Abu Dhabi’s ADQ manages $157 billion assets: Global SWF
The smallest of Abu Dhabi’s three main sovereign wealth funds, ADQ has emerged as one of the region’s most active dealmakers, and Global SWF suggested it could even merge in future with Mubadala Investment Company, Abu Dhabi’s second-biggest SWF.
Skewed transmission of rates makes it tough for borrowers
Reserve Bank of India (RBI) data showed that banks have promptly passed on the 140-basis-point increase in the repo rate in the first half of the current fiscal, while new deposit rates have only increased by 91 basis points. One basis point is 0.01 percentage point.
Oil prices edge higher as US dollar eases
International benchmark Brent crude futures gained 12 cents to $93.38 per barrel by 0008 GMT, while U.S. West Texas Intermediate crude futures rose 22 cents to $84.80 per barrel. U.S. business activity contracted for a fourth straight month in October, with manufacturers and services firms in a monthly S&P Global survey of purchasing managers both […]
Samvat 2079 begins on a bullish note, Sensex surges over 500 points
The Sensex came close to touching the 60,000-mark. The 30-share gauge closed at 59,831.66, up 524.51 points, or 0.88%. It touched a session high of 59,994.25. The Nifty advanced by a similar level to close at 17,730.75. India’s financial markets were closed for regular trading Monday, but traders and investors took cues from strength in […]