In financial accounting, an asset is an economic resource. Anything tangible or intangible that can be owned or controlled to produce value and that is held to have positive economic value is considered an asset. Simply stated, assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset).
The balance sheet of a firm records the monetary value of the assets owned by the firm. It is money and other valuables belonging to an individual or business. Two major asset classes are tangible assets and intangible assets. Tangible assets contain various subclasses, including current assets and fixed assets. Current assets include inventory, while fixed assets include such items as buildings and equipment.
There seems to be a rush to digitise financial assets. Non-fungible tokens (NFTs), derivatives on cryptos, and now, several asset management companies in the U.S ... The interest in digital assets can be attributed to two factors.
SHANGHAI, Sept 24 (Reuters) - ChinaReform Holdings Corp, a Chinese manager of state assets, plans to raise at least 100 billion yuan ($13.70 billion) for a fund that will invest in emerging industries, the China BusinessNews reported on Sunday ... It managed nearly 860 billion yuan ...
In May this year, it joined BrookfieldIndiaREIT to acquire two large commercial assets, totaling 6.5 million sq. ft, from Brookfield Asset Management in an equal partnership for a valuation of $ 1.4 billion ...GIC was also in the race to buy the warehousing assets of ESRAllianz which finally went to Blackstone, sources said.
The bank, which manages over $333 billion in assets, added three zeroes to Gillespie’s deposit due to an apparent glitch ... Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets.
There is no parallel globally where the largest FMCG company, telecom company, automobile maker, asset management firm, private sector bank, and insurance company are all majority foreign-owned.Also Read ... Nilesh Shah, Managing director, Kotak Mahindra Asset Management Co.
This year's HKEAAward garnered an overwhelming response from a diverse range of industries, such as IT, e-commerce, asset management, real estate, insurance, accounting, legal, AI, Web3 and digital assets, healthcare, construction, manufacturing, trade, education, food and ...
Nigeria.. *Pledges to invest in 7.9 million Akwa Ibom people than few individuals. Okon Bassey in Uyo. Governor Umo Eno of Akwa Ibom State has said he would be satisfied creating an impactful single term than a two-term in office without anything to show ... That is why we seek to establish an asset management agency to help in maintenance of our assets.
Benchmark two- and 10-year Treasury yields are the highest since 2006-07, 10-year real yields have broken above 2%, and asset markets around the world are buckling under the higher-for-longer U.S ...Asian MarketscategoryChina state asset manager plans $14 billion emerging industry fund, ChinaBusinessNews reports.
These digital assets, governed by innovative tokenomics models, promise to increase in value over time, attracting seasoned traders and newcomers ... Deflationary cryptocurrencies have taken the world of digital assets by storm ... Deflationary assets provide diversification opportunities amid inflationary fiat currencies’ dominance.
The jurist’s rebukes came as lawyers for Fisch – whose New York-based private equity fund American Securities manages $7 billion in assets – and philanthropist and former model Laura Roberson-Fisch, 67, traded barbs and made explosive claims during a heated proceeding last Monday.
Last week, JP Morgan announced that Indian government bonds will be included in its emerging market bond index from June next year. This move was widely anticipated \u2014 India has been on the IndexWatchPositive for inclusion since 2021 ... The assets under management of funds tracking the index are $236 billion ... .
Washington St. in the Loop. The expansion takes over space once occupied by a clothing retailer, and will change how the building looks to pedestrians, said Dan Shannon, the property’s asset manager ...State St ... On Sept ... The recovery of downtown retail remains uneven, said Steven Bauer, senior managing director of real estate firm Cushman & Wakefield.
Mukesh Ambani’s Viacom18, which is now giving tough competition to platforms like Hotstar and Disney, is all set to get a new lavish office in Mumbai after signing a deal with Blackstone, which is one of the largest asset management firms in India.