Titanic shipbuilder Harland & Wolff collapses into administration | Shipping industry

Titanic shipbuilder Harland & Wolff collapses into administration | Shipping industry

Harland & Wolff, the Belfast-based shipbuilder that produced the Titanic, has collapsed into administration. The company has appointed administrators from Teneo to oversee the process after failing to find new funding to stay afloat. So far only the parent company, Harland & Wolff Group Holdings plc, is in administration, and its shipyard subsidiaries are continuing … Read more

Banking system liquidity back at surplus; markets see signs of softer RBI stance

Banking system liquidity back at surplus; markets see signs of softer RBI stance

After a brief swing to the deficit mode, liquidity in the banking system returned to a surplus this week, with analysts interpreting the Reserve Bank of India’s tolerance of extra cash with banks as a tilt towards easier policy ahead of the official interest rate statement next month. For seven days in September, the RBI … Read more

Morgan Stanley, Goldman Sachs, this smallcap fund buy Nuvama shares worth Rs 1,235 crore via block deals

Morgan Stanley, Goldman Sachs, this smallcap fund buy Nuvama shares worth Rs 1,235 crore via block deals

Nuvama Wealth Management on Friday witnessed a series of block deals where Morgan Stanley, Goldman Sachs and Smallcap World Fund Inc bought shares at a combined cost of Rs 1,235 crore. While Morgan Stanley purchased 3.42 lakh shares at a total cost of Rs 229 crore, Goldman Sachs picked up 3.24 lakh shares and the … Read more

Former ‘rudest restaurant in London’ fined after mice found in kitchen | Food & drink industry

Former ‘rudest restaurant in London’ fined after mice found in kitchen | Food & drink industry

A restaurant in London’s Chinatown once called the capital’s rudest has been fined more than £40,000 after mice and cockroaches were found in its kitchen. Wong Kei, which has traded on Wardour Street for decades and was “once famous for its impersonal level of service”, as the online guide to Chinatown puts it, was prosecuted … Read more

How much should you spend on rent? Here's what experts say

How much should you spend on rent? Here's what experts say

(NewsNation) —  In light of cooling inflation, the Federal Reserve cut its benchmark interest rate by half a percentage point — and another drop could come as price pressures continue to ease. Housing costs are following suit: Mortgage rates are falling, and Zumper‘s national rent index shows that the median rent for a one-bedroom apartment went … Read more

NRI Rajiv Jain’s GQG to pay $500,000 penalty to settle US SEC charges

NRI Rajiv Jain’s GQG to pay 0,000 penalty to settle US SEC charges

US-based NRI investor Rajiv Jain-led GQG Partners, best known in India for investing in Adani stocks, has been charged by the US Securities and Exchange Commission (SEC) for allegedly violating whistleblower protection rules. The boutique investment firm has agreed to settle charges by paying a $500,000 penalty. “The SEC’s order finds that GQG violated whistleblower … Read more

Libya central bank deal could resolve ‘all political issues’, says head of state | Libya

Libya central bank deal could resolve ‘all political issues’, says head of state | Libya

A deal backed by leaders on both sides of Libya’s political divide to appoint a new central bank governor has the potential “to resolve all the political issues” in the country, Libya’s head of state has said. Mohamed al-Menfi, the president of Libya’s Presidential Council who is largely aligned with the UN-recognised government in Tripoli, … Read more

Tech View: Nifty takes a breather with small negative candle, bullish view intact. How to trade on Monday

Tech View: Nifty takes a breather with small negative candle, bullish view intact. How to trade on Monday

The Nifty50 index formed a small negative candle on the daily chart at the new highs, which indicates a breather-type pattern post the upside breakout. As happened in the past, the market is expected to shift into a range-bound action for a few sessions before witnessing another upside breakout. On the weekly chart, it formed … Read more

JPMorgan Chase is prepared to sue the U.S. government over Zelle scams

JPMorgan Chase is prepared to sue the U.S. government over Zelle scams

JPMorgan Chase CEO and Chairman Jamie Dimon gestures as he speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, D.C., on Dec. 6, 2023. Evelyn Hockstein | Reuters Buried in a roughly 200-page quarterly filing from JPMorgan Chase last month were eight … Read more