The London Metal Exchange’s LME Select platform experienced a nearly three-hour outage on Monday due to a technical issue with its primary electronic matching engine. This disruption halted price updates for key metal contracts, prompting the LME to declare a Disruption Event. Electronic trading resumed at 1730 GMT on a secondary engine.Read More
Small investors’ ability to influence corporate boards through shareholder proposals is facing significant restrictions. Proposed new rules and higher ownership thresholds could sideline individual shareholders, activists, and faith-based groups. This move, supported by business groups, aims to curb what they deem excessive or irrelevant proposals, sparking concerns about silencing diverse voices.Read More
Indian indices ended a three-session losing streak with Nifty gaining 257.70 points. Banks, auto, and consumer stocks led the recovery, while technical indicators suggest potential pullbacks amid continued market volatility.Read More
Global hedge funds are aggressively selling financial stocks, making the sector the year’s top target for short bets. This trend, driven by concerns over the Middle East war’s economic impact and the intricate links between banks and private lending, has seen significant drops in financial indices. Investors are hedging against broader credit risks, potentially anticipating systemic markdowns.Read More
MakeMyTrip is exploring a potential India listing to access domestic capital, strengthen brand leadership, and support long-term growth amid robust travel demand and strategic acquisitions like RedBus and Flamingo Transworld.Read More
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