European Shares Rise as Defence Stocks Rally

Defence stocks rise in India39;s plan to triple exports Sweden39;s Castellum leads real estate stocks lower Energy stocks decline after oil prices retreat Feb 13 Reuters European shares rose on Monday as defence stocks jumped on news of India aiming to triple its defence exports, while a fall in real estate stocks on disappointing quarterly […]
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Sterling Edges Lower ahead of Key Data

Feb 13 Reuters Sterling edged lower on Monday at the start of a dataheavy week in which investors will scan inflation prints from the UK and the U.S. to make bets on the pace of further interest rate hikes. UK inflation likely eased further in January to 10.2 from 10.5 in December, having seemingly peaked […]
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Shares Steady, Dollar Gains ahead of U.S. Inflation Data

MSCI AllWorld index flat after last week39;s slide Dollar extends gains before U.S. CPI, retail data A chorus line of Fed officials to speak this week LONDONSYDNEY, Feb 13 Reuters Global shares steadied, while the dollar rose on Monday, ahead of U.S. inflation data that could define the outlook for global interest rates, while news […]
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Singapores DBS Says Exposure to Adani Group is Tightly Managed

SINGAPORE, Feb 13 Reuters DBS Group has a tightly managed exposure to India39;s Adani group of companies, the chief executive of Southeast Asia39;s largest bank said on Monday. DBS was among a group of banks which provided finance to Adani39;s 10.5 billion acquisition of Holcim39;s cement business in India last year. The Singapore bank provided financing of […]
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Binance Stablecoin Backer Ordered to Stop Issuing Token

LONDON, Feb 13 Reuters New York39;s chief financial regulator has ordered Paxos, the company behind the stablecoin of major crypto exchange Binance, to stop issuing the token, Paxos and the regulator said in separate statements on Monday. The Binance USD BUSD stablecoin, one of the world39;s biggest, is issued and redeemed by New Yorkbased Paxos […]
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