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PSU banks outdo private peers due to govt business: S&P

India Business News: Public sector banks outperformed private counterparts in FY24 Q4's equity market, boosted by government projects, as per S&P. Notably, HDFC Bank's per

Mumbai , Maharashtra , India , Indian-overseas-bank , Punjab-sind-bank , Sind-bank , Business-news , S-amp-p , Psu-banks , Private-peers , Govt-biz

Sri Lanka's Bank of Ceylon downgraded to RD

Fitch Ratings has downgraded the rating of Sri Lanka's Bank of Ceylon's foreign currency rating to 'Restricted Default' from 'CC'

Colombo , Western , Sri-lanka , Sri-lankan , Ceylon , Fitch-ratings , Central-bank , National-rating , Sri-lanka-bank , Fitch-ratings-lanka-ltd , National-long-term-rating

Stocks suspended; home sales slump deepens: Evergrande update

A gauge of property stocks slid as much as 1.4%, while Chinese high-yield dollar bonds were 1 to 2 cents lower on the dollar Friday morning.

Guangzhou , Guangdong , China , Boston , Massachusetts , United-states , Aoyuan , Jiangxi , Shanghai , Hong-kong , Chinese , Qilai-shen-bloomberg

Stocks rally; Country Garden gets upgrade: Evergrande update

After taking steps to bolster its balance sheet as a gauge of developer stocks rose for a second day.

China , Beijing , Shanghai , Chinese , Yu-liang , Stephen-cheung , Bloomberg , China-central-television , Holdings-group-co , Country-garden-holdings-co , Country-garden-holdings , A-state-council