Asian stocks struggle as US jobs dry up, kiwi leaps on RBNZ surprise
Overnight a four-day winning streak for Wall Street indexes ended, with all three major indexes dropping, and interest rate expectations were dialled down after data showed U.S. job openings hit their lowest level in nearly two years in February.
FPIs lap up FMCG stocks amid moderating inflation and expectations of margin expansion
The FMCG sector recorded an inflow of $928 million from FPIs in the past six months, which is the second highest after capital goods, which reported an FPI inflow of $1,080 million. FPIs have been net buyers of $644 million in the past six months.
‘Exempt existing FPIs from new AML rule’
ASIFMA describes itself as an independent, regional trade association comprising over 165 leading financial institutions from both the buy and sell sides, including banks, asset managers, professional services firms and market infrastructure service providers.
Sebi’s promoter tag push stumps startups, may disrupt IPO plans
Portea Medical’s founders hold an 18.07% stake in the company. So far, only founders with at least 25% stake were classified as promoters under the Sebi regulations.
Sebi chief briefs SC panel on Adani-Hindenburg issue
The New Delhi briefing to the panel by Securities and Exchange Board of India (Sebi) chairperson Madhabi Puri Buch was her first, and an important one, said these people. Henceforth, she will not appear before the committee unless required.
RBI needs to continue tightening policy: HSBC
HSBC, which expects the RBI to announce a 25-basis-point rate increase at its next policy statement Thursday, said that an end to the cycle of hardening rates now would be akin to stopping a few meters before the finish line at a marathon. The repo rate is currently at 6.50%.