“We believe Asia in 2025 will look very different from what it did in the past few years,” said HSBC’s analysts. “Mainland China is turning a corner, India is slowing, ASEAN is investing in new infrastructure, and, in North Asia, the story is all about AI and returning cash to shareholders through dividends and share buybacks.
Posts in category Economic Times
$94,000 Bitcoin hits fresh record high (21-11-2024)
“Trump’s seeming interest to push further into crypto on a personal level has contributed to optimism that crypto will be a top priority when Trump takes office,” said Stephane Ouellette, chief executive officer of crypto trading firm FRNT Financial.
Fewer stocks suffer deep cuts in the current selloff (21-11-2024)
The study compared how many stocks fell by what extent whenever the benchmark indices fell at least 10% from their highs. In the past decade, the Nifty has fallen at least 10% from its highs on at least six occasions (including the current one). In most of these instances, more mid-cap and small-cap stocks have fallen at least 30% than in the ongoing declines.
Adani Green Energy raises $600 million via 20-year bonds (20-11-2024)
The company priced the bond at 7.45% and the proceeds of the issue will be used to refinance existing loan facilities of the company. The pricing of these bonds is much higher than the 7% targeted by Adani Green in the issue that was pulled out ultimately on October 15. Bankers said the more expensive pricing reflects the rise in the benchmark US treasury yield since that date.
DPIIT approves RCap’s acquisition by IndusInd International Holdings (20-11-2024)
The Department for Promotion of Industry and Internal Trade (DPIIT) has given the green light to the ₹10,000-crore acquisition of Reliance Capital by IndusInd International Holdings (IIHL). This approval clears the final regulatory hurdle for the deal.
Banks seek more collateral for Vi LCs, putting its upgrade plans in jeopardy (20-11-2024)
Vodafone Idea’s network upgrade plans face potential delays as banks demand additional collateral for issuing letters of credit to equipment suppliers. Despite claims of sufficient funds for the fiscal year, banks remain cautious due to Vi’s substantial debt, including AGR dues. This situation could hinder Vi’s ability to compete effectively with rivals like Jio and Airtel.
RBI warns unchecked inflation could harm India’s real economy, despite strong growth outlook (20-11-2024)
Despite festive spending and a recovering agricultural sector boosting the Indian economy, rising inflation threatens to undermine growth, particularly in industry and exports, according to RBI researchers. While financial markets experience corrections due to a strengthening US dollar and foreign investment outflows, the RBI remains committed to price stability and growth.
Ahead of Market: 10 things that will decide D-Street action on Thursday (20-11-2024)
The Indian benchmark Nifty 50 ended a seven-day losing streak, driven by gains in HDFC Bank and Mahindra & Mahindra. The market saw a short-term relief rally after slipping into correction territory. Despite the rise, analysts remained cautious, highlighting potential volatility and resistance levels.
US stocks open subdued ahead of Nvidia earnings (20-11-2024)
The Dow Jones Industrial Average rose 27.1 points, or 0.06%, at the open to 43,296.05.