Global investment bank JPMorgan Chase sees Reliance Retail’s enterprise value at $112 billion, while UBS has valued it at $110 billion and Bernstein at $111 billion.
Fed officials tempered expectations for an October rate hike after Philip Jefferson and John Williams stressed patience and data dependence. Markets sharply reduced hike odds,
US stocks rose, with the Nasdaq Composite hitting a record high after disappointing jobs data emerged. Lower Treasury yields and declining oil prices contributed to
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