India's Exchanges Want to Challenge Central Bank's Crypto Crackdown

India's Exchanges Want to Challenge Central Bank's Crypto Crackdown

Exchanges in India are discussing ways to fight back against a new edict from the country's central bank, which ordered the institutions it regulates to stop working with companies that offer cryptocurrency services. Startups like Unocoin, Coinsecure and Zebpay have warned about potential disruptions to
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The $500000 challenge: Finding a gem in Wellington's rising property market

The results reinforced what most suspected – there is a shortage of entry-level family properties in the inner city. However, Wellington City Council housing spokesman Brian Dawson believed house prices had reached their peak, and predicted the market would “eventually correct itself”. “That may make
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Reserve Bank Of India Prohibits Banking Services For Cryptocurrency Firms

A lack of banking services could seriously hamper liquidity and prevent expansion efforts. This could prompt users of Indian cryptocurrency exchanges to shift toward over-the-counter and peer-to-peer services. This is exactly what happened in China after authorities forced the closure of several major
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Chilean Cryptocurrency Exchanges See Banking Blockade with Shuttered Accounts

Three Chilean cryptocurrency exchanges, BUDA, Crypto MKT, and Orionx, are about to lose banking services as BancoEstado, the last bank supporting cryptocurrency exchanges in Chile, has announced it's closing the trading platforms' accounts. According to local news outlet El Mercurio, the financial
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Former Atlantic County detective sentenced to prison for Mays Landing mortgage scam

According to a statement from Carpenito, Borges purchased property in Mays Landing in 2002 and failed to make mortgage payments to Wachovia and its successor, Wells Fargo, despite collecting rent from tenants living there. Borges concealed the income she was making from rent payments and
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Chief Judge Wilma Lewis to deliver 2018 Penn State Law commencement address

After serving at Freddie Mac as managing associate general counsel for litigation from 2007 to 2008, Lewis returned to the Department of the Interior in 2009 when Obama nominated and the Senate confirmed her to serve as assistant secretary for land and minerals management, overseeing the Bureau
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Bainco International Investors Has $10.99 Million Holdings in US Bancorp (USB)

U.S. Bancorp logo Bainco International Investors increased its position in U.S. Bancorp (NYSE:USB) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 202,909 shares of the financial
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10 reasons why you need to visit WTM Africa 2018

4) Through their Buyer Insights Programme, they are able to assist exhibitors in both presenting and positioning their products to international and local buyers. 5) A host of international speakers from across the globe will focus on pertinent topics and travel trends affecting the modern travel industry.
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IndiGo drops interest in Air India sale

Indian low-cost carrier IndiGo has all but pulled its interest in acquiring Air India, citing the large resources required to turn around the state-owned airline. IndiGo's president Aditya Ghosh says that its interest in Air India's privatisation programme has always focused on buying its international operations
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How Freddie Mac Rejuvenates and Diversifies 'Mom-and-Pop' Building Owners

Basis took a big step toward Jones' ultimate vision last summer, when it became a licensed lender for Freddie Mac's Small Balance Loan Program, which provides a streamlined process and paperwork to facilitate access to affordable capital for small, sometimes less experienced owners of smaller
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Former South Korean President Park Sentenced to 24 Years in Jail

People watch a television screen broadcasting the ruling of former South Korean President Park Geun-hye's corruption charges at the Seoul Central District Court in Seoul, South Korea, on Friday, April 6, 2018. Photographer: SeongJoon Cho/Bloomberg. Park Geun-hye, South Korea's first female
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Why LA County could lose $3 billion worth of affordable housing

The California Housing Partnership Corporation, in their draft report presented Thursday, counted 11,000 units countywide that are in this category. With an L.A. apartment, on average, worth $250,000 on the market, that's almost $3 billion worth of affordable housing. “And it's even more, it's probably
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RBI said to delaying top banker bonuses amid banking frauds

Chief executive officers at HDFC Bank Ltd., ICICI Bank Ltd. and Axis Bank Ltd. —the nation's largest private lenders by assets — are among bankers yet to receive bonuses for the financial year ended 31 March 2017, as the Reserve Bank of India hasn't signed off on the proposed payments, the people
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Samsung Profit Tops Estimates Thanks to Memory-Chip Demand

Samsung Electronics Co. reported higher-than-projected profit as demand for its memory chips remained strong enough to outweigh concerns about display supplies to Apple Inc. Operating income rose to 15.6 trillion won ($14.7 billion) in the three months ended March, according to preliminary results
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Trump bashes Joe Manchin over banking bill, but Manchin voted with him on it

Joe Manchin in his home state of West Virginia Thursday and added a taunt about a Senate banking relief bill he supports even though Manchin did vote for the measure. “You won't believe this, we're actually getting bipartisan support,” Trump said of the bill, which passed the Senate last month with 17
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The Housing Market Is Heading South

A subscriber from Canada emailed me last night about the Canadian housing market: “Toronto and Vancouver sales down 40% and 30% YoY respectively. Prices are still up in Vancouver but down 14% in Toronto. I don't know how prices stay up if the volume continues to trend down. Canadians are
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How China's Economy Grows Even as Credit Tightens

The good news for China and the world is that the fastest-growing part of the economy will be relatively immune from efforts to tap the brakes. Viewed from this angle, at least, China can have it both ways. This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its
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Kenai's first income-restricted housing now open

In local housing complexes comparable to Clear Pointe, Novogradac found low vacancies for both income-restricted and market rate units. Another local housing complex with a similar set of income restrictions — the Kenai Housing Initiative's Hillcrest Manor in Soldotna — had no vacancies and a
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Ottawa house prices climb in March; condos, not so much

Ottawa house prices climbed eight per cent to an average of $447,600 in March compared to a year earlier, while prices for condominiums edged up just 0.7 per cent to $275,600, according to data published Thursday by the Ottawa Real Estate Board. These averages reflect the sale of some 1,660
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Now Rs 2654-cr loan scam rocks banking

As reports of banks flouting guidelines to aid interests of promoters and commercial entities continue to pour in, another case emerged on Thursday as CBI registered a case against Vadodara-based M/s Diamond Power Infrastructure Ltd (DPIL). Its founder Suresh Narain Bhatnagar and his two sons
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