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European Shares Seen Mostly Higher At Open

(RTTNews) - European stocks are seen opening broadly higher on Monday as investors keep a close eye on geopolitical developments in the Middle East and ponder the U.S. Federal Reserve's next move on interest rates.

We haven't written up this one. Nasdaq Markets has the full story — the link below goes straight to it.

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Hormuz Tanker Traffic Slows to a Trickle

Tanker traffic via the Strait of Hormuz slowed further over the weekend, maintaining upward pressure on oil prices. At the time of writing, Brent crude was trading at $88.62 per barrel, with West…

  • Tanker traffic in Hormuz slowed to five ships on Saturday
  • No tankers scheduled to pass through on Sunday
  • Iran's Foreign Minister says U.S.-Iran talks unlikely

The RBI’s revolving-credit rule treats every NBFC like a bad lender

The post The RBI’s revolving-credit rule treats every NBFC like a bad lender appeared first on The Ken .

  • RBI proposes new rules prohibiting most NBFCs from offering revolving credit.
  • Revolving credit allows borrowers to repeatedly borrow and repay the same amount.
  • NBFCs like Bajaj Finance and Tata Capital would be affected by the proposed rules.

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