Today, Tinkoff signed a Cooperation Memorandum with the Non-Profit Association for the Development of the RTS Financial Market (NP RTS Association), a primary shareholder of SPB Exchange, agreeing to purchase a stake of up to 7.5% in SPB Exchange from the NP RTS Association. The agreement was signed on the sidelines of the 2021 St. Petersburg International Economic Forum.

Risk Leaders AUD, NZD Soar, Yen Rallies, Stocks Rise

A staggering 3.8 billion people use social media, around half the internet users worldwide. With these figures in mind, social media giants are eager to reach the digitally connected consumer and monetise their userbases.

Integral (www.integral.com), a leading technology company in the foreign exchange market, reported today average daily volumes (ADV) across Integral platforms totaled $46.9 billion in May 2021. This represents an increase of +8.3% compared to April 2021 and an increase of +43.9% compared to the same period in 2020.

Reported ADV represents volumes traded across the group’s entire liquidity network, including TrueFXTM and Integral OCXTM, in aggregate.

Masthaven Bank has today announced a number of new changes to its bridging range, which was revamped at the start of 2021. The latest changes include the launch of the bank’s lowest ever bridging rate, the introduction of re-bridging on its core bridging product, and a move towards more flexible lending criteria, designed to give borrowers cost-effective short-term finance they can use for a range of purposes.

British Business Investments, a commercial subsidiary of the British Business Bank, today announces a £50m commitment to private credit provider Apera Asset Management.

The investment will be deployed through a Separate Managed Account (SMA), enabling British Business Investments to take a tailored approach and invest in UK companies only.

At bi-monthly monetary policy review today, RBI has projected India’s GDP growth at 9.5 per cent for the ongoing Financial Year of 2021-2022.

Indian Chamber of Commerce (ICC) highly appreciates Apex Bank’s decision to step up its efforts to ensure liquidity in the system with another G-SAP worth Rs. 1.2 lakh crore planned for this fiscal year.

Sovos , global tax software provider, today announced the availability of Sovos Advanced Periodic Reporting platform. The new platform brings hundreds of customers onto next generation architecture designed for performance, scalability, enhanced functionality and expanded global coverage.

Financial institutions have, for a while now, been operating in a highly cost challenged environment. These firms will continue walking the tight rope of executing on efficiency, digital transformation and supporting the business. Post-COVID when our dear planet begins to get back to some form of normality in the months ahead, it does not necessarily assume that wallets will be loser and further budget constraints are expected to be with us for some time.