Monday, 2 Aug 2021

‘RBI spurned DBS offer to buy 50% of LVB in 2018’

Denver police seek tips in beating death of 55-year-old man

A 55-year-old man was beaten to death in Denver and police are asking for the public’s help with tips on the incident and possible suspect information.

Mark Austin was assaulted about noon Tuesday in the area of East 29th and Delgany streets, police said.

Austin’s body was found inside a tent near where the assault happened, police said.

Anyone with information on the incident is asked to call Metro Denver Crime Stoppers
at 720-913-7867 (STOP).


Trying to Keep It Together in Zoom School

Steven Weinberg is a children’s book author and illustrator based in the Catskills. His most recent book is “AstroNuts Mission 2: The Water Planet,” written by Jon Scieszka.

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Saudi-Led coalition destroyed Houthi drone launched towards kingdom – state tv

CAIRO (Reuters) – Saudi-Led coalition said it destroyed an explosive-laden drone launched by Yemen’s Iran-aligned Houthi group towards the kingdom, Saudi state TV reported on Friday.

Crude Oil Futures Settle Notably Higher

Crude oil prices moved higher on Friday, lifted by optimism about Covid-19 vaccine, and a likely pick-up in energy demand once the vaccines get the nod for the drug regulators.

Oil was also supported by expectations that the Organization of the Petroleum Exporting Countries (OPEC) and it allies will eventually agree to defer relaxing output curbs so as to balance the oil market.

West Texas Intermediate Crude oil futures for December settled at $42.15 a barrel, gaining $0.41 or about 1%, on the expiration day. New front-month contract January WTI futures closed up by $0.52 or 1.2% at $42.42 a barrel.

Brent crude futures were up by about $0.60 or 1.3% at $44.80 a barrel.

OPEC and its allies are scheduled to meet on November 30 and December 1 to consider options to delay tapering their output cuts by around 2 million barrels per day.

Higher crude output from Libya raised concerns about likely excess supply in the market and limited oil’s uptick.

Oil prices were also getting some support from signs of movement on a stimulus deal in Washington. U.S. Senate Majority Leader Mitch McConnell has reportedly agreed to resume negotiations with Democrats over a potential new Covid-19 relief bill.

A report from Baker Hughes that said the number of active U.S. rigs drilling for oil fell by 5 to 231 this week, dropping for the first time in nine weeks, supported oil prices. The total active U.S. rig count, which includes those drilling for natural gas, was also down by 2 to 310, according to the report from Baker Hughes.

Luis Robles, Former BBVA Mexico Chairman, Dies at 60

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Luis Robles, who served as chairman of the board of BBVA Mexico and led the country’s banking association for years, had died, the bank said.

Robles, 60, died Thursday night in Mexico City, BBVA Mexico said on Twitter. He had led the board from 2012 to 2018. Previously, he had served as vice chairman and as chief legal council for Latin America and earlier, for Mexico.

He headed Mexico’s banking association ABM from late 2014 through early 2017. Robles was the chairman of the Latin American Banking Federation from 2010 to 2012.

Saudi King Salman, Turkey's Erdogan discuss coordinating efforts ahead of G20 summit: SPA

CAIRO (Reuters) – Saudi Arabia’s King Salman called Turkish President Tayyip Erdogan to coordinate efforts exerted within the work of the G20 summit, ahead of the summit which will take place on Nov. 21 and 22, state news agency SPA reported on Friday.

Trump to take part in virtual G20 summit this weekend: official

U.S. President Donald Trump listens to administration officials after speaking about prescription drug prices during an appearance in the Brady Press Briefing Room at the White House in Washington, U.S., November 20, 2020. REUTERS/Carlos Barria

WASHINGTON (Reuters) – U.S. President Donald Trump will participate in the virtual G20 summit this weekend, a senior administration official said on Friday.

The official, speaking on condition of anonymity, said Trump was expected to be involved in G20 events both on Saturday and Sunday from the White House.

‘RBI spurned DBS offer to buy 50% of LVB in 2018’

Promoter group may approach SEBI

K.R. Pradeep, the single largest promoter of the crippled Lakshmi Vilas Bank with a 4.8% shareholding, said that Singapore’s DBS had been keen to acquire 50% stake in the lender for a high valuation in 2018 but that the Reserve Bank of India (RBI) did not allow the deal to go through.

With RBI superseding Lakshmi Vilas Bank’s board and mooting its merger with DBS Bank India earlier this week, Mr. Pradeep also said he was confident that the central bank would be ‘kind enough to listen to all the shareholders and promoters, and will not let them go empty-handed’.

Currently, Mr. Pradeep’s holding in the lender— as well as that of the rest of the promoters and other shareholders, including retail shareholders who own about 45% of equity — has no value. Apart from Mr. Pradeep, there are three other promoter families — N. Ramamritham, N.T. Shah and S.B. Prabhakaran — who collectively own 2%.

The promoters were also looking at approaching markets watchdog SEBI but would wait for the final merger scheme, he said that the RBI will announce later in the day today.

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