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how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
when will pi network coin be available on crypto exchange.
morgan stanley Earnings Archive 2005 2nd
1. Contact: Investor Relations Media Relations
William Pike Ray O’Rourke
212-761-0008 212-761-4262
For Immediate Release
Morgan Stanley Reports $928 Million in Second Quarter Earnings
NEW YORK, June 22, 2005 -- Morgan Stanley (NYSE: MWD) today reported net income of
$928 million for the quarter ended May 31, 2005 -- a decrease of 24 percent from the second
quarter of 2004 and 34 percent from the first quarter of 2005. The annualized return on average
common equity was 13.1 percent in the current quarter, compared with 18.4 percent in the second
quarter of 2004 and 19.7 percent in the first quarter of 2005. Diluted earnings per share were
$0.86, a decline of 22 percent from last year’s $1.10 and 33 percent below the first quarter’s
$1.29.
The results for the quarter include net expenses of approximately $140 million related to various
legal matters. The initiation of settlement discussions in the Parmalat matter, subsequent to our
earnings pre-announcement on June 13, accounted for the majority of this amount. The Company
did not record any changes to legal reserves regarding the Sunbeam/Coleman matter.
Net revenues (total revenues less interest expense and the provision for loan losses) of $6.0
billion were 9 percent lower than last year’s second quarter and 12 percent below this year’s first
quarter. Non-interest expenses of $4.6 billion were 4 percent lower than a year ago and 2 percent
below last quarter.
Business Highlights
• For the first five months of calendar 2005, the Company ranked first in global announced
M&A and second in global IPOs. Advisory revenues were the highest in nearly four
years.
• Prime Brokerage achieved record results and its ninth consecutive quarter of revenue
growth.
2. 2
• Individual Investor Group recorded $3.8 billion in net new domestic retail assets during
the quarter.
• Investment Management exceeded its stated goal of having more than 65 percent of
assets in the top half of the Lipper rankings for all time periods.
• Discover announced a strategic alliance with China UnionPay that will allow Discover
cards to be used in China and China UnionPay cards to be used on the PULSE
ATM/debit network in the U.S.
Philip J. Purcell, Chairman and CEO, said, “Our firm can be proud that despite some difficult
markets and trying circumstances we have stayed focused on clients and produced substantial
profits for our shareholders.”
For the first six months of 2005, net income was $2,330 million, a 5 percent decrease from
$2,449 million a year ago. Net revenues of $12.9 billion were unchanged from a year ago and
non-interest expenses of $9.4 billion were up 3 percent. The annualized return on average
common equity was 16.4 percent compared to 18.8 percent a year ago. Diluted earnings per
share were $2.15 compared to $2.21 a year ago.
INSTITUTIONAL SECURITIES
Institutional Securities posted income before taxes1
of $830 million, down 27 percent from the
second quarter of 2004. Net revenues of $3.4 billion were 15 percent lower, reflecting declines in
fixed income sales and trading and equity underwriting. The quarter’s pre-tax margin was 25
percent compared with 29 percent a year ago.
• Advisory revenues were $357 million, up 10 percent from the second quarter of 2004, while
industry-wide completed M&A transaction volume fell 18 percent over the same period.2
• Underwriting revenues were $378 million, a decline of 33 percent from last year’s second
quarter. Fixed income underwriting revenues declined 8 percent from a year ago, compared
with a 1 percent increase in industry-wide activity. Equity underwriting revenues fell 54
percent relative to a 31 percent decline in industry-wide activity.2
• For the calendar year-to-date, the Company ranked first in announced global M&A with a 36
percent market share, second in global IPOs with a 10 percent market share, fourth in global
1
Represents income from continuing operations before losses from unconsolidated investees, taxes and
cumulative effect of an accounting change.
2
Source: Thomson Financial -- for the periods: March 1, 2004 to May 31, 2004 and March 1, 2005 to May
31, 2005.
3. 3
equity and equity-linked issuances with a 9 percent market share and fourth in global debt
issuances with a 6 percent market share.3
• Fixed income sales and trading net revenues were $1.3 billion, down 28 percent from a strong
second quarter of 2004. Net revenues declined sharply in interest rate & currency products
as mixed U.S. economic data resulted in a less favorable interest rate trading environment and
lower foreign exchange rate volatility led to a decline in foreign exchange revenues.
Compared to a near record second quarter of 2004, commodities net revenues were
significantly lower, particularly in North America electricity. Credit products revenues were
up slightly as solid results in securitized products offset lower revenues, due to widening
credit spreads, in corporate credit products.
• Equity sales and trading net revenues were essentially equal to last year at $1.1 billion. Prime
Brokerage had a record quarter driven by growth in client asset balances. Client flows
remained steady in cash and derivatives businesses, while trading revenues were weaker.
• The Company’s aggregate average trading VaR was $87 million in the current quarter
compared with $72 million in the second quarter of 2004 and $96 million in the first quarter
of 2005. The overall increase from last year was largely due to an increase in the interest rate
and credit spread VaR.
• Non-interest expenses were $2.5 billion, a 10 percent decrease from a year ago.
Compensation expenses were lower due to a decline in net revenues. Non-compensation
expenses were unchanged compared to the second quarter of last year. Higher costs
associated with increased levels of business activity in the current quarter were offset by an
aircraft impairment charge incurred a year ago.
INDIVIDUAL INVESTOR GROUP
The Individual Investor Group reported pre-tax income of $118 million compared to $132 million
in the second quarter of 2004. The quarter’s pre-tax margin was 10 percent compared with 11
percent a year ago.
• Net revenues of $1.2 billion were up 2 percent from a year ago. Asset management,
distribution and administration fees increased 14 percent on higher client asset levels in fee-
based accounts. This increase was partially offset by a 12 percent decline in commissions,
reflecting lower transaction volumes.
• Non-interest expenses were up 3 percent from a year ago to $1.1 billion, driven by higher
professional services costs reflecting increased sub-advisory fees and consulting expenses.
3
Source: Thomson Financial -- for the period January 1, 2005 to May 31, 2005.
4. 4
• Total client assets were $613 billion, a 6 percent increase from last year’s second quarter.
Client assets in fee-based accounts rose 14 percent to $165 billion over the past twelve
months and increased as a percentage of total client assets to 27 percent from 25 percent over
the same period.
• At quarter-end, the number of global representatives was 10,438 -- a decrease of 33 over the
quarter and 284 over the past year.
INVESTMENT MANAGEMENT
Investment Management reported pre-tax income of $175 million, 16 percent lower than last
year's $209 million. The quarter's pre-tax margin was 27 percent compared with 30 percent a
year ago. Excluding results from the Private Equity business, pre-tax income increased by 21
percent over last year and the pre-tax margin increased from 25 percent to 29 percent. Net
revenues fell 7 percent to $642 million, reflecting lower Private Equity revenues, partially offset
by an increase in revenues generated by higher average assets under management. Non-interest
expenses declined 3 percent to $467 million. Assets under management within Investment
Management were $416 billion, up $32 billion or 8 percent from the second quarter of last year.
The increase over the past year resulted primarily from market appreciation.
• Institutional assets were $217 billion, an increase of $28 billion from a year ago -- reflecting
sales of liquidity products and market appreciation. Retail assets of $199 billion were $4
billion higher than a year ago. The increase resulted from market appreciation partly offset
by customer out-flows.
• Among full-service brokerage firms, the Company had the highest number of domestic funds
(42) receiving one of Morningstar’s two highest ratings.4
In addition, the percent of the
Company’s long-term fund assets performing in the top half of the Lipper rankings was 76
percent over one year, 65 percent over three years, 71 percent over five years and 81 percent
over ten years.5
CREDIT SERVICES
Credit Services posted pre-tax income of $242 million on a managed basis, down 19 percent from
$298 million a year ago. Net revenues of $878 million were flat compared to the second quarter
of 2004. A lower provision for loan losses was offset by lower net interest income and lower
4
Full service brokerage firms include: Morgan Stanley, Merrill Lynch, Citigroup and Prudential. As of
May 31, 2005.
5
For the one, three, five and ten year periods ending May 31, 2005.
5. 5
revenues associated with sales of mortgage loans. Non-interest expenses were higher due to an
increase in marketing costs, compensation and PULSE operating expenses. PULSE was acquired
during the first quarter of 2005. The quarter’s pre-tax margin was 28 percent compared with 34
percent a year ago.
• At quarter end, managed credit card loans of $46.8 billion were equal to a year ago. Net
interest income fell $108 million from a year ago, reflecting a tighter interest rate spread,
which contracted 110 basis points to 7.96 percent, as a result of both a lower yield and a
higher cost of funds.
• Managed merchant, cardmember and other fees were $486 million, up 4 percent from last
year, primarily due to higher merchant discount and transaction processing revenues, partially
offset by lower overlimit fees and higher cardmember rewards.
• Transaction volume increased 4 percent to $25.4 billion, reflecting record sales partially
offset by lower balance transfer activity.
• The managed credit card net charge-off rate for the second quarter was 4.94 percent, 154
basis points below a year ago -- and its lowest level in four years. The decrease reflects the
significant improvement in the card portfolio’s credit quality.
• The managed credit card over-30-day delinquency rate was 3.90 percent, a decrease of 98
basis points from the second quarter of 2004, and lower than any time since 1988. The
managed credit card over-90-day delinquency rate was 1.83 percent, 57 basis points lower
than a year ago.
OTHER MATTERS
On April 4, 2005, the Company announced that its Board of Directors authorized management to
pursue a spin-off of Discover Financial Services. The Company continues to analyze the merits
of a spin-off, with focus on how to ensure the transaction enhances overall shareholder value and
positions Discover as a stand-alone public company.
As of May 31, 2005, the Company repurchased approximately 41 million shares of its common
stock since the end of fiscal 2004. The Company also announced that its Board of Directors
declared a $0.27 quarterly dividend per common share. The dividend is payable on July 29,
2005, to common shareholders of record on July 15, 2005.
Total capital at May 31, 2005 was $113.9 billion, including $31.2 billion of common
shareholders’ equity and junior subordinated debt issued to capital trusts. The Company currently
6. 6
allocates approximately $4.3 billion in shareholders’ equity to Discover. The Company does not
currently anticipate the need to increase Discover’s capital by more than 10 percent to support it
as a stand-alone business if a spin-off is completed. Book value per common share was $26.07,
based on 1.1 billion shares outstanding.
Morgan Stanley is a global financial services firm and a market leader in securities, investment
management and credit services. With more than 600 offices in 28 countries, Morgan Stanley
connects people, ideas and capital to help clients achieve their financial aspirations.
A financial summary follows. Additional financial, statistical and business-related information,
as well as information regarding business and segment trends, is included in a Financial
Supplement. Both the earnings release and the Financial Supplement are available on-line at
www.morganstanley.com
# # #
(See Attached Schedules)
The information above contains forward-looking statements. Readers are cautioned not to place
undue reliance on forward-looking statements, which speak only as of the date on which they are
made and which reflect management’s current estimates, projections, expectations or beliefs and
which are subject to risks and uncertainties that may cause actual results to differ materially. In
particular, the Company’s ability to effect the proposed separation of the Company’s Credit
Services business and the capitalization of the Credit Services business following the proposed
separation may differ materially from the forward-looking statements. For a discussion of
additional risks and uncertainties that may affect the future results of the Company, including the
Credit Services business, please see “Forward-Looking Statements” immediately preceding Part
I, Item 1, “Competition” and “Regulation” in Part I, Item 1 and “Certain Factors Affecting
Results of Operations” in Part II, Item 7 of the Company’s Annual Report on Form 10-K for the
fiscal year ended November 30, 2004 (the “2004 10-K”) and “Management’s Discussion and
Analysis of Financial Condition and Results of Operations” in the Company’s Quarterly Report
on Form 10-Q for the quarterly period ended February 28, 2005 (the “First Quarter 2005 10-Q”)
and other items throughout the 2004 10-K and First Quarter 2005 10-Q.
7. MORGAN STANLEY
Quarterly Financial Summary
(unaudited, dollars in millions)
ed: 06/21/05 19:42
Quarter Ended Percentage Change From: Six Months Ended Percentage
May 31, 2005 May 31, 2004 Feb 28, 2005 May 31, 2004 Feb 28, 2005 May 31, 2005 May 31, 2004 Change
Net revenues
Institutional Securities 3,357$ 3,947$ 3,985$ (15%) (16%) 7,342$ 7,451$ (1%)
Individual Investor Group 1,228 1,209 1,238 2% (1%) 2,466 2,420 2%
Investment Management 642 690 696 (7%) (8%) 1,338 1,332 --
Credit Services 878 879 996 -- (12%) 1,874 1,837 2%
Intersegment Eliminations (66) (75) (69) 12% 4% (135) (149) 9%
Consolidated net revenues 6,039$ 6,650$ 6,846$ (9%) (12%) 12,885$ 12,891$ --
Income before taxes (1)
Institutional Securities 830$ 1,135$ 1,045$ (27%) (21%) 1,875$ 2,318$ (19%)
Individual Investor Group 118 132 353 (11%) (67%) 471 298 58%
Investment Management 175 209 287 (16%) (39%) 462 379 22%
Credit Services 242 298 380 (19%) (36%) 622 663 (6%)
Intersegment Eliminations 25 29 24 (14%) 4% 49 58 (16%)
Consolidated income before taxes 1,390$ 1,803$ 2,089$ (23%) (33%) 3,479$ 3,716$ (6%)
Earnings per basic share: (2)
Income from continuing operations 0.88$ 1.13$ 1.25$ (22%) (30%) 2.14$ 2.27$ (6%)
Discontinued operations -$ -$ 0.01$ -- * 0.01$ -$ *
Cumulative effect of accounting change (3) -$ -$ 0.05$ -- * 0.05$ -$ *
Earnings per basic share 0.88$ 1.13$ 1.31$ (22%) (33%) 2.20$ 2.27$ (3%)
Earnings per diluted share: (2)
Income from continuing operations 0.86$ 1.10$ 1.23$ (22%) (30%) 2.09$ 2.21$ (5%)
Discontinued operations -$ -$ 0.01$ -- * 0.01$ -$ *
Cumulative effect of accounting change (3) -$ -$ 0.05$ -- * 0.05$ -$ *
Earnings per diluted share 0.86$ 1.10$ 1.29$ (22%) (33%) 2.15$ 2.21$ (3%)
Average common shares outstanding
Basic 1,053,812,487 1,082,211,511 1,069,097,162 1,061,632,036 1,080,776,922
Diluted 1,079,811,172 1,110,357,415 1,090,166,326 1,084,988,764 1,108,270,257
Period end common shares outstanding 1,086,652,691 1,098,127,106 1,103,263,369 1,086,652,691 1,098,127,106
Return on common equity 13.1% 18.4% 19.7% 16.4% 18.8%
(1) Represents consolidated income from continuing operations before losses from unconsolidated investees, taxes,
dividends on preferred securities subject to mandatory redemption and cumulative effect of accounting change.
(2) Summation of the quarters' earnings per common share may not equal the annual amounts due to the averaging effect of the
number of shares and share equivalents throughout the year.
(3) Represents the effects of the adoption of SFAS 123(R) in the first quarter of fiscal 2005.
Note: Certain reclassifications have been made to prior period amounts to conform to the current presentation.
7