New debt mutual fund tax rule may help banks bridge deposit shortfall
MUMBAI: Banks have been vying with mutual funds for tax parity for years by offering the same tax advantages for…
Global Cues
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Joe Biden: US banks are in good shape, turmoil will ease
OTTAWA: President Joe Biden downplayed Wall Street anxiety and lingering concerns of broader financial turbulence by saying he was certain…
Apple CEO Tim Cook stresses ties With China at Beijing event
BEIJING: Tim Cook, the CEO of Apple Inc., travelled back to the country to attend the prestigious China Development Forum…
Fed’s Bullard: Latest FOMC projections suggest one more rate hike
James Bullard, president of the Federal Reserve Bank of St. Louis, said on Friday that the United States is still…
Sensex, Nifty fall nearly 1% each on STT hike, other concerns
The Indian stock market fell for the third week in a row because of high volatility and a lot of…
UBS races to seal Credit Suisse deal as soon as late April, sources say
According to two sources familiar with the arrangements, the Swiss government and UBS Group AG are rushing to complete the…
UK Preliminary Services PMI declines to 52.8 in March vs. 53.0 expected
The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) declined more in March, falling to 48.0 from the…
Sensex, Nifty fall in early trade amid weak trend in Asian equities
MUMBAI: Benchmark indices Sensex and Nifty declined in early trade on Friday amid a weak trend in Asian markets and…
UBS offers retention packages to Credit Suisse Asia wealth bankers, says report
According to two people with knowledge of the situation, UBS promised retention benefits to Credit Suisse wealth management employees in…
Fed delivers small rate hike, says ‘some additional’ tightening possible
The Federal Reserve increased interest rates by a quarter of a percentage point on Wednesday, but it also signalled that…