Abans Holdings set up Abans Investment Managers as its subsidiary company to build investment products, fund management capabilities, and distribution support. The company has lately been focusing on the expansion of its investment management business as a key growth driver apart from its internal treasury operations and institutional broking, and this acquisition will only help in that direction.
US market remains tied to tech stocks despite sharp AI sell-off
The US stock market is currently experiencing a significant pullback in technology and AI-related stocks. Investors are concerned that Democratic victories in the midterm elections