Strategy Financial News

Meta surged more than 17 per cent on Friday as the Facebook parent’s first dividend declaration and robust results increased expectations of strong returns from its investments in “metaverse” technologies and artificial intelligence infrastructure.

General Motors has hired a former Tesla executive, Kurt Kelty, to serve in the newly created role of vice president of batteries as the automaker continues to work on its electric vehicle strategy

There is a common belief that investing is a journey of self-discovery. It reveals your relationship with money, your tolerance for risk, and your ability to stay disciplined in the face of uncertainty. When we look at the investment opportunities presented in India, we are looking at a stable government that offers excellent business-friendly policies and a promising future. The country is poised to be a rare bright spot despite a tough macroeconomic environment and a slowing global economy. Investment companies have highlighted how multi-asset allocation strategies will be key to generating sustainable market-beating investment returns.

US regulators will begin requiring hedge funds to confidentially share more information about their investment strategies.

Newell Brands (NWL) shares plunged 16% Friday on the back of its latest quarterly results, which saw sales fall despite topping consensus expectations.

Bajaj Allianz Life Insurance recently launched an inclusive scheme that enables policyholders to access assured early income. The latest offering, Bajaj Allianz Life Assured Wealth Goal Platinum, provides guaranteed payouts from the commencement of the second policy year.

By Gilles Guillaume

In an era where decentralized finance (DeFi) is reshaping the financial landscape, Secured Finance emerges as a beacon of innovation with its latest multi-chain strategy. This move is not just a leap forward in on-chain fixed-income markets but a testament to the platform’s commitment to enhancing liquidity and accessibility on Ethereum’s mainnet and beyond.

Fidelity Investments has undertaken one of the most extensive executive reshuffles in Abigail Johnson’s almost decade-long tenure as chief executive.

The S&P 500 keeps climbing, but that hasn’t stopped advisors from running for cover – covered calls, that is.

Capital Group is expanding its footprint in the active ETFs business, and on Wednesday filed for its fourth wave of products.

“Personnel is policy”, as the saying goes – if you want to know what an organisation is planning, look at who is being promoted and why.  But it doesn’t always work that way.  Sometimes, other factors intervene and personnel moves can be a downright misleading guide to strategy.  It seems that Barclays' leveraged finance business, where Na Wei has just been promoted to sole head , might be one of these unusual cases.

The Reserve Bank of India (RBI) on Thursday decided to maintain the status quo on the repo rate, leaving it unchanged at its current level of 6.5%. This decision, announced after the Monetary Policy Committee (MPC) meeting, comes as no surprise to many economists and market analysts who had anticipated such a move amidst the prevailing economic conditions. While this decision holds implications for various sectors of the economy, it particularly impacts the real estate market, prompting home buyers to reevaluate their strategies and decisions.

SGB's new tranche opens next week: Sovereign Gold Bond Series 2023-24 Series IV will open for subscription next week. SGB Scheme 2023-24 Series 4' will be open from 12 Feb'24 to 16 Feb'24 for 5 days. Investing in SGB is a safe way to invest in gold instruments that are backed by the government.

While the Reserve Bank of India on Thursday kept the repo rate unchanged for the sixth time in a row, banks may further increase their short-term fixed deposit rates to attract more money, as the loan growth has been robust and liquidity remains tight. Experts say there will be a clamour for short-term deposits, with the one-year rates nudging higher and longer-term rates possibly staying flat.

SoftBank Group splashed out billions on startups at near-peak valuations without batting an eye. Now founder Masayoshi Son's tech powerhouse is relying on a new weapon as it searches for the next big thing in AI: caution. The strategy marks a vast turnaround for a company that completely transformed the world of tech investing with its high-conviction bets on startups at an unheard of scale.

Petronet LNG Ltd, the operator of the world’s largest liquefied natural gas (LNG) import terminal, will invest Rs 40,000 crore in expanding import capacity and petrochemicals with a target to treble net profit by 2028, its CEO A K Singh said. Petronet is making a foray into the petrochemical business by investing Rs 12,685 crore in a propane dehydrogenation plant that will convert imported feedstock into propylene, as well as setting up an LNG import facility at Gopalpur in Odisha at a cost of Rs 2,300 crore, he told reporters on the sidelines of India Energy Week here.

You’ve arrived at the store for a quick post-work grocery run, hoping to pick up a cheap, ready-made meal for dinner.

Family offices are one-stop wealth management for Ultra-HNIs and look after investments, estate planning, tax efficiency and philanthropy among other things.

With a commanding lead in the polls ahead of a general election later in the year, the opposition party has set out its plans for financial services. Warning that the UK is in danger of slipping behind when it comes to innovation in financial services, the party says it will adopt a coordinated strategy and regulatory framework to embrace new technology. Labour "fully supports" the Bank of England's CBDC work and also wants to embrace securities tokenisation, which it says could increase liquidity, provide access to new asset classes and fractionalised assets, and strengthen risk management. "A future Labour government will therefore look to make the UK a global leader in tokenisation by advancing work to clarify the law around tokenisation, and working with regulators to establish a proportionate, outcomes-based regulatory regime to oversee the technology," says the plan. Labour also wants to take a lead in setting international standards for the use of AI in financial services. Meanwhile, the party is backing the Joint Regulatory Oversight Committee's work to define the next phase of Open Banking including laying out the long-term regulatory framework. It is also promising to develop a roadmap for Open Finance, arguing it has the potential to help improve financial inclusion and support household saving and investment. In addition, a Labour government will ask the FCA and PSR to evaluate the potential to stand up a new regulatory sandbox to encourage development of products to reach excluded and underserved Brits. Read the full plan

The recently announced interim budget resonated with the government’s aim of making India a developed economy by 2047. Instead of going for populist policies, the budget focus on infrastructure and R&D will go a long way in making India a manufacturing hub.