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Showing posts with label 2017 at 02:06PM. Show all posts
Showing posts with label 2017 at 02:06PM. Show all posts

Monday, June 12, 2017

Bringing together leaders on board training and #CorpGov advocacy from #EmergingMarkets! More on IFC’s work: wrld.bg/7DiH30c9B6f Quoted tweet from @lopa_rahman6: IFC Institute of Director Network Meeting in Bangkok,Thailand, Shahab talking about BEI’s role in promoting SOE Governance #CorpGov https://t.co/mmaik2LLYj

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IFC South Asia
@IFC_SouthAsia

Bringing together leaders on board training and #CorpGov advocacy from #EmergingMarkets!

More on IFC’s work: wrld.bg/7DiH30c9B6f

IFC Institute of Director Network Meeting in Bangkok,Thailand, Shahab talking about BEI’s role in promoting SOE Governance #CorpGov https://t.co/mmaik2LLYj

June 12, 2017 at 02:01PM

https://twitter.com/IFC_SouthAsia/status/874189103721402368

from IFC South Asia


IiAS retweeted: Can a corporation be an ethical being? | http://ift.tt/1xQTL0y #CorpGov #business #ethics

http://ift.tt/1W1U9o6

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The Corporate Prof.
@deCorporateProf

IiAS retweeted:

Can a corporation be an ethical being? | http://ift.tt/1xQTL0y #CorpGov #business #ethics

June 12, 2017 at 02:01PM

https://twitter.com/IiASAdvisory/status/874188314839982081

from IiAS


Ronald Nolasco Vidal retweeted: Directorship as a profession | http://ift.tt/2se3Nzv #CorpGov #business #Director

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The Corporate Prof.
@deCorporateProf

Directorship as a profession | http://ift.tt/2se3Nzv #CorpGov #business #Director

June 12, 2017 at 02:01PM

https://twitter.com/Ronnie_Vidal/status/874186753942233089

from Ronald Nolasco Vidal


Monday, May 8, 2017

Macron Win Positive for European Risk Assets

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Pioneer Investments’ Monica Defend, Head of Global Asset Allocation Research, key insights following the French Presidential election results.

What is your view of the French Presidential election outcome?

As happened in the first round, the indications from polls were reliable and Macron has won by quite a wide margin. The result is market friendly, because fears that one of Europe’s leading countries would be run by a Euro-sceptic president have vanished. Macron is a centrist and a moderate reformer, therefore it seems likely that his future actions will relate to supply-side reform, coupled with socially-responsible stabilizers. However, it must be kept in mind that he is not a direct associate of France’s two traditional political parties and he will have to work hard to convince the sceptics (those who voted for Le Pen plus those who abstained). The issue of these so-called “unheard voices” will not disappear and, in the case of a poorly-run administration, could gain ground again.

What do you expect from the June Parliamentary elections? Is a stable majority achievable? If not, what  would a “cohabitation” solution imply?

Attention will now move to the French National Assembly elections in June. Political experts suggest that there is usually a 5-10% bonus for the political party that won the presidential election, but in this case things are different as the new President does not represent one of the traditional parties. Macron has benefitted from the void left by the socialists and his “party”, En Marche!, could complete a “takeover” of the French Parliament: initial polls on the outcome of the June elections suggests that En Marche! can obtain something like 249-286 seats out of 535 in mainland France, cannibalizing the socialist party (which is likely to drop from 280 to 28-43). If En Marche! does not gain a sufficient number of seats, a majority would need to be built around Macron’s electoral programme.

How would you describe the “world vision” of the new President? What do you think his economic and european policies will be? What are his priorities?

Macron has been quite clear and detailed in outlining his agenda. On economic policy, he proposes some spending cuts in order to finance cuts in corporate tax and a tax wedge on labour (to spur employment) and to enhance firm-level negotiations on a number of issues including more flexible working hours. Hence, it is fair to refer to these as supply-side, growth-friendly reforms. Regarding Europe, he has explicitly tackled the Euro-scepticism of his rival, suggesting the need to create a Eurozone budget and a Eurozone finance minister that has the ability to use money for both countercyclical actions, to support employment, and to promote common projects.

What are the main risks in Europe now that the threat of a Euro-sceptic President in France has been averted?

In our view, with the Dutch and French elections now behind us, the biggest threats on this year’s electoral calendar have passed. The appeal of the AfD in Germany is clearly diminishing, therefore the one critical ballot remaining concerns Italy, whose election is likely to take place in Spring next year. Now there are two on-going processes in Europe that could influence the outcomes of electoral votes (which could possibly gain strength after the German elections); the attitude towards Brexit and proposals intended to relaunch and strengthen European integration. Recent press speculation has suggested that Mrs Merkel is preparing a permanent co-ordination with France on two issues: security and the economy. Such an initiative could also be supported by the strengthening economic cycle.

What are the likely implications of Macron’s victory on financial markets?

As fears of political unrest have eased in the short-term, we believe reflation trades will take center stage again, with a renewed focus on economic fundamentals. Macroeconomic data has been consistent with a scenario of more robust and widespread growth in Europe. Reflecting this stronger economic activity, the corporate earnings recovery is also gaining momentum and appears more broad-based. Despite the recent temporary upticks in inflation numbers, price dynamics remain quite muted. We expect these limited inflation pressures will remain consistent and the expansionary monetary stance from the ECB will persist during the next few months.

Our preference for risk assets continues to be supported by macro and corporate fundamentals, especially for equity markets where valuations are not excessive (in Europe in particular) and earnings growth potential has not fully materialized. In Fixed Income, we believe investors should stay defensive regarding duration. While political risks have eased, tapering talks in Europe could start to materialize and interest rates on government bonds in Europe could rise from the currently very low levels. We see some continuation of peripheral spreads tightening, as well as the French OAT spread over German Bund.

Elsewhere in fixed income, we are more cautious on the European credit market than at the start of the year as valuations have become tight and there is less carry to protect investors from increased interest rates. We prefer EU and Japan linkers and we expect inflation curves to steepen.

For the coming months, we believe that political risk has eased, but not disappeared. The electoral cycle in Europe – including political developments in Italy which represents a potential source of instability – suggests that investors should continue to keep hedging strategies in play to protect their assets from downside.

May 08, 2017 at 01:36PM

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from Dylan Jones

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Wednesday, April 26, 2017

20 stocks that rallied up to 20%

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58377089.cmsAmong the stocks that surged up to 20% by 1.00 pm on Wednesday were Karnavati Finance, TCI Developers (both up 20%)

April 26, 2017 at 02:04PM

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from

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Buy Kotak Mahindra Bank with a target of Rs 960: Edelweiss Financial Services

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Buy Kotak Mahindra Bank Ltd. at a price target of Rs 960.0 and a stop loss at Rs 868.0 from entry point

April 26, 2017 at 02:04PM

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from

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Buy Karnataka Bank, target Rs 164.0 : Nirmal Bang Securities

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Buy Karnataka Bank Ltd. at a price target of Rs 164.0 and a stop loss at Rs 154.0 from entry point

April 26, 2017 at 02:04PM

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from

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Nitin Spinners Limited – Results/Dividend

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Inter-alia to Consider & Approve following :- 1. Audited Financial Results……

boardmeet?d=7Q72WNTAKBA boardmeet?d=qj6IDK7rITs boardmeet?d=yIl2AUoC8zA

April 26, 2017 at 02:04PM

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from

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Tainwala Chemical and Plastic (I) Limited – Results/Others

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inter alia, to consider, approve and take on record the Audited……

boardmeet?d=7Q72WNTAKBA boardmeet?d=qj6IDK7rITs boardmeet?d=yIl2AUoC8zA

April 26, 2017 at 02:04PM

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from

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Buy ICICI Bank, target Rs 288: Sumeet Bagadia

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Buy ICICI Bank Ltd. at a price target of Rs 288.0 and a stop loss at Rs 270.0 from entry point

April 26, 2017 at 02:04PM

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from

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Marketing to the Emotions: In a cluttered world of advertising, here’s how you stand out.

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Every adult consumer in the U.S. is exposed to anywhere between 5,000 to 10,000 marketing messages (all depending on how you count), daily – a colossal clutter that makes it difficult to stand out. I like to describe marketing campaigns as buying…

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April 26, 2017 at 01:40PM

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from Doron Malka

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