Chase Financial News

New York | Morgan Stanley shares plunged after third-quarter earnings slid amid sluggish results from the firm’s investment bank and a miss in wealth management.

UBS began wall crossing fund managers for lithium developer Liontown Resources’ emergency capital raising on Wednesday evening, seeking $400 million from equity capital markets to go alongside $760 million in debt.

Indian IT industry anytime soon, engineering colleges are redrawing their strategies to attract more job offers in a tough placement season. Many of these colleges had earlier told ET that they were expecting IT/ITeS firms to step up hiring in the first half of 2024, which marks the second half of the placement season. But now that prospect is looking increasingly bleak.

Any potential equity market rally is at risk if geopolitical uncertainty escalates further, according to Goldman Sachs Group Inc.

Morgan Stanley’s third-quarter earnings slid amid sluggish results from the firm’s investment bank and a miss in wealth management.

LTIMindtree reported a 2% on-year dip in net profit for the second quarter amidst a “challenging business environment” that was marked by wage hikes and muted growth. The company however retained its margin guidance led by strong in flow of cost optimization deals and cost optimisation program. Net profit for the three months ended September was Rs 1162.3 crore, compared with an estimated Rs 1,189 crore a year ago.

Shares in Australian debt collecting giant Credit Corp have slumped almost a third after the company took a tumble on chasing money owed in the US.

By Saeed Azhar and Nupur Anand

DHARAMSALA : The Netherlands caused a stunning upset by beating South Africa by 38 runs in a rain-shortened match to inflict a first defeat on the Proteas in the ongoing 50-overs World Cup in Dharamsala on Tuesday. Beaten in their previous two matches, the plucky Dutch side overcame a top-order collapse to post a competitive 245-8 in the 43-overs-a-side contest. Scott Edwards smashed a captain's knock of 78 not out to rescue the Netherlands, who were reeling at 82-5 in the 21st over but went on to post a decent total.

Goldman Sachs reported lower profit for the third quarter, hurt by losses from selling off pieces of its consumer-lending business and a big drop in revenue in its asset and wealth-management division. The bank on Tuesday said quarterly profit was $2.1 billion, down 33% from a year ago. That amounted to $5.47 per share, which beat the $5.42 per share expected by analysts polled by FactSet.

JPMorgan Chase & Co. sold green bonds for the first time in over two years as global sales of the debt accelerate at a record pace. 

Investing.com --Goldman Sachs releases its latest quarterly results in difficult circumstances, while retail sales will provide clues of the health of the U.S. consumer. County Garden nears debt default, while oil markets look to Venezuela for potential supply. 

₹2 crore may not be large in number, but it could be a good opportunity for HNIs (high net worth individuals) to move money from debt funds or term deposits to these savings deposits," said Macquarie. “The number of savings accounts with balances in the high-interest bucket (< ₹1 crore- ₹2 crore) and impact on deposit cost could be small," it added. Banks have seen a decline in their share of low-cost Casa deposits in the first half of this fiscal year as customers chased higher returns through fixed deposits.

₹589 crore, ahead of Street expectations. On a per-tonne basis, Ebitda rose by 45% year-on-year, as operating expenses hit a multi-quarter low of ₹4,129 in Q2FY24. Freight costs were lower than expected.

The Owino Market in Uganda's capital has long been a go-to enclave for rich and poor people alike looking for affordable but quality-made used clothes, underscoring perceptions that Western fashion is superior to what is made at home

A NASA spacecraft has rocketed away on a six-year journey to a rare asteroid made of metal

Afghanistan pulled off one of the greatest World Cup shocks on Sunday when they defeated defending champions England by 69 runs in New Delhi. Chasing 285 to win, after opener Rahmanullah Gurbaz had hit a blistering 80, England were bowled out for 215 despite Harry Brook's 66 with spinners Mujeeb Ur Rahman and Rashid Khan claiming three wickets each. The stunning upset gave Afghanistan just their second World Cup win to add to a lone victory over Scotland at the 2015 tournament. They came into Sunday's clash having lost their opening two games in India and on a 14-match losing World Cup streak. After Gurbaz and the recalled Ikram Alikhil, with 58, had given them a decent target to defend, Afghanistan's bowlers went to work, striking at regular intervals. Jonny Bairstow (two) was lbw to Fazalhaq Farooqi in the second over before Joe Root was clean bowled by 22-year-old man of the match Mujeeb for 11. Mohammad Nabi got rid of Dawid Malan, who made 140 against Bangladesh, for 32 to precipitate a slide which saw England slump to 138-6. Skipper Jos Buttler was clean bowled by seamer Naveen-ul-Haq for nine, Rashid Khan had Liam Livingstone lbw on 10 before Nabi also dismissed Sam Curran (10). England were tied down, at one stage going more than eight overs without hitting a boundary until Brook managed the team's lone six of the innings in the 31st over. Mujeeb sent back Chris Woakes before effectively sealing the game in his next over, having Brook caught behind by Alikhil with England at 169-8. Brook's 66 came off 61 balls with seven fours and a six. Late fireworks from Adil Rashid (20), Reece Topley (15) and Mark Wood (18) only served to take England past the 200-mark. Earlier, Gurbaz, 21, piled up his runs off

ALSO READ: 'Ek match se kaptaani nahi mili hai..': Babar Azam shuts down 'captaincy' question before India Pakistan clash Miffed at Pakistan's no-show against Pakistan, Ramiz explained how the heavy defeat would impact the World Cup campaign of the team. "This should hurt Pakistan because they weren't able to compete. When you're playing against India it's such an environment where it's 99 percent of India fans and crowds, you're overwhelmed.

₹3.2 crore in Delhi's Baba Haridas Nagar area, Delhi Police said on as reported by news agency ANI. The police added that one of the miscreants has been arrested and currently raids are underway to arrest other accused. They further added that police control room (PCR) team also caught a car from Narela and recovered ₹70 lakh cash.

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India vs Pakistan World Cup match on Saturday, but they expect an uptick late evening as India started its successful chase at around 6 pm. «Food orders were in line with what we usually witness on weekends in the first half of the match...although there was an expectation of a spike with the discounts being offered and advertised during match hours,» an executive at a food and grocery delivery company said. «The match day didn't make much of a difference in the first half, but we saw the trend curve changing after India started batting...that has also to do with the fact that dinner time orders are usually higher,» the person added. Quick commerce platforms witnessed a spike in orders for items such as chips and beverages during the second half of the match.