Business News
Department of Investment and Public Asset Management (DIPAM) and Finance Secretary Tuhin Kanta Pandey said the government is confident of meeting the 4.9 per cent fiscal deficit for the year. He also spoke about the new Central Public Sector Enterprises (CPSEs) capital restructuring norms that mandates them to pay a minimum of 30 per cent … Read more
FRANKFURT (Reuters) – The European Central Bank warned on Wednesday about a “bubble” in stocks related to artificial intelligence (AI), which could burst abruptly if investors’ rosy expectations are not met. The warning came as part of the ECB’s twice-yearly Financial Stability Review, a laundry list of risks ranging from wars and tariffs to cracks … Read more
Earnings Snapshot: NIO reports 11.6% delivery growth, beats top-line estimates; initiates Q4 outlook
Rep. August Pfluger, R-Texas, discusses U.S. energy policy under the Trump administration on Maria Bartiromos Wall Street. President-elect Trump has tapped two energy czars to oversee the expansion of American energy in his second term, and the industry has already handed the incoming administration and Congress a wish list of what they would like to … Read more
SHANGHAI/HONG KONG (Reuters) – Major Chinese fund companies announced a reduction in fees for a batch of equity exchange-traded funds (ETFs) on Wednesday, intensifying price competition in the rapidly expanding $400 billion sector of the market. The move to cut management and custodian fees came a day after Wu Qing, China’s chief securities regulator, pledged … Read more
Stay informed with free updates Simply sign up to the Eurozone economy myFT Digest — delivered directly to your inbox. The Eurozone risks another debt crisis if the bloc cannot boost growth, lower public debt and fix “policy uncertainty”, the European Central Bank has warned. In its annual Financial Stability Review, published on Wednesday, the … Read more
Voters in California have rejected a ballot measure that would have raised the state minimum wage to $18 per hour by 2026, the highest in the country. Opponents, including the California Chamber of Commerce, said it would have increased costs, led to higher taxes and pushed businesses to cut jobs. “With the economy and costs top … Read more
Former Infosys CFO Mohandas Pai on Wednesday attacked Delhi Chief Minister Atishi and the Centre over worsening air pollution in the national capital. Calling Atishi out on the unlivable condition of Delhi, Pai accused her of misleading people on burning and pollution from Punjab. Calling the Delhi air situation a ‘great tragedy’, the former Infosys … Read more
The world’s hottest company is back to wrap up tech earnings season. Money managers are waiting nervously as Nvidia gets set to reveal its latest quarterly results on Wednesday afternoon. While Wall Street is expecting another strong showing for Q3—Visible Alpha predicts revenue will increase 84% year over year to $33.2 billion—all eyes are on … Read more
Lantheus Holdings (NASDAQ:LNTH) said on Wednesday that its board has authorized a share repurchase of up to $250 million of shares during the next one year. “We intend to commence repurchases in the fourth quarter of this year and opportunistically return