Lowe's Financial News

By Jamie McGeever

London-listed private equity investor Intermediate Capital Group has cut the ribbon on a rebooted auction for its Aussie transport and storage solutions business, SCF Containers, after swapping sell-side advisers earlier this year.

Europe's economic outlook just took a turn for the worse

By Jamie McGeever

Investing.com-- Gold prices rose on Monday, taking some relief from a drop in the dollar ahead of key inflation data due this week, while copper prices rose sharply as Chinese inflation data showed some signs of improvement.

soya bean, sugarcane, moong and urad to overcome the damage caused by scanty rains in August, experts said, warning of poor yield, price increases, and food inflation. «Inadequate rainfall for more than a month now is adding to uncertainty for crop yields,» said Rahul Bajoria, managing director and head of EM Asia (ex-China) economics of Barclays.

Tightening capital markets and strong commodity prices are combining to create the “ideal” conditions for consolidation of the ASX-listed exploration sector, which shrank for the first time in almost three years in the June quarter.

Mint explains. During the rain-fed kharif crop season (June to October) the major oilseed crops grown are soya bean and groundnut. Soya bean, which is the largest kharif oilseed, has been planted in more than 12.5 million hectares—marginally more than last year—but the crop is in a poor state due to a prolonged dry spell in major producing states such as Madhya Pradesh and Maharashtra.

JPMorgan Chase CEO Jamie Dimon said Monday that while the U.S. economy is doing well, it would be a «huge mistake» to believe that it will last for years.

NEW DELHI : A global tax convention to tackle aggressive tax avoidance by the top 100 multinational corporations, especially tech giants, is likely to be signed by as many as 138 countries by the end of the year for implementation in 2025, David Bradbury, deputy director of the Organisation for Economic Cooperation and Development’s (OECD) Centre for Tax Policy and Administration said.8 [email protected] A separate but related framework for individual countries to enforce a 15% minimum global corporate tax rate is also being given finishing touches, he said in an interview after discussions on the subject by G20 leaders on Saturday. Bradbury, who was in New Delhi for the summit, said that the two elements of the proposed tax reform--pillar one which gives taxation rights to countries like India where people consume services of MNCs incorporated abroad, and pillar two prescribing a global minimum corporate tax rate--could come as separate measures. Edited excerpts: G20 leaders have said significant progress has been achieved on global tax reform. What is the status now? What we reported to the G20 leaders on Saturday is that a significant milestone has been reached by the inclusive framework on Base Erosion and Profit Shifting (BEPS, or the global initiative to tackle MNC tax avoidance).

NEW DELHI : Equity mutual funds attracted net inflows of ₹20,133.3 crore in August, the highest in five months, up 168.25% over July, according to latest data from the Association of Mutual Funds in India (Amfi). The strong traction in equity funds was led by mid-cap and small-cap funds which continued to attract investor interest during August even though large cap funds saw continued outflows amidst profit booking. “In the month of August, the equity markets exhibited a risk-on sentiment, which is also reflected in the mutual fund flow.

TOKYO—Japan’s stock market has ripped higher this year. Money managers think that this time, the gains might actually last. Corporate policy changes pushed by the country’s stock exchange, an endorsement from Warren Buffett and relatively low valuations have helped Japanese stocks become one of the best-performing markets in the world this year.

The market is following historical trends, which are often easy to overlook.

G-20 Summit, describing its outcome as a diplomatic victory for Prime Minister Narendra Modi who is pushing to increase the country's influence on the world stage and pressing for reforms in global institutions, including the United Nations. India managed to hammer out the unexpected consensus among the G20 countries on the contentious Ukraine conflict through a series of hectic negotiations with emerging economies such as Brazil, South Africa and Indonesia playing a leading role in reaching the agreement on the declaration on the first day of the summit. The New Delhi summit declaration also called for reforming of international financial institutions, managing debt vulnerabilities of low and middle-income countries and the start of the exchange of tax-relevant information on crypto assets by 2027. «Some experts saw the agreement as a win for Russia, while others read it as an achievement for the West.

By Valerie Insinna and Abhijith Ganapavaram

S&P 500 (SPX) fell 1.3% last week after previously recording two consecutive weekly green candles. Nasdaq Composite Index (IXIC) dropped nearly 2% as investors were adding value amid fears that the Federal Reserve will keep higher interest rates for longer.

The US stock market, via the S&P 500, has returned an average of 7.2% adjusted by inflation and dividends over the last 30 years, which is pretty much in line with the 100-year 7.3% real average.

LONDON (Reuters) -Shares in London-listed drugmaker AstraZeneca (NASDAQ:AZN) fell more than 4% on Monday, sliding to their lowest since July 19.

Gala Games (GALA) price action has entered complete free-fall as the once shining GameFi project crumbles amid an intense legal struggle between co-founders Eric Schiermeyer and Wright Thurston.

Saudi Arabia have signed a memorandum of understanding on cooperation and investment in renewable energy, energy efficiency, hydrogen, electricity, and grid interconnection. The pact also includes cooperation on petroleum, natural gas, strategic petroleum reserves and energy security, sources aware of the development said. Circular carbon economy and technologies like carbon capture, utilization and storage also found place in the agreement. The move comes right after the G20 New Delhi declaration, where a consensus was formed on various issues, including an effort for tripling renewable energy capacity by 2030 and phasedown of unabated coal power. India’s National Green Hydrogen Mission aims for at least 5 million metric tonnes of annual production capacity by 2030 through renewable energy sources, whereas Saudi Arabia’s clean hydrogen is likely to be based on low carbon emission technologies. Partnership on localising sourcing material, products and services related to the energy sector, and supply chains and its technologies, were agreed on. The countries will strengthen the cooperation with energy companies, promote digital transformation, innovation, cyber-security, and artificial intelligence in the energy sector. As per India’s green hydrogen mission, the country aims to be an export hub for the fuel.

Sectorally, buying was seen in utilities, telecom, power, and auto stocks. Stocks that were in focus on Monday include names like SJVN (which rose 20% with strong volumes to hit a fresh record high), IRCON International (that rallied by about 20%), and Rail Vikas Nigam Ltd (that closed with gains of over 16% to a new high). We have collated a list of these three stocks that either hit a fresh 52-week high, or all-time high or saw a volume or a price breakout. We spoke to analyst Viraj Vyas on how one should look at these stocks the next trading day entirely from an educational point of view: Here’s what the CMT, CFTe |Technical & Derivatives Analyst| Institutional Equity, Ashika Stock Broking Limited had to say:SJVN The stock has delivered exceptional returns since the beginning of this year, with an impressive gain of nearly 120% so far. Prior to June, the stock was primarily range-bound and exhibited tight consolidation from 2017. During this consolidation phase, the stock formed a Cup and Handle pattern — a typical accumulation pattern. Such prolonged consolidation periods often precede strong upward movements in stock prices.