fpi selloff: After 8 months of relentless outflows, is FPI selloff showing signs of slowdown?

Over the last eight months, foreign portfolio investors (FPIs) have dumped Indian stocks at a pace comparable only with that of the Global Financial Crisis, with their net sales crossing the Rs 2 lakh crore mark earlier this month. There are several factors prompting overseas investors to exit Indian stock markets in droves. Stretched valuations, … Read more

Florida Governor Quickly Signs Insurance, Condo Reform Bills

Florida Gov. Ron DeSantis signed property insurance and condominium maintenance reform legislation into law Thursday, putting an exclamation point on a whirlwind of lawmaking that began just a week ago when the bills were drafted and filed. “This package represents the most significant reforms to Florida’s homeowners insurance market in a generation,” DeSantis said in … Read more

UAE-Based OTA Musafir Signs with Mastercard

Dubai-based online travel agency Musafir is partnering with Mastercard to digitize payment flows and launch “new innovative payment products” for both corporate and leisure customers, the agency announced. Musafir, which claims to be United Arab Emirates’ first OTA and reports more than 1,700 companies across the Middle East and North Africa on its business platform, … Read more

Atlas Travel Signs with Serko as Zeno Reseller

Serko has signed with Atlas Travel to resell its Zeno booking platform in North America, further pushing its expansion in the region, the company announced. Atlas Travel, a BCD Travel affiliate that has a wholly owned division in the U.K., is in the process of implementing Zeno with its first client, a global humanitarian organization, … Read more

R&Q’s Accredited Europe Signs 6-Year Program Management Deal with UK Insurtech

The program manager Accredited Insurance (Europe) Ltd., the wholly owned subsidiary of Randall & Quilter Investment Holdings Ltd., announced it has signed a six-year program management agreement with Policy Expert, a UK Insurtech providing home and motor insurance to over one million customers. Policy Expert wrote its first home insurance policy in 2011 and has … Read more

Signs of change at ExxonMobil a year after hedge fund proxy fight

A year ago, Chris James was storming the barricades at ExxonMobil. His little activist hedge fund Engine No. 1 was pushing for four seats on the board of the conservative oil supermajor — and won three of them. As Exxon again counts shareholder votes at its annual meeting this Wednesday, James sounds pleased. The company’s … Read more

Commercial Watch: Sector showing signs of growth

The commercial property market looks set for a positive 2022. The sector is showing signs of growth and investment as it begins to bounce back from the negative effects of the global pandemic. Increased investment both domestically and globally is helping, while a return to office work and an uptick in employment and hiring opportunities … Read more

Western Resources Corp. and Vantage Chance Limited Signs Amended and Restated Subscription Agreement

Article content VANCOUVER, British Columbia, May 20, 2022 (GLOBE NEWSWIRE) — Western Resources Corp. (“Western” or the “Company”) (TSX: WRX) is pleased to announce that it has entered into an Amended and Restated Subscription Agreement (the “Amendment”) originally signed on February 16, 2022 with Vantage Chance Limited (“Vantage”), in which Vantage has committed to make … Read more

Mortgage possession actions show signs of pandemic recovery: MoJ

Mortgage possession actions are slowly recovering from the impacts of Covid-19, according to the latest mortgage and landlord possession data from the Ministry of Justice (MoJ). The data from Q1 2022 found that as a result of the pandemic and associated actions, all mortgage possession actions have dropped significantly compared to Q1 2019.  During the … Read more