European Shares Follow Wall Street Higher As Fed Signals Shift

European stocks rallied on Thursday after the U.S. Federal Reserve kept interest rates steady, as widely expected, and hinted at three rate cuts in 2024, citing easing inflation and slowing growth. The European Central Bank and the Bank of England are set to leave interest rates unchanged later today, with investors looking for guidance on future rate path. The monetary […]

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Growth gains, dividend yield to support ITC stock

At its recent analyst meet, the ITC management highlighted that stable taxation on cigarettes has positively impacted tax revenue and helped the legal cigarette industry to gain volumes. ITC highlighted that legal cigarettes account for 9 per cent of tobacco consumption in India, but 80 per cent of tax collection is from tobacco products. While illicit cigarettes account for roughly […]

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Dramatic inflation drop a definitive cause for celebration

The past few years have been so full of gloom, in so many guises, that it takes some adjusting when there comes a piece of all-round good news. Yesterday’s inflation figures are that news. Not only did they show that the Consumer Prices Index has fallen – to 3.9 per cent, down from 4.7 per cent last month – but […]

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Aon To Acquire NFP For About $13.4 Billion In Cash, Stock

Professional services firm Aon plc (AON) announced Wednesday the signing of a definitive agreement to acquire NFP from funds affiliated with NFP’s main capital sponsor, Madison Dearborn Partners (MDP), and funds affiliated with HPS Investment Partners. NFP is a leading middle market property and casualty broker, benefits consultant, wealth manager and retirement plan advisor. Under the terms of the transaction, […]

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European Shares Log Modest Gains As Investors Await Fed Verdict

European stocks rose slightly on Wednesday ahead of Eurozone industrial production data for October and the Federal Reserve’s interest-rate decision due later in the session. While no change in interest rates is expected, Chair Jerome Powell’s press conference and the Fed’s dot plot of future policy trajectory accompanied by revisions to the summary of economic projections could offer more clarity […]

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