Headlines

Reliance Communications Limited has disclosed that its subsidiary, Reliance Telecom Limited, has had its loan account classified as fraudulent by State Bank of India following a decision by the bank’s fraud identification committee, TipRanks.com reported. SBI intends to report RTL’s name to the Reserve Bank of India in line with regulatory requirements, highlighting legacy credit issues that predate the insolvency process and intensifying scrutiny over the group’s past financing arrangements.

A London court blocked a bid by the chief executive officer of collapsed property lender Market Financial Solutions Ltd. to have his preferred officials oversee the insolvency of one of the group’s entities.

PipeHawk plc has disclosed that its subsidiary Adien Ltd has been deemed insolvent by Adien’s board, which has called a general meeting of shareholders to pass a special resolution to wind up the company, TheGlobeandMail.com reported. Adien ceased trading on 9 March 2026, and BTG Begbies Traynor (Central) LLP has been instructed to oversee the liquidation process, marking a significant reduction in PipeHawk’s operating activities and potentially reshaping its subsidiary structure.

Europe’s central bankers will be in a familiar but uncomfortable position when they meet to decide policy Thursday: waiting for the fog of war to clear a little before they can pick out a safe path forward, the Wall Street Journal reported. Policymakers at the European Central Bank, the Bank of England, and their counterparts in Sweden and Switzerland are expected to leave their key interest rates unchanged. As the conflict initiated by the U.S.

Industrial output in the eurozone unexpectedly fell back in January, with challenges facing the sector expected to gather pace in the months ahead from the jump in energy prices prompted by the war in the Middle East, the Wall Street Journal reported. Industrial production tumbled 1.5% on month, a second decline in a row after a 0.6% fall in December, the European Union’s statistics agency Eurostat said Friday. Some of the decline in January was exaggerated by a 9.8% output fall in Ireland, whose economy is particularly volatile due to being a base for large multinational firms.

China's economy began the year on a firmer footing as factory output quickened while retail sales and ​investment rebounded in January-February, offering early relief for policymakers as the U.S.-Israeli war with Iran injects fresh uncertainty for growth, Reuters reported. The resilience followed a surge in exports driven by booming AI-related ‌technology demand, which also buoyed upstream manufacturing, although analysts cautioned of risks to the outlook from geopolitical tensions, fragile consumer confidence and strains in global trade and energy markets.

The Reserve Bank of Australia is likely to raise interest rates this week to combat a worsening inflation outlook but it needs to dispense with vague messaging and signal forcefully that it won’t tolerate inflation above its target, the Wall Street Journal reported. “The RBA needs to stop equivocating on how long it is going to take to get inflation back to target,” John Simon, a former head of economic analysis at the central bank, said in an interview.

With the conflict in Iran rattling financial markets and oil prices, the Bank of Japan finds itself in a familiar dilemma, weighing a policy pause against the continued push for rate hikes, the Wall Street Journal reported. Escalating tensions in the Middle East have driven up crude prices, complicating the BOJ’s efforts to create stable 2% inflation backed by wage growth and demand, rather than higher costs.

Statistics Canada said that the annual rate of inflation dipped below two per cent in February as the end of last year’s federal “tax holiday” helped take some steam out of the yearly price comparisons, BnnBloomberg.ca reported. The agency said Monday that February’s inflation reading came in at 1.8 per cent year-over-year, half a percentage point lower than January’s figures and just under economists’ expectations for the month.

Senegal successfully paid nearly half a billion dollars in debt obligations on Friday, avoiding default, but spending cuts, delayed payments to other lenders, and growing civil unrest cast doubt on how much time the effort buys the West African nation, AfricaNews.com reported. The Central Bank of West African States transferred 380 million euros to eurobond holders and $33 million for dollar-denominated bonds, covering principal and coupons.