Article content MUMBAI — India’s markets regulator will restart a review of a $440 million initial public offering of Digit Insurance after the company resolved certain compliance issues that had led to the regulator putting the process on hold, two sources told Reuters on Friday. The Securities and Exchange Board of India (SEBI) put Canadian […]
Article content MILAN — Porsche AG shares rallied on their Frankfurt market debut on Thursday as traders dumped holdings of its controlling companies to grab a slice in the newly listed supercar manufacturer. The listing of Porsche AG, under a trading code that includes the 911 number in a nod to its most famous model, […]
Article content LONDON — Hsbc to review location of global hq in london – memo Lease at canary wharf tower expires in early 2027, options under review include staying in current building with additional renovations – memo (Reporting by Huw Jones)
Article content UK stocks pared some of their sharp losses on Wednesday after the Bank of England said it would start a temporary program of bond purchases to stabilize the market and added that it would postpone the planned start of its gilt sale program. The blue-chip index slipped 0.3% after dropping as much as […]
Article content HONG KONG — Chinese electric vehicle (EV) maker Zhejiang Leapmotor Technology is set to raise $800 million by pricing its shares at HK$48 ($6.12) each in its Hong Kong initial public offering (IPO), said two sources with direct knowledge of the matter. While that is less than the $1.03 billion the EV maker […]
Article content NEW DELHI — India’s state-run Bharat Petroleum Corp said it had signed a preliminary agreement with Brazil’s national oil company Petrobras to help it diversify its crude oil sourcing. Indian state refiners rarely buy Brazilian oil. The Memorandum of Understanding (MoU) was signed by BPCL Chairman Arun Kumar Singh and Petrobras CEO Caio […]
Article content Wholesale cannabis platform LeafLink said on Wednesday its payments solutions processed over $1 billion in transactions since the company’s inception in March 2016. LeafLink is cannabis industry’s business-to-business platform that helps pot distributors and retailers manage their operations, create, pay for and ship their orders. Article content More states in the U.S are […]
Article content LONDON — The London Metal Exchange said on Wednesday it does not see evidence of metal moving into its warehouses on a long-term basis after Bloomberg News reported that Russia’s Rusal was working on a plan to deliver its aluminum to LME facilities. Neither Rusal, nor its metal, is under sanctions imposed on […]
Article content Saudi Arabia’s crude oil exports in July rose to 7.38 million barrels per day from 7.20 million bpd in Article content June, the International Energy Forum (IEF) said on Monday, citing data from the Joint Organizations Data Initiative (JODI). (Reporting by Arundhati Sarkar in Bengaluru; Editing by Toby Chopra)
Article content The Kremlin on Monday repeated its assertion that Western sanctions are to blame for a complete shutdown in the Nord Stream 1 gas pipeline between Russia and Germany. In a conference call with reporters, Kremlin spokesman Dmitry Peskov said sanctions were “causing chaos” in terms of maintenance work on the pipeline and rejected […]