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Lagarde backs bank mergers as ECB prepares for UniCredit verdict
European Central Bank President Christine Lagarde reinforced her support for international banking tie-ups in the eurozone, saying they…
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Thai Air plans US$1.3 billion share sale to complete debt revamp
Thai Airways International plans to issue new shares worth at least US$1.3 billion to creditors and other investors by December, a major…
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Current account deficit widens to 1.1% of GDP in June quarter at $9.7 bn
2 min read Last Updated : Sep 30 2024 | 8:05 PM IST India’s current account balance moved into deficit (CAD) sequentially to $9.7 billion…
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US: Wall St opens lower as investors await economic data, Powell's comments
Wall Street’s main indexes opened lower on Monday (Sep 30) as investors paused after a rally in the previous week and exercised caution…
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STPI focuses on tech startups, GCCs; 10 new parks in smaller cities soon
4 min read Last Updated : Sep 30 2024 | 7:05 PM IST After playing a pivotal role in shaping India’s IT services sector for over three…
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Indonesia’s Bank Mandiri backs new coal power plant with US$1.27 billion financing
The financing comes at a time when Indonesia is striving to reduce coal consumption and transition to renewable energy Bank Mandiri – the…
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Murdoch’s REA ends month-long takeover pursuit of Britain’s Rightmove
RIGHTMOVE’S shares dropped 8 per cent on Monday (Sep 30) after Rupert Murdoch’s REA Group ended its US$8.29 billion takeover pursuit…
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Japfa fails to buy targeted maximum number of shares under equal access scheme
Shareholders will be entitled to sell to the company up to 9 per cent of shares held in their name JAPFA managed to purchase only 76.3 per…
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India unique market, offers huge growth potential: Alma Lasers CEO Dayan
Commenting on the Indian market Dayan said India is a unique market and one of the first three markets, where Alma was direct, after the…
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Bharti Airtel prepays Rs 8,465 crore to DoT for spectrum acquired in 2016
The company has prepaid Rs 8,465 crore to the Department of Telecom (Government of India) against spectrum acquired in 2016. | File Photo:…
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China’s central bank buys 200 billion yuan of sovereign bonds in September
THE Chinese central bank said on Monday (Sep 30) that it had bought 200 billion yuan (S$36.5 billion) of the country’s government bonds in…
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Aston Martin plunges as supply woes prompt profit warning
SHARES of Aston Martin Lagonda Global plunged after the luxury sports-car maker lowered its guidance for the year, blaming supply chain…
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Tamil Nadu's auto manufacturing sector faces severe climate risks: CII
To combat these challenges, CII has recommended both short-term and long-term strategies. | Representational 2 min read Last Updated : Sep…
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Arkade, Northern Arc, Kross, Western Carriers, Tolins Tyres hit new lows
3 min read Last Updated : Sep 30 2024 | 11:52 AM IST Shares of recently listed companies, including Arkade Developers, Western Carriers…
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Volkswagen’s second profit warning exposes a carmaker in decline
VOLKSWAGEN’s (VW) second profit warning in three months makes one thing clear: Europe’s biggest automaker is in decline. The German…
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Indonesia launches central counterparty clearing house
INDONESIA launched on Monday (Sep 30) a central counterparty clearing house (CCP) for foreign exchange and money market transactions as it…
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Hot stock: Nio jumps over 20% on news of strategic investment in China unit
The last time the counter reached such levels was in January, when it traded above US$7.60 SHARES of Nio rose by 21.9 per cent on Monday…
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Thailand has no limit on number of virtual bank licenses: deputy finance minister
THAILAND is not limiting the number of virtual bank permits that will be issued, a deputy finance minister said on Monday. Any group that…
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Asia: Tokyo stocks dive on strong yen as Hong Kong, Shanghai extend rally
STOCKS plunged more than four per cent in Tokyo on Monday after the yen surged in reaction to Shigeru Ishiba’s election last week as the…
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Powerful typhoon lash northernmost islands of Philippines, schools shut
Representative Image: In 2013, Typhoon Haiyan, one of the strongest recorded tropical cyclones in the world. (Photo: Reuters) 2 min read…
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Singapore’s moribund IPO market looks to Reits for a lifeline
SINGAPORE’S stagnant initial public offering (IPO) market is relying on a boost next year from real estate investment trusts (Reits).…
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Pullback expected for Nifty50; wait for correction? What analysts say
A man talks on phone at the National Stock Exchange as its new logo for for the benchmark Nifty50 is seen on a glass-wall, in Mumbai 3 min…
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Singapore shares open almost flat on Monday; STI down 0.02%
SINGAPORE stocks began Monday (Sep 30) on a muted note, as global equities ended mixed over the weekend. As at 9.01 am, the Straits Times…
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Stocks to watch: Nio, Sheng Siong, Manulife US Reit
THE following companies saw new developments that may affect trading of their securities on Monday (Sep 30): Nio Inc: The Chinese…