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India markets regulator allows Jane Street to restart trading, sources say

India markets regulator allows Jane Street to restart trading, sources say

Reuters10 hours ago
July 21 (Reuters) - India's markets regulator has allowed Jane Street to restart trading after the U.S. high-frequency trading firm deposited $567 million, two sources aware of the matter told Reuters on Monday.
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Tommy Fleetwood didn't receive £120,000 Open prize money after it was sent to wrong person
Tommy Fleetwood didn't receive £120,000 Open prize money after it was sent to wrong person

Daily Mirror

time26 minutes ago

  • Daily Mirror

Tommy Fleetwood didn't receive £120,000 Open prize money after it was sent to wrong person

Tommy Fleetwood saw the funny side after an embarrassing clerical error by the European Tour saw someone else receive his prize money from The Open Championship Tommy Fleetwood didn't receive £120,000 worth of prize money following his T12 finish at The Open Championship back in 2018. The Englishman, 34, is still in search of his first major after securing a T16 at Royal Portrush last week. ‌ He was never really in contention, and he went on to card a seven-under par, with Scottie Scheffler instead dominating from the opening round and going on to win his first Claret Jug by a four-shot margin. ‌ Fleetwood has come close at the Open in the past, finishing as the runner-up in 2019. That means the tournament has contributed a hefty sum of money to his impressive career total earnings of £23.1million. ‌ Yet, the popular Southport-born golfer was once left scratching his head following the Open at Carnoustie after his winnings were accidentally transferred to an American man with the name Thomas Fleetwood. Thomas Fleetwood, a club professional based at Streamstrong Resort in Florida, was born in 1959 and contested the European Senior Tour's qualifying school four times from 2013. Fleetwood, who is also a caddie, told Reuters he had been trying to get in touch with the Englishman. He said: "It was an honest mistake. I tried to get on their senior tour, so they have my [bank] information." The PGA Tour star himself was left more confused than annoyed by the error, as he said: "It looks pretty genuine. They [the European Tour] are looking into it and I'm sure they'll feel pretty bad about it. "It's a funny story. It's just something I don't really look at but I'll get on top of that." ‌ Greg Thorner, who posted the screenshot of his friend Thomas' bank account, said: "He played a few European events so the European Tour obviously had some information on him and it must have got mixed up. "I didn't believe him at first but then I watched him log into his account and I was like 'Holy crap'. He was not positive it was the same amount that Tommy won at the Open but we checked and it was. "He immediately contacted the bank and told them you've put money into my account that's not mine and unfortunately the money has already been taken out." The European Tour, now the DP World Tour, said at the time: "This was a clerical error which we are resolving and we apologise for the inconvenience caused to both parties." Fleetwood is set to receive £137,535 for his latest efforts at the Open. He will hope to receive his money without any surprises along the way this time around.

Brazil economists trim 2026 inflation forecast in boost for central bank
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Reuters

time26 minutes ago

  • Reuters

Brazil economists trim 2026 inflation forecast in boost for central bank

SAO PAULO, July 21 (Reuters) - Private economists polled weekly by Brazil's central bank trimmed their 2026 inflation outlook for the first time in over two months, according to a survey released on Monday, in a welcome development for the central bank. Consumer prices in 2026 are now expected to rise 4.45%, down from 4.50% the previous week, a projection that had remained unchanged for nine straight weeks. The central bank targets inflation at 3% with a tolerance range of plus or minus 1.5 percentage points. Central bank officials have expressed concern that long-term inflation expectations may be becoming unanchored, despite the country's main interest rate standing at a restrictive 15%. Economists' forecasts for inflation held steady at 4% for 2027 and dipped slightly to 3.80% from 3.81% for 2028, the survey showed. Inflation projections for this year have been on a steady decline, supported by a stronger exchange rate. They continued that trend this week, easing to 5.10% from 5.17% previously. Central bank chief Gabriel Galipolo said in a letter earlier this month that inflation is expected to return to within the tolerance band by the end of the first quarter of 2026. Estimates for Brazil's benchmark interest rate remained unchanged from the previous week, at 15% for 2025 and 12.5% for 2026. The following is a set of projections from the survey:

Russia-backed Indian refiner condemns EU curbs, weighs legal options
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Reuters

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Russia-backed Indian refiner condemns EU curbs, weighs legal options

NEW DELHI, July 21 (Reuters) - Russia-backed Indian refiner Nayara Energy on Monday condemned the European Union's sanctions on it and said it was exploring legal options against the latest "restrictive measures". On Friday, the EU approved its 18th package of sanctions against Russia over its war in Ukraine, which includes sanctions on Nayara Energy, a refinery backed by Russian oil major Rosneft ( opens new tab. "Nayara Energy strongly condemns the European Union's unjust and unilateral decision to impose restrictive measures on our company," it said in a statement. Rosneft holds a 49.13% stake in Nayara and a similar stake is owned by a consortium, Kesani Enterprises Co Ltd, led by Italy's Mareterra Group and Russian investment group United Capital Partners. "We are actively exploring all legal and appropriate avenues to address this situation and to protect the interests of our operations, employees, and our stakeholders," Nayara said, asserting that the latest EU sanctions had "no legal basis". The company, which operates a 400,000 barrels per day refinery in western India, has lined up more than 700 billion rupees ($8.1 billion) of investment for projects including petrochemicals and the expansion of its fuel retail stations. "We categorically state that this unilateral move by the European Union is founded on baseless assertions, representing an undue extension of authority that ignores both international law and the sovereignty of India," it said. India has said it does not support "unilateral sanctions" by the EU. ($1 = 86.2980 Indian rupees)

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