Goldman-backed Starling says no plans to pursue EU bank license, expansion to come from software
Starling will pursue international expansion via its software business Engine rather than via banking licenses, incoming CEO Raman Bhatia said.
CNBC Daily Open: Roaring Kitty’s wealth, Modi’s victory
India’s Prime Minister Narendra Modi declared victory late on Tuesday, securing a historic third term.
European Central Bank set to cut rates for the first time since 2019
It will mark the official end to the record fast-hiking cycle that begun after the Covid-19 pandemic as inflation soared higher.
Qualcomm-backed firm launches latest AI chips — posing a challenge to giants like Nvidia
Kneron, a Taiwanese firm also backed by iPhone assembler Foxconn, took the wraps off the KNEO 330, its second-generation “edge GPT” server.
Zara owner Inditex reports slowing quarterly sales growth
Zara owner Inditex grew its sales by 7% in the first quarter of its fiscal year, it said on Wednesday, in line with analysts’ expectations.
India stocks recoup some losses as investors digest election results; broader Asia markets mixed
India stocks rose after a heavy sell-off triggered by Modi’s BJP not getting a full majority in the country’s general elections.
Citadel and BlackRock back project to start a national stock exchange in Texas
BlackRock and Citadel Securities are among investors backing a group seeking to start a new national stock exchange in Texas.
India’s stock markets erase $371 billion after ruling BJP falls short of election expectations
The All India Market Capitalization index, tracked on the Bombay Stock index, lost over $370 billion on June 4 alone.
Modi’s economic agenda could be disrupted after smaller-than-expected mandate in India election
CNBC’s Sri Jegarajah reports on the reaction to India’s election results, which saw Prime Minister Narendra Modi win a third term in office, but with a smaller-than-expected mandate, forcing him to rely on his coalition partners going forward.
Fintech firm Nium cuts valuation by 30% in new funding round, eyes 2025 IPO
Despite the lower valuation, Nium is confident it can go public in the next 18 months and is eyeing late 2025 for its stock market debut.
