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Mahir Vachani, Rishi Khurana and Rohan Jhaveri think central London office has talked itself downwards. And they’re betting £500M that they’re right and can disrupt the market by moving faster than rivals to buy value-add assets. The trio formally launched BPS Purestone last month following the acquisition of office asset 85 Tottenham Court Road from…
US Senate passes sweeping Russia energy sanctions, next stop US House Senate Advances Russia and Iran Sanctions Legislation By Patricia Zengerle WASHINGTON, Aug 7 (Reuters) – The U.S. Senate easily passed sweeping Russia sanctions legislation on Friday, advancing a long-delayed measure backed by the late Senator Lindsey Graham and setting the stage for consideration by…
Vertex Pharmaceuticals (VRTX +2.10%) has dominated the market for cystic fibrosis (CF) medicines since it earned approval for its first drug in this niche in 2012. To this day, most of the company’s revenue comes from its CF franchise. In the second quarter, Vertex posted $3.33 billion in revenue, representing a 12% year-over-year increase. CF-related…
Goldman Sachs ranked first among financial advisers for mergers and acquisitions in South and Central America in the first six months of 2026, topping the table on both deal value and number of transactions, according to GlobalData. Data from GlobalData’s Financial Deals Database shows the bank worked on three transactions with a combined value of…
In a move to offer regulatory relief to commercial banks, the Reserve Bank of India (RBI) on Friday allowed lenders to exclude advances backed by fresh non-resident deposits from the calculation of adjusted net bank credit (ANBC) — the benchmark used to determine priority sector lending (PSL) targets. The RBI said advances…
The Financial Conduct Authority (FCA) will apply tighter scrutiny against unregulated lenders due to concerns around potential financial crime. The regulator said Annex 1 firms, which also include money brokers and financial leasing companies, should register with the FCA for anti-money laundering (AML) purposes. It said any firms carrying out these activities without being…
Founded in 1830 by Mobile’s first Catholic bishop, Michael Portier, this Southern institution — named one of the South’s most beautiful campuses by Southern Living — was among the first Catholic colleges established in the Southeast. Several of its buildings have been recognized and added to the National Register of Historic Places. The 381-acre liberal arts college, enveloped…
Much Stronger Start After Negative NFP Print, But… Nonfarm payrolls (NFP) FELL 23k versus an 80k forecast. Last month was revised down as well. From a traditional market-watching perspective, this is pure rally fuel. Indeed, bonds are rallying sharply so far. Let’s hope it sticks. Why wouldn’t it? As labor force dynamics have…
The Payments Council of India (PCI) has backed a potential merchant discount rate (MDR) for the Unified Payments Interface (UPI), adding that sustained investment is necessary to run the real-time payments system reliably. PCI is an association of digital payments companies in India. It said small merchants would not have to pay…
By Sammy Hudes That marks the 22nd consecutive month of year-over-year declines in the average cost being sought by landlords, according to the latest monthly analysis from Rentals.ca and Urbanation. Asking rents have now fallen 7.5% over the past two years. However, July’s decrease was the smallest year-over-year drop since February, and prices continue to…