Breadcrumb Trail Links PMN Business Author of the article: Reuters Huw Jones and Iain Withers Article content LONDON — Britain will accelerate moves to bolster the City of London’s competitiveness as a global financial center by scrapping its cap on banker bonuses ahead of an “ambitious deregulatory” package later in the year, finance minister Kwasi […]
Article content BENGALURU — Indian shares fell nearly 2% on Friday on fears an aggressive U.S. Federal Reserve would trigger foreign fund outflows, while financial stocks slid after the central bank barred Mahindra Group’s financial services arm from using third-party agents to recover loans. The NSE Nifty 50 index fell 1.72% at 17,327.35, while the […]
Article content STOCKHOLM — Ericsson said on Friday it is only providing software and technical support to Russian clients and has not sold any telecommunications equipment to mobile operators there since the Ukraine war started, after Swedish media reported the company had continued its exports. Shares of the company fell 4% in morning trading. Article […]
Article content BENGALURU — Indian shares ended lower on Thursday, while the rupee closed at a record low, after the U.S. Federal Reserve raised interest rates and indicated it would raise rate more often than markets had expected. The NSE Nifty 50 index fell 0.5% at 17,629.80, while the S&P BSE Sensex dropped 0.57% to […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Mehnaz Yasmin Article content Sept 21 (Reuters) – Three major U.S. banks are raising their prime lending rates to the highest levels since the global financial crisis of 2008, following a hefty interest rate hike by the U.S. Federal Reserve. Financial Post Top Stories Sign […]
Article content KAMPALA — Uganda has confirmed seven cases of Ebola in the country after it declared an outbreak of the disease earlier this week when a 24-year-old man showed symptoms and later died, a health ministry official said on Thursday. “As of today, we have seven confirmed cases, of whom we have one confirmed […]
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 […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Uditha Jayasinghe Article content Consumer inflation in Sri Lanka accelerated to 70.2% in August, the statistics department said on Wednesday, as the island nation reels under its worst economic crisis in decades. The National Consumer Price Index (NCPI) rose 70.2% last month from a year […]
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 TOKYO — Japan’s ruling party is ramping up calls for a fresh spending package worth at least $105 billion to cushion the blow from rising inflation, reinforcing fears that the world’s third largest economy will lag others in pruning huge fiscal support. A package worth at least 15 trillion yen ($105 billion) was […]