Investors pull record sums from Saudi in Middle East fund flight
November 13th, 2023 06:27
The iShares MSCI Saudi Arabia ETF saw record net outflows in October of more than $200 million, LSEG data shows, cutting 20% from what it held at the beginning of the month. Exchange traded funds (ETFs) providing exposure to stocks in Qatar, the UAE and Israel also suffered outflows, with investors worried about instability, and flows have been muted this month.
Bitcoin ETF craze drives 'nothing for sale' rally
November 13th, 2023 06:27
Bitcoin rose as much as 2.5% to $37,465 on Friday. It climbed within a hair of $38,000 on Thursday, the highest price since May 2022. That was when the collapse of the TerraUSD stablecoin set off a chain of failures across the sector that culminated in the implosion of Sam Bankman-Fried's FTX exchange a year ago from tomorrow.
EM borrowers plan issuances worth $20 billion
November 13th, 2023 06:27
Countries from Colombia to Indonesia and developing-nation companies rushed to lock in lower borrowing costs, taking advantage of a respite in conditions amid signals the US Fed may be close to winding up its aggressive rate hikes.
Bullish setups hint at further upside for Nifty: Analysts
November 13th, 2023 06:27
Stocks such as Axis Bank, SBI, Tata Motors, Sun Pharma, Canara Bank, PFC, DLF, Godrej Properties, PI Industries, Aurobindo Pharma, and Dr Lal Path Labs have exhibited bullish trend on the charts, as per the analysts.
'Sony, Zee will conclude merger, won't let top job become a dealbreaker'
November 13th, 2023 06:27
Abhijit Joshi, managing partner at Veritas Legal said a scheme, once approved by all the authorities, should typically proceed subject to the conditionalities as per the scheme. "Typically, there is a lag between the approval from the court or tribunal and the effectiveness of the scheme. The scope of withdrawal will be limited and will depend on conditionalities to its effectiveness under the provisions of the scheme," he said.
72 hours in Varanasi, Uttar Pradesh
November 13th, 2023 00:27
Benares, Kashi, Varanasi â a city that has many names and is widely believed to be one of the oldest living cities in the world â is a potpourri of unique experiences.
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