Bloomberg Business

Jefferies Taps Barclays’s Jhaveri to Help Build India M&A Team

Ashish Jhaveri, head of mergers and acquisitions for Barclays Plc in India, has resigned from the company and is set to join Jefferies Financial Group Inc. to help build its deal advisory business in the country, according to people familiar with the matter.

Australia Cancels License for Binance’s Derivatives Business

The Australian Securities and Investments Commission has canceled Binance’s license for its derivatives business in the country as it conducts a review of the group’s local operations, according to a statement on Thursday.

ECB Hike Appropriate in May If Baseline Holds, Lane Tells CNA

The European Central Bank is likely to raise interest rates next month assuming its outlook for the economy doesn’t change significantly as a result of the recent financial turmoil, Chief Economist Philip Lane reiterated.

US Criticizes China’s Pattern of Moves Against Foreign Firms

The Biden administration criticized Beijing for measures it took against American and other foreign companies in China, with a US official saying the actions are worrisome and inconsistent with pledges from Chinese officials to maintain an open business environment.

Scottish Police Continue SNP Search as Sturgeon Cancels Event

Scotland’s former first minister, Nicola Sturgeon, pulled out of her first public engagement since her husband was arrested in a probe into Scottish National Party finances, as police continued a search of the couple’s home in Glasgow.

India RBI Unexpectedly Holds Interest Rates, Bonds Rally

India unexpectedly left its benchmark interest rate unchanged and pledged to hike again if needed, joining other central banks in pausing as global banking woes add uncertainty to the economic outlook.

Saudi Arabia Seeks Regional Embrace of Assad in Win for Iran

Saudi Arabia is leading efforts to formally bring Syrian President Bashar al-Assad back into the Arab inner circle as early as next month, in what would be a win for Iran and Russia and in defiance of US warnings after more than a decade of conflict.

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