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The federal government is roughly doubling the amount of money international students need to prove they have in order to get a study permit, says Immigration Minister Marc Miller.

Laurentian Bank of Canada said it missed all of its financial goals for 2023 and will take a restructuring charge to reduce costs, underscoring the huge turnaround job ahead for new chief executive Eric Provost.

The Financial Conduct Authority has added cryptocurrency exchange Poloniex to its warning list of firms that may not be fully authorized to render trading services in the country.

Affluent Americans are growing more concerned about their financial security as economic uncertainty and market volatility continue.

The CVM, Brazil’s markets regulator, has co-launched a glossary of crypto-related terms in a bid to “standardize” terminology in the Latin American nation.

The Bank of England says it will make an assessment next year about the risks posed by artificial intelligence and machine learning

The Brazilian neobanking unicorn Nubank is furthering its crypto adoption journey by partnering with USDC issuer Circle.

Royal Bank of Canada has been ordered to pay a nearly $7.5-million penalty for administrative violations under the Proceeds of Crime (Money Laundering) and Terrorist Finance Act and associated regulations.

By Doyinsola Oladipo

A growing market has helped DPL Financial Partners accelerate its sales of commission-free annuities to surpass $2 billion.

Coinbase, one of the leading cryptocurrency exchanges based in the United States, has highlighted the importance of stablecoins in facilitating seamless transactions. 

Byju's is facing significant financial difficulties, prompting consideration of using funds from the potential sale of its unit, Epic, to sustain its operations at Think & Learn, as per an Economic Times report citing multiple sources. Byju’s has received three offers, totalling around $400 million, for Epic. As per the current plan, the company might need to utilise about $80-100 million from this amount while allocating the rest for term loan B (TLB) lenders, it added.

Mamaearth Venture capital fund Fireside Ventures Investment Fund plans to sell a partial stake in Mamaearth parent Honasa Consumer through block deals on Tuesday, according to reports. Read more: Here's the trade setup for today's session JSW Infra JSW Infrastructure, India’s second largest commercial port company, has signed a share purchase agreement with SP Port Maintenance, a Shapoorji Pallonji Group company, to acquire majority shareholding of PNP Maritime Services (PNP Port). Max Financial Analjit Singh has resigned as Chairman of Max Life Insurance, the material subsidiary of the Max Financial Services. Bank of India Bank of India is likely to launch qualified institutional placement of Rs 3500-4000 crore, CNBC TV18 reported. HCL Tech HCL Tech arm HCL UK to sell 49% stake in joint venture to State Street for $170 million plus net book. The transaction is expected to be completed in the second calendar quarter of 2024. DCB Bank DCB Bank to consider fund infusion by promoter Aga Khan on December 8.

Former Paxful CEO Ray Youssef has been appointed as CEO of Noones, a financial communication app aimed at integrating the Global South into the world’s financial systems.

South Africa’s financial regulator, the Financial Sector Conduct Authority (FSCA) is set to review the applications of 36 cryptocurrency companies seeking operational licenses in the country this month.

Reboot said the current decline suggests that 'almost no progress' has been made in the last three years.

₹3.25 lakh crore for the fiscal year 2024-25 from the Ministry of Finance, which is a 25 percent increase compared to the previous year, according to a report by Moneycontrol. The government aims to maintain minimal market borrowings for the National Highways Authority of India in the upcoming financial year, government officials said.

Financial Planning Standards Board (FPSB) India, we focus more on the ability and employability so that skilled financial professionals can enter the job market, says chief executive officer Krishan Mishra in an interview with Mint. While the CFP certification course costs a mere ₹1.5 lakh, freshers can earn ₹5-6 lakh per annum and those with just 3-4 years of experience can get salaries of ₹10-15 lakh, says Mishra, who took over as the chief executive in August this year. Edited excerpts from an interview. The number of CFPs in India was 2,517 in 2022 , compared to 2,338 in 2021.

The Treasury Committee has argued that benefits of the new asset promoted by the central bank did not outweigh their concerns of overall confidentiality and financial risks.

China's regulator wants provinces to come up with their own plans to handle financial risks, according to a report, about a month after officials pledged to set up a mechanism to resolve local debt issues. The country should make a greater effort in financial risk management but the policies need to be tailored, avoiding a one-size-fits-all approach, the Xinhua News Agency cited Li Yunze, head of the National Financial Regulatory Administration, as saying in an interview. Provinces have to devise their own policies on how to handle risks, according to the report. The world's second-largest economy has struggled for traction this year as a bounceback from restrictive Covid Zero policies proved to be softer than expected and a property crisis dragged on.

By Ajay Trehan