One sector now owns more than a third of the TSX
Bank shares now decide where the whole index goes, and that cuts both ways

Bank shares now decide where the whole index goes, and that cuts both ways

The government of India has decided to exercise the green-shoe option in the share sale offer of Life Insurance Corporation (LIC) after institutional investors over-subscribed the portion reserved for non-retail investors by putting in bids worth Rs 36,400 crore. Four years after the initial public offering (IPO), which had fetched Rs 21,000 crore, the government…
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HSBC and Standard Chartered face a small bump in their capital requirements from proposed changes to the UK’s leverage ratio, while other UK lenders would see a reduction. The new rules, unveiled by the Bank of England’s Financial Policy Committee (FPC) on July 7, favour domestic activity over international operations. “It is more likely that…
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The Federal Reserve left its key interest rate unchanged Wednesday despite persistently high inflation caused by the Iran war and a spike in energy prices. The Fed’s rate-setting committee reached the 9-3 decision after two days of deliberations, marking the fifth straight meeting at which it kept its benchmark rate at around 3.6%. Dissenting from…
The first live B2B agentic transaction in Greater China shows how AI agents are beginning to move from administrative tools into operational roles. In the transaction, LianLian’s LoopXPay agent—with support from Visa’s agentic commerce solutions—managed a supplier payment process within defined spending and approval parameters. The agent autonomously mapped the purchasing requirement, suggested potential suppliers,…