SoftBank Group Corp’s (9984.T) domestic telecoms unit received approval to list on the Tokyo Stock Exchange in an initial public offering (IPO) worth 2.4 trillion yen ($21.04 billion), a regulatory filing showed, one of the biggest IPOs ever.
The oil bears are back, and they’re looking at OPEC before making their next move. While money managers slashed bets on rising West Texas Intermediate crude prices for a ninth week in their longest retreat on record, short-selling jumped to the highest in more than a year.
India’s key equity indexes headed for their first consecutive weekly gains in two months while stocks fluctuated Friday as investors assessed corporate earnings, the impact of the U.S. Federal Reserve’s rate-hike plan and a fall in oil prices. Markets reopened after a holiday.
State Bank of India Ltd., India’s largest bank by assets, posted the first quarterly profit in 12 months, sending its shares higher. The bank had announced losses in each of the previous three quarters.
U.S. sanctions lifted as part of the 2015 nuclear accord with Iran snapped back at midnight New York time as President Donald Trump fulfils his vow to ramp up pressure on the Islamic Republic over its “malign” behaviour in the Middle East, its ballistic missile tests and its nuclear program.
The U.S. has agreed to let eight countries - including Japan, India and South Korea -- keep buying Iranian oil after it reimposes sanctions on the OPEC producer on Nov. 5, a senior administration official said.
A potential extension of the dollar’s gains against emerging-market currencies in the next few months presents long-term investment opportunities in India, Indonesia and Mexico, according to Vanguard Group Inc.