With the government stepping on the accelerator for privatising or disinvesting most public sector undertakings in the coming years, institutional investors may now start looking at PSU stocks as portfolio bets for long-term wealth creation and not just tactical trades, said
Shyamsunder Bhat, Chief Investment Officer at
Bhat believes that some of the PSUs could definitely attract investor interest, particularly with a large relative valuation gap as compared to the market. The veteran money manager is also excited about the prospects of the country’s consumer electronics, financial services, pharmaceuticals and consumer-facing sectors as he bets on the economy to accelerate in the coming years.
Stimulus measures implemented by the Federal Reserve over the past year and future policy changes that the U.S. central bank has signalled will have limited impact on China's financial markets, a Chinese central bank official said on Thursday.
By Reuters Staff
4 Min Read
(Reuters) - The S&P 500 crossed the 4,000 mark for the first time on Thursday, jumping out of the gates for the second quarter with technology shares in the forefront and optimism about recovering U.S. growth, infrastructure spending and vaccines undergirding sentiment.
STORY: STOCKS: S&P 500 up 0.94% AT 4,010, Dow up 0.48%, Nasdaq up 1.54% BONDS: Benchmark 10-year notes last rose 20/32 in price to yield 1.6752%, from 1.746% late on Friday. FOREX: The dollar index fell 0.291%, with the euro up 0.35% to $1.1769.
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A woman wearing a face mask to protect against the coronavirus disease uses her smartphone walking on a street in Moscow on March 19, 2021.
Photo: Yuri Kadobnov (Getty Images)
Rather than dole out what is, essentially at least to one of the richest companies on the planet a handful of spare change, Facebook set out to purposely undermine one of the most important legal protections Americans have against unwanted robocalls. Today it accomplished that mission.
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The U.S. Supreme Court on Thursday issued an opinion that negates decades of work by Congress to shield Americans from the plague of automated phone calls. Specifically, the court chose to accept a narrow view of what constitutes an “autodialer,” also known as an automatic telephone dialing system (ATDS), under the Telephone Consumer Protection Act (TCPA). The court’s interpretation effectively limits that definition to only systems that target sequentially or randomly dialed numbers.
By Reuters Staff
1 Min Read
FILE PHOTO: San Francisco Federal Reserve Bank chief of research Mary Daly stands near the podium before a speech at the CFA Society in San Francisco, California, U.S. July 10 2018. REUTERS/Ann Saphir/File Photo
(Reuters) - San Francisco Federal Reserve Bank President Mary Daly on Thursday said the U.S. central bank will keep monetary policy easy despite what she said will be an increase this year in prices as the economy reopens more fully and households spend more.
“As policymakers we have to look through these temporary increases; we’re really looking for sustained improvements in inflation so we can average 2% and meet our price stability goals,” Daly said in an interview with Fox Business Network. “We still have almost 10 million people on the sidelines looking for jobs. we really aren’t projecting achieving either side of our dual mandate in 2021 and that’s why policy is remaining accommodative.”