated to support survivors of sexual abuse. For more information, please visit Youniqueproducts.com.Jeff HansenDigital Marketing ManagerGood Guy News8016871404
It's a privilege when a transgender person chooses to be their authentic self with you. Here's how family and friends can be supportive while educating themselves, too.
Led by 21 points from Isaiah Livers, Michigan basketball beat Ball State, 84-65, to improve to 3-0 this season.
As of now, most Bay Area hospitals are not planning to cancel elective surgeries, and doctors are reminding the public not to delay care or be afraid to come into their hospitals for other potentially life-threatening medical issues.
In its latest report 2020 White Paper of China Automotive Aftermarket, Deloitte highlighted several core insights that shaped and continues to transform this fast-growing sector, as well as future developments to watch. The report not only covered trends in China's automotive aftermarket and insights on consumers' online maintenance behavior, it also discussed how rapid digitalization has contributed in an influx of tech firms entering the auto aftermarket. The rise of the vertically integrated S2c model (typically driven by firms such as Tuhu) has disrupted and transformed the market landscape, creating unique value-chain integration and online-offline customer experience.
Calpine Corporation announced today that it has commenced a cash tender offer to purchase up to $335,000,000 in aggregate principal amount (the "Tender Cap Amount") of its outstanding 5.250% Senior Secured Notes due 2026 (CUSIP Nos.: 131347 CK0 / U13055 AR6 / U13055 AS4) (the "Notes") (the "Offer"). The terms and conditions of the Offer are described in an Offer to Purchase, dated December 2, 2020 (the "Offer to Purchase").
Last year, rapper Lil Nas X used Twitter to publicly come out as gay at the end of 2019 Pride Month. Now the 21-year-old viral phenom is revealing who inspired him to share his sexual orientation while dominating both hip-hop and country, two genres that have a history of normalized homophobia. Monday, during an interview with Zane Lowe, the often mischievous entertainer opened up about how the bravery of other queer Black hip-hop/R&B artists like Frank Ocean and Tyler, the Creator gave him the idea that he could do the same and still be successful.
Parents of 333 children are believed to be in the United States, while parents of the other 295 are believed to be outside the U.S. The committee has found other family members for 168 of the 628 children whose parents have yet to be located. The joint filing by attorneys for the Justice Department and families offers the latest snapshot of efforts to reunite families under a “zero tolerance” policy on illegal border crossings that resulted in thousands of separations when parents were criminally prosecuted.
Dominic Smith joins Met Hot Stove to discuss with Steve Gelbs his first impressions of new Mets owner Steve Cohen and how special it was that Cohen reached out to him.
The Los Angeles Angels acquired veteran shortstop Jose Iglesias from the Baltimore Orioles on Wednesday in a trade for minor league right-handers Garrett Stallings and Jean Pinto. Iglesias batted .373 with three homers and 17 RBIs in 39 games with the Orioles last season. New Angels general manager Perry Minasian expects Iglesias to be an everyday player next season as the long-struggling Angels attempt to return to the playoffs for the first time since 2014.
The Arizona Diamondbacks offered contracts to three arbitration-eligible players on Wednesday, including catcher Carson Kelly and pitchers Luke Weaver and Caleb Smith. The 26-year-old Kelly was acquired in a trade with the St. Louis Cardinals in 2018 and had a breakout year in 2019, finishing with a .245 batting average and 18 homers. Weaver, 27, was acquired from the Cardinals in the same trade as Kelly and looked like a future star in 2019 with a 2.94 ERA in 12 starts before injuries derailed his season.
After lawmakers revived stimulus deal hopes, CrowdStrike led big earnings movers late. Tesla stock rose on an analyst upgrade.
A former Pleasantville student is hoping his new book about a deadly high school football game shooting in 2019 sparks gun violence changes.