After forecasting normal rains in April, the India Meteorological Department’s (IMD’s) updated long range forecast holds out the prospect for more normal rainfall from the southwest monsoon between June and September. Overall precipitation is expected to be 103% of the new long period average (LPA) of 868.6 mm, up from the 99% forecast in April. […]
By Indranil Sen Gupta The recovery can be expected to remain shallow with the CLSA Activity Index still weak. After all, it is constrained by weak demand and a slowing US economy thanks to Fed tightening to reduce inflation. The only support for growth comes from soft real lending rates. Despite rising growth risks, the […]
Dan Ives, Wedbush Securities managing director, discusses what Sheryl Sandberg stepping down as COO means for the future of Meta Platforms. He speaks on “Bloomberg Markets: The Close.”
The Securities and Exchange Board of India (India) announced on Wednesday that Ashwani Bhatia – former managing director at the State Bank of India (SBI) – had taken charge as a whole-time member (WTM) on Tuesday. For the last seven months, the regulator had operated with only two whole-time members, S K Mohanty and Anant […]
President Joe Biden says “Operation Fly Formula” is helping high quality baby formula get to store shelves quickly in the US. He spoke during a meeting with formula manufacturers.
With the present inflation surge showing no sign of loosening its grip on the US economy, some economists are advocating a recession, typically defined as two successive quarters of negative growth, as the only effective cure. But are recessions a guaranteed fix for price pressures? Presented by @CME Group: https://www.cmegroup.com/openmarkets/economics.html?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insights
2022 has been a volatile year for wheat. Geopolitical upheaval in Europe and adverse North American weather conditions have resulted in substantial upward price movements in global markets. Amidst the persistent uncertainty, Canada’s wheat producers are playing an instrumental role in world supply. Presented by @CME Group: https://www.cmegroup.com/openmarkets/agriculture/2022/High-Protein-Higher-Profile-Why-Canadian-Wheat-Matters-for-Global-Markets.html?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insights
Bhanu Baweja, UBS Investment Bank chief strategist, gave an optimistic view point of the European Economy on “Bloomberg Markets: European Close”. He spoke with Alix Steel and Anna Edwards on Wednesday morning.
Mike Ashley’s Frasers Group has bought Missguided’s brand out of administration for £20 million in the first distressed takeover since his son-in-law took over the running of his empire. Missguided collapsed on Monday after Boohoo failed to clinch a takeover deal of its online fast-fashion rival and administrators at Teneo were appointed. It is understood […]
HSBC UK has launched its 2022 £15bn lending Fund for small and medium sized businesses, supporting local economies, employment opportunities and driving growth across the country. Businesses have told us that they are ready to invest for growth and are confident about the prospects for their own businesses.They point to the biggest areas of opportunity […]