Author: Jordan

India eyes market comeback with $1bn IPO for SBI Funds Management Financial Times Source link

Last Updated : Jul 13 2026 | 8:31 PM ISTThomas Cook (India) has introduced Zero Markup Card by relaunching its One Currency Card with Zero Mark-up and Zero Cross-Currency Conversion Charge. Designed for India’s rapidly growing base of digitally savvy and frequent international travellers, the card offers a smarter, more transparent and cost-efficient payment solution for overseas travel. The company’s latest offering combines the convenience of modern travel cards with the inherent advantages of a prepaid forex card, including the ability to lock in foreign exchange rates before travel. This provides customers protection against currency volatility a key concern amid…

Office landlords across Chicagoland are stacking wins. For the first time since 2022, downtown office vacancy rates dropped, and now suburban office vacancy rates are decreasing for the first time since 2019. While the numbers only decreased a sliver, it’s a welcome sign of positive momentum. Suburban Chicago available office space dropped from 33.4 percent to 33.1, according to Crain’s, the first quarterly dip since before the pandemic. Landlords around the suburbs are hoping that the mass work-from-home office exodus has run its course and that the course correction provides momentum for future leasing efforts. The improvement is aided by the redevelopment…

IMF warns Andy Burnham he cannot afford to boost public spending Financial Times Source link

Alternative Investment Trust (AIQ) has notified the ASX of its daily buy-back activity, repurchasing 19,259 ordinary units fully paid on 16 July 2026 as part of its ongoing on-market buy-back program. The trust, which manages a diversified portfolio of alternative investments, has now acquired a cumulative total of 3,024,724 units since the buy-back commenced in September 2022. The daily notification demonstrates the trust’s continued execution of its capital management strategy designed to enhance unitholder value. Key Points Alternative Investment Trust (AIQ) repurchased 19,259 ordinary units on 16 July 2026 under its on-market buy-back program Total consideration paid for units acquired…

Landlords are taking out more mortgages to buy properties despite the battering they have received from recent legislative and tax changes, latest figures show. UK Finance, the trade organisations for mortgage lenders, has revealed that the number of loans advanced to landlords during the first three months of this year increased by 3.26% to just over 58,000 compared to the same period last year. It represents a total loans value of £10.8billion, a 7% rise year-on-year. There is also further good news from the market, UK Finance’s market update highlights, revealing that the average gross buy-to-let rental yield for Britain…

Thomas Cook India launches Zero Markup Forex Card for overseas spends scanx.trade Source link

The central bank of Chile, the world’s largest copper producer, recently lowered its 2026 economic growth forecast, but it raised its average copper price forecast to US$5.90 per pound. The change reflects strong global demand and limited mine supply. It also shows that copper remains one of the world’s strongest commodity markets, even as economic growth slows.  As the biggest producer, Chile has a major influence on global copper supply. Copper is essential for power grids, electric vehicles (EVs), renewable energy, battery storage, and AI data centers. Higher prices could benefit mining companies while supporting the industries driving the global…

Dudley Building Society has announced a series of rate cuts across its residential, buy-to-let, holiday let and expat mortgage ranges, with reductions of up to 100 basis points (bps). Available for both purchase and remortgage cases, the refreshed range includes reductions across selected two-year and five-year fixed rate products, as well as discounted products. In its residential expat range, a two-year fix at 85% LTV and a five-year fix at 75% LTV have both reduced from 6.50% to 5.50%. A residential standard two-year discount at 90% LTV has been cut by 75bps to 5.40%. A buy-to-let two-year fix…

Federal Council’s plans for the Lex Koller are causing divisions Keystone-SDA The consultation on the planned tightening of the Lex Koller law has revealed a deep divide between the political camps. Whilst business organisations and estate agents warn of serious disadvantages, political parties on both the left and right welcome the proposal. Listen to the article Listening the article Toggle language selector English (US) English (British) Generated with artificial intelligence. This content was published on July 15, 2026 – 11:04 The Swiss government intends to respond to the tight situation on the housing market by tightening the rules. In future,…