TMS Ep165: RBI rate hike, Shanghai pile-up, markets, stock consolidation

In a surprise announcement, RBI Governor Shaktikanta Das on Wednesday said that the Monetary Policy Committee has unanimously voted to increase the repo rate by 40 basis points, to 4.40 per cent with immediate effect. The repo rate has been increased for the first time since August 2018. What will be its impact … Read more

ISC Reports 2022 First Quarter Financial Results

This section is Partnership Content supplied The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Breadcrumb Trail Links GlobeNewswire Author of the article: Article content REGINA, Saskatchewan, May 04, 2022 (GLOBE NEWSWIRE) — Information Services … Read more

Fed Relief Rally Is False Dawn to Strategists Who Fear Inflation

(Bloomberg) — The collective sigh of relief in markets after Federal Reserve Chair Jerome Powell pushed back against super-sized hike speculation may be short lived. Most Read from Bloomberg The worry is that absent tough action, markets face a toxic combination of persistently high inflation and slower growth. While the Fed hiked rates by 50 … Read more

Top headlines: Lending rates to rise, half a dozen IPOs in May after LIC

The Federal Reserve’s policy-making Federal Open Market Committee on Wednesday voted unanimously to increase the benchmark rate by a half percentage point. Meanwhile, after Reserve Bank of India raised repo rate, interest rates on deposits are expected to move upwards. Scroll down below to read the top stories from Wednesday Fed hikes rates … Read more

Icahn said in talks to settle with Southwest Gas over board fight

Neilson Barnard/Getty Images Entertainment Billionaire Carl Icahn is said in discussions to reach a settlement with Southwest Gas (NYSE:SWX) that would allow the activist investor to get as many as four seats on the board. Talks are still taking place and could still fall apart before the company’s annual meeting next week, according to a … Read more

Central Secretariat Service officials warn of strike over pending demands

Annoyed with the delayed promotions , the officials of Central Secretariat Service (CSS) on Wednesday said that they will go on strike from May 15 if their demands including the delay in promotions are not sorted out. In a letter written to the Secretary of Department of Personnel and Training … Read more

Asian Stocks Up, Boosted by Reaction to Fed’s As-Expected Rate Hike By

© Reuters. By Gina Lee – Asia Pacific stocks were mostly up on Thursday morning, with surging U.S. stocks and bonds providing a boost. Investors breathed a sigh of relief after the U.S. Federal Reserve’s latest was as expected and averted concerns of larger-than-expected hikes. China’s was up 0.53% by 10 PM ET (2 … Read more

Disposition of Common Shares of Canadian National Railway Company

Article content KIRKLAND, Wash., May 04, 2022 (GLOBE NEWSWIRE) — The beneficial ownership of Canadian National Railway Company (“CN”) by William H. Gates III has decreased due to dispositions. On May 4, 2022, Cascade Investment, L.L.C. (“Cascade”) sold 1,005,271 common shares of CN (“Common Shares”) listed on the Toronto Stock Exchange at a weighted average … Read more

A Bitcoin margin call. If the world’s leading cryptocurrency drops below $21,000, Michael Saylor’s MicroStrategy will be forced to pay up

Michael Saylor is perhaps one of the most fervent supporters of Bitcoin on the planet—and that’s saying something, given the almost cultlike community behind the world’s leading cryptocurrency. Saylor, an MIT graduate and the cofounder and CEO of the business intelligence firm MicroStrategy, has become a hero to the Bitcoin faithful ever since his company … Read more

California regulators OK Phillips 66, Marathon to convert refineries (NYSE:PSX)

halbergman/E+ via Getty Images Phillips 66 (NYSE:PSX) and Marathon Petroleum (NYSE:MPC) were cleared by California regulators Wednesday to convert their petroleum refineries into the two largest renewable diesel production facilities in the U.S., Argus Media reports. The Contra Costa County Board of Supervisors voted to authorize land use permits allowing Phillips 66 (PSX) to convert … Read more