Author: Press Room
© Reuters. A Christmas tree stands in front of the German share price index DAX graph at the stock exchange in Frankfurt, Germany, December 7, 2023. REUTERS/Staff/file photo (Reuters) – Goldman Sachs has raised its 12-month forecast for the pan-European index to 500, implying a nearly 6% gain through 2024-end, on expectation of lower interest rates. Goldman’s target is roughly 1% above the index’s January 2022 high when the U.S. Federal Reserve started raising rates. The brokerage had earlier expected the index to close 2024 at 480 points. The STOXX 600 has risen more than 11% so far this year.…
© Reuters. PSP Projects Ltd. saw its stock climb to ₹778.15 (₹1 = $0.012) on the National Stock Exchange (NSE), a 1% increase, following the announcement that the company secured the L1 bid for a significant science gallery project in Ahmedabad. The project, valued at ₹296.85 crore (Rs 1 crore = $119,921) excluding GST, is set to enhance the city’s Science City initiative under the auspices of Ahmedabad Municipal Corporation. This latest win adds to PSP Projects’ growing portfolio of contracts. Earlier in December, the company was awarded a ₹101.67 crore construction contract for the Gujarat Biotechnology Research Centre located…
BING-JHEN HONG/iStock Editorial via Getty Images Chip manufacturer Nvidia (NASDAQ:NVDA) wants to set up a production base in Vietnam, its CEO Jensen Huang said during a visit to the country, and plans to deepen its partnerships with local tech firms and support AI advancement through training talent. Huang met Vietnamese Prime Minister Pham Minh Chinh in Hanoi on Sunday, a meeting that the leader said would help in “concretizing the agreements reached during President Joe Biden’s visit to Vietnam last September.” Huang noted that Nvidia (NVDA) has invested around $250M in Vietnam, and will continue to support the country in…
Read this article for free! Plus get unlimited access to thousands of articles, videos and more with your free account! Please enter a valid email address. By entering your email, you are agreeing to Fox News Terms of Service and Privacy Policy, which includes our Notice of Financial Incentive. To access the content, check your email and follow the instructions provided. A White House aide who has held multiple positions in the Biden administration, including White House deputy staff secretary, previously spent nearly two decades at a Delaware law firm that was heavily involved with corporate entities tied to Hunter…
A viral conspiracy theory has emerged surrounding a young Shanghai tourist’s blood transfusion.Yu Yanyan, 27, received blood donations from civil servants in Tibet after suffering a car crash.State media said the civil servants volunteered, but Weibo suspects the blood drive was forced. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app A car crash involving a tourist in Tibet has sparked a wide-ranging online conspiracy theory after dozens of civil servants belonging to one of China’s minority groups donated blood to her.Yu Yanyan, 27, was…
Welcome to FT Asset Management, our weekly newsletter on the movers and shakers behind a multitrillion-dollar global industry. This article is an on-site version of the newsletter. Sign up here to get it sent straight to your inbox every Monday. Does the format, content and tone work for you? Let me know: harriet.agnew@ft.com One scoop to start: Somerset Capital Management, the boutique fund manager co-founded by Tory MP Sir Jacob Rees-Mogg, is to wind down after large client redemptions made the business unsustainable.Fink: ‘The king of the woke industrial complex’?BlackRock and its founder Larry Fink have become a punchbag for…
© Reuters. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, December 6, 2023. REUTERS/Staff/File Photo (Reuters) – European shares were largely unchanged at the start of an event-heavy week as investors braced for U.S. inflation data and interest rate decisions from major global central banks, while weakness in metal prices knocked down miners. The pan-European was flat after climbing to its highest level since February 2022 on Friday. Basic resources shares dropped 1.5%, leading sectoral declines, as prices of most metals moved lower against a stronger dollar. With bets of rate cuts…
© Reuters. MUMBAI – Presstonic Engineering, a manufacturer of Metro Rail industry products, has witnessed a robust response from retail investors to its initial public offering (IPO), with the subscription rate hitting 5.31 times on the first day. The company’s IPO, which opened today at ₹72 per share, has seen retail subscriptions soar nearly ninefold, indicating a strong market interest. The IPO consists of an aggregate issue size of ₹23.30 crore (INR10 crore = approx. USD1.2 million) across 3,236,800 shares with a face value of ₹10 each. Retail investors are required to bid for a minimum quantity of 1,600 shares,…
© Reuters. A staff member hooks up a charging cable to an electric vehicle (EV) at a charging station in Liuzhou, Guangxi Zhuang Autonomous Region, China July 31, 2017. REUTERS/Stringer/File Photo BEIJING (Reuters) – More than 90% of China’s existing new energy vehicle (NEV) models will continue to receive tax breaks on purchases, under new technical requirements unveiled on Monday, China’s industry ministry said. The technical requirements for NEV eligibility for purchase tax exemptions from 2024 state that pure electric cars should have a driving range of at least 200 kilometres per charge while plug-in hybrid cars should be able…
ASE Technology November revenue drops 10.4% Y/Y to $1.69B