BizTrendWire Your quick daily dose of business trends
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Source: Reuters (via feed) HSBC's CEO, Georges Elhedery, said the Asia-Middle East corridor was becoming "a defining axis of global growth." He made this statement days before the U.S. and Israel launched strikes on Iran.…
Source: Reuters (via feed) Hungary returned two armoured bank vehicles seized from Ukraine on Thursday. The Hungarian authorities withheld cash and gold worth approximately $82 million. They cited an investigation into alleged money laundering as…
Source: Reuters (via feed) India's financial crimes agency has frozen properties worth 5.82 billion rupees, equivalent to $63.07 million. The Enforcement Directorate announced the freeze on Thursday. The properties are linked to Reliance Home Finance…
Source: Reuters (via feed) Investment funds managed by large financial firms such as KKR and Blue Owl have experienced recent declines in their stock prices. The declines come as investors question the quality of the…
Source: Reuters (via feed) Indian households are rushing to buy electric induction stoves. Stocks are being drained both online and in stores. This buying surge is linked to fears of a potential cooking gas shortage.…
Source: Reuters (via feed) Top Italian insurer Assicurazioni Generali is interested in replacing French insurer AXA as a partner for Monte dei Paschi di Siena. This information was provided by Generali’s chief executive. Generali also…
Source: Reuters (via feed) The National Stock Exchange of India announced on Thursday that it has appointed 20 merchant banks to manage its initial public offering. This is the largest number of merchant bankers selected…
Source: Reuters (via feed) India's sourcing of non-Hormuz crude has increased to 70% of its total crude imports, Oil Minister Hardeep Singh Puri said in parliament on Thursday. He added that India's current crude supply…
Source: Reuters (via feed) India’s retail inflation rose 3.21% year-over-year in February, government data showed on Thursday. This figure increased from a revised 2.74% recorded in January. BizTrendWire Insight: The government released updated retail inflation…
Source: Reuters (via feed) SoftBank's PayPay will begin trading on the Nasdaq later on Thursday. The Japanese payments app raised about $880 million in its initial public offering in the United States. The debut follows…
Source: Reuters (via feed) Poland said on Thursday it foiled a cyberattack on its nuclear research centre. The government is examining signs that Iran may be behind the attack. Officials cautioned that the indicators might…
Source: Reuters (via feed) JPMorgan Chase has restricted lending to private credit firms, Bloomberg News reported on Wednesday. This action follows the bank marking down the value of certain loans in the portfolios of these…
Source: Reuters (via feed) Markets in the U.S. and globally are under observation today. The report is based on the latest analysis from Reuters. Market trends and movements are noted for their relevance. The photo…
Source: Reuters (via feed) India’s retail inflation rose to 3.21% year-over-year in February. This follows a revised rate of 2.74% in January, according to government data released on Thursday. The data provides the latest official…
Source: Reuters (via feed) Many Wall Street firms expected military action before U.S.-Israeli air strikes on Iran's Supreme Leader. This anticipation came as a result of warnings from ex-military and national security advisors. These advisors…
Source: Reuters (via feed) India has received a request from Bangladesh for diesel supplies. This information was provided by Randhir Jaiswal, a spokesperson for India’s foreign ministry. The statement was made on Thursday. No additional…
Source: Reuters (via feed) HSBC and Standard Chartered are the most exposed European banks to the conflict in the Middle East, J.P. Morgan noted on Thursday. The investment bank issued a caution regarding this exposure…
Source: Reuters (via feed) India's $5 billion packaged water market faces uncertainty due to the ongoing Iran war. The conflict has unsettled the sector just before the peak summer season. The war is affecting the…
Source: Reuters (via feed) The International Energy Agency said on Thursday that the war in the Middle East is creating the biggest oil supply disruption in the history of the global market. This announcement came…
Source: Reuters (via feed) TP ICAP reported a 3.6% increase in its annual pre-tax profit on Thursday. The jump was supported by volatile markets over the past year. Strong performance in its global broking division…
Source: Reuters (via feed) Global real estate company Savills said on Thursday that it would acquire real estate investment bank Eastdil Secured. The acquisition price values Eastdil Secured at $1.1 billion on an enterprise basis.…
Source: Reuters (via feed) India's external balance and government finances could be hit if oil prices stay high for an extended period, economists have said. Rising oil import costs and subsidies needed to keep key…
Source: Reuters (via feed) BMW's operating profit margin for its core automotive segment fell more than forecast in the fourth quarter. The company announced this development on Thursday. The decline in margin affected the core…
Source: Reuters (via feed) An Italian military base in Iraqi Kurdistan was struck by a missile overnight. The Italian defence ministry confirmed the incident on Thursday. No injuries were reported. BizTrendWire Insight: The Italian defence…
Source: Reuters (via feed) Swiss investment firm Partners Group chair Steffen Meister warned that default rates in private credit could double over the next few years. The warning was reported by the Financial Times on…
