Latest Updates Around The World
European Central Bank President Christine Lagarde plans to quit her job before next year’s French presidential elections so Emmanuel Macron can have a say in choosing her successor, the Financial Times reported on Wednesday. Lagarde’s term ends in October 2027, but some fear the far right could win the French presidential race in spring 2027, […]
Shares of cigarette makers ITC Ltd, Godfrey Phillips India Ltd and VST Industries Ltd rose up to 12% after media reports showed companies have hiked prices to pass on higher costs to consumers. The price increases are intended to offset the recent excise tax increase, reducing the expected EBIT decline to around 2%, compared to […]
Mary Daly, president of the San Francisco Federal Reserve, said the U.S. central bank still needs to ensure inflation remains sustainably lower. She noted that while advances in artificial intelligence can help alleviate price pressures by increasing productivity, maintaining a modestly restrictive policy stance remains important, according to Reuters.Speaking at an event at San Jose […]
Oil prices fell slightly on Wednesday as talks between the United States and Iran progressed, raising hopes for a de-escalation in bilateral tensions and reducing risks of supply disruptions for the Middle Eastern oil producer. Brent futures fell 3 cents or 0.04% to $67.39 a barrel at 0139 GMT, while US West Texas Intermediate (WTI) […]
PacifiCorp, a utility owned by Berkshire Hathaway, is selling assets and infrastructure for wind energy generation and distribution, natural gas in central and southern Washington state to Portland General Electric for $1.9 billion, citing liquidity concerns in the fight against wildfires in Oregon. The transaction announced Tuesday includes the Chehalis natural gas power plant, the […]
Danish brewing giant Carlsberg is considering listing its Indian operations as it seeks to unlock shareholder value in the country where it is experiencing strong growth, group CEO Jacob Aarup-Andersen said.To put an end to the speculation, Andersen revealed the company’s stock market listing plans during the investor call; However, he added that no final […]
The board of directors of State-run Engineers India Limited (EIL) will meet on Thursday, February 26, to discuss the second interim dividend for the financial year 2025-2026. It has set Friday, March 6 as the record date to determine the eligibility of shareholders who will receive the dividend.The announcement was made after market hours and […]
India’s capital markets are entering a new era of technological disruption as artificial intelligence begins to change the way companies go public.S45 on Tuesday announced the launch of the country’s first AI-enabled investment banking platform, aiming to replace the old manual workflows that have long hampered the execution of IPOs for capital market issuers. The […]
Indian government bonds continued their winning streak and ended the day higher on Tuesday as stronger-than-expected demand for government bond sales lifted sentiment, while favorable US government bond yields and excess liquidity conditions added to the positive backdrop.The 6.48% bond yield for 2035 ended at 6.66% after closing Monday at 6.6642%. Rates have fallen by […]
The Indian rupee ended little changed on Tuesday as periodic interventions by the Reserve Bank of India slowed the currency’s rate towards the psychologically important level of 91 per dollar.Tepid global risk sentiment and steady demand for hedging from importers have kept the currency lower even after it recovered from near record lows around 92 […]
