UPDATED: May 12, 2021 15:51 IST
Tamil Nadu s Palanivel Thiagarajan (left), a former investment banker, has been sworn-in as the Minister for Finance and Human Resources Management.
After securing a massive victory in the 2021 Assembly election, the DMK has formed the government in Tamil Nadu with MK Stalin taking the oath as the chief minister on May 7. A total of 33 ministers were also sworn in following MK Stalin, of whom 15 were first-time ministers.
For the finance ministry in Tamil Nadu, MK Stalin chose Madurai Central MLA Palanivel Thiagarajan an MBA in Finance from the Sloan School of Management at MIT and a Wall Street veteran.
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Nomura Sticks to Global Goals After $2.9 Billion Archegos Hit
Bloomberg 2 hrs ago Takashi Nakamichi and Takako Taniguchi
(Bloomberg) Nomura Holdings Inc. is pushing ahead with its global ambitions, unswayed by a $2.9 billion hit from the implosion of Archegos Capital Management.
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Chief Executive Officer Kentaro Okuda in a surprise appearance at Tuesday’s earnings briefing signaled he will persist with plans to build a presence in the U.S. even after the Archegos meltdown led to the Japanese firm’s biggest quarterly loss since 2009.
“There is no major change to our overall strategy for our wholesale business,” Okuda said. “Our Japanese clients’ interest in overseas markets is very strong and they are looking at the U.S. market. It’s important to build a solid platform in the U.S.”
By Jared Dillian
I’ve been either investing or writing about investing for 22 years, and I’ve seen a lot of weird stuff, but nothing as weird as Dogecoin, the lighthearted dog-themed cryptocurrency that was created as a joke. It’s now valued at more than $50 billion, exceeding Ford Motor Co. and many other companies with extensive histories. It’s not the first worthless financial instrument that I’ve seen soar to great heights it happened to dot-com stocks at the start of my career but the first one intentionally designed to be worthless. Elon Musk thinks this is funny. I don’t find the humor in it.