Authentic Brands Group is seeking to slash the interest costs on a $3.3 billion loan and borrow an additional $400 million to fund an acquisition, marking the latest company to capitalize on a receptive market for risky debt. Arrangers led by Bank of America are attempting to lower the interest […]
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Canadian dollar gains 0.2% against the greenback * Canada’s trade deficit narrows in April * Price of U.S. oil increases 2.2% * 10-year yield steadies near a 3-month low By Fergal Smith TORONTO, – The Canadian dollar strengthened against its U.S. counterpart on Thursday as oil prices rose and data […]
Equities retreated from their all-time highs as traders refrained from making any big bets ahead of the data. A 22V Research survey shows there’s no consensus about the market reaction — with 36% of the investors polled betting on a “risk-off” move, 33% saying “risk-on”, and 31% “negligible/mixed.” Treasuries joined […]
A solid headline profit for commodity trading giant Trafigura Group masked something unusual beneath the surface: a significant chunk of its customers have stopped paying. Trafigura was owed $10.5 billion by trade debtors at the end of March, its half yearly report showed on Thursday. That’s not unusual for the […]
Oil prices rose on Thursday as the European Central Bank cut interest rates for the first time in roughly five years, and Denmark’s central bank followed with its own rate cut. Brent crude futures were up $1.07 or 1.36% at $79.48 a barrel by 11:22 a.m. EDT (1522 GMT). U.S. […]
Domestic brokerage HDFC Securities is bullish on Jyothy Labs and has initiated coverage on the FMCG stock as a ‘high conviction’ buy idea over strong volume growth prospects and robust profit over the next three years. The brokerage has set the target price at ₹575 against a current market price […]
Brokerage firm Prabhudas Lilladher’s, Vaishali Parekh who is Vice President – Technical Research has suggested healthcare stock Dr Reddy’s Lab to buy this week. Parekh has set the target price of the healthcare stock at ₹6,500, sees an upside potential of 10.73 per cent. “The stock has corrected well and […]
Stocks to buy: The Indian stock market sustained its positive momentum, indicating stability post the Lok Sabha election 2024 results, on June 7. Both the Sensex and the Nifty 50 indices climbed by almost 1 percent each, marking the second successive session of gains. This upward trend reflects optimism regarding […]
Tech optimism and buoyed expectations of interest rate cuts by the US Federal Reserve and other central banks across the world have added to the ongoing frenzy around artificial intelligence (AI), which has propelled tech shares to new highs. Tech giants Microsoft Corp., Nvidia Corp. and Apple Inc. are now […]
Bajaj Housing Finance on Thursday, June 6, said its board approved an initial public offering (IPO) with a fresh issue of shares worth ₹4,000 crore. The IPO would include a sale of shares by existing shareholders, the Bajaj Finance subsidiary said in a statement. The IPO would be subject to […]