Bloomberg India’s central bank rejected all bids for its benchmark bond at an auction after yields jumped on concern the regulator’s measures to support the debt market fell short of expectations. The yield on the benchmark 10-year bond rises to its highest in over five months in early trading while corporate notes had their biggest weekly loss since May. Traders ...

Bloomberg Big banks still had 810 billion euros ($970 billion) of capital markets-related assets to move from the UK to the European Union at the end of September, underlining the extent of the moves ahead as they adjust to operating after Brexit. International banks have agreed to shift a total of about 1.2 trillion euros of assets to European units, ...

Bloomberg Ex-Commerzbank AG Chief Executive Officer (CEO) Martin Blessing is planning to raise funds for a special purpose acquisition company (SPAC) targeting deals in the European financial industry. Blessing has been speaking with potential partners about listing a blank-check company in Amsterdam. He’s seeking to raise about 300 million euros ($359 million), they said. Credit Suisse Group AG is advising on ...

Bloomberg Shares of State Bank of India, the nation’s largest by assets, surged this week by the most in almost three decades, buoyed by plans to tackle bad debt and a profit that beat expectations. The Mumbai-based lender jumped 39.4% — most since March 1992 — to a record close of 393.10 rupees. Investors cheered the fact that higher provisions ...

Bloomberg Bitcoin climbed towards $40,000 in a rally that helped the market value of digital tokens scale a new peak. The largest cryptocurrency rises as much as 4.3% to $39,499 on Saturday, taking it closer to early January’s record of almost $42,000. The value of more than 6,000 tokens tracked by CoinGecko hit an unprecedented $1.22 trillion. The jump comes ...

Bloomberg Westpac Banking Corp. is working with JPMorgan Chase & Co. as it prepares to kick off a formal sale process for its life insurance business as soon as this month, according to people with knowledge of the matter. AIA Group Ltd., Dai-ichi Life Holdings Inc. and Meiji Yasuda Life Insurance Co. are among the firms that have been approached ...

Bloomberg BNP Paribas signalled higher revenue and potential share buybacks this year after reporting weaker-than-expected trading results and a slowdown at fixed-income business. The French bank posted an uneven fourth-quarter performance that saw net income and provisions beat estimates, while overall revenue and trading came in below expectations. While the lender signaled an uncertain outlook as the pandemic continues to ...

Bloomberg The first hints of trouble emerged in the spring of 2020. The world was in the early throes of a mysterious pandemic, which first obliterated demand then super-charged internet and mobile computing when economies regained their footing. That about-face — in a span of months — laid the seeds for potentially the most serious shortage in years of the ...

Bloomberg ByteDance Ltd.’s TikTok unit is said to have identified five possible locations for a new headquarters in Dublin with space for about 2,000 workers. The Chinese tech firm is seeking about 200,000 square feet of space initially, according to the person, who asked not to be identified as the information is private. TikTok plans to move staff into the ...

Bloomberg Apple Inc. has held talks with Hyundai Motor Co. and Kia Motors Corp. about building an electric vehicle, though the discussions paused, according to people familiar with the situation. Apple has also been discussing similar plans with other auto manufacturers, the people said. They asked not to be identified discussing private matters. The secret project has ramped up in ...