Cycling Financial News

New Delhi: Spain’s Zelestra plans to invest $5 billion in India to build 10GW of wind and solar power capacity by the end of the decade, a top executive said, doubling its previous target of achieving 5GW by 2026. The company, backed by private equity firm EQT, may also enter India’s lucrative commercial and industrial sector as part of the expanded plan, chief executive officer Leo Moreno said in an interview. Typically, renewable energy projects raise 30% equity and 70% project finance, but given the strong backing from EQT, Zelestra won’t need to raise any external equity, Moreno said.

Mint spoke with expect Apple to register up to a 20% boost in iPhone sales in India in the next three months as retailers unleash discounts and product launches to celebrate the country’s peak festive season. This, in turn, could help Apple close in on the $15-billion revenue milestone in India in 2024-25, driven by consumer thirst for the benchmark-setting company’s latest AI offerings, a natural consumer upgrade cycle, better pricing, and more affordable instalment plans.

Matt Norris, investment adviser to the VT Gravis UK Listed Property fund, explained there are five key drivers supporting his positive outlook for the sector's growth potential in the near term. Deep Dive: REIT sector focus matters even as sharp discounts abound The first is the continuation of the interest rate easing cycle, which Norris said should lower future refinancing costs and reduce the discount rates used to value properties, while the second is the growing economy. «The UK economy is demonstrating resilience, with a soft landing evident in recent economic data,» Norris s...

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Khoon Goh, Head of Asia Research, ANZ, says every time the Fed embarks on a fresh easing cycle, the dollar tends to depreciate heading into not only the first rate cut but the second rate cut as well. So, I think there is a further downside in the dollar to come in the coming months. The dollar index continues to be fairly volatile. In fact, from those 106 levels, it is down to 101. Even the Indian rupee for that matter had weakened quite a bit and is almost at the lowest point. What is your sense as to where the dollar is headed next? Khoon Goh: Overall, I am still bearish on the US dollar. I believe the dollar is clearly on a downtrend on the back of expectations that the Fed will start its easing cycle next week. And when we look at history, every time the Fed embarks on a fresh easing cycle, the dollar does tend to depreciate heading into not only the first rate cut but the second rate cut as well. So, I think there is a further downside in the dollar to come in the coming months.

mutual fund performance but unsure where to begin? Fret not!—ET Markets has got your back! In a special episode of ET Smart Investor, we sat down with Arun Kumar, VP & Head of Research at FundsIndia, to get expert insights on the best methods for monitoring fund performance. Excerpts:

Harvey Hunter is a Junior Content Creator at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.

BEIJING — China on Monday reported its consumer price index rose by 0.6% year on year in August, missing expectations as transportation and home goods prices, as well as rents declined.

Foreign investors infused nearly ₹11,000 crore in domestic equities in the first week of the month owing to resilience of the Indian market and expectations of rate cut in the US. Foreign Portfolio Investors (FPIs) have been consistently buying equities since June. Before that, they had pulled out funds to the tune of ₹34,252 crore in April-May.

European Central Bank will probably cut interest rates on Thursday in a prelude to a US move the following week, as the global monetary cycle tilts toward more synchronized easing. Euro-zone officials have signalled that they'll deliver a second reduction in borrowing costs, following up on July's move, which will be scrutinized by investors looking for policymakers' intentions for any further steps later this year. At least one more cut is seen likely in 2024.

Mining raw materials, like nickel, for batteries harms the environment, and new mines are very difficult to get approved, so the search is on to recycle metals that have already come out of the earth

investors are on edge ahead of more key macro events that could shape the tone for trading in the weeks ahead. Here's your look at the week ahead for markets from Kevin Buckland in Tokyo, Ira Iosebashvili in New York, Yoruk Bahceli in Amsterdam and Naomi Rovnick and Amanda Cooper in London.

capital gains. This will only be applicable to individuals whose net worth is above $100 million, meaning that the state will tax rich individuals if the value of their assets increase, even if they don't sell anything.

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upcoming interest rate cut by the US Federal Reserve has been a key talking point in the Indian stock market over the past few weeks. While discussions around Fed rate cuts have been recurring for over a year, it appears that the much-anticipated shift is finally on the horizon. The US Fed is poised to initiate its rate-cutting cycle, with the first reduction expected on 18 September, coinciding with the next Fed meeting.

Fed Chief Jerome Powell unambiguously stated at the Jackson Hole Economic Symposium that “the time has come for policy to adjust.” Clearly, barring unforeseen circumstances, the rate-cutting cycle in the US will start in September. Powell’s comment, “the upside risk to inflation has diminished and the downside risk to unemployment has increased,” is, without any doubt, a more dovish message than the markets had expected.

Arslan Butt is a professional live webinar speaker and derivatives (cryptocurrency, forex, commodities, and indices) analyst. He brings a broad range of skills to help beginners evaluate financial...

This type of long-term thinking and experience in dealing with tough markets — and there’s no doubt maritime shipping has been brutal historically — will serve both A.P. Moller-Maersk A/S and CMA CGM SA well as the two shipping giants seek to expand into air freight. Both companies took delivery this summer of new Boeing 777 freighters and have lined up deliveries of more Boeing Co. and Airbus SE aircraft as they build out capacity. These new aircraft represent the action behind the pledges to diversify their businesses during the height of the pandemic when customers were desperate for sea and air transportation. Both Maersk and CMA CGM have invested in the trucking side of the logistics business and are now accumulating their first new aircraft to tackle the air-freight market. Shipping rates soared during the Covid-19 lockdowns, and the influx of cash from this once-in-a-generation cycle gave marine operators the cash to diversify. Maersk earned $31 billion of operating profit in 2022 alone.

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

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Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...