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Global Markets

Global Markets

JSW Steel raised a total of $1 biIlion in the US bond markets

JSW Steel becomes world's 1st steel co to raise $1 bn via overseas bonds

Sep 16, 2021

The SLB structure helped JSW Steel attract ESG (environmental, social, and governance) focused funds thereby giving it a size and price benefit

Spot gold was down 0.1% at $1,790.42 per ounce by 0424 GMT, while U.S. gold futures eased 0.1% to $1,791.70.

Gold prices drop as investors await clues on US central bank's move

Sep 16, 2021

The Federal Open Market Committee's two-day policy meeting is due on September 21-22, where the US central bank is expected to provide guidance on when it will start withdrawing its asset purchases and on eventual interest rate hike

A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York City, New York, U.S., July 19, 2021. (Photo: Reuters)

Wall Street surges; US yields fall post Fed's Powell speech

Aug 28, 2021

Federal Reserve Chair Jerome Powell's much-anticipated speech was noncommittal on the precise timing of the Fed's bond tapering, unlike earlier remarks by several regional Fed presidents who wanted tapering to start soon

Beijing said last month it planned to strengthen supervision of all firms listed offshore, a sweeping regulatory shift that came after a cybersecurity investigation into ride-hailing giant Didi Global Inc just days after its U.S. listing

China likely to ban overseas IPOs for tech cos with potential data security risks

Aug 27, 2021

Under the planned rules, the Chinese securities regulator would tighten scrutiny of overseas IPO-bound firms and ban those that collect vast amount of users data or create content that could pose possible security risks

Tighter scrutiny on IPOs comes as Beijing launches a flurry of regulatory crackdowns

China halts more than 40 IPOs amid regulatory probe

Aug 23, 2021

The Shenzhen Stock Exchange suspended more than 30 IPOs, including public share sale plans by BYD Co's chip unit, on Aug 18, according to exchange filings

Alibaba Holding Group, Tencent Music Entertainment Group, Didi Global and iQiyi Inc advanced between 1% and 4.5%

Over $560 bn wiped from China markets within a week as regulator clampdowns shatters confidence

Aug 21, 2021

More than $560 billion in market value has been wiped off Hong Kong and mainland China exchanges in a week as funds capitulate out of once-favoured stocks, unsure which sectors regulators will target next

Signs of caution abound, even as US stocks hover near record highs

Wall Street Week Ahead: Investors stick to stocks, but gear up for bumpier ride

Aug 21, 2021

Worries over slowing growth in China and other major economies have hit prices for oil, copper and other raw materials while the US dollar stands at its highest level in nearly nine months against a basket of currencies

The new rules will result in existing online tutoring firms being subjected to extra scrutiny (Source: Reuters)

China’s new rules for private tutoring put billions of dollars at stake

Jul 26, 2021

The new rules released on Friday bars for-profit tutoring in core school subjects in an effort to boost the country's birth rate by lowering family living costs.

Heavyweight Chinese internet stocks also deepened a recent selloff as the move by China added to concerns about increased regulation of Chinese companies listed on Wall Street

Fears of Beijing's increased regulation slam US-listed Chinese stocks

Jul 24, 2021

US shares of TAL Education Group and New Oriental Education & Technology Group Inc dropped more than 50% after news that the government is barring tutoring for profit in core school subjects

"Firms' market power dampens the response of their output to monetary policy shocks," concluded the working paper from IMF economists (Source:Reuters)

Mega firms' influence can undermine monetary policy: IMF

Jul 23, 2021

A research by IMF economists argues that the increasing dominance of fewer and larger companies potentially undermines the impact of central bank policies on overall economic activity and prices

We continue to see oil prices tracking higher in H2 2021 as oil demand growth outpaces supply growth (Source: Reuters)

Oil slumps but heads for steady week on supply tightness as demand recovers

Jul 23, 2021

US West Texas Intermediate (WTI) crude futures fell 8 cents, or 0.1%, to $71.83 a barrel, following a 2.3% gain on Thursday. WTI was set to end the week flat.