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Crown Agents Bank owner explores sale of British payments group –sources
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Oil prices rebound after OPEC upgrades China demand outlook
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Asian shares gain as fears about rapid Fed hikes, bank crisis fade
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KPMG stands by audits of Silicon Valley Bank and Signature Bank – FT
NatWest limits customers’ crypto transfers, citing scam concerns
Date: March 15, 2023
By Elizabeth Howcroft LONDON (Reuters) – Britain’s NatWest has imposed new limits on the daily and monthly amount customers can send to cryptocurrency exchanges, seeking to protect consumers from “crypto-criminals”, the bank said on Tuesday. From Tuesday customer transfers to cryptocurrency exchanges will be limited to 5,000 pounds ($6,088) per 30-day period, with no more...
London fears losing luxury shoppers to Paris and Milan
Date: March 14, 2023
By James Davey and Sarah Young LONDON (Reuters) – London’s luxury retailers fear the city is losing its pull as a shopping destination, with tourists from the United States, China and the Gulf flocking instead to Paris and Milan where tax breaks still offer a way to cut the cost of their purchases. With finance...
Meta to cut 10,000 jobs in second round of layoffs
Date: March 14, 2023
By Katie Paul and Nivedita Balu (Reuters) -Facebook-parent Meta Platforms said on Tuesday it would cut 10,000 jobs this year, making it the first Big Tech company to announce a second round of mass layoffs as the industry braces for a deep economic downturn. Meta shares jumped 6% on the news. The widely-anticipated job cuts...
Global equities gain, as rising bond yields pressure gold
Date: March 14, 2023
By Chris Prentice and Amanda Cooper NEW YORK/LONDON (Reuters) – Global shares stemmed a five-session rout on Tuesday as bank shares rebounded and key U.S. inflation data was in line with expectations, bolstering bets of a smaller interest rate hike by the Federal Reserve at its meeting next week. Bond yields in the U.S. and...
Legislate raises $3.6M to give startups & SMEs the technology to query and compare every contract
Date: March 14, 2023
Oxford University-linked Legislate raises funding as it allows businesses with hundreds of contracts to query and compare terms using its patented knowledge graph technology. UK-based Legislate today announced it has added $3.6M in funding in a round led by Parkwalk Advisors, with participation from Oxford Capital and several high-profile angel investors. Using its patented knowledge...
MFE offers to buy 1.05% stake in Mediaset Espana from Vivendi ahead of delisting
Date: March 14, 2023
(Reuters) – MFE-Mediaforeurope said on Tuesday it agreed with Vivendi to buy a 1.05% stake in Mediaset Espana it did not own yet for 10.7 million euros ($11.45 million) as it plans to delist the Spanish broadcaster. MFE, controlled by the family of former Italian Prime Minister Silvio Berlusconi, said the transaction is expected to...