Assam Bans Protests Near Raj Bhavan Following Congress Leader's Death
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- December 20, 2024
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Dollar Steadies After Powell’s Testimony; Sterling Awaits BOE Meeting0
- Uncategorized
- June 22, 2023
The U.S. dollar stabilized in early European trade Thursday near a one-month low after the first day of Federal Reserve Chair Jerome Powell’s semi-annual testimony to Congress, while sterling edges lower ahead of the latest Bank of England meeting. At 01:50 ET (05:50 GMT), the Dollar Index, which tracks the greenback against a basket of
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Can HDFC AMC make it Back to The MSCI Index After Abrdn Stake Sale?0
- Uncategorized
- June 20, 2023
Abrdn’s clean-up block trade of a 10.2 percent stake in HDFC AMC will increase the company’s free float market capitalisation but the stock has to rally over 10 percent from the current level to make it back to the MSCI index. “As per the latest global market cap cut-off, HDFC AMC needs to move above
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Stocks Rally Stalls, Eyes Powell Testimony For Rate Clues0
- Uncategorized
- June 19, 2023
Global shares drifted on Monday, consolidating gains after hitting a 14-month high last week, as investors awaited testimony from U.S. Federal Reserve Chair Jerome Powell in markets that remain dominated by monetary policy bets. The MSCI’s broad gauge of world stocks was steady, with Wall Street markets closed for the Juneteenth holiday. In Europe, the
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Global banks raise forecast to 4% peak for key ECB rate0
- Economy
- June 16, 2023
Goldman Sachs (NYSE:GS), BNP Paribas (OTC:BNPQY), Uncredited (BIT:CRDI) and RBC Capital Markets had earlier expected the ECB’s terminal rate to peak at 3.75%, following a 25 basis points (bps) hike in July, they said in notes after the central bank meeting. The ECB raised euro zone borrowing costs to their highest level in 22 years
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4 Big Analyst Picks: Accenture Upgraded To Neutral Ahead of Q3 Earnings0
- Uncategorized
- June 15, 2023
Earlier this week, the company announced a $3 billion investment over three years in its Data & AI practice. The expansion includes new industry solutions, the AI Navigator for Enterprise platform, a Center for Advanced AI, and doubling their AI talent to 80,000 people. The company is set to report its Q3/23 earnings on June
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Toyota Wins Over Shareholders at AGM After Questions On Strategy, Governance0
- Economy
- June 14, 2023
Toyota shareholders backed the board and voted down the first resolution proposed in 18 years at an annual general meeting (AGM) on Wednesday, an endorsement of the automaker a day after it laid out an extensive electric vehicle strategy. EV ROADMAP Toyota aims to produce more efficient, faster-charging versions of current batteries to improve EV
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Nikkei Closes Above 33,000 For The First Time In 33 Years0
- Uncategorized
- June 13, 2023
Japan’s benchmark Nikkei gauge surged on Tuesday, closing over 33,000 for the first time in 33 years, led by technology shares on expectations of a flood of investment in chip-related companies. SoftBank Group Corp jumped 5.25% on reports it may team up on an AI venture with Chat GPT operator Open AI and that its
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European Stock Futures Edge Higher; Central Bank Decisions Seen Key0
- Uncategorized
- June 12, 2023
European stock markets are expected to drift higher at the open Monday, at the start of a week dominated by a series of key central bank meetings in the U.S., Asia and Europe. At 02:00 ET (06:00 GMT), the DAX futures contract in Germany traded 0.4% higher, CAC 40 futures in France climbed 0.3% and
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Kim Kardashian seeks Secret of Private Equity Success As Rising Rates Bite0
- Uncategorized
- June 9, 2023
Reality star Kim Kardashian’s arrival at a gathering of the globe’s top deal brokers in Berlin failed to dispel their dark mood as the rising cost of money puts the brakes on the private equity industry. Flanked by bodyguards, Kardashian drew a crowd of hundreds of executives at the Super Return industry event, saying she
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