Stocks have seen considerable volatility over the course of the trading session on Thursday, as traders react to remarks by Federal Reserve Chair Jerome Powell. The major averages have spent the day bouncing back and forth across the unchanged line. Currently, the major averages are all in positive territory. The […]

In a move to strengthen governance in private sector banks and wholly-owned subsidiaries of foreign banks, the Reserve Bank of India (RBI) on Wednesday directed them to have at least two wholetime directors. Lenders that do not meet the requirement will have to submit the names for the RBI’s approval […]

‘Baap of Chart’ gave trade recommendations in the garb of education courses, mislead clients, alleges Sebi. The Securities and Exchange Board of India (Sebi) on Wednesday barred financial influencer Mohammad Nasiruddin Ansari, operating with the handle ‘Baap of Chart’ and known as Md Nasir on social media, from accessing the securities […]

Tech major NVIDIA Corp. is collaborating with Taiwanese electronics contract manufacturer Foxconn, also known as Hon Hai Technology Group, aiming to accelerate the industrial revolution in artificial intelligence or AI. Under the deal, Foxconn, which is also Apple’s key iPhone assembler and supplier with major operations in China, will integrate […]

Financial services firm Morgan Stanley (MS) reported Wednesday a profit for the third quarter that decreased 9 percent from last year, pulled down by surging provisions for credit losses and higher expenses, despite 2 percent revenue growth. Both adjusted earnings per share and quarterly topped analysts’ estimates. In Tuesday pre-market […]

With US Treasury yields hitting multi-decade highs, domestic mutual funds (MFs) are rolling out international debt funds. After Bandhan MF’s US Treasury Bond 0-1 year Fund of Fund (FoF), Aditya Birla Sun Life (ABSL) MF has come out with US Treasury 1-3 Year Bond ETFs FoF and 3-10 Year Bond […]

European stocks struggled for direction on Wednesday, as fears over an escalation in the Middle East conflict offset improved economic data from China. As Gaza ground invasion looms, a huge explosion at a Gaza hospital has derailed the diplomatic efforts led by the U.S. to reduce tensions in the region. […]

Swiss engineering company ABB Ltd. reported Wednesday significantly higher profit in its third quarter with strong revenue growth, while orders were weak. Going ahead, the company projects comparable revenue growth in the fourth quarter, but margin will be lower sequentially. The company further lifted its forecast for fiscal 2023. In […]

China’s economy expanded more than expected in the third quarter underpinned by policy support, suggesting that Beijing is all set to achieve its around 5 percent growth target this year as the property market downturn remains the only major drag on growth. Gross domestic product posted an annual growth of […]

The European Union is better prepared to ensure its energy security ahead of the winter season, the State of the Energy Union Report 2023 says. The 27-nation bloc’s gas storage facilities were filled to 95 percent of capacity ahead of the winter of 2022-2023 and currently stand at more than […]