Stock market

Hi-Green Carbon and Mangalam Alloys open IPO subscriptions
September 21, 2023 04:26 PM AEST| By InvestingHi-Green Carbon and Mangalam Alloys, two Indian companies, opened their initial public offerings (IPOs) for subscription on Thursday. Both companies are seeking to raise funds for working capital requ

Sai Silks IPO sees tepid response on first day
September 21, 2023 04:24 PM AEST| By InvestingSai Silks (Kalamandir), a Hyderabad-based company, experienced a lukewarm response on its initial public offering (IPO) that launched on Wednesday. The firm aimed to raise Rs 1,201 crore ($16.3 millio

Josh Frydenberg to chair Goldman Sachs' Australian business, exits politics
September 21, 2023 04:24 PM AEST| By InvestingFormer Australian treasurer Josh Frydenberg has confirmed that he will not attempt to return to politics at the next federal election. This announcement, made on Thursday, represents a significant shi

EMS Limited makes strong debut on Indian stock markets despite broader downturn
September 21, 2023 04:22 PM AEST| By InvestingEMS Limited, a leading entity in India's water and wastewater management industry, made a significant debut on India's domestic stock markets on Thursday. The company's shares opened with a premium of

Google-backed Kuku FM secures $25 million in recent funding round
September 21, 2023 04:20 PM AEST| By InvestingGoogle-backed audio content platform, Kuku FM, has managed to secure $25 million in its latest funding round on Wednesday. This move is part of the firm's strategy to expand its audiobook offerings in

Zurich housing market outpaces London and Paris amid corporate recruitment surge
September 21, 2023 04:18 PM AEST| By InvestingThe housing market in Zurich, Switzerland's financial hub, has experienced a significant upswing, outpacing those of London and Paris, according to data gathered by Bloomberg. This surge, primarily dr

Gambia's dalasi remains Africa's strongest currency amid tourism and remittance inflows
September 21, 2023 04:14 PM AEST| By InvestingThe Gambia's currency, the dalasi, continues to hold its position as Africa's strongest currency this year, according to the central bank governor. The dalasi has appreciated by 0.9% against the U.S.

RBI approves HDFC AMC's acquisition of up to 9.5% stake in Karur Vysya and DCB Banks
September 21, 2023 04:14 PM AEST| By InvestingThe Reserve Bank of India (RBI) has given its approval to HDFC Asset Management Company (HDFC AMC) for the acquisition of up to 9.5% stake in both DCB Bank and Karur Vysya Bank. This approval, granted

Ethereum's price surpasses $2,000 following Shapella upgrades
September 21, 2023 04:10 PM AEST| By InvestingThe price of Ethereum (ETH) has surpassed the psychological threshold of $2,000, following the implementation of the Shanghai and Capella upgrades, collectively known as Shapella. The upgrades have al

Taiwan central bank likely to hold benchmark rate steady amid election uncertainty
September 21, 2023 03:36 PM AEST| By InvestingThe Central Bank of Taiwan is anticipated to keep its benchmark interest rate unchanged at 1.875% for the second quarter in a row, according to a survey of 19 economists. The decision, expected to be

Brex introduces AI assistant to streamline employee expense management
September 21, 2023 03:16 PM AEST| By InvestingBrex, the financial technology company, has launched an artificial intelligence (AI)-powered assistant named 'Brex Assistant' on Thursday. The new tool is designed to simplify and enhance employee exp

Marijuana industry sees boost in investor confidence amid potential U.S. regulatory changes
September 21, 2023 03:10 PM AEST| By InvestingThe global marijuana industry, currently valued at over $444 billion, is projected to grow nearly eightfold by the end of this decade, according to Fortune Business Insights on Wednesday. The future o

SJVN shares tumble after Indian government announces stake sale
September 21, 2023 03:10 PM AEST| By InvestingShares of hydroelectric power generator, SJVN Ltd, experienced a significant drop in early trading on Thursday, falling by 10% following the Indian government's announcement of its plan to divest up t

RBI greenlights HDFC AMC's acquisition of up to 9.5% stake in Karur Vysya Bank and DCB Bank
September 21, 2023 03:08 PM AEST| By InvestingThe Reserve Bank of India (RBI) granted approval to HDFC Asset Management Company (HDFC AMC) on Wednesday, September 20, 2023, allowing the firm to acquire up to 9.5% stake each in Karur Vysya Bank an

Lucid Group eyes earnings growth despite recent stock slide
September 21, 2023 03:02 PM AEST| By InvestingIn the most recent trading session on Wednesday, Lucid Group (NASDAQ:LCID), an electric vehicle automaker, closed at $5.45, marking a -0.91% move from the previous day. This move was narrower than the

Grayscale abandons post-Merge Ethereum PoW tokens due to liquidity and custodian concerns
September 21, 2023 02:58 PM AEST| By InvestingGrayscale Investments, a leading cryptocurrency investment firm, has officially decided to relinquish its rights to the Ethereum tokens that followed the significant event known as the Merge. The deci

Asian currencies under pressure due to Federal Reserve's stance, says HSBC
September 21, 2023 02:54 PM AEST| By InvestingHSBC Global Research has recently indicated that Asian currencies may face a challenging period due to the Federal Reserve's "hawkish" stance. The bank mentioned on Thursday that the persistent risks

Crude oil prices endure downturn amid U.S. interest rate hike anticipation
September 21, 2023 02:44 PM AEST| By InvestingCrude oil prices have seen a significant drop in the Asian market on Thursday, following the Federal Reserve's warning of a possible increase in U.S. interest rates. This news has led investors to sec

Asian currencies stumble amid rising U.S. dollar and hawkish Federal Reserve stance
September 21, 2023 02:42 PM AEST| By InvestingAsian currencies experienced a decline in value on Thursday, reflecting the impact of a surge in the U.S. dollar and the U.S. Federal Reserve's hawkish monetary policy. The Indian rupee, South Korean

China's economic indicators signal potential long-term challenges
September 21, 2023 02:10 PM AEST| By InvestingChina's latest economic indicators are hinting at potential long-term difficulties, raising concerns among economists globally. The world's second-largest economy has shown a disappointing growth rate

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