HONG KONG — Asian shares tumbled on Tuesday after Wall Street officially entered bear market territory and bond yields hit a two-decade high on fears aggressive U.S. interest rate hikes would push the world’s largest economy into recession. Read More
Indian equities tanked on Monday with investors rattled by the big sell-off in the US markets last Friday. On a day when prices of crude oil stayed steady, bonds sold off and the rupee sank to new lows, falling through the 78 mark against the dollar. Investors rushed for the exit, anxious about an unfriendly […]
The S&P 500 Index sank into a bear market on Monday with investors fearing that the Federal Reserve will need to hike interest rates more aggressively to fight inflation, even at the risk of sending the US economy into recession. Our team on “Bloomberg Markets: The Close” reports.
On Bloomberg’s ‘Balance of Power’ with David Westin, Douglas Holtz-Eakin, American Action Forum president, on inflation and the possibility of recession; Rep. Jim Clyburn, (D) South Carolina on the Jan. 6 hearings, gun control and upcoming elections; Dan Yergin, S&P Global Vice Chairman, on record high energy prices.
The government on Monday said the larger award of $3.85 billion plus interest by the arbitral tribunal regarding the production sharing contract for Panna-Mukta and Tapti fields was in its favour and that this was being pursued through the execution petition filed before the Delhi High Court. It also said it retained the right to […]
Piramal Group, a serious contender to acquire debt-laden Reliance Capital’s (RCap) assets, is willing to reduce its stake in competing insurance firms to comply with the country’s insurance sector regulations. The group has already informed the same to the Insurance Regulatory Authority of India (IRDAI), which had earlier raised concerns over its holding in two […]
Thyssenkrupp Industries India (TKII), an industrial plants and systems company, is looking at a 2x growth in its revenues in the next couple of years. After doubling revenues in the last four years from Rs 1,200 crore to Rs 2,500 crore at present, the company expects the growth trajectory to continue this year. The company […]
In Australia, the power crisis is deepening. States of Queensland and New South Wales are facing the risk of blackouts. Paul Allen reports on Bloomberg Television. ——– Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: https://www.bloomberg.com Connect with us on… Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/
Around 76% consumers who own air conditioners do not get them serviced by manufacturer/company due to high cost, complicated contact process and time constraints, according to a finding by LocalCircles. According to the findings, two in three consumers say the service arm of air conditioner manufacturer charges 50% or higher compared to local vendors to […]
Jeremy Siegel, a University of Pennsylvania Wharton School professor of finance, says the Federal Reserve should act aggressively in light of the recent US inflation data. He speaks on “Bloomberg Markets: The Close.”