MUMBAI, Nov 15 India's top hedge fund is exploring opportunities in state-run banks, a sector shunned by most investors till now, as valuations turn attractive and the backlog of bad loans that have riddled lenders start to dwindle.
MUMBAI India's top hedge fund is exploring opportunities in state-run banks, a sector shunned by most investors till now, as valuations turn attractive and the backlog of bad loans that have riddled lenders start to dwindle.
MUMBAI, Nov 14 Reliance Mutual Fund, one of India's largest fund houses, is betting on select mid-cap stocks to make a come-back after a big correction this year due to macro-economic concerns and an emerging market sell off.
MUMBAI Reliance Mutual Fund, one of India's largest fund houses, is betting on select mid-cap stocks to make a come-back after a big correction this year due to macro-economic concerns and an emerging market sell off.
The trade battles being pursued by U.S. President Donald Trump’s administration are likely to lead to fairer but still free global trade, said Mohamed El-Erian, chief economic advisor at the Allianz Group, Europe's largest insurer.
The U.S. Federal Reserve is moving appropriately on the path to unwind asset purchases and normalize rates, while the European Central Bank (ECB) may be too hesitant, said Mohamed El-Erian, chief economic advisor at the Allianz Group.
DAVOS, Switzerland The yuan could fall by five percent in 2017, and anything more than that will result in greater capital outflows, former People's Bank of China (PBOC) adviser Li Daokui said.
MUMBAI BSE Sensex ended flat on Saturday in a special session conducted by the exchange to test a disaster recovery software programme.
Three years ago, when Iran's military captured 10 U.S. sailors after they mistakenly strayed into Iranian waters, U.S. Secretary of State John Kerry and Iranian Foreign Minister Mohammad Javad Zarif jumped on the phone in minutes and worked out the sailors' release in hours.