Nor’easter brings flooding, power outages across US Northeast, over 400 flights canceled

The Securities and Exchange Board of India (Sebi) has proposed a revamp of its settlement framework, including a simpler formula for calculating settlement amounts, lower additional charges for refiling withdrawn applications, and allowing applicants to seek settlement at the appellate stage before the Securities Appellate Tribunal (SAT) and the Supreme Court.   The…

Meetings showed “a range of views” among Governing Council members about the economy’s resilience, the Bank revealed, with growing concern about the possibility of rising oil costs impacting prices elsewhere. “The longer oil prices remain elevated, the bigger the risk that their inflationary effects broaden,” the Bank said. Members emphasized they “would not let higher…

Indianapolis has joined several other cities and states in pausing or restricting construction of new data centers. The Department of Metropolitan Development, which serves both Indianapolis and surrounding Marion County, approved a measure to pause construction of new centers until the end of 2027. This is just a few days after Pennsylvania Gov. Josh Shapiro…

The next working capital lever for chief financial officers may not require renegotiating supplier terms, borrowing more cheaply or squeezing additional days out of days payable outstanding. It may already be embedded in the payment decision itself. “At the end of the day, AP is responsible for the largest liability of corporate cash for most…

A lender is suing to foreclose on a mostly empty office building in Midtown. The lender, Bank 2018-BNK13, filed a complaint in federal court in the Southern District of New York last week asking a judge to foreclose on an office building’s $37.5 million mortgage and appoint a receiver to run the property. The lender…

Republican lawmakers circulated a new version of the Clarity Act on Thursday (Sept. 10), ahead of the Senate’s return from its recess next week, CoinDesk reported Thursday. The new text of the crypto bill includes tweaks to how it would address the crypto activities of decentralized finance firms and traditional finance firms, but it largely…