The euro held at a nine-month high against the dollar, though European stocks eased after regional business activity data reinforced expectations that the European Central Bank (ECB) will raise rates by a further 50 basis points. Euro zone business activity made a surprise return to growth in January, according to a survey – the latest […]
Asian shares staged a cautious bounce on Wednesday with hopes a global banking crisis would be averted vying with uncertainty over the outlook for U.S. interest rates as the Federal Reserve holds a high-stakes meeting on policy. Efforts by U.S. Treasury Secretary Janet Yellen to calm nerves seemed to be working with bank shares rallying […]
The Association of Portfolio Managers in India (APMI) has fixed the benchmarks for equity, debt, hybrid and multi-asset PMS strategies, which will be effective from April 1. For equity strategies, Nifty50, S&P BSE Sensex 30 and MSEI SX 40 have been selected as the three benchmarks. For debt, hybrid and multi-asset strategies, Nifty Medium to […]
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