Refining bottlenecks are emerging as the next big oil problem as Middle East skirmishes flare up

Key insight: Sen. Katie Britt, R-Ala., is introducing a bill that would raise the regulatory thresholds for many banks, putting them in less strict regulatory categories. Forward look: The bill is unlikely to win Democratic support or be a priority if Democrats take over the House or Senate next year, but the idea could be…

The nation’s largest life sciences hubs are still struggling with elevated real estate vacancy rates and a slowdown in venture capital funding. Despite some pharmaceutical companies making big leasing commitments, Greater Boston, the San Francisco Bay Area and San Diego County have vacancies ranging from nearly 24 percent to more than 28 percent after the…

Mumbai: The RBI has revised governance norms for banks boards, narrowing their role to strategy, risk oversight and corporate governance while empowering specialised board committees to handle a host of routine, operational matters. The amendments, which come into effect from October 1, follow draft proposals released in April and are aimed at allowing directors to…

The Expectations Index, reflecting consumers’ short-term outlook for income, business, and labor market conditions, fell 5.8 points to 68.2, below the 80 threshold historically associated with recession risk. “Consumer confidence moderated slightly in August for a second consecutive month,” said Dana M. Peterson, chief economist at The Conference Board. “Consumers were more pessimistic about business…

The company operates in wealth and asset management. Credit: RomanR/ Shutterstock.com. Veriqus Group has secured about Rs3.87bn ($40.2m) in a financing round led by Norwest Venture Partners.  The company operates in wealth and asset management, serving high net worth individuals, family offices, entrepreneurs and institutional clients.  Access deeper industry intelligence Experience unmatched clarity with a single platform that combines unique data, AI,…

The mortgage market has become faster, more digital and more competitive and yet the experience often still falls short. For brokers, the mortgage process is arguably more demanding than ever, as they are navigating increasingly complex affordability conversations, and customers expect clearer communication and quicker outcomes. Meanwhile, the lenders themselves are balancing service standards with cost…