Activists disrupt BNP Paribas shareholder meeting
PARIS activists briefly disrupted BNP Paribas' annual shareholder meeting in Paris on Tuesday, accusing France's largest listed bank of being Europe's main financing partner for the fossil energy sector. PARIS Reuters - Environmental activists briefly disrupted BNP Paribas' annual shareholder ...
Updated: 05/17/2022
Rupee rebounds 7paise to close to all-time low; Sensex up 2 pc
The rupee was close to a new all-time intra day low of 77.79 on Tuesday to close higher by 7paise on a stellar rally in domestic stock markets. The rupee was close to a new all-time intra day low of 77.79 on Tuesday to close higher by 7paise on a stellar rally in domestic stock markets. After opening lower at 77.67, the local unit plunged further to its all-time intra-day low of 77.79 due to a spike in crude oil prices and disappointing macroeconomic data. A strong rally in domestic equity has...
Updated: 05/17/2022
Sensex, Nifty end 3 months higher on best day in 3 months
... respectively. All 19 BSE sectoral indices closed in the green. The index broke out of this indecisive phase on the upside on May 17 according to Gaurav Ratnaparkhi, Head of Technical Research , Sharekhan, Head of Technical Research , Sharekhan by BNP Paribas . The index crossed the 16000 mark and the key hourly moving averages on the way up, which reinforced the bulls further. All of these observations suggest that Nifty has turned its short-term trend positive. From a short term perspective, 16,480 ...
Updated: 05/17/2022
Sources say Benetton, Blackstone and Italy want to green light for Atlantia bid
... banking accounts of its clients. The bid can be counted on the backing of the Benetton family's holding company Edizione , which owns 33% of Atlantia, and Italian banking foundation CRT, which holds 4.5% in the infrastructure group. Atlantia has picked BNP Paribas and Morgan Stanley to advise it on the bid.
Updated: 05/13/2022
Swiss IPO plans put on hold amid market volatility
... end of summer and revisit the plan in September at the earliest possible time, as investors remain interested in the deal. Goldman Sachs , Morgan Stanley , and Credit Suisse are the co-hosts of the listing, along with bookrunners Bank of America, BNP Paribas, Citigroup , Jefferies and UBS.
Updated: 05/13/2022
Power stocks to benefit from rising power demand
... both international and domestic demand. Coal India is anticipated to benefit from higher volume growth due to increased dispatch of coal to power plants at domestic front, according to analysts. According to Abhijeet Bora, Senior Analyst, Sharekhan by BNP Paribas , Coal India is a beneficiary of higher volume growth YoY. He says fixed costs dent outlook, while the earnings outlook for power-generation companies remains intact, while he says he is bullish on NTPC , Power Grid and Tata Power . The price ...
Updated: 05/10/2022
Asian markets fall on fears over rate hikes
.... The Dow Jones Industrial Average DJIA was down 3.1% to 32,997. The Nasdaq COMP, dominated by tech stocks, slumped by 5% to 12,317. The U.S. government was due to report on Thursday's employment numbers, a closely watched data point. Economists at BNP Paribas still think the Fed will hike the federal funds rate until it reaches a range of 3% to 3.25%, up from zero to 0.25% earlier this year. The conflict in Ukraine continues and demand for oil remains high amid tight supplies of oil, which makes energy ...
Updated: 05/06/2022
European banks count on costs on Ukraine
... points as originally planned, due to bad loan provisions. France's third-biggest listed bank beat first-quarter earnings expectations as its domestic retail arm prospered and trading improved, sending its share price about 2% higher. The shares in BNP Paribas surged on Tuesday after it reported a strong net income beat as the trading boomed even though it had to book a 159 million euro impairment on its 60% stake in Ukrainian lender Ukrsibbank. Credit Agricole SA took more than half a billion euros ...
Updated: 05/05/2022
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