Latest business news
State Bank of India (SBI), the country’s largest public sector lender, has emerged as the most profitable bank in India for FY25, outpacing leading private sector peers such as HDFC Bank and ICICI Bank. SBI alone accounted for over 40% of the total net profit generated by all listed public sector banks during the fiscal…
US CDS spreads rise on debt ceiling worries, policy uncertainty Size of the market, trading volumes have increased recently X-date seen at end of August, early September, Barclays says NEW YORK, May 9 (Reuters) – The cost of insuring exposure to U.S. government debt has climbed noticeably over the past month and remains stubbornly high,…
Indexes up: Dow 2.76%, S&P 500 3.26%, Nasdaq 4.24% WSJ reports White House considering slashing China tariffs Tesla, Boeing gain after quarterly results S&P Global’s flash US Composite PMI at 51.2 in April By Lisa Pauline Mattackal and Purvi Agarwal Wall Street’s main indexes rallied on Wednesday, with the S&P 500 touching a two-week high…
Treasuries slid for a fifth straight day as investors pulled back from US assets, sending longer-dated yields toward one of the biggest weekly jumps since the 1980s. The rout, which was set off by the US trade war that’s shaken global markets, is threatening to deal another hit to the economy by pushing up borrowing…