: Exxon Mobil plans to cut office workforce by up to 10% a year: report
2021-06-22
Exxon Mobil Corp. reportedly plans to reduce its U.S. office workforce by up to 10% a year for the next three to five years. Source linkContinue Reading
Capitol Report: After China causes bitcoin to crater, threat of new U.S. regulations loom over crypto market, experts say
2021-06-21
Recent moves underscore the influence that large governments, like China and the U.S., hold over the price of bitcoin and other cryptocurrencies, experts say. Source linkContinue Reading
MSCI India crosses 55% premium over emerging markets peers: Report
2021-06-21
We expect the valuation premium to remain at elevated levels, as it offers one of the fastest growth in the region, Credit Suisse Wealth Management India said Source linkContinue Reading
Bond Report: 2-year Treasury yield logs biggest weekly gain in nearly 2 years as Fed’s Bullard says door opened to tapering
2021-06-19
Long-dated Treasury yields recede Friday, but the short-term 2-year Treasury book the sharpest weekly rise in nearly 2 years as longer-dated bonds saw rates retreat, compressing the yield curve. Source linkContinue Reading
IPO Report: 23andMe shares surge 21% in their trading debut after merger with Richard Branson-backed SPAC
2021-06-18
Shares of consumer genetics company 23andMe rose 21% in their trading debut Thursday, after the provider of home DNA test kits went public via a merger with Richard Branson’s special-purpose acquisition corporation, or SPAC, VG Acquisition Corp. Source linkContinue Reading
Govt puts on hold proposal to cut import duty on edible oils: Report
2021-06-18
Household consumption is expected to decline the longer prices remain elevated. Source linkContinue Reading
Bond Report: 30-year Treasury yield sees largest slide in 2 months in turbulent post-Fed action
2021-06-17
Yields on U.S. government debt whip around Thursday with long-dated Treasurys seeing the biggest drop in weeks, a day after the Federal Reserve was seen adopting a more hawkish stance on monetary policy, signaling that benchmark interest rates could be lifted sooner than later and that inflation may run hotterContinue Reading
Indian UHNIs to invest up to $30 bn in tech startups by 2025: Report
2021-06-17
The report titled, ‘Turning Ideas to Gold’, also noted that India could add 95 new tech unicorns to its 56-strong unicorn pool by the same time period. Source linkContinue Reading
India unlikely to see a V-shaped economic recovery in Q1FY22: Report
2021-06-17
The economy is likely to contract 12% in the June quarter, says says Swiss brokerage UBS Securities India Source linkContinue Reading
MFI portfolio rose 8.4 per cent in FY'21: Report
2021-06-17
The sector was hit as borrowers-generally small sized loans from the bottom of the pyramid were adversely impacted in their ability to repay loans. This was due to job and income losses arising out of pandemic induced lockdown throughout the country creating economic disruptions. Source linkContinue Reading