Trade Financial News

Barclays just promoted 66 new managing directors (MDs) in its corporate and investment bank (CIB). We have the list (before everyone else) below. 

Donald Trump says he can’t guarantee his promised tariffs on key U.S. foreign trade partners won’t raise prices for American consumers

revenue and profits due to demand concerns, a handful of companies across sectors reported net profits for the first half of FY25 that exceeded their respective profits for the entire previous fiscal year helped by various factors such as growing revenue, lower input costs, inventory benefit, lower tax outgo, and improved operating cash flows. There were eight such companies among the BSE 200 index components including Bharti Airtel, Zomato, Vedanta, Dixon Technologies (India), PB Fintech, Godrej Properties, Voltas, and Adani Wilmer arranged in the descending order of their current market capitalisations. Among these companies, food delivery provider Zomato, electronics manufacturer Dixon, online insurance solutions provider PB Fintech, Realty developer Godrej Properties, and air conditioning major Voltas reported robust revenue growth year-on-year in the six months to September 2024. For Dixon, revenue rose sharply by 120.5% to Rs8,214.7 crore while net profit jumped by 197.3% to Rs523.5 crore, surpassing the FY24 net profit of Rs367.8 crore.

Norway on Sunday said that it plans to ratify the India-EFTA free trade agreement next year, the commerce and industry ministry said. India and the four-nation EFTA (European Free Trade Association) bloc inked the agreement, officially dubbed as Trade and Economic Partnership Agreement (TEPA), on March 10 this year. However, it needs ratification from the four countries for its implementation. The agreement came up for discussions during the India-Norway Business Forum which was held in Mumbai. May-Elin Stener, Ambassador of Norway to India, termed TEPA a landmark in bilateral relations and highlighted its potential to further enhance trade and investment between the two nations.

Subscribe to enjoy similar stories. Wall Street is grappling with whether another year of robust gains is possible for a stock market that is looking precariously expensive. The S&P 500 has surged 28% in 2024 and is on pace for back-to-back annual jumps of more than 20% for the first time since a four-year stretch that ended in 1998.

Vishal Mega Mart IPO before subscribing to the issue.

Known for talking about the weather 12 months a year, Britons will begin sharing thoughts on the latest festive commercials as soon as they hit screens, usually once the Halloween pumpkins are discarded. «It's the time of year when media budgets swell, and creative teams pull out all the stops to deliver memorable messaging that resonates,» noted James McDonald, director of data, intelligence & forecasting at marketing strategists WARC.

Europe's economy has enough difficulties, from tepid growth to trade tensions with the U.S. Dealing with those woes is only getting harder due to the political chaos in the two biggest European countries, France and Germany

UN Trade and Development (UNCTAD). That same year, global exports of digitally deliverable services totalled USD 4.5 trillion. Such services can be delivered remotely over computer networks. Some examples include information technology consulting, creative industries, telecommunications and financial services. While digital technologies have the potential to transform global services trade, their benefits remain unevenly distributed.

Foreign direct investment (FDI) inflows into India have crossed the USD one trillion milestone in the April 2000-September 2024 period, firmly establishing the country's reputation as a safe and key investment destination globally. According to data from the Department for Promotion of Industry and Internal Trade (DPIIT), the cumulative amount of FDI, including equity, reinvested earnings and other capital, stood at USD 1,033.40 billion during the said period. About 25 per cent of the FDI came through the Mauritius route. It was followed by Singapore (24 per cent), the US (10 per cent), the Netherlands (7 per cent), Japan (6 per cent), the UK (5 per cent), UAE (3 per cent) and Cayman Islands, Germany and Cyprus accounted for 2 per cent each. India received USD 177.18 billion from Mauritius, USD 167.47 billion from Singapore and USD 67.8 billion from the US during the period under review, as per the data.

Subscribe to enjoy similar stories. The margin trading facility (MTF) is a powerful financial instrument. It enables individuals to purchase stocks by paying only a portion of the total value while the broker funds the remaining amount.

Sai Life Sciences IPO before subscribing to the issue. 1) What is the business overview of Sai Life Sciences? Sai Life Sciences provides end-to-end services across the drug discovery, development, and manufacturing value chain for small molecule New Chemical Entities (NCEs) to global pharmaceutical innovator companies and biotechnology firms.

Marine Le Pen teamed up with a left-wing coalition to topple the French government, pitching the country into a prolonged period of turbulence that’s likely to further unsettle investors. A majority of lawmakers in the National Assembly backed a no-confidence vote against Prime Minister Michel Barnier’s three-month-old administration following a dispute over next year’s budget. It was the shortest tenure for a premier since France’s Fifth Republic was founded in 1958. In the US, job growth picked up in November, a month after employment was constrained by two hurricanes and a commercial aircraft machinists’ strike. The unemployment rate, however, rose as long-term joblessness reached an almost three-year high.

Foreign portfolio investors (FPIs) reversed their selling trend in December, recording net equity inflows of Rs 24,454 crore so far this month. With the latest inflows, FPIs have experienced a total net inflow of Rs 9,435 crore in 2024 so far, versus outflows of Rs 15,019 at the end of November.

Apart from the new issues, the Street will also see three listings from Nisus Finance, Property Share REIT and Emerald Tyre Manufacturers.

Zerodha Founder and CEO Nithin Kamath on Saturday took to social media platform X to warn investors of the stock market malices happening daily and how investors were being fooled by scamsters. Citing market regulator Securities and Exchange Board of India's (Sebi’s) two recent orders — Trafiksol ITS Technologies IPO and Baap of Chart — Kamath reiterated that shortcut to make a quick buck is the surest way to lose money in the markets.

Nifty is likely to continue its northward journey in the next couple of trading sessions, says Sudeep Shah, Deputy Vice President and Head of Technical & Derivatives Research, at SBI Securities. «The zone of 24,850-24,900 will act as a crucial hurdle for the index. Any sustainable move above the level of 24,900 will lead to a sharp upside rally up to the level of 25,200, followed by 25,500 in the short term. While, on the downside, the zone of the 100-day EMA zone of 24,350-24,300 will act as immediate support for the index,» he says.

Exxaro Tiles and a host of other companies are likely to remain in focus next week as they are approaching their record dates for dividends, bonus issues and stock splits. The record date is the date set by the company to decide the eligibility of shareholders to receive an offer. To be eligible for a buyback offer, bonus issue or stock split, the shares should be in the Demat account on the record date.

economic growth rate, the markets maintained a positive bias throughout the week. Further, a positive turnaround from FIIs to India in expectation of a dovish monetary policy by RBI supported the sentiment. During the week, as many as 89 smallcap stocks have delivered double-digit weekly returns with eight of them offering gaining over 25%.

China's trade restrictions on strategic minerals are starting to hit Western companies where it hurts. Blaming Beijing's curbs on antimony exports announced in August, German chemicals and consumer goods heavyweight Henkel told customers last month it had declared force majeure and suspended deliveries of four types of adhesives and lubricants widely used by automakers, according to a Nov. 8 letter to clients reviewed by Reuters. Henkel uses the silvery metal to make its Bonderite and Teroson-branded products, core parts of the company's adhesive technologies division, which brought in 10.79 billion euros ($11.4 billion) in revenue last year.

Lululemon Athletica and other companies and as U.S. jobs data fueled expectations the Federal Reserve would cut interest rates this month. The Dow finished lower, as a 5.1% drop in UnitedHealth Group shares weighed on the index.