by Jibran Munaf | October 23, 2024 | Finance
Morgan Stanley is advising investors to maintain their focus on cyclical stocks as earnings season unfolds, with results in this sector consistently surpassing expectations. According to the bank’s analysts, cyclical stocks—those that follow the broader economic...
by Jibran Munaf | October 22, 2024 | Corporate Finance
French investment firm Wendel has announced plans to acquire a 75% stake in U.S.-based private lender Monroe Capital for $1.13 billion. The move marks Wendel’s entry into the fast-growing private credit sector as the firm aims to broaden its presence in the U.S....
by Jibran Munaf | October 22, 2024 | Corporate Finance
Shares of Indian fintech pioneer Paytm plunged as much as 7.8% on Tuesday after the company reported a 34% decline in revenue for the second consecutive quarter, signaling ongoing difficulties in recovering from a regulatory clampdown. Paytm’s revenue dropped to 16.6...
by Jibran Munaf | October 22, 2024 | Finance
British public borrowing has once again surpassed official forecasts for the first half of the tax year, highlighting the challenges facing Finance Minister Rachel Reeves ahead of her inaugural budget presentation next week. Data released on Tuesday revealed that...
by Jibran Munaf | October 22, 2024 | Finance
Dubai-based Islamic insurer Takaful Emarat has announced a reduction of its share capital by over AED 124.3 million (approximately $33.8 million). The capital reduction was activated on the Dubai Financial Market (DFM) on Monday morning after the company completed all...
by Jibran Munaf | October 22, 2024 | Finance
Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), stated on Monday that elevated prices are a permanent reality, exacerbating economic challenges tied to sluggish growth and mounting debt. Speaking at the Bretton Woods Conference, she...
