HDFC Bank shares fall as 3 US law firms launch probe over alleged federal law violations

Three United States law firms are investigating HDFC Bank for alleged securities law violations. These firms are examining if the bank disguised payments to MSRDC as marketing expenses. HDFC Bank shares have declined significantly following these announcements and after its Q1 earnings report. The bank has strongly denied any allegations of wrongdoing or culpability. Investigations…

Global Market: GIC to invest $30 billion more in hedge funds, doubles down on AI

Singapore’s sovereign wealth fund GIC plans significant new investments. The fund will allocate an additional thirty billion dollars to hedge funds over three years. GIC is also expanding its exposure to artificial intelligence opportunities across various sectors. This strategic shift follows a period of more conservative investment and softer long-term returns. The fund aims to…

US Stock Market: US Treasury’s growing reliance on short-term bills sparks debate over borrowing risks

The US Treasury is increasing short-term bill issuance to meet rising funding needs. This strategy aims to rebuild government cash balances and finance seasonal spending requirements. Analysts express concerns about long-term risks from heavy reliance on short-duration debt. Money market funds are absorbing much of this issuance, though demand may face seasonal pressures. This approach…