Thousands of drivers could be left out of pocket for scrapping their non-compliant Ulez vehicles despite being promised payment in return. The warning comes after official documents revealed that the Ulez scrappage scheme, which offers drivers money in exchange for their vehicle, is set to run out of funds. Transport for London expects to have
This essay is part of the series “Budget 2024-25“ The Budget’s tax changes aim to curb speculative trading and align with economic conditions but have temporarily dampened market sentiment due to policy stability concerns On 23 July, Finance Minister Nirmala Sitharaman unveiled the Union Budget for 2024, marking her seventh consecutive presentation and the first
United Overseas Bank (UOB) Sydney Branch has raised A$1 billion (US$640.45 million) in four-year senior unsecured notes, the Singaporean lender’s second foray into the Aussie dollar market this year. The issuance is the largest conventional AUD single-tranche senior bond from a Singaporean Issuer. In April, UOB issued dual-tranche three-year unsecured notes amounting to A$1.25 billion.
11:49 AM COMMENT:: Need to monitor US corporate earnings closely Equity markets are reacting to economic weakness, highlighted by disappointing earnings from a few US consumer-focused companies. It’s crucial to monitor these developments closely in the coming months. – Trideep Bhattacharya is President and Chief Investment Officer- Equities of Edelweiss Asset
The tokenization of real-world assets or funds has become a popular trend among cryptocurrency enthusiasts. Last week, the asset management division of Coinbase, a U.S.-listed cryptocurrency exchange, announced the creation of a tokenized money-market fund. Zepbound, the weight loss drug from Eli Lilly, found to help cut heart failure risks Prior to that, BlackRock, the
The African Development Bank Group has approved a R18.85bn (US$1bn) corporate loan to Transnet, South Africa’s major freight transportation and logistics company, for its recovery and growth plans. The 25-year loan is fully guaranteed by the government of South Africa and will facilitate the first phase of the company’s R152.8bn (US$8.3bn) five-year capital investment plan
Just ahead of a pivotal Fed policy meeting and a clutch of Big Tech quarterly reports, US stocks fell, dragged by a drop of AI chip heavyweight Nvidia (NVDA). The S&P 500 (^GSPC) fell by 0.5% while the tech-heavy Nasdaq Composite (^IXIC) dropped roughly 1.3%, as investors awaited key earnings from the likes of Microsoft
Photo-Illustration: Intelligencer; Photo: Getty Images In March, I had a call with an influential former regulator in Washington, D.C., about the huge influx of crypto money that was already pouring in for the presidential election. It was a stunning change in the industry’s standing. Just a few months had passed since Sam Bankman-Fried was criminally
The government-backed savings organisation NS&I overshot its fundraising target last year, raising concerns that the Premium Bond prize fund rate could be cut again. Premium Bonds are one of the most popular products with savers, giving them a chance to win a cash prize each month. NS&I also helps the government raise money. A prize
US stocks fell on Tuesday led by a drop in shares of AI chip heavyweight Nvidia (NVDA) as investors awaited key earnings from the likes of Microsoft (MSFT) and AMD (AMD). The S&P 500 (^GSPC) fell 0.4% while the tech-heavy Nasdaq Composite (^IXIC) dropped roughly 1%, on the heels of a lackluster session for the