Bloomberg Markets: European Close. Live from New York and London, analyzing the major market moving stories across the day in Europe, hear from the biggest newsmakers and showcase the unrivaled expertise of Bloomberg News.
Federal Reserve Bank of Cleveland President Loretta Mester said she favors raising interest rates by 50 basis points this month and next but cautioned that pace could speed up or slow down from September, based on what happens with inflation. She spoke on Thursday to a virtual event hosted Philadelphia Council for Business Economics.
Infosys co-founder NR Narayana Murthy on Friday called out the current crop of entrepreneurs for not taking initial public offerings (IPOs) seriously and not treating investors’ savings with respect. The IT veteran said: “IPOs have somehow been taken as a surrogate for the next round of financing. I think that’s not a good thing because […]
(Bloomberg) — Investors should buy “dull” companies that generate steady cash flows as stock markets face growing headwinds from inflation and a potential economic slowdown, according to the chief executive officer of Causeway Capital Management. Read More
Jonathan Ferro highlights the market-moving news you need to know with 30 minutes dedicated to fixed-income. Featuring a round-table including BlackRock’s Gargi Chaudhuri, JPMorgan’s Bob Michele, and Bianco Research’s Jim Bianco.
The Employees’ Provident Fund Organisation (EPFO) will soon start crediting 8.1% rate of interest for 2021-22 to its members as the finance ministry has ratified the rate proposed by the retirement fund body in March. In March, the Central Board of Trustees (CBT), the highest decision-making body of the EPFO, decided to lower the interest […]
The commerce ministry has made a renewed push to allow firms in the special economic zones (SEZs) to sell goods in the domestic market at a low duty, as it prepares a raft of proposals to replace the existing law governing these duty-free enclaves with a new piece of legislation, official and industry sources told […]
Anthony Lacavera, the entrepreneur and investor who was shut out of Rogers Communications Inc.’s process to sell Freedom Mobile, has gone directly to Freedom’s current owner — Shaw Communications Inc., the Calgary-based telecommunications company that Rogers is attempting to acquire — with a proposal that would see Shaw collect a break fee from the Rogers […]