Edward Johnson 
Mumbai: Most auto company stocks made fresh highs on Monday in anticipation of strong March quarter results from them. Traders created fresh bullish bets on auto stock futures as the recent outperformance is expected to continue through the current valuations may be reflecting most of the optimism around the share prices. Maruti Suzuki, Mahindra & … Read more
The high proportion of UK homeowners on fixed-rate mortgages means the Bank of England should be wary of keeping interest rates too high for too long, the International Monetary Fund has warned. The IMF said many borrowers had been sheltered until now from the impact of higher interest rates and there was a risk of … Read more
Trump Media CEO Devin Nunes said the parent company of the former president’s Truth Social platform is “well positioned” to turn profitable in response to recent criticism. Fox News host Maria Bartiromo asked Nunes on “Sunday Morning Futures” when he expects the company to turn profitable after recent regulatory filings showed Trump Media & Technology … Read more
Mumbai: Indian lenders must play a larger role in global derivatives and work to ensure that smaller retail players do not pay more for access to foreign exchange products, central bank governor Shaktikanta Das said Wednesday, underscoring the need for local banks to reflect the country’s rising economic status and emerge as market makers. “Participation … Read more
For most of my life, I worked in the media. In early 2023 I returned from a job abroad, and it had been intense: six weeks in a remote mountain environment. I needed another job quickly, but could not face an office or the blank gaze of a laptop. The Royal Mail seemed to be … Read more
Mumbai: Bandhan Bank fell more than 6% Monday after founder and chief executive, Chandra Shekhar Ghosh, announced a voluntary exit despite a board nod to continue in the top job. Brokerages Jefferies and Nomura have slashed their target prices for the stock of the Kolkata-based lender that emerged as a full-service bank after decades of … Read more
It seems fitting that, in a Californian desert city named Rancho Mirage, there should be an improbable fantasy world rising from the parched, sandy ground. At the starry intersection of Frank Sinatra Drive and Bob Hope Drive – named after two Hollywood celebrities who used to frequent the area’s exclusive country clubs – a hoarding … Read more
Mumbai: The Reserve Bank of India’s (RBI) decision to revert to the multiple price method for auctions of sovereign bonds after three years signals confidence on the part of the Centre and its debt manager about New Delhi’s fiscal management, with the first such debt sale validating that trust. The multiple price auction method was … Read more
Chalk it up as a mini coup for the John Lewis Partnership. The next chair had to be a nuts-and-bolts operator with recent frontline retail experience, almost everybody agreed, and the employee-owned group has landed someone who fits the bill. Jason Tarry spent 33 years at Tesco, the UK’s biggest retailer by a distance, and … Read more
An early Easter boosted consumer spending in March and gave Britain’s retailers their best month in more than two years, according to a report. Prompting hopes that the retail sector might be emerging from a protracted soft patch, the latest snapshot of spending in shops and online showed the value of sales above the current … Read more
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