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UK's FCA says parts of motor finance redress scheme suspended

Britain's Financial Conduct Authority said on Thursday parts of its motor finance consumer redress scheme had been suspended pending legal challenges brought by four parties.The decision means compensation payments to consumers who may be owed money under the programme will be delayed until the leg…

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Romania sells 896.5 million lei of July 2033 bonds and 1.37 billion lei of 1-Year T-Bills

Romania sold a more than planned 896.5 million lei ($195.42 million) worth of July 2033 bonds and a more than planned 1.37 billion lei worth of 1-Year treasury bills on Thursday, with the average accepted yield at 6.65% and 6.08% respectively, central bank data showed.Debt managers, who had planned…

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Bonds

Wall St futures mixed as investors await payrolls data

By Niket Nishant and Avinash PWall Street futures were mixed on Thursday as investors awaited the June employment report, while a lack of progress in negotiations to end the Middle East war weighed on sentiment.Markets had a choppy session on Wednesday, with the main indexes settling lower, as Fed…

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India needs to increase oil, fuel storage capacity, minister says

India needs to increase its oil and fuel storage capacity while oil prices are low, and intensify outreach to bilateral partners, Oil Minister Hardeep Singh Puri said on Thursday.The sum total of crude stocks at ports, terminals, refineries and in strategic petroleum reserve is enough to last 76 to…

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