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The U.S. economy unexpectedly shed jobs in February amid a strike by ​healthcare workers and harsh winter weather, while the ​unemployment rate increased to 4.4%.
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New signs of labor weakness and oil-driven inflation concerns may saddle U.S. ​Federal Reserve officials with a choice they’d hoped to avoid between ensuring prices remain contained or keeping a possibly wobbly job market on track.
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The Securities Appellate Tribunal granted partial relief to Kotak Mahindra AMC in the fixed maturity plan case by setting aside Sebi’s fee disgorgement order but upheld monetary penalties. The ruling relates to delayed investor payouts linked to recoveries from underlying investments.
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For decades, the Gulf’s sovereign wealth funds have preserved and amplified the riches from oil and gas, ​investing in overseas assets and international markets to create a $5 trillion pot for a rainy day.
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Shares of oil marketing companies ended lower on Friday after a day’s breather amid surging crude oil prices due to the deepening conflict in West Asia.
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