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Softer dollar, modest inflows offer breathing room to Indian rupeeThe Indian rupee held steady near 90.92 against the dollar, supported by a weaker greenback and foreign bank sales. Local stocks, particula...
Rupee slips on stock slump, NDF maturities; RBI intervention tempers hitThe Indian rupee closed modestly weaker on Tuesday, weighed down by a drop in local stocks and strong dollar demand from the non-deliverabl...
SBI launches CoE for growth sectors, DFS asks govt banks to focus on 2-3 sunrise sectors eachSBI launched 'Chakra', a center of excellence to finance sunrise sectors like data centers and renewable energy, estimating a Rs 22 lakh cr...
SBI, other PSU banks stocks rise up to 3% on reports of government move to raise FDI limit to 49%PSU bank stocks rose up to 3.3% after reports said the government may raise foreign investment limits to 49% in state-run banks, more than ...
Japan's MUFG targets US for securitisation business, plans to boost headcountMitsubishi UFJ Financial Group (MUFG) is set to aggressively expand its global securitisation business, particularly in North America, by 2...
Japan's megabanks are flush with cash and hunting overseas deals. On their radar? India.Flush with record profits and cash from divestments, Japan's megabanks are aggressively expanding in the US and India. They're targeting In...
HDFC Bank rejects MUFG's $2 billion cheque for NBFC armIndia's HDFC Bank has decided against the $2 billion sale of a 20% stake in its non-banking subsidiary, HDB Financial Services, to Japan's ...
India and Japan ink pact to foster semicon ecosystem"It has been agreed that India and Japan will create an implementation organisation in which there will be opportunities for government-to-...
Japanese banks get go-ahead to settle all trades via CCILThis could put pressure on European Securities and Markets Authority (ESMA) which has derecognised CCIL. The standoff between RBI and Europ...
HDFC Bank’s AT1 bond sale subscribed multiple timesDue to high demand, the pricing was tightened to 3.70 per cent from the initially offered 4.125 per cent, dealers said. Bonds have a five-y...
HDFC Bank’s AT1 bonds get Moody’s Ba3 ratingThe bank will be the first private sector lender to offer those quasi-equity securities offshore if it finally launches the overseas sale t...
Sterling extends losses with UK and EU still far apart in Brexit talksThe pound dropped not long after 2200 GMT on Wednesday, when a dinner on Wednesday between UK Prime Minister Boris Johnson and European Com...
Dollar hits new two and a half year low after month of lossesOn the last day of the month, the dollar was set for its biggest monthly loss against a basket of currencies since July, having wiped 2.5% ...
Pound haunted by Brexit, yen looks to Abe successor voteAgainst the euro, it slid to 5 1/2-month low of 92.54 pence per euro and last stood at 92.47.
Dollar weaker on chances for more Fed easing, anti-virus drug trialThe greenback was also weighed down as signs the pandemic is receding in other countries and reduced safe-haven demand for holding funds in...
Pimco’s Fels says worst is to come with recession forecastFels joins a number of analysts sounding alarms about the seriousness of the coming downturn.
Trump warns of epic stock market crash if he isn't re-electedTrump officially starts his 2020 campaign on Tuesday with a rally in Orlando, Florida.
Trump says buy the dip. And why not, at valuations like these?American stocks are also looking less of an outlier versus other advanced markets.
- Mitsubishi UFJ returns to profitability
Mitsubishi UFJ Financial Group Inc., Japan's largest bank, said Tuesday it climbed back to the black last fiscal year thanks to cost cuts a...
- Mitsubishi UFJ Financial clinches deal for UnionBanCal
Japanese megabank Mitsubishi UFJ Financial said Monday that it had sealed a deal to take full control of its US subsidiary Union Bank of Ca...