reuters , lyft (LYFT) It forecast current-quarter revenue below Wall Street’s estimates on Thursday, blaming extremely cold weather in some of its key markets and low prices especially during peak hours, sending its shares down nearly 25 percent in extended trading. Sent down %. The company’s approach was unlike that of its bigger rival Uber …
Opinion vaccine He promises to put an $8 cap on credit-card late fees, which would hurt low-income consumers.
London CNN , Russia will bite crude oil production Half a million barrels per day starting in March came a little more than two months after the world’s major economies imposed price limits on the country’s seaborne exports. “We will not sell oil to those who directly or indirectly violate the principles of the price …
An organization that provides a code of practice for banks has called on signatory banks to introduce transaction monitoring technology that can identify authorized push payment (APP) fraud. The Lending Standards Board (LSB) provides independent monitoring of banks that voluntarily sign up for it. Contingency Reimbursement Model Code, As part of the code, the …
Adani Group plans to repay a $500 million loan due next month to a consortium of banks, as the Indian conglomerate looks to consolidate its finances following short seller attacks. Barclays Plc, Standard Chartered Plc and Deutsche Bank AG were among the banks that gave Adani $4.5 billion in …
Reserve Bank of India (RBI) governor Shaktikanta Das said that an individual client – the Adani group – will not bring down the Indian banking system as the country’s banking sector is resilient and strong. Asked about the Indian bank’s exposure to the Adani group and comments from credit …
Indian banking system will not be affected by “case like this”: RBI chief on Adani controversyndtv profit Adani crisis: How bad is your bank’s exposure to SBI, PNB, Adani Group?Peppermint RBI on Adani: Indian banks’ exposure to group not significant, lenders flexible and strongmonocontrol ‘Banks don’t lend to Adani based on share price’, clarifies RBI …
Sydney reuters , Australia’s central bank on Tuesday raised its cash rate by 25 basis points to a decade high of 3.35% and reiterated that a more hawkish policy stance than many expected would require further increases. Concluding its February policy meeting, the Reserve Bank of Australia (RBA) also abandoned previous guidance that it was …
MUMBAI: The brokerage has maintained its bullish stance on State Bank of India (SBI) after it delivered another strong quarterly performance. Shares of the country’s largest lender ended unchanged at ₹543.90 per share on the NSE. Its value has declined by more than 10% in the past month, with most of the loss being due …
Usher follows in the footsteps of Wellington’s former financial aide Mark McQueen, who is leaving for other endeavors. CIBC Innovation Banking has announced that Mark Asher is its new leader following the recent news that Mark McQueen is stepping down. Asher has been named President and Executive Managing Director of CIBC Innovation Banking and …