Finance News
Britain local councils need stronger fiscal powers for devolution push
Britain’s debate over devolution is turning toward whether local councils, not only metro mayors, need stronger control over taxation and public services. The argument draws on the Victorian ...
Old Second Bancorp ratings affirmed as KBRA lifts outlook to positive
Old Second Bancorp is entering the second half of 2026 with a stronger earnings profile and funding mix after integrating Evergreen. The outlook revision signals that credit and capital trends are ...
U.S. House panel backs Main Street Capital Access Act for community banks
Support is building around a bipartisan U.S. banking bill that seeks to ease regulatory burdens and expand capital access for community lenders. The measure passes the House on Tuesday by a ...
Newfoundland and Labrador community hall renovation draws over $1.3 million in government funding
A long-standing community venue on Newfoundland and Labrador's Burin Peninsula is set for a major upgrade aimed at improving access and cutting energy use. The planned renovation of St. ...
RBI to conduct ₹75,000 crore VRR auction on July 27
After reviewing the current and evolving liquidity conditions, the Reserve Bank of India will conduct a three-day Variable Rate Repo (VRR) auction on July 27, 2026. This move focuses on managing ...
Burnham economic agenda draws focus as cost-of-living plans take shape
With his new cabinet now in place, Andy Burnham is setting out a wider governing agenda that extends beyond this week's measures on bus fares, energy bills and business rates. The discussion ...
BP nears Lightsource sale to Kuwait-backed consortium as it cuts debt
BP is moving closer to a sale of its solar developer Lightsource as the company accelerates asset disposals to strengthen its balance sheet and sharpen its focus on oil and gas. The prospective ...
India's foreign exchange reserves increased on a weekly basis, with annual growth also seen in bank credit and deposits.
The latest weekly data on Indian banking and monetary indicators show a mixed trend in liquidity, credit flow, and reserve position in the financial system. As of July 17, 2026, total foreign ...
RBI auctions Treasury Bills worth ₹24,000 crore
A fresh auction of 91-day, 182-day, and 364-day Treasury Bills under the Government of India's short-term borrowing program is scheduled for July 29, 2026. The settlement for this total offer of ...
Mercury Systems seen benefiting as Pentagon expands missile-defense satellite spending
Rising missile threats and expanding U.S. defense modernization are drawing investor attention to suppliers of electronics used in advanced surveillance and interception systems. Mercury Systems ...
South East Water secures £200mn financing to support bond plans
Britain's water sector faces intensifying financial and regulatory pressure as South East Water moves to shore up funding after warning over its longer-term liquidity needs. The utility says the ...
American Express raises 2026 revenue forecast as affluent spending supports profit
Stronger travel and dining purchases by higher-income cardholders are helping American Express outperform broader concerns about consumer caution and living costs. The company lifts its full-year ...
Full subscription in RBI's July 2026 government securities auction
In the July 2026 government securities auction, the notified amount for both issued securities was fully accepted, indicating steady market demand. There was no devolvement on primary dealers for ...
Anduril explores funding round at about $100 billion valuation
Investor appetite for defense technology is pushing private company valuations higher as military demand expands. Anduril is now in talks on a new fundraising that could value the California-based ...
UK firms signal slower price and wage increases, BoE survey shows
British businesses expect slightly smaller price and wage increases over the coming year as lower energy costs ease some near-term pressure. The latest Bank of England survey still shows inflation ...
Victoria posts lower annual revenue, sets FY2027 EBITDA target after refinancing
Victoria reports audited results for the year ended 28 March 2026 as weak trading conditions weigh on sales and profitability. The flooring manufacturer also points to operational improvements, ...
ETF providers accelerate product launches as U.S. issuers chase high-demand trades
Exchange traded fund launches are climbing to a fresh annual high in 2026 as asset managers rush to capture investor appetite for narrowly targeted and higher-risk strategies. More than 1,000 new ...
The Reserve Bank of India has set the cut-off rates for the government securities underwriting auction on July 24.
On July 24, 2026, the cut-off rates for underwriting commission payable to primary dealers for government securities are determined in the additional competitive underwriting auction. This process ...
RBI's money market operations report shows net liquidity absorption on July 23
On July 23, 2026, the total overnight segment turnover in the Indian money market was recorded at ₹673,445.78 crore, with the weighted average rate at 5.07%. On the same day, RBI's operations ...
FERC faces pressure to expand grid technology incentives and interconnection automation
Grid modernization and power plant connection delays remain at the center of U.S. energy policy as federal regulators weigh how far current law lets them push utilities and developers. At a Senate ...
Los Angeles County public works authority refunding bonds win AA+ Fitch rating
Los Angeles County returns to the municipal bond market with a $246.3 million lease revenue refunding deal tied to county asset occupancy. The new 2026 series K bonds carry a Stable Outlook, while ...
