UK seeks to help listed firms raise more money on stock market
Britain has launched a review into speeding up how listed companies can raise funds on stock markets. This is its latest move to keep London at the forefront of global financial centres after Brexit. Britain’s markets raised 30 billion pounds in new equity. This is as the companies sought to shore up their finances during the […]
G7 finance officials endorse principles for central bank digital currencies
G7 finance officials endorsed 13 public policy principles. This is for retail central bank digital currencies. The treasury department announced this through their statement. Group of Seven finance ministers and central bankers said in a joint statement that the innovation in digital money and payments has the potential to bring significant benefits. But also raises considerable public policy and […]
Shopify enlists Microsoft, Oracle for business tools on app
Canadian e-commerce platform Shopify is teaming up with top cloud companies including Microsoft Corp and Oracle Corp. This is for helping the merchants streamline their business operations. Business owners on the platform can now access Enterprise Resource Planning (ERP) tools including Microsoft Dynamics 365 Business Central, Oracle NetSuite and Infor on the Shopify app. Previously, […]
Money markets ramp up global rate hike bets
As inflationary pressures mount worldwide, money markets are charging ahead with pricing aggressive interest rate rises. Energy prices at multi-year highs and relentless supply chain snarls have raised fears of a future inflation spike. Norway and New Zealand have become the first developed countries to lift rates as economies recover from the pandemic crisis. And hawkish shifts […]
Former UBI top executives acquitted in governance trial
An Italian court acquitted the former top executives of UBI Banca in a trial over alleged governance irregularities at the regional bank. Former UBI CEO Victor Massiah and Intesa Sanpaolo’s Honorary Chairman Giovanni Bazoli were both acquitted together with another 27 people on trial. Bazoli stated that he deeply appreciates the professional qualities and independence shown […]
Mediobanca, top investor Del Vecchio reach truce on bylaws changes
Mediobanca endorsed a request by its top shareholder Leonardo Del Vecchio to ditch a rule reserving up to three board seats to managers of the Italian merchant bank. The decision was welcomed with deep satisfaction. Del Vecchio in turn withdrew a second proposal to amend the company’s bylaws, which had been criticised by Mediobanca’s board. Mediobanca […]