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Arm was taken private seven years ago for $32 billion by SoftBank
Updated : Sep 14, 2023

SoftBank's Arm valued at nearly $60 bn in stellar Nasdaq debut

Arm had secured a valuation of $54.5 billion on Wednesday after pricing its IPO at the top end of the marketed range. It fetched $4.87 billion for SoftBank, which still holds a 90.6% stake.

Shares of Arm Holdings will make their widely anticipated debut on the Nasdaq after the chip designer on Wednesday notched a $54.5 billion valuation in its IPO, priced at $51 per American Depositary Share
Updated : Sep 14, 2023

Wall St rises as economic data fails to dent rate-pause hopes; Arm debut in focus

Shares of Arm Holdings will make their widely anticipated debut on the Nasdaq after the chip designer on Wednesday notched a $54.5 billion valuation in its IPO, priced at $51 per American Depositary Share

Wall Street gains as mixed CPI data fuels rate-pause hopes
Updated : Sep 13, 2023

Wall Street gains as mixed CPI data fuels rate-pause hopes; Citi rises on management changes

Gasoline fuels US inflation, but underlying trend weakens; Ford rises on plans to double production of pickup trucks

Only 12 per cent of fund managers in the survey expected fiscal 'bazooka' stimulus from China while a mere 4 per cent expected big monetary 'stimulus' i.e. rate cuts.
Updated : Sep 12, 2023

China growth optimism slumps back to 'lockdown lows'; big stimulus unlikely, says BofA survey

Against a 10 per cent rise in the BSE Sensex, China's benchmark Shanghai Composite index has stayed flat year-to-date. BofA said the consensus is that policy in China will be limited to fine-tuning the real estate or property market.

Wall Street slides as services data stokes inflation worries, Apple drags
Updated : Sep 06, 2023

Wall Street slides as services data stokes inflation worries, Apple drags

Apple slips on report China bans iPhone use for govt officials; Lockheed Martin slips on F-35 jet delivery outlook cut; Roku jumps on plan to cut workforce

Europe's technology sector .SX8P gained 0.5% as shares of Dutch semiconductor equipment maker ASML ASML.AS rose 0.8%.
Updated : Sep 04, 2023

European shares end flat as China stimulus-driven advances falter

Miners .SXPP finished up 0.6% after rising nearly 2% intraday, as iron ore futures rallied on optimism over top steel producer China's policy support for its struggling property sector. 

Asian stocks rally after China's policy initiatives (Photo: Reuters)
Updated : Sep 04, 2023

Asian stocks rally after China's policy initiatives

Japanese shares have also been doing well, with the Topix marking a 33-year high in the wake of data showing recurring profits at Japanese companies hit a record in the second quarter.

Asia stocks edge higher as China acts on housing, yuan weakness (Photo: Reuters)
Updated : Sep 01, 2023

Asia stocks edge higher as China acts on housing, yuan weakness

US consumer spending increased by the most in six months in July, but slowing monthly inflation rates cemented expectations that the Federal Reserve would keep interest rates unchanged next month. U.S August payrolls data tonight could offer more clues.

China rally runs on hope; bonds bet on slowdown
Updated : Aug 29, 2023

China rally runs on hope; bonds bet on slowdown

China has halved stock trading stamp duty, loosened margin loan rules, put the brakes on new listings and approved new retail funds in recent days -- signalling, at least, resolve to steady the market even if it does little to support the sputtering economy.

Wall Street ends higher as investors await US inflation, jobs data (Photo: AP)
Updated : Aug 29, 2023

Wall Street ends higher as investors await US inflation, jobs data

Goldman Sachs gained 1.8% after the lender struck a deal to sell an investment advisory business to wealth management firm Creative Planning LLC.

 The index was also set to snap three straight weeks of losses.
Updated : Aug 25, 2023

Wall St inches higher in choppy trade as traders analyze Powell's speech

While inflation has come down from its peak, Powell said, it still remains high and policymakers would "proceed carefully" in deciding further interest rate moves.

Jackson Hole meeting: The message from the Fed chief Jerome Powell tonight will be keenly watched for any clues on the future trajectory of interest rates in the US.
Updated : Aug 25, 2023

US Fed Jackson Hole meeting: What stock market expects from Jerome Powell speech today

Jackson Hole meeting: The Fed chief is unlikely to indicate that the rate hiking cycle is coming to an end, said VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

Japan's Nikkei tumbled 2%, with Nvidia supplier Advantest the biggest drag, crashing almost 10%.
Updated : Aug 25, 2023

Stocks swoon, dollar firms as Powell speech looms

US yields stabilised below 14-year highs. Crude oil found its footing around one-month lows, but remained on course for a second weekly decline amid a firmer dollar and simmering China-centred worries about global growth.

Asia stocks track Wall Street rally as treasury yields retreat
Updated : Aug 24, 2023

Asia stocks track Wall Street rally as treasury yields retreat

Early in the Asian trading day, MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.7%, also lifted by Nvidia's bullish outlook.

Wall Street gains with focus on Nvidia's high-stakes results
Updated : Aug 23, 2023

Wall Street gains with focus on Nvidia's high-stakes results

Nvidia gains ahead of quarterly results; Peloton drops on missing positive cash-flow target

Is Pharma back on growth track? Here's why Axis Securities is betting on Lupin, Cipla and Aurobindo Pharma
Updated : Aug 23, 2023

Is Pharma back on growth track? Here's why Axis Securities is betting on Lupin, Cipla and Aurobindo Pharma

Axis Securities is betting on Lupin, Cipla and Aurobindo Pharma with up to 19 per cent upside potential.

U.S. stocks ended lower on Thursday after news that the Bank of Japan will allow long-term interest rates to rise sent U.S.
Updated : Jul 28, 2023

Wall Street closes down, Dow snaps longest winning streak since 1987

Higher rates in Japan pushed the U.S. 10-year yield over 4% and reduced the attractiveness of stocks.

Private credit in Asia has been ramping up
Updated : Jul 21, 2023

Asia's private credit markets thrive as desperate borrowers find lenders

Besides property developers, borrowers thronging private markets include privately-held companies and start-ups whose private equity issuance has been stymied by broader stock market swings and the deepening discounts of their valuations, known as a 'down round' in the industry.

One of Berkshire's portfolio managers invested in Activision in late 2021, with Buffett boosting the stake to nearly 10% in 2022.
Updated : Jul 18, 2023

Buffett cut Activision stake before judge approved Microsoft merger

The Activision investment was a form of arbitrage, with Buffett viewing investors as too pessimistic that regulators would approve combining Microsoft's Xbox gaming console business with the publisher of the "Call of Duty" and "Candy Crush" franchises.

China's central bank rolled over maturing medium-term policy loans and kept the interest rate unchanged
Updated : Jul 17, 2023

China rolls over medium-term policy loans, rate unchanged

The economic recovery has lost momentum after an initial burst in the first quarter, prompting monetary authorities to lower key policy rates last month.

Additional interest rate hikes are needed to bring down inflation that is still too high, but the end to the U.S. central bank's current monetary policy tightening cycle is getting close
Updated : Jul 11, 2023

Wall St ends up; investors digest Fed official comments

Investors are anxious to see if price pressures are continuing to moderate. That could shed light on the interest rate outlook, with many traders expecting the Fed to raise interest rates by 25 basis points this month.