Reuters

By Steven Scheer

JERUSALEM (Reuters) - The Tel Aviv Stock Exchange (TASE) said on Thursday that listed companies will be required to report dividends on a per share basis, rather than the overall distribution amount, the latest step by the Israeli bourse to align itself with global markets.

The measure, which still requires approval from the Israel Securities Authority and finance minister, would go into effect on Feb. 1, 2025.

LONDON (Reuters) - The Bank of England allotted 16.245 billion pounds ($20.64 billion) of one-week funds in its short-term repo operation on Thursday, the largest usage of the facility since it launched in October 2022 after previous records were set in recent weeks.

The BoE uses the weekly repo to help keep money market rates close to its official Bank Rate while it takes reserves out of the financial system with its quantitative tightening (QT)... (continue reading...)

By Haripriya Suresh

BENGALURU (Reuters) - India's No.4 IT services firm Wipro paid $20.1 million in annual compensation to former CEO Thierry Delaporte who resigned in April, well before his five-year term was set to end in July 2025.

The Frenchman's compensation included $3.9 million in salary and allowances, about $5.1 million in variable pay, the cost of accelerated vesting of his stock options and cash compensation of $4.3 million,... (continue reading...)

By Liam Mo and Casey Hall

BEIJING (Reuters) - Chinese electronics maker Xiaomi posted a bigger-than-expected 27% rise in first-quarter revenue on Thursday, boosted by strong sales of handsets amid a recovery in the smartphone market.

For the first three months of this year, Xiaomi's revenue was 75.5 billion yuan ($10.42 billion), compared with the 73.3 billion yuan estimated by analysts according to LSEG.

Adjusted net income... (continue reading...)

BUDAPEST (Reuters) - The International Criminal Court prosecutor's request for an arrest warrant against Israel's prime minister is "unacceptable" and could not be enforced in Hungary, Prime Minister Viktor Orban's chief of staff said on Thursday.

Gergely Gulyas told a news briefing that, although Hungary ratified the Rome Statute of the International Criminal Court (ICC), it "was never made part of Hungarian law," meaning that no measure of the court... (continue reading...)