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Source: Live Mint Jan 10 (Reuters) – A look at the day ahead in Asian markets. Investors in Asia approach the end of a bumpy week hoping that the relative calm that descended on the dollar and a shortened U.S. bond market session on Thursday can extend into the local session on Friday. With the…
Source: Live Mint The Sahm Rule might be a good indicator of a recession. But the timing of when the Bank of Japan unnecessarily hikes interest rates might be even better. Until the events of recent days, Bank of Japan Governor Kazuo Ueda had earned plaudits for unwinding the massive stimulus policies of his predecessor without…
Source: Live Mint (Bloomberg) — The wildfires sweeping through Los Angeles are unlikely to trigger significant losses in catastrophe bonds designed to capture such risks. Roughly 12% of the $50 billion cat-bond market is currently exposed to wildfire risk, according to Florian Steiger, chief executive officer of Icosa Investments AG, a Swiss-based investment firm. Even…
Source: Live Mint Sterling slides to 14-month low Investors brace for Trump tariff plans Fed officials signal rate cut caution (Updates to afternoon U.S. trading) NEW YORK, Jan 9 (Reuters) – The U.S. dollar strengthened for a third straight session on Thursday as Treasury yields dipped but held at elevated levels on concerns over tariffs…
Source: Live Mint TCS Q3 Dividend: India’s largest IT firm, Tata Consultancy Services (TCS), announced its third interim dividend issue along with a special dividend issue on Thursday, Janaury 9. The company declared an interim dividend issue of ₹10 per equity share held, along with a special dividend of ₹66 per equity share with a…
Source: Live Mint US stock markets remained closed on Thursday, January 9, to observe a National Day of Mourning for former president Jimmy Carter. The New York Stock Exchange (NYSE) and Nasdaq announced the suspension of trading activities on January 9. The New York bourse will also fly the US national flag at half-staff throughout…
Source: Live Mint FMCG player Adani Wilmar is expected to draw attention on Friday, January 10, following the Thursday evening announcement that its founder plans to divest a stake in the company via an Offer For Sale (OFS). Adani Commodities, the promoter entity of Adani Wilmar under the Adani Group, plans to divest a 13.5…
Source: Live Mint IT major Tata Consultancy Services (TCS), reported a reduction of 5,370 employees in its workforce during the fiscal third quarter, ending a trend of headcount growth observed in the previous two quarters. Attrition for the quarter saw a slight increase, reaching 13 percent compared to 12.3 percent in the previous quarter. In…
Source: Live Mint Quadrant Future Tek IPO, which opened for subscription on Tuesday, January 7, was subscribed over 186.64 times on the last day of bidding. The issue closed for subscription on January 9. The issue received a stellar response from investors as it was fully subscribed within an hour of opening on the first…
Source: Live Mint Telecom Q3FY25 Results Preview: Telecom companies are expected to report firm revenue and EBITDA growth for the third quarter of the financial year 2024-25, suggests brokerages. Domestic brokerage JM Financial, in its latest note, forecasts Jio, Bharti Airtel (India wireless), Bharti Hexacom, and Vodafone Idea to achieve EBITDA growth of 4-6% QoQ,…
