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India regulator to tell brokers, funds to limit use of financial influencers -sources

India's market regulator will direct brokers and mutual funds to limit the use of financial influencers in advertising and marketing campaigns, according to two people with direct knowledge of the matter.

Mumbai , Maharashtra , India , Australia , Jayshreep-upadhyay , Sandeep-parekh , Investment-commission , Exchange-board-of-india , Reuters , Thomson-reuters-trust-principles , Exchange-board , Australia-securities

Hong Kong mirrors Fed rate hike, banking liquidity at fresh 2008 lows

The Hong Kong Monetary Authority (HKMA) raised its main policy rate on Thursday, following the U.S. Federal Reserve's move, even as weakness in its pegged currency forced the de facto central bank to deplete banking system cash to 15-year lows.

New-york , United-states , Hong-kong , China , Donny-kwok , Eddie-yue , Jacqueline-wong , Reuters , Standard-chartered-bank , Hong-kong-monetary-authority , Thomson-reuters-trust-principles , Chief-executive

Shopify offloads its logistics baggage

Shopify is finding that simpler is better after all. The Canadian e-commerce firm said on Thursday that it is cutting staff by 20% and selling its logistics arm to freight company Flexport in exchange for a 13% equity interest, to add to Shopify's existing small stake. Investors welcomed the move: Shares of the company led by Tobias Lütke shot up over 20% in morning trade.

Canada , Toronto , Ontario , Canadian , John-foley , Europe-jpmorgan , Amanda-gomez , Unilever , Thomson-reuters-trust-principles , Reuters-breakingviews , Although-shopify , Sharon-lam

Exclusive: Israel seized Binance crypto accounts to 'thwart' Islamic State, document shows

Israel has seized around 190 crypto accounts at crypto exchange Binance since 2021, including two it said were linked to Islamic State and dozens of others it said were owned by Palestinian firms connected to the Islamist Hamas group, documents released by the country's counter-terror authorities show.

London , City-of , United-kingdom , Syria , Germany , Vienna , Wien , Austria , Gaza , Israel-general- , Israel , Iraq

Tel Aviv Stock Exchange picks economist Kandel as new chair

The Tel Aviv Stock Exchange has appointed veteran Israeli economist and former advisor to the prime minister, Eugene Kandel, as its new chairperson, the bourse said on Monday in a regulatory filing.

Israel , Jerusalem , Israel-general- , Tel-aviv , Israeli , Benjamin-netanyahu , Steven-scheer , Eugene-kandel , Thomson-reuters-trust-principles , Tel-aviv-stock-exchange , Israel-national-economic-council , Reuters

India market regulator seeks six-month extension to complete Adani probe

India’s market regulator has asked for a six-month extension to complete its probe into possible lapses in securities market laws and regulatory disclosures by billionaire Gautam Adani's Adani group, according to a court document seen by Reuters.

Mumbai , Maharashtra , India , Gautam-adani , Jayshreep-upadhyay , Clelia-oziel , Thomson-reuters-trust-principles , Hindenburg-research , Supreme-court-on , Exchange-board-of-india , Reuters , Supreme-court

Fed's SVB review finds there's no "I" in "blame"

The death of Silicon Valley Bank is a whodunnit with many perpetrators, according to a review conducted by the Federal Reserve and released on April 28. So many, in fact, that the report makes it hard to point the blame anywhere in particular.

San-francisco , California , United-states , Michael-barr , Randal-quarles , Lauren-silva-laughlin , Jerome-powell , Twitter , Silicon-valley-bank , Federal-reserve , Thomson-reuters-trust-principles , Reuters-breakingviews

Mastercard profit beats estimates as consumers weather tough economy

Mastercard Inc on Thursday beat estimates for quarterly profit as travel demand held up against a turbulent economy, and bet on resilient consumer spending through the year.

United-states , Bengaluru , Karnataka , India , American , Manya-saini , Shinjini-ganguli , Reuters , Mastercard , Thomson-reuters-trust-principles , Mastercard-inc , American-express

LSEG affirms 2023 targets, gets shareholder nod for buyback

London Stock Exchange Group on Thursday reaffirmed financial targets for the year and secured shareholder approval for a previously announced buyback of shares from the Blackstone/Thomson Reuters consortium.

Bengaluru , Karnataka , India , London , City-of , United-kingdom , Dhanya-ann-thoppil , David-schwimmer , Chandini-monnappa , London-stock-exchange-group , Reuters , Thomson-reuters-trust-principles

Column: Nickel faces huge supply glut as Indonesian output booms

The nickel market is facing a massive supply glut this year as surging Indonesian production continues to outpace global demand.

China , Indonesia , Shanghai , London , City-of , United-kingdom , Chinese , Indonesian , Kirsten-donovan , World-stainless-association , Shanghai-futures-exchange , Thomson-reuters-trust-principles