LONDON STOCK EXCHANGE
NALCO, Hindalco, Vedanta shares rally up to 10%. Here¡¯s why
NALCO Share Price: Indian metal companies saw a significant rise in their share prices. This followed China's proposal to reduce export tax rebates on metals like copper and aluminium. The move caused aluminium prices to surge on the London Metal Exchange. China's decision aims to control the flow of its aluminium into global markets.
European shares open higher at start of data-packed week
Later this week, inflation readings across Europe, U.S. and a preliminary reading of euro zone third quarter GDP would remain in focus.
Diwali Muhurat trading today: Timings, how to trade and which stocks to buy
Diwali Muhurat Trading 2024: Although off their 2024 peaks, Indian benchmark indices have delivered strong returns since last Diwali, with Nifty up by 25% and the S&P BSE Sensex rising 23%. Broader markets outperformed, with the BSE 500, BSE Midcap, and BSE Smallcap indices gaining 37%, 47%, and 47%, respectively, over this period.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 26%
October is turning out to be the month where bears are making a comeback attempt. Their biggest hope of taking control: Continued selling by FIIs. Thursday saw a sharp decline in the indices and the broader market breadth ¨C led by auto and real estate stocks. The next day, auto stocks recovered partially, and the broader market breadth improved. So, you need to be bullish in the medium term. But in the short term, there might be selling pressure as global markets react to a possible Chinese revival and the outcome of the US elections. Our selected stocks today have a strong upward trajectory in their overall average scores. This implies that there has been significant improvement in their market outlook in the given time frame.
Ex-Google executive said goal was to 'crush' competition, trial evidence shows
The statements underscored the US Department of Justice's claim that Google has sought to monopolize markets for publisher ad servers and advertiser ad networks, and tried to dominate the market for ad exchanges which sit in the middle.
The Chapter to invest Rs 850 cr in luxury villas across leisure destinations
The Chapter, a luxury home developer backed by prominent investors, is set to invest over Rs 850 crore in developing high-end villas in prime leisure destinations across India. With significant projects planned for Goa, Alibaug, Karjat, and Kasauli, this initiative aims to meet the growing demand for exclusive living spaces among affluent buyers seeking privacy and luxury.
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Is London real estate being used as a tax haven by the global elite?
For tax reasons, anonymous foreign firms are purchasing real estate in affluent cities such as New York, Paris, Tokyo, Singapore, Dubai, and, shockingly, Oslo. Since the Common Reporting Standard on offshore investments was gradually implemented in the 2010s and required banks to communicate information with the account holder's tax authorities, it has experienced significant growth.
Microsoft global outage: Which are the companies and services critically affected by due to the CrowdStrike issue?
The global outage due to a technical issue around Microsoft's applications and services has largely affected businesses and institutions in different countries. Flight operations, banks, retailers and IT firms were at the receiving end of this IT outage, that has left people in panic.
What is CrowdStrike? Everything we know about the cybersecurity firm deemed responsible for massive Microsoft outage
CrowdStrike is a major cybersecurity and aerospace company based in the United States, that handles Microsoft's cybersecurity fronts. According to latest reports, the CrowdStrike servers have taken a hit, leading to a massive Microsoft outage throughout the world. CrowdStrike stock prices are also down due to the outage, as per NASDAQ.
Microsoft Outage: London Stock Exchange joins banks, airlines in flood of service disruptions
On Friday, LSEG's Workspace experienced a global outage during the Asian session, stopping news publication due to a technical issue. Despite normal operations at the London Stock Exchange, currency pricing at 0600 GMT was disrupted. A London-based trader noted severe financial sector impacts. LSEG, serving a global audience, is investigating and was unavailable for Reuters' comment.
BlackRock to buy UK data group Preqin for $3.2 billion
Expanding into private markets data, I acquire Preqin for 2.55 billion pounds to offer enhanced solutions for fund managers. With a growth rate of 20%, Preqin will facilitate private markets investing, providing an accessible platform for investors. The acquisition aims to create a seamless experience for all stakeholders.
BlackRock to buy UK data group Preqin for $3.2 bln
BlackRock has agreed to acquire UK data firm Preqin for ?2.55 billion ($3.23 billion) in cash, enhancing its presence in the private markets data sector. The acquisition will integrate Preqin's data and research capabilities with BlackRock's Aladdin portfolio management software. Preqin will remain available as a standalone solution. Expected to generate $240 million in recurring revenue in 2024, Preqin has grown 20% annually over the past three years. Founder Mark O'Hare will join BlackRock as vice chair. Sudhir Nair, BlackRock's Aladdin head, emphasized the goal of making private markets investing more accessible.
Copper hits lowest in more than five weeks on firm dollar
London copper prices hit a five-week low due to a strong dollar and weak physical demand, affecting LME and SHFE markets.
ET Explains: Why RBI keeps gold abroad?
The Reserve Bank of India (RBI) has been aggressively buying gold this year, purchasing one and a half times the amount bought in the whole of 2023 in just the first four months of this calendar year. A big portion of this gold is held overseas, but the RBI is now planning to bring back a portion of these reserves. This move comes amid risks following the West freezing Russian assets. The RBI holds 822.10 metric tonnes of gold, with 387.26 metric tonnes kept in safe custody with the Bank of England and the Bank for International Settlements (BIS).
Royal Mail owner accepts Czech billionaire Daniel Kretinsky's takeover
Former state monopoly Royal Mail was privatised in 2013 and has since seen its core letters business ravaged as consumers increasingly communicate online, which has conversely helped its parcels business.
Spring Bank Holiday in the UK: When and how to celebrate, how did it begin and more
Spring Bank Holiday in the UK is observed on the last Monday of May. Generally, it is a holiday for many establishments.
Adani group m-cap regains $200 bn-mark as company rebuts coal invoicing allegations
While Adani group denied all allegations, the news report was cited by opposition leaders including former Congress president Rahul Gandhi to demand a probe by a joint parliamentary committee into the alleged wrongdoing.
WisdomTree to list crypto products on London Stock Exchange
Britain's financial regulator has approved WisdomTree's bid to list exchange-traded products (ETPs) backed by cryptocurrencies bitcoin and ether on the London Stock Exchange, the asset manager said on Wednesday ahead of an expected launch this month.
ETMarkets Explainer: Why invest in gold through ETFs?
Investing in gold through ETFs offers convenience and transparency. Gold, a symbol of wealth and power, has evolved as an investment option over time. While physical gold and gold stocks are traditional choices, gold ETFs provide a standard and low-cost way to buy or sell gold, excluding the need for insuring and storing physical gold or facing stock price fluctuations.
Shein steps up London IPO preparations amid US hurdles to listing
Shein pivots to a London IPO from New York, facing U.S. regulatory challenges. The online retailer, valued at $66 billion, navigates hurdles with plans for a dual U.S. listing post-London float, monitoring the political climate.
NSE stock soars 25% in unlisted market post 4:1 bonus issue
Intercontinental Exchange is currently valued at $77 billion while CME Group is valued at $76 billion. London Stock Exchange, Hong Kong Exchanges and Deutsche Boerse AG are valued between $38 billion and $60 billion.
Sebi rejects NSE proposal to extend trading hours as brokers protest
Sebi rejects NSE's proposal to extend trading hours for index derivatives. NSE CEO indicates shelving due to lack of broker feedback.
Everyone wants to board India's growing ESG compliance gravy train
Since FY20, the top 1,000 companies had to disclose their ESG performance under the business responsibility report. From FY23, this report turned into the more comprehensive Business Responsibility and Sustainability Report (BRSR) that requires disclosure of nearly 1,600 data points across different aspects of ESG.
Behind London Stock Exchange's move to list crypto ETNs in May
After the US permitted cryptocurrency securities trading, the UK's London Stock Exchange plans to introduce bitcoin and Ethereum exchange-traded notes, pending UK regulator approval, boosting investor confidence.
BSE stock best performer among global bourses
BSE shares, which are listed on the National Stock Exchange, closed at ?2352.45 on Saturday. The stock hit an all-time high of ?2,598.95 on February 5. BSE shares' 430% gains in the past year far exceeds the 35% upmove in US-based Intercontinental Exchange (ICE), the second-best performer in the pack
London Stock Exchange Group platforms suffer brief outages
Various London Stock Exchange Group (LSEG) news and currency trading platforms around the world suffered brief outages as European markets opened on Thursday.
London fashion week celebrates 40th anniversary
London Fashion Week, marking its 40th anniversary, will showcase the autumn/winter lines of new and established designers. The event highlights the creative industry's contribution to the British economy, with UK womenswear and menswear sales reaching ?47.5 billion last year. London Fashion Week is renowned for its platform for emerging talent and avant-garde trends.
UK police arrest six pro-Palestinian activists in alleged plot to disrupt the London Stock Exchange
British police arrested six members of the Palestine Action protest group, accusing them of plotting to disrupt the London Stock Exchange. The activists allegedly planned to target the LSE to prevent trading on Monday. Arrests were made in Liverpool, London, and Brighton. Police deem the arrests significant, stating the group was ready for a disruptive stunt with serious implications. All six activists are in custody, and investigations into the alleged conspiracy are ongoing. The London Stock Exchange Group has not yet commented on the situation.
London on cusp of becoming biggest stock market in Europe, again
London's stock market is poised to regain its position as Europe's largest equity market, surpassing Paris, due to a faltering rally in French luxury shares. The market capitalization of primary British listings now stands at $2.90 trillion compared to France's $2.93 trillion. This shift is driven by a slide in France's value amidst economic gloom in the Chinese market, while London is experiencing signs of investor bullishness for the first time in years. Factors contributing to the UK's positive outlook include a rally in oil prices, cooling inflation, and the potential for a weaker pound.
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