New Covid-19 strain inflicts pain on global stocks, threatens more volatility
A stock trader wipes his head as he looks at his screens during a trading session at the Frankfurt Stock Exchange
(Reuters)
. Updated: 21 Dec 2020, 04:04 PM IST Reuters
Volatility, a measure of price swings on an asset class, swung higher across the board, with Wall Street s fear gauge the VIX rising above 25% for the first time since 11 Dec
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London: European shares fell 2% on Monday, the dollar strengthened and market volatility surged amid growing unease over the economic impact of a new coronavirus strain in Britain which has seen several European countries shut their borders to the UK.
API price normalization: Indian manufacturers well placed to reap long-term growth benefits
Post the onset of the pandemic as global pharma manufacturers have realized the necessity to look at supplies outside China. (Photo: Reuters)
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Indian API (Active Pharmaceutical Ingredient) manufacturers have remained in focus ever since the start of the pandemic. China s supply disruption earlier and rising API prices thereafter have benefitted Indian manufacturers during the past few quarters. Though with normalizing inventories the API prices may normalize in the near term, nevertheless Indian manufacturers remain in a sweet spot and will continue getting opportunities to drive their growth over the long term too.
DHFL’s resolution looks good but there is a risk of buyer’s remorse
Financial claims total around ₹87,000 crore and Oaktree emerged as the highest bidder offering ₹37,000 crore for the entire company. (Photo: Reuters)
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DHFL may not be growing due to lending curbs, but asset quality issues have been dealt with
The firm’s loss has narrowed from ₹7,635 crore in Q4 FY20 to ₹2,122 crore in Q2 FY21
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It has been more than a year since the banking regulator initiated insolvency proceedings against a broke housing finance firm mired in governance controversies.
The saga of Dewan Housing Finance Corp. Ltd’s (DHFL) insolvency procedure has been intriguing since then. The task to find bidders looked challenging initially, and bankers were expecting large haircuts in the beginning. Lenders had made sizeable provisions against the account, assuming haircuts in excess of 50%. The plight of thousands of fixed depositors also hangs in the
Bitcoin Hits History Record Above $23,000 beijingbulletin.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from beijingbulletin.com Daily Mail and Mail on Sunday newspapers.
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Bitcoin breached $23,000 for the first time in history as more Wall Street names crowd into the world’s largest digital currency up 220% this year.
As momentum builds, analysts predict more gains ahead.
The digital coin jumped more than 9% on Thursday, touching a high of $23,256.92, according to a composite of prices compiled by Bloomberg.
Bitcoin and the wider Bloomberg Galaxy Crypto Index have both more than tripled this year. Cryptocurrency-linked stocks in South Korea, Japan and China climbed.
The rally in digital assets is polarizing opinion, given
Bitcoin’s history of boom and bust. Proponents argue the cryptocurrency is muscling in on gold as a portfolio diversifier amid dollar weakness and potential inflationary pressure. Others see speculative fervor that will inevitably lead to a bust akin to the meltdown three years ago after a furious