Dow Jones Falls; Tesla Up Despite Delivery Data; This Stock Drops As Warren Buffett Raises Stake

The Dow Jones fell despite rallying into the close, with Nike (NKE) and Apple (AAPL) making some of the best gains. Tesla (TSLA) rose despite disappointing delivery data. A Warren Buffett stock fell even as it emerged Berkshire Hathaway (BRKB) had raised its stake. A trio of stocks made bullish moves amid the mixed action. … Read more

Govt imposes windfall tax on oil producers, raises import duty on gold

The Centre on Friday slapped a windfall tax on domestic crude oil producers, imposed export duties on petrol, diesel and aviation turbine fuel (ATF), and hiked the import duty on gold in efforts to reduce pressure on the rupee, rein in the current account deficit (CAD), and increase the domestic supply … Read more

India raises import tax on gold to support rupee

Breadcrumb Trail Links PMN Business Author of the article: Publishing date: Jul 01, 2022  •  18 minutes ago  •  2 minute read  •  Join the conversation Article content MUMBAI — India has raised its basic import duty on gold to 12.5% from 7.5%, the government said on Friday, as the world’s second biggest consumer of the … Read more

Forint pares gains as cenbank raises inflation forecast

Breadcrumb Trail Links PMN Business Author of the article: Article content BUDAPEST — The Hungarian forint weakened on Thursday, but it held on to most of its significant gains from the previous sessions as the central bank raised its one-week deposit rate by 50 basis points. The forint slid 0.58% to 396.7 per euro on … Read more

Bob Diamond’s private equity firm raises funding from Qatar

The private equity group of former Barclays chief executive Bob Diamond has struck a deal with Qatar to fund a new distressed asset vehicle. Atlas Merchant Capital, which was co-founded by Diamond almost a decade ago, has received a non-binding commitment of $100mn from the Qatar Financial Centre (QFC), the Doha-based site through which international … Read more

India raises issue of delay in granting student visa with several countries

India on Friday strongly raised with Australia, Canada, the UK, the US, Germany and a number of other countries the issue of long delays in grant of visas to the Indian students wanting to resume their on-campus classes. Thousands of Indian students are struggling to return to these countries … Read more

Insurers Among Investors as Canada’s Brookfield Raises $15B for Climate Fund

Canada’s Brookfield Asset Management said on Wednesday it had raised $15 billion for its first impact fund focused on the global transition to a net-zero carbon economy. The fundraise comes at a time when investors and lawmakers across the globe have been questioning businesses about their environmental and social impact amid calls for companies to … Read more

Ahead of Narendra Modi’s visit to Karnataka, Siddaramaiah raises host of issues

Ahead of Prime Minister Narendra Modi‘s two-day visit to Karnataka, Leader of Opposition in the state Assembly Siddaramaiah has questioned him on a slew of issues in a series of tweets with “#AnswerMadiModi”, including on the “delay” in granting approval to Mekedatu project and alleged Hindi “imposition”. The PM’s visit comes at a time when … Read more

Pepper Money raises lifts on resi, affordable housing and BTL offers

Pepper Money says it has lifted rates across a number of products in its affordable housing, residential and buy-to-let ranges in response to rising swap rates. The specialist lender has increased rates across its residential fixed-rate mortgages by an average of 64 basis points. The move comes after the Bank of England’s Monetary Policy Committee … Read more