India’s central bank has taken measures to curb increasing stress in the burgeoning unsecured consumer loan market, hitting fintech lenders like Paytm that have increasingly relied on riskier loans for growth. The Reserve Bank of India said in November that lenders must increase the risk weight, the minimum amount of capital they must hold relative … [Read more…]
NEW YORK (AP) — Most of Wall Street rose Thursday after the previous day’s big rally on fears that multiple interest rate cuts could actually happen next year. The S&P 500 gained 0.3%, coming within 1.6% of its all-time highs reached early last year. The Dow Jones Industrial Average rose 158 points, or 0.4%, setting … [Read more…]
BANGKOK (AP) — Stocks are mostly higher in Asia after a strong rally on Wall Street pushed the Dow Jones Industrial Average to a record high as the Federal Reserve suggested interest rate cuts were likely next year. However, the Nikkei 225 in Tokyo fell as the yen rose sharply against the U.S. dollar, as … [Read more…]
4 hours ago Activity in India’s services sector grew slower than expected in November S&P Global said activity in India’s services sector grew slower than expected in November. The country’s services purchasing managers’ index came in at 56.9, down from 58.4 in October and also lower than the 58.0 expected in a Portal forecast. A … [Read more…]
The Transspeed projector can create a cinema screen almost anywhere. In the children’s room, in the garden, on vacation at the campsite, with this portable device you can improvise a film or series evening indoors or outdoors. It projects a high quality image with a resolution of 1280 x 720 pixels. It easily supports 4K … [Read more…]
45 minutes ago Pfizer shares are falling after the company stops developing experimental weight-loss drugs Pfizer shares fell about 4% in premarket trading after the drugmaker decided to stop developing a twice-daily version of its weight-loss drug due to adverse side effects. “At this time, the twice-daily danuglipron formulation will not advance to Phase 3 … [Read more…]
Stay up to date with free updates Simply sign up for the US Interest Rate myFT Digest – straight to your inbox. The dollar hit a three-month low on Tuesday and U.S. Treasury yields fell as investors became increasingly confident that the Federal Reserve will begin cutting interest rates in mid-2024. The U.S. currency fell … [Read more…]
(Bloomberg) — Treasury yields rose as investors weighed a range of economic data for clues about the prospects for the Federal Reserve’s next moves. Most read by Bloomberg Two-year yields reached 4.9% after data showed short-term U.S. inflation expectations climbed to an eight-month high in November. The S&P 500 gave up its gains. Microsoft Corp. … [Read more…]