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Govt revives strategic sale of IDBI Bank after scrapping bids
The government has revived the strategic sale of its stake in IDBI Bank, along with LIC's holding, after previous bids were rejected. A fresh valuation is underway, with officials considering whether to re-engage existing bidders or restart the process to expedite the sale and maintain investor confidence.
Ares Slashes Value of Three Clearlake-Owned Software Companies
Ares Management Corp. wrote down the value of loans to three Clearlake Capital Group-owned software businesses, as it warns of difficult conversations ahead with companies vulnerable to disruption from artificial intelligence.
Westpac, ANZ, NAB: Australia's big banks lay down defences as millions of homeowners brace for interest pain
Westpac, ANZ, NAB: Australia's big banks lay down defences as millions of homeowners brace for interest painREAD MORE: Major blow for millions of Aussie families as RBA raises ratesBy DEREK ROSE FOR AUSTRALIAN ASSOCIATED PRESS and KAAREN MORRISSEY FOR AUSTRALIAN ASSOCIATED PRESS Published: 00:40, 29 April 2026 | Updated: 00:40, 29 April 2026 e-mail View comments
A fresh financial crisis may be coming - it won't play out like the last one
A fresh financial crisis may be coming - it won't play out like the last one5 minutes agoShareSaveAdd as preferred on GoogleSimon JackBusiness EditorBBCOn 15 September 2008, Bobby Seagull arrived at his office in Canary Wharf just before 6am.It was the last time he would need to be on time. He was a trader at Lehman Brothers, an American bank undergoing serious turbulence."We had seen on the Sunday news from America, they're filing for bankruptcy. We weren't quite sure [what]...
UK faces £35bn hit and risk of recession this year over impact of Iran war, thinktank warns
Niesr says even under best-case scenario, economy would grow at slower pace in 2026 and 2027 because of conflictBritain is facing a £35bn economic hit and the risk of a recession this year as the fallout from the Iran war adds to the pressure on Keir Starmer’s government, a leading thinktank has warned.The National Institute of Economic and Social Research (Niesr) said that even under a best-case scenario the UK economy would grow at a much slower pace this year and next because of the Middle Ea...
UK economy set for £35bn hit from Middle East energy crisis, think tank says
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Locations where it typically takes longer to sell a home than last year revealed
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City regulator reviewing whether APRs help consumers understand borrowing costs
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Bank Groups Eye Changes to Fed’s Relaxed Capital Proposals
Bank groups said that although the Federal Reserve’s eased capital plans are a major improvement over previous versions, the recent proposals still need changes to help avoid risk assessments they say may hinder banks’ ability to boost lending.
Feds have rejected 15% of businesses' tariff refund claims
MoneyWatch Feds have rejected 15% of businesses' tariff refund claims .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Megan Cerullo Megan Cerullo Reporter, MoneyWatch Megan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News 24/7 to discuss her reporting. Read Full Bio Megan Cerullo April 28, 2026 / 6:16 PM E...
Clarence Seedorf explains why Arsenal can win Champions League over PSG or Bayern Munich
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Top tip... don't import US-style service charges! Mailman reveals NY waiter row
The Daily Mail columnist said he was publicly humiliated after handing a restaurant server a 15 per cent tip, and said America's 'aggressive' tipping culture must not be welcomed into Britain.
Tensions push WTI near $100, Brent above $111 as Hormuz risk hangs over global energy markets
Oil prices continued their upward trajectory as of early Wednesday, April 29, 2026, driven by persistent anxieties surrounding the ongoing risks faced by tankers crossing the Strait of Hormuz.According to the latest market data from 5:54 AM Beijing time, benchmarks showed significant gains across the board, even as traders digest the UAE's decision to quit OPEC and OPEC+ effective May 1, 2026.Hormuz Strait 'toll': Oil prices drift back to $100/barrel mark — what it will take to get things going...
Asia Open Clouded by US Stock Drop on OpenAI Fears: Markets Wrap
Stocks in Asia are set for a subdued start after a tech-led selloff dragged down US benchmarks, as doubts resurface over whether massive spending in artificial intelligence will pay off — just as traders brace for a wave of megacap earnings.
Oil Holds Gains as Traders Focus on Next Steps for Peace Talks
Oil steadied as investors focused on the next steps for peace talks over the Iran war, with the crucial Strait of Hormuz remaining effectively closed, extending disruptions that have upended global markets.
Upstate New York man pleads guilty to stealing more than $50M in Ponzi scheme
NewsWorldAmericasUpstate New York man pleads guilty to stealing more than $50M in Ponzi schemeAn upstate New York businessman accused of stealing over $50 million from hundreds of people has pleaded guilty to charges related to a Ponzi schemeMichael Hill Tuesday 28 April 2026 23:04 BSTBookmarkBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","removeBookmark":"Remove bookmark"},"showComments...
More deaths than births expected in UK over next 10 years as population growth slows
The UK population is projected to grow more slowly than previously predicted over the next few decades, driven by lower net migration, before starting to decline in the mid-2050s, new ONS projections reveal.
Oil lifeline: First tankers slip through Hormuz Strait
The first oil and gas shipments are beginning to move through the Strait of Hormuz after weeks of disruption, signaling a possible easing of tensions following a two-month conflict between the United States and Iran.Ship-tracking data compiled by Bloomberg shows that the LNG tanker Mubaraz has successfully exited the chokepoint, marking the first such transit since hostilities began. The vessel, loaded at ADNOC’s Das Island facility in Abu Dhabi, had gone dark in late March before reappearing th...
Oil tycoons deny paying bribes to former Nigerian minister
Oil tycoons deny paying bribes to former Nigerian minister5 hours agoShareSaveAdd as preferred on GoogleSteve SwannSouthwark Crown CourtReutersFormer oil minister Diezani Alison-Madueke denies the charges against herTwo oil executives have denied paying bribes to former Nigerian oil minister Diezani Alison-Madueke, a court has been told.Statements made by Kevin Okyere and Igho Sanomi to UK investigators were read out in Southwark Crown Court on Tuesday.The men are part of a group of industry ins...
First Independence Bank CEO: Fed is Doing a 'Fine Job'
First Independence Bank Chairman & CEO and Chair of the American Bankers Association Kenneth Kelly discusses the importance of stability in the banking system and why the Fed is doing a fine job given the uncertainty. He talks with Romaine Bostick and Katie Greifeld on "The Close." (Source: Bloomberg)