Ackman’s private hedge fund has gained more than 9% while his publicly traded fund is up, marking a dramatic reversal for the billionaire investor after 3 yrs of losses.
An easing of restrictions on foreign fund manager outflows from China will give overseas investors more comfort investing in the mainland, bankers and consultants said.
Britain’s top banks like HSBC and Barclays will have to show investors how they can be shut without causing mayhem in markets, the Bank of England said.
Higher public spending has been an important source of support for the economy, and it is likely to remain so this fiscal as well, as the country heads to an election heavy calender next year.
The "hand of government" was the main driver behind the rise in January-March GDP growth to 7.7 percent, the fastest pace in seven quarters as exports and private consumption disappointed.
The blue chip FTSE 100 index gained 0.3 percent, while mid caps also advanced 0.7 percent.
Britain’s top share index rose as shares in cyclical stocks such as miners and financials rallied, joining in broader gains for European stocks .
HSBC has interviewed outgoing Royal Bank of Scotland (RBS.L) Chief Finance Officer Ewen Stevenson to replace HSBC Finance Director Iain Mackay.
RBS had tightened restrictions on project finance and general lending for high-carbon energy projects and companies, joining HSBC in shoring up its climate policies.
Indonesia’s central bank will raise its benchmark interest rate for the second time in two weeks at an out-of-cycle policy meeting on Wednesday, Reuters poll.
I-T department probing acquisition of Chanda Kochhars Mumbai Residence
I-T department looking into acquisition of the residence by Deepak Kochhar
Acquisition of residence said to be linked to firms of Videocon group
Indian Express Reports
BANK OF MAHARASHTRA
3 officials including MD & CEO RP Marathe, ED RK Gupta arrested in Pune
Arrests are in connection to fraudulent loans sanctioned to Kulkarni Developers
Outstanding exposure to DS Kulkarni Developers at Rs 94.52 Cr
RITES IPO subscribed 0.6x on day 1
Fine organic industries IPO subscribed 0.12x on day 1
SBI's B Sriram takes additional charge as MD & CEO of IDBI Bank
B Sriram is the longest serving PSB MD
B Sriram Has Experience In Managing Stressed Assets
Wins bid for Connaught Place in Delhi
Taj Group wins 33-year lease for Connaught Hotel in E-auction
Offered to share 31.8% of annual revenue earned with civic body
Have not received any notice from ED on FEMA violations
U.S. to levy tariff on Indian welded pipes
U.S. imposes anti-subsidy duties of upto 500% on welded pipes from India
China, South Korea, & Turkey to also face duties from U.S.
U.S. imported large-diameter welded pipes worth $294.7 Mn from India in 2017
U.S. International Trade Commission scheduled to make a final decision By Dec 20