Shares of Kerala-based Manappuram Finance ended 12% lower on Wednesday after the Enforcement Directorate searched the office premises of the gold loan company earlier in the day. The non-bank lender’s stock saw its biggest single-day fall in the past two years. It ended the day at one-and-a-half-month low of 113.80 on the National Stock Exchange. […]
Asian stocks slipped while the U.S. dollar was steadfast on Wednesday, following U.S. inflation data and remarks from central bank officials that have investors worrying interest rates are going to be higher for longer. Headline U.S. CPI came in at 6.4% year-on-year for January, a bit higher than the 6.2% economists had expected, setting off […]
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