Saudi Arabia is preparing to shift its $925 billion sovereign wealth fund away from a focus on real estate gigaprojects that have dominated its development goals for the last decade, a source with direct knowledge of the plans told Reuters.Read More
Global investors have spent a year fretting about a U.S. bond market blowup, citing all the necessary ingredients: public debt, inflation, Federal Reserve independence and dollar risks.Read More
Larsen & Toubro Q2 Results: Engineering and construction major Larsen and Toubro (L&T) reported 16% YoY growth in its consolidated net profit at Rs 3,926 crore in the second quarter on top of 10% jump in its revenues at Rs 67,984 crore.Read More
The US Federal Reserve concludes its policy meeting today. Markets widely expect a 25 basis point rate cut. This move aims to support the economy amid a cooling labor market. Investors will watch for clues on future rate cuts and the Fed’s economic outlook. The Fed Chair’s comments will shape expectations for the coming year.Read More
Indian equities edged closer to record highs on Wednesday, with the Sensex and Nifty seeing significant gains. Investor sentiment was boosted by expectations of a U.S. Federal Reserve rate cut and optimism surrounding a potential U.S.-China trade truce.Read More
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