[ US treasury secretary Janet Yellen wrapped up four days of talks in China with a warning to the country’s banks and exporters: If you help bolster Russia‘s military capacity, Washington will come after you.“I stressed that companies, including those in the PRC, must not provide material support for Russia’s war, and that they will … Read more
[ TOKYO: Rakuten Group plans to integrate its fintech businesses into one group, it said on Monday, aiming to strengthen collaboration and customer acquisition across areas from online banking and credit cards to securities and insurance. Rakuten Group and Rakuten Bank entered into a memorandum of understanding on the re-organisation, which is set to take … Read more
[ Annuities are back on the table for retirement, but savers should act sooner rather than later if they want to nail down one before payouts fall, experts have warned. Annuities offer a guaranteed annual income in retirement. They offer an alternative to drawing down money from a pension pot, which could eventually run out, … Read more
[ New Delhi: JM Financial, a large investment bank in India, and its subsidiaries have over the last few days been at the receiving end of strict actions by the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI) for a wide range of alleged violations. These violations pertain to … Read more
[ The last mortgage rate below 4 per cent has been pulled from the market in what one expert described as a “hammer blow” to the industry. HSBC was the final provider to offer a five year fixed rate that was under 4 per cent but it is increasing its deal, which is currently at … Read more
[ MUMBAI: RBI‘s FAQ on what next for Paytm customers makes it clear that while most of Paytm Payments Bank functions will be halted, the digital infrastructure that the company has built for UPI payments will continue – both for customers and shopkeepers who do not have accounts in PPBL.What happens after RBI’s extended deadline … Read more
[ HSBC has cut several short-term mortgage rates while also increasing the rate on its long-term 10-year fixed deal. The bank has cut costs on its two, three and five-year fixed mortgages by up to 0.45 percentage points, but its 10-year fixed rate – available for those with a 25 per cent deposit or equity … Read more
[ Inheritance tax (IHT) receipts are on course to “break all previous records,” with more experts calling for reform to the UK’s “most hated” tax. HMRC revealed it had received £5.7bn in the nine months between April and December 2023. This intake is £400m more than the same period of 2022 – an increase of … Read more
[ The economy grew by 0.3 per cent in November, new figures from the Office for National Statistics (ONS) show. The ONS said the services sector was the main contributor to the monthly growth in Gross Domestic Product (GDP). Services output grew by 0.4 per cent in November 2023, following a fall of 0.1 per … Read more
[ This Thursday, the Bank of England will decide whether to keep the base rate at its current level of 5.25 per cent, or change it. It is widely expected that it will hold it once again at 5.25 per cent. The recent moves to hold the interest rate along with signs of cooling inflation … Read more
