BizTrendWire Your quick daily dose of business trends
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Source: Reuters (via feed) Britain's Revolut said on Wednesday that regulators had lifted restrictions on its UK banking licence. This change allows the fintech firm to launch as a bank in the UK. It ends…
Source: Reuters (via feed) Global shares declined on Wednesday while the dollar remained steady. This followed data showing U.S. inflation increased as expected in February. Investor focus was mainly on the price of oil. Attention…
Source: Reuters (via feed) Newly-appointed Supreme Leader Mojtaba Khamenei was lightly injured but is continuing to operate, an Iranian official told Reuters on Wednesday. BizTrendWire Insight: An Iranian official confirmed the health status of the…
Source: Reuters (via feed) India is arranging crude and liquefied natural gas (LNG) supplies from alternative sources, Sujata Sharma said on Wednesday. She is the joint secretary in the federal oil ministry. Sharma said there…
Source: Reuters (via feed) India said it has coal stocks totaling about 210 metric tons. The stock is enough for approximately 88 days of demand. The coal ministry said this in a statement on Wednesday.…
Source: Reuters (via feed) Germany's central bank announced it will leave its 1970s-era headquarters in Frankfurt. The decision follows a political storm over rising renovation costs. The Bundesbank plans to buy a new site. The…
Source: Reuters (via feed) Bank of England Deputy Governor Sarah Breeden said on Wednesday the central bank is "genuinely open to other ways" of regulating systemic stablecoins. She expressed disappointment about the lack of constructive…
Source: Reuters (via feed) Israeli officials have acknowledged there is no certainty that the war against Iran will result in the collapse of its clerical government. A senior Israeli official made this statement during closed…
Source: Reuters (via feed) The benchmark BSE Sensex fell 1.7% to 76,863.71 at the close. The NSE Nifty 50 index dropped 1.6% to 23,866.85. These declines came as the Middle East war escalated. Investors worried…
Source: Reuters (via feed) Janus Henderson said on Wednesday its board had determined that Victory Capital's proposal to buy the asset manager was not superior to the take-private deal with Trian and General Catalyst. BizTrendWire…
Source: Reuters (via feed) A foreign hacker accessed files related to Jeffrey Epstein held by the FBI. The hack happened after a server in the Child Exploitation Forensic Lab at the FBI’s New York Field…
Source: Reuters (via feed) Ukrainian military trainers will help Germany’s military meet a target of readiness by 2029. The goal is for Germany’s army to be prepared to defend against any Russian attack on NATO.…
Source: Reuters (via feed) Some clients of QatarEnergy, including Shell and TotalEnergies, have declared force majeure to customers who take liquefied natural gas (LNG) from Qatar through them. This information was provided by three sources…
Source: Reuters (via feed) India will permit Chinese investment in additional sectors through a fast-track approval mechanism. This information was disclosed by New Delhi's investment secretary on Wednesday. BizTrendWire Insight: The announcement relates to procedural…
Source: Reuters (via feed) Indian gas firm GAIL has bought a liquefied natural gas cargo from Oman, three trade sources said. The purchase was confirmed by the sources but no additional details were provided. The…
Source: Reuters (via feed) India's fintech firm Cred has received approval from the country's central bank to operate as a payment aggregator. The company announced the approval on Wednesday. Cred is backed by Tiger Global…
Source: Reuters (via feed) Financial market volatility can amplify economic shocks in the euro zone, European Central Bank Vice President Luis de Guindos said on Wednesday. The ECB will examine various scenarios for growth and…
Source: Reuters (via feed) Italian banks Monte dei Paschi di Siena (MPS) and Mediobanca approved steps toward a full merger. The approval came after tensions among shareholders and directors. These tensions led the MPS board…
Source: Reuters (via feed) Thomson Reuters provides an investigative tool used by immigration enforcement agencies. Employees in Minnesota want the company to stop its use by U.S. Immigration and Customs Enforcement. Thomson Reuters is best…
Source: Reuters (via feed) Private equity firm CVC Capital Partners reported an annual profit slightly above expectations. This information was made public on Wednesday. No additional details were included in the report. BizTrendWire Insight: CVC…
Source: Reuters (via feed) The European Central Bank will move quickly and decisively if more expensive fuel due to the Iran war leads to durably higher euro zone inflation. This was stated by ECB policymaker…
Source: Reuters (via feed) The Indian rupee's recovery faces a test on Wednesday from choppy oil prices and foreign outflows from the country's equity market. Traders remain cautious about the currency holding past the 92-per-dollar…
Source: Reuters (via feed) Indian shares may open little changed on Wednesday. This follows a brief pullback in oil prices. The market week has been volatile globally. Mixed signals about the U.S.-Israel conflict with Iran…
Source: Reuters (via feed) The U.S. Navy has declined near-daily requests from the shipping industry for military escorts through the Strait of Hormuz. These requests have been made since the start of the war on…
Source: Reuters (via feed) The White House stated on March 10 that the U.S. military has not yet escorted any commercial ships through the Strait of Hormuz. This was reported shortly after official remarks were…
