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CBI To Probe Multi-Crore Scam By Three Co-op Banks In Karnataka: CM Siddaramaiah The CBI will investigate fraud committed by the directors, chief executives and staff members of the management board of three cooperative banks from Bengaluru. The Central Bureau of Investigation will probe into the financial irregulariti...
Banking & Finance
Investors Slash China Local Government Bond Tenors To Shortest On Record In the first half of 2023, the average tenor of onshore LGFV bond issuance fell to 2.51 years, down from 2.95 years in 2022. (Bloomberg) -- Investors in China’s local government financing vehicles are cutting the length of time they are prepared t...
Bonds Trading & Speculation
SEBI Introduces ASBA-Like Facility For Secondary Market Trading The new facility will become live by Jan. 1, 2024, the Securities and Exchange Board of India said in a circular. With an aim to safeguard investors' money from misuse and default by stock brokers, SEBI on Monday introduced a supplementary process for trad...
Stocks Trading & Speculation
The online shop Book Depository is due to close at the end of April, vendors and publishing partners have been told. This comes after the bookseller's parent company Amazon announced it had decided to "eliminate" a number of positions across its Devices and Books businesses. The Guardian reports: The Gloucester-based b...
Consumer & Retail
Unpaid carers say increased financial pressures mean they are unable to buy even basic essential items and feel forgotten by those in power. A young carer who supports three disabled adults said her family could not afford haircuts and underwear. Those who care for someone for at least 35 hours a week can claim £69.70...
Inflation
Some meat and vegetable lines at supermarkets have almost doubled in price over the past year, research has found, prompting fresh calls for the government to intervene as food industry figures gather for summit in Downing Street. Annual inflation on supermarket own-label budget items stepped up to 25% in April, accord...
Inflation
PM Jan Dhan Yojana Completes 9 Years Of Implementation; Here Are Some Interesting Facts The PM Jan Dhan Yojana was announced by Prime Minister Narendra Modi in his Independence Day address on August 15, 2014. The Pradhan Mantri Jan Dhan Yojana (PMJDY) on Monday completed nine years of successful implementation, the Fin...
Banking & Finance
Welcome back to Chain Reaction, a podcast that unpacks and dives deep into the latest trends, drama and news in crypto with some of the biggest names in the industry to break things down block by block for the crypto curious. For this week’s episode, Jacquelyn interviewed Maria Shen, a general partner on the investment...
Crypto Trading & Speculation
America's sovereign debt is considered the gold standard by investors and nations across the globe, with Treasuries viewed as a source of safe and stable returns. But on Tuesday, that sense of security was shaken when credit agency Fitch Ratingsfrom its highest level. The decision roiled markets on Wednesday, with the ...
Bonds Trading & Speculation
By Ludwig Burger FRANKFURT (Reuters) - Bayer said on Wednesday it was looking into splitting off either the diversified group's Consumer Health or Crop Science division, but ruled out a three-way split. "We considered simultaneously splitting the company into three businesses. We're ruling that option out," new CEO Bil...
Consumer & Retail
Less than a year after it first became clear that George Santos was a serial liar of the highest order, the New York congressman’s time in Congress has drawn to a close. On December 1, 2023, he was officially expelled from the House of Representatives, following the release of a report from the House Ethics Committee a...
Nonprofit, Charities, & Fundraising
For years, the world's largest cryptocurrency exchange, Binance, has been dogged by rumors of malfeasance and federal investigations. Today, in a set of accusations that will rock the already tumultuous world of crypto, the US Department of Justice revealed criminal charges against the company and its chief executive, ...
Crypto Trading & Speculation
Vulnerable families could increasingly be forced into destitution this winter because of the impact of universal credit deductions, anti-poverty campaigners have warned. People get reduced benefit payments when they owe the government money. This can be through no fault of their own such as mistaken overpayments, or de...
Inflation
ORLANDO, Fla. -- AAA won’t renew “a very small percentage” of homeowners and auto insurance policies in hurricane-wracked Florida, joining other insurers in limiting their exposure in the Sunshine State despite efforts by lawmakers to calm the volatile insurance market, the company said Tuesday. AAA said in a statement...
Real Estate & Housing
A mum has claimed her damp and mouldy council house has left her son "disfigured" with sores all over his body. Catherine Odigie, 42, Stockwell, says her nine-year-old son Raphael has suffered from itchy skin and swollen eyes and lips because of the problems in her house. Ms Odigie says the problems first started in he...
Real Estate & Housing
Origin Delays Vote As Brookfield Revises $12.5 Billion Bid Origin Energy will ask investors to vote on a revised $12.5 billion offer from a Brookfield Asset Management Ltd.-led group next month. (Bloomberg) -- Origin Energy Ltd. will ask investors to vote on a revised A$19.1 billion ($12.5 billion) offer from a Brookfi...
Energy & Natural Resources
Michael M. Santiago/Getty Images toggle caption A person pumps gas at a BP gas station in Brooklyn, New York, on June 12, 2023. Annual inflation eased to 3% in June, the lowest in over two years, and there's hope that it could go lower. Michael M. Santiago/Getty Images A person pumps gas at a BP gas station in Brooklyn...
Inflation
Rishi Sunak has hinted there will be no tax cuts on offer from the government before the next general election, as his party faces three by-elections next week. A number of Conservative backbenchers have been pushing the prime minister for reductions to a range of levies - including corporation tax, income tax and fue...
Inflation
DHS Previews Federal Register Notice Extending and Separately Redesignating Venezuela for Temporary Protected Status Redesignation Allows Additional Eligible Venezuelan Nationals Who Arrived in the U.S. on or Before July 31, 2023 to Apply for TPS and Employment Authorization Documents Venezuelan Nationals Who Enter Aft...
Workforce / Labor
Fewer than half of American workers qualify for a retirement plan through their job. But that lack of access is markedly worse in some states, which researchers warn could face a spike in senior poverty as a result, according to new study. About 69 million workers, or 56% of the nation's workforce, lack access to a ret...
Personal Finance & Financial Education
A woman claims British Gas debt agents broke into her home before force-fitting a pre-pay meter as she cared for her dying dad. Elizabeth Garrett, 34, says she was struggling with her mental health after spiralling into debt when they entered her property back in 2011. The mum says as she returned from visiting her dyi...
Energy & Natural Resources
The Bank of England will raise its main interest rate by 0.25 percentage points today, bringing it to 4.5 per cent, the highest level since 2008. This is bad news for those buying a house, a car, or anything else that’s paid for with debt. Conversely it should be good news for savers, because as a saver you’re lending ...
Interest Rates
Ed Miliband is to announce Labour’s plan for an energy independence act that would boost Britain’s energy independence and cut bills for families. The party says the bill will enable a Labour government to establish a UK electricity system fully based on clean power by 2030, with the largest expansion of renewable powe...
Energy & Natural Resources
FRANKFURT (Reuters) - The Federal Reserve and the European Central Bank may mop up as much as 90% of the money they pumped into banks over the last decade now that high inflation and interest rates make that extra liquidity unnecessary, a paper by a Fed economist showed on Thursday. The world's two largest central bank...
Interest Rates
Coinbase Global (COIN), the country’s largest crypto exchange, posted its seventh consecutive quarterly loss as its trading volumes and the number of people trading on its platform fell. Investors pushed the company's stock as much as 5% lower in after-hours trading following a nearly 9% rise during regular trading hou...
Crypto Trading & Speculation
The Securities and Exchange Commission cracked down on the biggest names in the cryptocurrency world last week. What does all of this mean for the industry, crypto stocks and digital currencies? Investors have a lot of questions. Yahoo Finance asked experts for some answers. Is this an existential threat? One legal exp...
Crypto Trading & Speculation
While a plethora of products have been developed to meet the crypto needs of consumers, there are limited options designed to assist enterprises in managing digital assets. Many companies thus find themselves storing a significant amount of cryptocurrency in centralized exchanges and self-custodial wallets that are ill...
Crypto Trading & Speculation
Staff at Tesco stores are to be offered body cameras amid a rise in violent attacks, the supermarket's chief executive has said. The company has seen physical assaults increase by a third since last year. It mirrors findings by the British Retail Consortium (BRC) published earlier this year, which found abuse against r...
Consumer & Retail
Online grocery carts tend to include less variety and fewer fruits and vegetables than those in a trip to a brick-and-mortar supermarket – but online shoppers are less susceptible to unhealthy impulse buys, a new Cornell study has found. In an analysis of nearly 2 million shopping trips, the researchers – doctoral stud...
Consumer & Retail
Withdrawal Of Rs 2,000 Notes Pushes Deposit To Six-Year High In June: Report The credit/deposit ratio has been generally trending upward since the later part of FY22. Withdrawal of Rs 2,000 notes by Reserve Bank on May 19 and the subsequent near total return of the currency to the system has buoyed deposit accretion to...
Banking & Finance
My landlord wanted to put the rent up 35% despite cap - By Georgina Hayes - BBC Disclosure Rents in Scotland have risen by more than England despite a high-profile 3% cap on increases imposed by the Scottish government earlier this year. Catherine Sheldon is one of thousands of young Scots struggling with the cost of l...
Real Estate & Housing
The public deadline for the Reddit API changes is July 1. Popular third-party client Apollo is one of the casualties, and just released its swan song update asking users to decline a refund on their outstanding subscriptions. Many other clients are also shuttering in two days time, with API usage costs set to skyrocket...
Consumer & Retail
After Saturday night's drawing came and went without a winner, the Powerball jackpot has ballooned to a staggering $1.2 billion (yes, billion with a b.) The next drawing is Wednesday, Oct. 4, and according to the Multi-State Lottery Association, it's the third largest jackpot in Powerball history. The last Powerball wi...
Personal Finance & Financial Education
Discover more from The Serving Times The Karen Index Customers Feel Pinch of Inflation as the Spending Threshold to Feel Superior to Customer Service Workers Rises Samantha DeVos is a regular Target customer from Orange, CT. Today, however, Samantha’s experience has been anything but regular. As Samantha scans her item...
Inflation
Unveiling significant tax cuts before next year’s general election would put Britain’s “scary” public finances in further peril and risk the nightmare scenario of even higher interest rates, one of the country’s most influential economists has said. Paul Johnson, director of the Institute for Fiscal Studies, also made ...
Interest Rates
Atlantic City casino profits fall 7.5% in 3rd quarter of 2023 New Jersey gambling regulators say Atlantic City’s casinos and two internet-only entities earned $281 million in the third quarter of this year ATLANTIC CITY, N.J. -- Atlantic City's casinos and two internet-only entities earned $281.2 million in the third q...
Consumer & Retail
In the 2019 general election, the term “Workington man” was used to represent the group of lifelong Labour voters who dramatically switched to the Conservative party and spurred Boris Johnson’s victory across the “red wall” in the north and Midlands of England. Nearly four years on, and after Rishi Sunak’s first confer...
United Kingdom Business & Economics
If you’re a fan of Reddit, you’ve likely heard of the Apollo for Reddit app. Well, it might not be around much longer if the founder gets priced out with Reddit’s new API pricing. Christian Selig, the creator of the Apollo for Reddit app, took to Twitter today to announce that he had just gotten off a call with Reddit ...
Consumer & Retail
The Prince of Wales has opened a homelessness-charity project for young people in work or apprenticeships who need help finding affordable housing. Centrepoint says the project opened by Prince William - bringing 33 new mini flats to Peckham, south London - is a response to the "housing crisis". The homes are construct...
Real Estate & Housing
IREDA IPO Allotment Date, Where To Check Allotment Status, Subscription Details All you need to know about IREDA IPO Allotment Indian Renewable Energy Development Agency (IREDA) recently concluded its Initial Public Offering (IPO) subscription period on November 23. The IPO, amounting to Rs 2,150.21 crores, witnessed r...
Stocks Trading & Speculation
DES MOINES, Iowa -- There is no mystery why the Mega Millions jackpot has grown to $1.55 billion, making it the third-largest ever ahead of Tuesday night's drawing. The prize has ballooned because no one has matched the game's six winning numbers since April 18, amounting to 31 straight drawings without a big winner. T...
Consumer & Retail
The top official at the Treasury who was sacked days after Liz Truss became prime minister received an exit payout of £335,000. Sir Tom Scholar was fired after Ms Truss pledged to change "Treasury orthodoxy" during the Tory leadership campaign last year. His dismissal was criticised by former officials, who said it wa...
United Kingdom Business & Economics
MCX- Earnings Upside Beyond Rs 500 Crore Limited In FY25 But Multiple Expansion Could Happen: ICICI Securities MCX has applied for approvals and renewals with the SEBI for select products. BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top broke...
Stocks Trading & Speculation
Subscribe to Here’s the Deal, our politics newsletter for analysis you won’t find anywhere else. Thank you. Please check your inbox to confirm. Jennifer Peltz, Associated Press Jennifer Peltz, Associated Press Leave your feedback NEW YORK (AP) — Donald Trump is set to testify Nov. 6 at his New York civil fraud trial, f...
Real Estate & Housing
Third-party merchants on Amazon who ship their own packages will see an additional fee for each product sold starting on Oct. 1st. Sellers could previously choose to ship their products without contributing to Amazon, but the new fee means members of Amazon’s Seller Fulfilled Prime program will be required to pay the c...
Consumer & Retail
The government faces a legal challenge to its decision to cut investment in walking and cycling in England, over claims that the move bypassed legal processes and risks scuppering commitments over the climate emergency and air pollution. Lawyers acting for the Transport Action Network (TAN), a campaign group, have writ...
Renewable Energy
The International Monetary Fund (IMF) has reached a staff-level agreement with Pakistan on a $3bn standby arrangement, the lender said, a decision long awaited by the South Asian nation which is teetering on the brink of default. The deal, subject to approval by the IMF board in July, comes after an eight-month delay a...
Banking & Finance
Container Corp Q2 Review - Lower LLF Provisioning Drives Ebitda; Volume Growth Set To Improve: Motilal Oswal Container Corporation’s market share at various ports in H1 FY24 stood as follows: JNPT - 60%, Mundra - 36%, Pipavav - 45% BQ Prime’s special research section collates quality and in-depth equity and economy res...
Stocks Trading & Speculation
When the Securities and Exchange Commission denied Grayscale its petition for a Bitcoin ETF, that action was “arbitrary and capricious,” an appeals court ruled today. The SEC ruling has been vacated. Last year, Grayscale applied for the approval for the fund and was denied. An ETF, or exchange-traded fund, is a pooled ...
Crypto Trading & Speculation
(Bloomberg) -- Tyson Foods Inc. plunged the most since March 2020 after the biggest US meat company cut its full-year sales forecast on what it described as “challenging” market conditions. Most Read from Bloomberg The company said it now sees revenue of $53 billion to $54 billion this year, below its earlier forecast ...
Consumer & Retail
Labour has pledged to cover public land and housing estates with solar panels as part of a net zero plan aimed at cutting £93 billion from the nation’s energy costs. Sir Keir Starmer, the Labour leader, said he would win support for new “clean power” infrastructure by making sure that local people experience the benefi...
Renewable Energy
Working age benefits could be cut in real terms as part of the Government’s drive to reduce public spending and fund tax cuts, The Telegraph understands. Whitehall sources have told The Telegraph that ministers are considering uprating benefits in line with earnings instead of inflation next year, in a move that could ...
Inflation
A County Antrim woman who had to choose between caring for her husband or her sister has called for greater support. Miriam Murray, who is also recovering from cancer, said the appointment of a dementia carers co-ordinator by the charity Praxis was "progressive". But she feels more needs to be done to support unpaid ca...
Nonprofit, Charities, & Fundraising
With help from Derek Robertson The revolution will not be copyrighted. Everyone from billionaire moguls to anonymous coders working in the digital equivalent of their parents’ garage is betting on a future where more of the computer code running the world is free and open-source. Open-source software is nothing new. Bu...
Crypto Trading & Speculation
Cello World IPO Allotment Finalised: Where & How To Check Allotment Status Follow steps to check allotment status, subscription details and more Cello World Limited recently offered its shares to the public for the first time through an Initial Public Offering (IPO). This IPO was open for subscription from October 30, ...
Stocks Trading & Speculation
The California Reparations Task Force is asking the Democrat-controlled state legislature to eliminate interest on past-due child support, as well as any back child support debt for Black residents of the state. In its final report released last week, the group claimed "discriminatory" laws "have torn African American ...
Inflation
For anyone who anticipates retiring one day, planning is critical. This means saving throughout your career, calculating your future Social Security benefits and anticipating your expenses in retirement. But retirement planning for high-net-worth individuals can be even more complex. These people, who have at least $1 ...
Personal Finance & Financial Education
More councils could be at risk of insolvency over the coming months as local authorities in England struggle to fill a £3bn funding black hole caused by inflationary costs and soaring demand for services, town hall leaders have said. According to the Local Government Association (LGA), several councils are in “an endga...
Inflation
A falling population could make the UK better off in the coming decades despite fears about the burden from older people, according to a study. Research by the OBR watchdog's chief forecaster suggests that fears about numbers plateauing and coming down could be unfounded. Professor David Miles said that while many ex...
United Kingdom Business & Economics
Rising interest rates have sent profits at HSBC soaring as the banking giant set out plans to hand billions more dollars to its shareholders. HSBC said profits more than doubled to $7.7bn (£6.35bn) in the three months to September from the same period a year ago, although that was below forecasts. It said it had benef...
Interest Rates
Half of working private renters are only one paycheque away from potentially losing their home, according to new research. Some 51% of private renters surveyed by housing charity Shelter said they would not be able to keep paying their rent for a full month from their savings if they lost their job. More than a third (...
Real Estate & Housing
Welcome back to Chain Reaction. To get a roundup of TechCrunch’s biggest and most important crypto stories delivered to your inbox every Thursday at 12 p.m. PT, subscribe here. The digital asset space is still trucking along, while there were some big headlines, the week was arguably a little less chaotic (for now). Ch...
Crypto Trading & Speculation
Labour's deputy leader has refused to promise to raise the state pension in line with the "triple lock" if her party wins power. Angela Rayner said it could not commit to the policy, under which pensions rise by the highest of prices, average earnings or 2.5%, until an election. She added it would need to inspect the c...
Inflation
Sir Keir Starmer and Rachel Reeves have formally ordered the Shadow Cabinet not to make any unfunded spending pledges ahead of the next general election, i can reveal. The Labour leader and Shadow Chancellor moved to stamp their authority on the top team with a stern warning that any loose promises by frontbenchers ris...
United Kingdom Business & Economics
NEW YORK -- Donald Trump will be back in court next week for his New York civil fraud trial, a person familiar with the former president’s plans told The Associated Press on Thursday, setting up a potential face-to-face showdown with fixer-turned-foe Michael Cohen, who is expected to testify. The 2024 Republican front-...
Banking & Finance
By Ross Kerber (Reuters) - California's top public pension fund on Friday said it will more than double its climate-focused investments to $100 billion by 2030 and consider selling stocks in companies with poor plans for the energy transition. Staff for the California Public Employees' Retirement System (CalPERS) said ...
Renewable Energy
A sharp fall in inflation delivered a boost to the housing market on Wednesday as City traders cut their bets on further Bank of England interest rate rises. Shares in Britain’s listed housebuilders surged to enjoy their biggest one-day gain since 2008 after official figures showed inflation eased to a 16-month low of ...
Interest Rates
Image caption, Lynn Benson needed the trustees to sign paperwork before she could sell her mum's homeFormer clients of a law firm that went bust say they have been left out of pocket, frustrated and disappointed.McClure solicitors, founded in Greenock in 1853, had tens of thousands of clients across Britain and special...
Real Estate & Housing
England’s housing crisis will push many local authorities into bankruptcy as the increasing cost of emergency accommodation for thousands of homeless families threatens to overwhelm council budgets, leaders have warned. The worst-hit councils are now spending millions of pounds a year – in some cases between a fifth an...
Real Estate & Housing
The cost of living unexpectedly increased last month after three consecutive months of easing, driven by dining out and food price rises. Inflation, which measures the increase in the price of something over time, jumped to 10.4% in the year to February from 10.1% in January. Food costs rose at their fastest rate for 4...
Inflation
Brandon Bell/Getty Images toggle caption High inflation has been particularly tough for people who rely on Social Security for their income. Brandon Bell/Getty Images High inflation has been particularly tough for people who rely on Social Security for their income. Brandon Bell/Getty Images Inflation held steady last ...
Inflation
With help from Derek Robertson In January, this newsletter took a look at emerging ideas for state-backed digital money — speculating that a new breed of e-money was poised to take the center of the global stage. As we cross the mid-year threshold, a slew of developments from the U.S., Europe and the rest of the world ...
Banking & Finance
WASHINGTON -- Millions of Social Security recipients will get a 3.2% increase in their benefits in 2024, far less than this year's historic boost and reflecting moderating consumer prices. The cost-of-living adjustment, or COLA, means the average recipient will receive more than $50 more every month beginning in Januar...
Inflation
HSBC To Sell Retail, Business Bank Units In Mauritius The transaction includes assets and liabilities tied to about 38,000 customers, according to a statement. (Bloomberg) -- HSBC Holdings Plc has agreed to sell its retail and business banking units in Mauritius to Absa Group Ltd., the latest push by Europe’s biggest l...
Banking & Finance
Labour leader Sir Keir Starmer's refusal to abolish the two-child limit on claiming some benefits will be challenged at a meeting of the party's policy body this weekend. Sir Keir is facing a growing backlash from across his party over the issue. Labour's National Policy Forum brings together trade union representative...
Inflation
- Sam Bankman-Fried took the stand for the first time in his fraud trial on Thursday. - However, he testified without a jury present, as Judge Lewis Kaplan sent jurors home early to decide whether some lines of defense were admissible. - This week's testimony is just the latest example of the defense team's struggle to...
Crypto Trading & Speculation
Bitcoin Flashes Signals Of Possible Spike In Volatility After Historic Lull Bitcoin may be closer to bursting out of a period of unusually low volatility if chart patterns and the token’s history are any guide. (Bloomberg) -- Bitcoin may be closer to bursting out of a period of unusually low volatility if chart pattern...
Crypto Trading & Speculation
Spooked by the high price of Halloween candy? There’s not much relief in sight. For the second year in a row, U.S. shoppers are seeing double-digit inflation in the candy aisle. Candy and gum prices are up an average of 13% this month compared to last October, more than double the 6% increase in all grocery prices, acc...
Inflation
Retirement in Canada vs. America: An Overview American and Canadian governments provide many of the same types of services who have reached the age of retirement. However, Canadian retirees have fewer worries than their American counterparts, thanks to a more generous retirement system. According to Canada's statistica...
Personal Finance & Financial Education
Dick’s Sporting Goods on Tuesday blamed “organized retail crime” for sinking its quarterly profits by nearly 25% as the company slashed its full-year earnings outlook. The popular retail chain reported a 23% drop in profits in the second quarter across its more than 700 stores nationwide — despite sales rising 3.6%. Di...
Consumer & Retail
KK Shah Hospitals IPO Allotment Finalised: Where & How To Check Allotment Status All you need to know about KK Shah Hospitals IPO KK Shah Hospitals Limited, formerly Jeevan Parv Healthcare recently concluded its IPO on October 31. The IPO, with a fixed price of Rs 45 per share, aimed to raise Rs 8.78 crores through the...
Stocks Trading & Speculation
Britons support Labour policies on taxing the rich, employment rights, doctors, and climate change, but oppose those on strikes As we edge closer and closer to the next general election, Labour continues to maintain a consistent lead of 15 points or more in YouGov’s Westminster voting intention polls. While many people...
Workforce / Labor
Fashion giant H&M has become the latest retailer to charge shoppers who return items bought online. Customers now must pay £1.99 to return parcels either in store or online, with the cost taken from their refund. However, returns are still free for H&M members. Rival retailers such as Zara, Boohoo, Uniqlo and Next alr...
Consumer & Retail
Poor scrutiny of the “complex” tax system has led to relief abuse and even fraud, an influential finance committee of MPs have warned. The Treasury Committee is calling for a systematic review into the cost of over a thousand forms of tax relief which they say are “complex, un-costed and exploited” in a new report. Cha...
Inflation
Aegis Logistics Q2 Results Review - Outlook Intact Amid Stable Performance: Motilal Oswal Construction of India’s largest cryogenic LPG terminal with a capacity of 80,000 million tonne at Mangalore is currently underway. BQ Prime’s special research section collates quality and in-depth equity and economy research repor...
Stocks Trading & Speculation
The Securities and Exchange Commission is formally engaging with asset managers ahead of a much anticipated decision on whether the regulator will approve a bitcoin ETF, according to memos published this week. The regulator said in a memo that it met with Grayscale on Thursday about the potential conversion of the Gray...
Crypto Trading & Speculation
SEBI Looking To Introduce 'MF Lite' Regulations For Passive Funds Capital markets regulator Securities and Exchange Board of India is engaged with the mutual fund industry to introduce 'MF Lite' regulations for passive funds, a move that will reduce the compliance burden and foster innovation. Capital markets regulator...
Banking & Finance
Republican Rep. Nancy Mace warned of the "staggering challenge" Congress faces in finding a solution to the high cost of child care as pandemic-era federal funding is set to expire within weeks, a situation being referred to as the "child care cliff." The The Century Foundation, a progressive think tank. Millions of pa...
Workforce / Labor
Key Takeaways - Procter & Gamble Co. (P&G) will take up to $2.5 billion in charges for a restructuring along with an impairment related to its Gillette business. - The consumer products company said the restructuring would take place primarily in certain of its enterprise markets, including Argentina and Nigeria. - Pro...
Consumer & Retail
Cryptocurrency prices remained under pressure to end the week. Bitcoin was lower by about 5% at $26,366.99, according to Coin Metrics, following a stunning fall late Thursday, when it dropped to as low as $25,533.70. For the week, bitcoin is down more than 10% and on pace for its seventh weekly loss in the past eight a...
Crypto Trading & Speculation
LONDON (Reuters) - Big U.S. investors at the top five western oil firms' shareholder meetings this year rebuffed an activist group's resolutions to align their emission targets with the Paris climate pact, in contrast to some European peers, voting data showed. Netherlands-based activist group Follow This was created f...
Energy & Natural Resources
Chainalysis' head of investigations doesn't seem to have a great understanding of whether her company's flagship software even works. From a report: Elizabeth Bisbee, head of investigations at Chainalysis Government Solutions, testified she was "unaware" of scientific evidence for the accuracy of Chainalysis' Reactor s...
Crypto Trading & Speculation
FORT LAUDERDALE, Fla. -- Seventeen Florida sheriff's deputies appeared in court Thursday on charges that they stole about half a million dollars in pandemic relief funds. The Broward County deputies, who are charged separately, are accused of a range of crimes, according to court records. Most are charged with wire fra...
Banking & Finance
Planning red tape is holding back Rishi Sunak’s bid to make Britain a life sciences ‘superpower’, officials have been told, amid a dearth of laboratory space across the UK. Figures seen by the Telegraph show that around 56pc of planned life science developments in Britain’s so-called ‘Golden Triangle’ of Oxford, Cambri...
Real Estate & Housing
When Zoe Jiang was at home in China, packing her bags to stay in Sydney, she did not think to bring an item that would prove essential — a tent. Key points: - Thousands of international students flooded back into Australia in January to resume their studies - Sydney's rental vacancy rate has plummeted, leading to a 35 ...
Real Estate & Housing
- CNBC analyzed the balance sheets of seven retailers to determine how much money they're actually losing from shrink and retail theft. - Generally, the inventory losses are only a small fraction of the retailers' net sales. They also pale in comparison to other factors squeezing margins, such as excessive discounting ...
Consumer & Retail
Walt Disney’s ESPN sports network could secure an enterprise value of $24 billion and attract investment interest from sports leagues, tech firms like Apple and telecom majors including Verizon, according to BofA Global Research. In a bid to lure an outside investor, the media giant last month disclosed the financials ...
Consumer & Retail
Britain’s weight problem costs almost £100bn a year, analysis suggests, prompting calls for a government crackdown on unhealthy food and a drive to promote fresh ingredients. The spiralling cost shows that the growing prevalence of people being overweight is “an absolute public health disaster”, said Henry Dimbleby, th...
Inflation
Finerio Connect, a Mexico City-based fintech startup, raised $6.5 million in new funding to continue development on its open finance platform providing access to personalized financial products and services. Nick Grassi and José Luis López, both co-CEOs, started the company in 2018 with the vision of enabling the compl...
Latin America Economy
The judge overseeing the $250 million civil trial against Donald Trump and his company ordered the former president's daughter Ivanka Trump to testify in the case. Judge Arthur Engoron said Friday she could not be called as a witness before Nov. 1, giving her time to appeal the ruling if she chooses. Trump's attorneys ...
Banking & Finance