ExxonMobil is bracing for a dip in first-quarter earnings, primarily due to a substantial financial hedging loss that is likely to eclipse the benefits of rising oil prices linked to the ongoing Iran conflict. However, as derivative contracts come to fruition, the company expects improved profitability in subsequent quarters.Read More
SEBI rolled out a framework marking pledged shares as “non-transferable” during lock-in, simplifying compliance and enhancing transparency. The regulator also extended IPO observation letter validity amid market challenges.Read More
The U.S. Securities and Exchange Commission has made a significant announcement with the appointment of David Woodcock as its new enforcement director. Woodcock, who previously steered the SEC’s Fort Worth office, takes over from Margaret Ryan, who resigned last month after a six-month stint, citing differences in vision for the enforcement agenda.Read More
Lab equipment maker Waters said on Wednesday the U.S. Food and Drug Administration has cleared its at-home cervical cancer screening kit for use with an approved HPV test, potentially improving early detection and reducing deaths from the cancer.Read More
Indian bond yields ended nearly 0.15 per cent lower on Wednesday, taking comfort from the conditional ceasefire in the West Asia conflict, and Reserve Bank of India (RBI) maintaining the status quo on policy rate.Read More
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