Reinstating the risk of deflation, China’s consumer prices remained flat in September and producer prices continued to decline, official data revealed on Friday. Foreign trade data from the General Administration of Customs showed that exports declined again in September amid falling prices and subdued global demand. The consumer price index, […]

Asian stocks declined on Friday as hotter-than-expected U.S. consumer price inflation data revived fears about further interest rate increases. Mixed Chinese data, lingering concerns about the conflict in the Middle East and caution ahead of earnings from JPMorgan Chase & Co., Citigroup Inc. and Wells Fargo & Co. due later […]

European stocks are seen opening slightly lower on Friday as investors react to Chinese data and await directional cues from the U.S. earnings season. China’s exports and imports shrank at a slower pace for a second month in September, customs data showed earlier today. Both exports and imports fell 6.2 […]

Stocks moved mostly lower over the course of the trading day on Thursday, giving back ground after trending higher over the past several sessions. The major averages showed a lack of direction early in the session before coming under pressure in the early afternoon. The major averages climbed off their […]

Corporate India is busy restructuring — through mergers, demergers and splits. That seems to be the new normal as CXOs and boards brainstorm on how to create assets and value. The pitch rose significantly during the third quarter of this financial year (FY24), translating into $32.9-billion worth of such deals […]

Market sentiment continued to be strong amidst the onset of the earnings season and ahead of the CPI update from the U.S. The recent dovish hints by Fed officials aided the Dollar’s retreat as well as the easing in U.S. bond yields. Wall Street Futures are trading with gains. European […]

Fund managers of large-cap and equity-linked saving schemes (ELSS) have demonstrated a marked improvement in their performance over the past year, according to the latest SPIVA (S&P Indices Versus Active) report released by S&P Dow Jones Indices. In the one-year period ending June 2023, 17 per cent of active large-cap […]

Energy major Exxon Mobil Corp. announced Wednesday its agreement to acquire Pioneer Natural Resources Co. in an all-stock transaction valued at $253 per share or $59.5 billion in total. The implied total enterprise value of the deal, including net debt, is around $64.5 billion. In pre-market activity on the NYSE, […]

Maruti Suzuki India (MSIL) has ambitious plans to increase capacity. It is also seeking shareholders’ approval for a complex swap transaction, which  would acquire Suzuki Motor Gujarat (SMG), a subsidiary of Suzuki Motor Corporation (SMC) through a preferential offer. SMC already holds 56.37 per cent of MSIL’s equity. MSIL targets […]

General Motors Co. has reached a tentative agreement with Canadian union Unifor, ending a strike in its Canadian plants seeking better contract terms. The move comes as the auto major’s various US plants are continuing to be hit by United Auto Workers or UAW union’s ongoing strike over demands for […]