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Market News

Location American Market News for 29 October 2022
Indian Bank hikes interest rates on fixed deposits (FDs) by up to 90 bps Indian Bank, a leading public sector lender, increased interest rates on fixed deposits below ₹2 crore.
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Where Are Markets Headed? Six Pros Take Their Best Guess

Wall Street Journal - 29 Oct 2022 06:00
Heavyweights in the world of finance, from Jeremy Grantham to Lloyd Blankfein, describe their view of the future amid lots of uncertainty. They agree the wild ride isn't over yet.
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Philip Morris Needs to Keep Swedish Match Deal Alight

Wall Street Journal - 29 Oct 2022 16:03
Despite weak quarterly sales at the Swedish nicotine pouch maker, the cigarette company will be reluctant to walk away from its $16 billion bid.
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U.S. Pensions Take a Fresh Look at China

Wall Street Journal - 29 Oct 2022 11:30
Fund managers are splintering in their approach to China, reflecting rising investment risks and fractious politics.
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Inflation Is Getting Less Scary

Forbes - 29 Oct 2022 05:27
Inflation Is Getting Less Scary Optimism is peaking over the horizon
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The 2023 Recession Has Already Made This 8.4% Dividend Cheap It's nearly 2023, and we're on the precipice of something that's never happened in our lifetimes...
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Small savings scheme doubles money in 123 months, pays more interest than SBI FD Fixed income investors looking for even better interest rates should be aware that the Kisan Vikas Patra, a post office savings scheme not only doubles investors' money but also offers interest rates that are significant...
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Audit Regulator Steps Up Enforcement

Wall Street Journal - 29 Oct 2022 15:00
Under a new leader, the PCAOB is significantly increasing penalties and getting tougher on rule-breaking accountants. But there are limits to how much it can do.
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The Place Where 60% Inflation Is A Good Thing With the economy overheating and inflation making its way to 100 percent per annum, it feels as if our leaders are more interested in 2023 than anything else.
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ICICI Bank hikes FD rates by up to 50 bps, special deposit scheme extended One of the leading private sector banks in India, ICICI Bank has hiked its interest rates on fixed deposits of less than ₹2 Cr.
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Federal Bank revises interest rates on savings bank deposits: Details here Federal Bank, a private sector lender, has modified the interest rates on savings bank accounts.
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Meta's Giphy Acquisition: Why U.K. Regulators Demand A Divestment The U.K. recently upheld a previous ruling that Meta must sell Giphy. As a result, Meta has agreed to the sale. Here is why Meta bought Giphy and why it all went so wrong.
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LIC Saral Pension Plan: How much you need to invest to get ₹1 lakh annual pension LIC Saral Pension Plan offers around 5% annual interest rate for the policyholders
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Dollar FD rates in India near parity with rupee rates. Check SBI, HDFC, ICICI and AXIS bank details here As the principal and the interest are held in the currency in which the account is maintained, there is no loss of exchange, and the accounts are protected against forex rate risks.
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