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Bank of England Governor Andrew Bailey pushed back against broad calls for deregulation, arguing that effective financial rules are essential for maintaining stability and supporting long-term economic growth. He also renewed his call for greater international cooperation on regulating advanced AI models, warning that the technology’s cross-border risks require coordinated oversight.
Japanese government bond yields saw a steepening curve on Wednesday. Shorter-dated yields declined, mirroring U.S. Treasury movements after inflation data. Longer-dated yields, however, climbed due to fiscal and inflation concerns. This occurred after a strong auction of 20-year bonds influenced market sentiment. Investors are watching pension fund allocation changes for future market direction.
DBS Group aims to grow assets under management in its retail and wealth businesses from S$632 billion at the end of 2025 to more than S$1 trillion by 2030. The bank plans to capitalise on Asia’s rising wealth and Singapore’s growing role as a global financial hub.
Indian equities rallied on Wednesday despite escalating Iran-US tensions and Brent crude crossing $85 a barrel, as investors bet the conflict will remain contained and global risk appetite improves on softer US inflation. Financial stocks led the gains, though analysts cautioned that geopolitical risks, inflation and oil prices remain key headwinds.
Billionbrains Garage Ventures, Groww’s parent, posted a Rs 735 crore net profit. This marks a substantial 94.44% year-on-year increase in earnings. Groww’s revenue from operations also saw a sharp 66% rise. The company’s revenue reached Rs 1,504 crore in the first quarter. Net profit grew seven percent sequentially to Rs 735 crore.
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…
The June quarter earnings season gathers pace with 43 companies, including HDFC Life Insurance, HDB Financial Services, Jana Small Finance Bank and ICICI Prudential Life Insurance, set to report results today. Around 143 companies will announce earnings this week, with investors tracking corporate performance, demand trends and sectoral outlooks.