Yields rise on heavy supply at auction and trade hopes
NEW YORK (Reuters) - U.S. Treasury yields rose on Wednesday, a day that saw a flood of supply and on optimism for progress in U.S.-China trade negotiations that begin in Washington on Thursday. On Wednesday, the market absorbed a $24…
NHB exposure in Dewan Housing Finance at Rs 24.35 billion
NHB made 15-per cent provisoning in the 2018-19 fiscal as a prudent measure, though DHFL was a standard account as on June, the note said.National Housing Bank (NHB), the principal agency that promotes housing finance institutions in…
Liquidity infusion: SBI cuts MCLR by 10 bps; deposit rates revised down
SBI also cut rates on savings deposits up to Rs 1 lakh to 3.25% from 3.5% with effect from November 1, citing adequate liquidity in the system.India’s largest lender State Bank of India (SBI) on Wednesday cut its marginal cost of…
PSU issues shine: IRCTC IPO, Bharat 22 ETF see strong response despite tepid stock market
Between July 5 and September 19, the Sensex gave up nearly 10% of its value, eroding investor wealth to the tune of Rs 15.04 lakh crore.While the broader stock market has remained muted in the previous week, PSU issues IRCTC IPO and…
So much for September being awful for stocks
September is historically the worst month for stocks. And you've probably read your fair share of stories about the darkest September of all — the financial meltdown in 2008. But if you sat out the market this month, you…
These countries are most vulnerable to the emerging market storm
1. Trouble in paradise: For the past decade, a river of easy money rushed into emerging markets. Now that powerful force is reversing. Rising interest rates, along with trade wars, have started a stampede out of some…
Consulting firm Sionic hires Monahan to run asset servicing unit
NEW YORK (Reuters)<?xml version=”1.0” encoding=”utf-16”?> - Sionic has hired James Monahan from Morgan Stanley to run the consulting firm’s new global asset servicing team, according to a statement on Tuesday. Monahan was…
Bloom Energy, EnergyPower to produce electricity from biogas
Anaerobic digesters will be used to breakdown and clean biowaste to produce biomethane, which will fuel Bloom Energy Servers. (Reuters)US-listed Bloom Energy and EnergyPower announced a joint effort to deploy an integrated solution for…