Only seven companies gained momentum on Thursday, the last working day of the week; The prices of 150 others declined and 154 remained unchanged. Around 80 stocks and mutual funds did not change hands. Most of the shares had very few takers, with a single transaction for 23. A handful of companies saw growth, while […]
The cash-strapped country has been taking major measures to secure IMF funding, including raising taxes, removing blanket subsidies and artificially placing restrictions on the exchange rate. While the government is hopeful of striking a deal with the IMF soon, media reports say the agency is hopeful of a policy rate hike. The next meeting of […]
The Adani crisis triggered an investigation by regulators, briefly stalled parliamentary proceedings and triggered street protests by opposition parties, who accused the government of favoring the group. On Tuesday, Indian Home Minister Amit Shah refuted the allegations, saying that Prime Minister Narendra Modi’s party has “nothing to hide or fear” over the Adani Group controversy. […]
Italian healthcare entrepreneur Giamaria Giuliani was also mentioned among the investors in the deal. Under the current calendar, Rothschild’s holding Concordia aims to de-list the investment bank by August or September this year, depending on the tender offer period. The offer at 48 euros per share, including dividends, values the bank at 3.7 billion euros […]
Hong Kong leader John Lee on Thursday unveiled a promotional campaign that will include 500,000 free flights to draw visitors, businesses and investors back to the financial hub after more than three years of tough COVID-19 restrictions. The “Hello Hong Kong” campaign began in the city’s main convention center next to its famous harbor with […]
Five weeks ago there was a strongly bullish orientation with long positions outnumbering short positions by a ratio of 2.58:1 (23rd percentile) to 5.93:1 (80th percentile). The fastest ratios are concentrated in Brent (86th percentile), US gasoline (85th percentile) and US diesel (86th percentile), with low optimism regarding European gas oil (65th percentile) and WTI […]
