Airport Disruptions May Get Worse This Week
The fact that planes are generally less full in early November helped airlines limit the impact. That will change as Thanksgiving nears. Source link
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IPO watch: InCred Holdings files confidential papers with Sebi; eyes Rs 3,000-4,000 cr issue
InCred Holdings, the parent entity of NBFC InCred Financial Services, has filed confidential draft IPO papers with markets regulator Sebi, seeking to raise Rs 3,000–4,000 crore, PTI reported citing people familiar with the matter.In a public statement issued on Sunday, the company confirmed PTI that it had submitted “the pre-filed draft red herring prospectus with…
Pakistan’s manufacturing sector slump: Private investment plunges 46%; experts warn of long-term industrial decay
Representative image (Picture credit: ANI) Pakistan’s manufacturing industry, once considered a key driver of economic growth and employment, is undergoing one of its worst downturns in recent history. The sector has seen a steep 46 per cent fall in private investment over the past six years, raising fears of long-term stagnation among economists and industrial…
US–China trade ties: Beijing halts export ban on ‘dual-use’ materials; gallium, germanium, antimony set to flow again
China has stepped back from one of its toughest trade measures against the United States, pausing a ban that restricted exports of gallium, germanium, antimony and other products linked to high-tech manufacturing. The commerce ministry said on Sunday that the suspension applies to “dual-use” items, goods that can be used for both civilian and military…
China Suspends Export Controls on More Critical Minerals
The changes would make it easier for American firms to obtain key minerals, delivering on what the White House said the two countries had agreed to at last month’s summit. Source link
IPO rush ahead! Five issues to hit the market eyeing Rs 10,000-crore — What investors should know
IPO street will remain crowded in the upcoming week as investors brace for a heavy line-up of five IPOs scheduled to open between November 11 and 14. The primary market is set for an active spell, with three issues hitting the mainboard and two launches on the SME platform. In total, the companies are aiming…
China CPI: Inflation rises 0.2% after months of stagnation in October; property and spending pressures persist
China saw a mild increase in consumer prices in October, breaking a stretch of stagnation and decline as the world’s second-largest economy continues to fight a series of economic setbacks. Official figures released on Sunday by the National Bureau of Statistics (NBS) show that the consumer price index (CPI) edged up 0.2% year-on-year last month….
US shutdown: More than 2,500 flights cancelled over weekend; passengers left confused amid Thanksgiving season
Flight schedules across the United States were thrown off course this weekend, after the Federal Aviation Administration (FAA) ordered airlines to scale back operations due to the ongoing government shutdown, a move that has already led to more than 2,500 cancellations by Saturday evening.The FAA’s directive, issued because staffing levels have dropped at radar centres…
Thanksgiving on budget: US retailers push cheaper private-label meals; here’s what Walmart, Target & more are doing
This Thanksgiving, retailers in the United States are leaning heavily on private-label products to promote what they say are the most affordable meal deals in years. Walmart, Target and Aldi are each highlighting cost savings ahead of the holiday, but the reductions come with trimmed menus and more store-brand substitutes.At Walmart, this year’s meal bundle…
US Shutdown: Trump demands ACA payments go straight to Americans; hits at ‘fat cat’ insurers and Obamacare
US President Donald Trump has escalated his attack on the Affordable Care Act (ACA), urging Republicans to divert federal healthcare payments directly to Americans instead of insurance companies, as the ongoing government shutdown marks its longest stretch in US history.In a new post on Sunday, Trump repeated his demand that Republicans stop sending what he…