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Pan Gongsheng unleashed one of the country’s most daring policy campaigns in decades. In what amounts to a massive adrenaline shot for an economy on the cusp of a deflationary spiral, the governor of the People’s Bank of China and other top financial officials unveiled a series of easing measures that market watchers had wanted for weeks at a rare, high-level press conference on Tuesday in Beijing. They include interest rate cuts, more cash for banks, bigger incentives to buy homes and plans to consider a stock stabilization fund. Markets on the mainland and in Hong Kong soared, with the CSI 300 Index — a benchmark of onshore Chinese stocks — posting its biggest gain since July 2020. US equity futures advanced and European stocks climbed on the back of sectors with heavy exposure to China, including manufacturers of automobiles and luxury goods.

This marks the freshly formed boutique's first deal, having been founded last year after Illingworth departed from Artemis, where he was a global equities manager and co-managed the Mid Wynd International investment trust and the Artemis Global Select fund.  Alex Illingworth joins Harwood to launch global equity business Vermeer Investment Management Limited was set up in 2014 by Tim Gregory and James Rowsell, who manage the Vermeer Global fund alongside Charlie Fricker. As part of the acquisition, the £60.8m strategy is expected to be renamed the Goshawk Global fund, with the thre...

The Liberal government’s latest efforts to make it easier for young Canadians to buy a home will also help fix the housing supply crunch, Finance Minister Chrystia Freeland argued Tuesday.

three-member committee to inquire into the charges of irregularity in the issuance of non-creamy layer OBC certificate to son of AIIMS Patna's executive director and his admission into a MD course at AIIMS Gorakhpur. Dr Gopal Krushna Pal, the Executive Director of AIIMS Patna, also holds the additional charge of Executive Director of AIIMS Gorakhpur.

Vovchansk in Ukraine's northeast that had been occupied for four months, officials said Tuesday. The plant, a partly steel structure with some 30 buildings, had been a Russian stronghold in the Kharkiv border region since May when Russia sought to further stretch Ukraine's weary forces by launching a fresh push in the area. Taking back the plant was likely intended to demonstrate that Ukraine is not giving up the fight despite being outmanned and outgunned by the Russian army. The accomplishment coincided with Ukraine President Volodymyr Zelenskyy's trip to the United States where he is looking to ensure continuing foreign support for his country with the war deep into its third year.

Swiggy has received approval from the market regulator for its proposed $1.25 billion public issue, according to sources. The Bengaluru-based company had filed draft papers for the IPO with the Securities and Exchange Board of India (Sebi) through the confidential filing route in April this year. Swiggy will now need to file an updated draft red herring prospectus (DRHP) with the market regulator. A 21-day period will be provided for the public to give feedback on the UDRHP before launching the IPO. The IPO is expected to raise Rs 3,750 crore ($450 million) in fresh capital, along with an offer-for-sale (OFS) component of up to Rs 6,664 crore ($800 million).

equity major Warburg Pincus, on Tuesday divested its entire 8.64 per cent stake in Cartrade Tech for a little over Rs 375 crore via an open market transaction. Cartrade Tech is one of India's largest online classifieds and auto auction platforms. According to the bulk deal data available on the NSE, Highdell Investment sold 40.76 lakh shares, amounting to an 8.64 per cent stake in Cartrade Tech.

Alberta Investment Management Corp., one of Canada’s largest pension managers, is elevating two senior executives and giving them new responsibilities as chief investment officer Marlene Puffer departs.

A new report says a boost in spending on home renovations during the pandemic has helped contribute to higher prices for single-family homes despite downward market pressure.

Subscribe to enjoy similar stories. Mumbai/Bengaluru: Early-stage venture capital (VC) firm Accel is evaluating partial stake sales in a bunch of its portfolio companies, including Swiggy, Urban Company, BlackBuck and BlueStone, as part of its ongoing efforts to create liquidity. The deals are expected to be a mix of pre-initial public offering (IPO) secondary sales and offer-for-sale (OFS) transactions in upcoming IPOs, three people familiar with the strategy said.

Subscribe to enjoy similar stories. SME initial public offerings (IPOs) have been coming thick and fast. According to data from primedatabase, as many as 104 SMEs (small and medium enterprises) have used BSE and the National Stock Exchange’s (NSE) SME platform to raise ₹3,405 crore in FY25 so far.

new iPhone 16 models come equipped with larger internal batteries, which under standard conditions can take up to four hours to charge fully using slower charging methods. However, Apple has integrated enhanced fast charging technology, allowing users to power their devices from 0% to 50% in just 30 minutes, and achieve a full charge in roughly two hours—significantly reducing downtime (via 9To5Mac).For the first time, Apple’s latest iPhone series includes a USB-C charging port, enabling faster data transfer and higher charging speeds.

Subscribe to enjoy similar stories. New Delhi: In the early days of the integration between second-tier technology services companies Larsen & Toubro Infotech (LTI) and Mindtree, the LTI team went out of its way to make the acquired company’s staff comfortable. “It appeared to be very democratic.

Subscribe to enjoy similar stories. Mark Zuckerberg has touted virtual-reality headsets as the next big thing. It turns out people may want something simpler: sunglasses with a camera.

Supreme Court on Tuesday asked the Commission for Air Quality Management in the National Capital Region and Adjoining Areas to explain about the steps being taken to curb air pollution due to crop residue burning. A bench of Justices Abhay S Oka and Augustine George Masih asked the Commission for Air Quality Management (CAQM) to apprise about the steps on September 27, when the issue will be taken up for hearing. Senior advocate Aprajita Singh, who is assisting the court as amicus curiae, referred to some newspaper reports and said it appears that stubble burning has started in neighbouring states of Delhi. She urged the court to seek explanation from the CAQM on what steps are being taken to curb air pollution caused by stubble burning and what steps are being taken to fix accountability on officials responsible for checking the burning of paddy straw under the CAQM Act.

Dear Prime Minister,

block button that will allow all public posts to be visible even to blocked accounts. Musk clarified on X, following a tweet by former Tesla engineer and AI researcher Nima Owji that the platform's new policy will not allow blocked accounts to interact with users, but will still show up in their feeds. “The block function will block that account from engaging with, but not block seeing, public posts,” he said.

capital on Tuesday amid a firm trend in the overseas markets. On Monday, the precious metal had revisited the all-time high level of Rs 76,950 after a gap of six months, according to market sources. The metal previously hit the record level of Rs 76,950 on March 22 this year, they said.