European Shares Climb On Fed Rate Cut Bets

European stocks advanced on Friday amid expectations that the Federal Reserve may announce two rate cuts next year to support growth. Investors shrugged official data showing that U.K. retail sales declined unexpectedly in October as a result of rising interest rates. Retail sales logged a 0.3 percent monthly drop but slower than the September’s revised 1.1 percent decrease. However, the […]

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eCOM, Insta EMI Card ban may hit Bajaj Finance for 1-2 qtrs: Analysts

The Reserve Bank of India’s latest order prohibiting Bajaj Finance from sanctioning and disbursing loans under its ‘eCOM’ and ‘Insta EMI Card’ products may not have serious implications on the non-banking finance company’s profitability, provided the ban is lifted within six to eight weeks, analysts said. “In a surprise move, the RBI has asked Bajaj Finance to stop sanction and […]

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WHO Seeks Data On Rising Respiratory Illnesses In Children In China

The World Health Organization has made an official request to China to provide detailed information on an increase in respiratory illnesses and reported clusters of pneumonia among children in that country. WHO said in a statement Wednesday that authorities from China’s National Health Commission reported an increase in incidence of respiratory diseases at a press conference last week. Chinese authorities […]

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Siemens Q4 Profit Falls, Lifts Dividend; Sees Growth In FY24; Stock Up

German conglomerate Siemens AG reported Thursday sharply lower profit in its fourth quarter, while revenue was benefited by strong performance in all industrial businesses. The firm also announced higher dividend, and said it projects comparable sales growth in fiscal 2024, however, slower than last year. The shares were gaining around 6 percent in the morning trading in Germany. Roland Busch, […]

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