USD/THB: Here’s why the Thai baht strength has more room to run
The USD/THB exchange rate has been in a strong downward trend this year, making the Thailand baht one of the best-performing currencies in the emerging markets. It peaked at 37.25…
China cuts lending rates to revive economy and stabilize housing market
China has reduced its benchmark lending rates in an effort to stimulate economic growth and address a struggling housing market. The one-year loan prime rate (LPR) was lowered to 3.10%…
Record $10 billion FII outflow hits Indian stock market in October: Is China to blame?
With nearly $10 billion worth of investments being pulled out, October has emerged as the worst month on record for Foreign Institutional Investors (FIIs) withdrawing from India’s stock market. The…
JPMorgan predicts surge in South African IPOs amid rising economic confidence
South Africa is gearing up for a wave of initial public offerings (IPOs) and fundraising activities, set to begin as early as 2025, as the country’s economic outlook brightens after…
IndiaMart shares down 19% on Jefferies downgrade: buy, sell, or hold?
Shares of IndiaMart Intermesh plunged by 19% to ₹2,447 during morning trading on October 21, despite reporting strong second-quarter earnings. While the online B2B marketplace posted a significant year-on-year net…
RBL Bank stock falls 14% to 52-week low after 24% Q2 profit drop: should you buy?
The RBL Bank stock price took a sharp hit, dropping 14% on October 21 to reach its 52-week low, following the bank’s disappointing Q2 results. The private sector lender reported…
GMP for Hyundai shares experiences volatility ahead of India IPO listing: should you buy?
The much-anticipated Hyundai India IPO is set to debut on October 22, 2024, on the BSE and NSE, following its historic Rs 27,870 crore offer. While the initial response from…
American Express to become sole owner of Swisscard as UBS sells its 50% stake
UBS is divesting a portion of the Credit Suisse business it acquired last year by selling the fallen bank’s 50% stake in credit card provider Swisscard. According to a statement…
JPMorgan predicts surge in South African IPOs amid rising economic confidence
South Africa is gearing up for a wave of initial public offerings (IPOs) and fundraising activities, set to begin as early as 2025, as the country’s economic outlook brightens after…
The Central Bank of the UAE approves AED Stablecoin’s preliminary license
The Central Bank of the United Arab Emirates (CBUAE) has granted preliminary approval to AED Stablecoin, bringing the project a step closer to becoming the UAE’s first regulated dirham-pegged stablecoin.…