2022 nba trade deadline

Customers will have to enter the details afresh for each transaction from July 1 Starting July 1, payment aggregators and gateways and merchants onboarded by them will not be allowed to store credit and debit card data of customers on their platforms, as directed by the Reserve Bank of India. With a little over a month left, merchants are worried that an alternative system may not be ready in time. Payment aggregators, payment gateways and merchants can store card credentials of customers in their databases only until June 30, a deadline that has already been extended twice, most recently by six months on December 23. In the absence of an alternative mechanism, customers using their credit or debit cards from July 1 will have to enter the details afresh for each transaction, including the 16-digit card number, expiry date and card verification value (CVV). Payment companies and card networks Visa, Mastercard and RuPay are working to implement the alternative – Card on File … [Read more...] about Payment disruption fears linger as deadline nears for merchants to delete customer card data

Representative image In what could be a major blow to Apple's subscriptions, the company has stopped accepting debit and credit cards for payments on its platforms in India as the June 30 deadline set by the Reserve Bank of India (RBI) for all merchants to stop saving card data of customers draws closer. Customers can now only use NetBanking, Unified Payments Interface (UPI) and their Apple ID balance to make payments, Apple said in an email to customers which was viewed by Moneycontrol. "In light of upcoming Reserve Bank of India regulations, starting June 1, credit and debit cards can no longer be used for purchases or subscriptions on the App Store or other Apple services. Apple will no longer store card information on file — protecting your payment method is our top priority," the mail read. The mail further added that customers' subscriptions will continue only of they have sufficient balance in their Apple wallets. "Your subscriptions will continue as long as you … [Read more...] about Apple stops card payments in India ahead of RBI deadline to delete customer card data

British Secretary of State for International Trade Anne-Marie Trevelyan walks outside Downing Street in London, Britain on Feb 8, 2022. (Reuters filepix by Tom Nicholson) - A + A LONDON (May 20): Britain on Friday said it was launching talks over a free trade deal with Mexico, looking to add services to its current agreement, as well as aiming to increase trade in the financial and digital sectors. Britain and Mexico agreed a continuation trade deal before Britain left the sphere of the European Union, but that arrangement is based on an EU-Mexico trade agreement negotiated over 20 years ago. A free-trade agreement with Mexico would also boost Britain's foreign policy tilt towards the Indo-Pacific. Mexico is a member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which Britain wants to join. The free trade area, established in 2018, is now made of Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, … [Read more...] about Britain launches free trade deal talks with Mexico

- A + A A weekly round-up of tanker and dry bulk market (May 20, 2022) This report is produced by the Baltic Exchange. The Baltic Exchange, a wholly-owned subsidiary of Singapore Exchange, is the world's only independent source of maritime market information for the trading and settlement of physical and derivative contracts. Its international community of over 650 members encompasses the majority of world shipping interests and commits to a code of business conduct overseen by the Baltic. For daily freight market reports and assessments, please visit www.balticexchange.com . Capesize The Capesize market began the week at the summit of the recent rally. This necessitated a breather before sentiment strengthened, helping it to push up throughout the week and marking new highs for the year. The Capesize 5TC rose +US$4,805 over the week to close at US$37,538. The Pacific region, while easily the premium region to trade currently, was in … [Read more...] about Baltic Exchange shipping updates: May 20

- A + A KUALA LUMPUR (May 20): Mondelēz International, manufacturer of Cadbury Dairy Milk chocolate and OREO biscuits, has taken various measures to mitigate the effects of global cost-push inflation to ensure that its products remain affordable and of the same high quality, said managing director for Malaysia and Singapore Narmeen Khan. This is particularly with respect to transportation, packaging, edible oils, and dairy, as well as supply-chain bottlenecks, she told Bernama . Narmeen, who assumed the position in February 2022, said Mondelēz is not excluded from experiencing inflation across markets, including in Malaysia. "Due to the steep increase in costs across the entire value chain, particularly in commodities, logistics, and packaging, product repricing is one of the considerations, but as previously disclosed, we are taking proactive measures in 2022 to reshape our portfolio, with a focus on core products and best-selling items. "Other considerations … [Read more...] about Mondelez International to keep Cadbury chocs and biscuits affordable

- A + A NEW YORK/BENGALURU (May 20): US stock indexes rose on Friday led by megacap growth and healthcare shares at the end of a volatile week, roiled by concerns over the impact of rising inflation on earnings and the fallout of rate hikes on economic growth. Nine of the 11 major S&P sectors advanced in morning trade. Energy was the top performer, up 2.2%, followed by healthcare and technology sectors. Microsoft Corp, Amazon.com and Apple Inc rose between 1.5% and 1.8%, providing the biggest boost to the S&P 500 and the Nasdaq. "Some traders are taking advantage of the price weakness, at least in the short term, to make some money. The real question is whether this will last by the end of the day," Sam Stovall, chief investment strategist at CFRA Research, said. "It is definitely going to be a traders' battle today. The market is trying to orchestrate at least a near-term relief rally, which is normal within bear market trends." Disappointing forecasts … [Read more...] about Wall St rises as growth stocks gain after two days of selloff