Author: Taufan

Finance

An overlooked Fed policy comes into focus as central bankers weigh how to slow ‘QT’

byTaufan
Central bank officials are expected this week to discuss a strategy for how to slow the shrinking of the Federal Reserve’s balance sheet, a lesser-known policy tool they have used to tighten financial conditions while fighting inflation. Over the last two years, the Fed has shed roughly $1.5 trillion in Treasury and mortgage bonds that it accumulated while trying to stimulate the economy during the early parts of the pandemic, at a pace of roughly $100 billion every month. Allowing those bonds to mature acts to push up long-term interest rates as more bonds have to be snapped up by…
Finance

MicroStrategy’s Plunge Shows Risk of Stock as Bitcoin Proxy

byTaufan
(Bloomberg) — MicroStrategy Inc. Investors who bought shares of the biggest corporate holder of Bitcoin to gain amped-up exposure to the digital asset are getting a painful reminder of its brutal volatility. Most Read from Bloomberg This week is driving home how the leverage the company deploys to buy Bitcoin is a recipe for explosive moves. MicroStrategy sank 16% on Monday, more than 10 times the drop in Bitcoin. It slumped 5.7% Tuesday as the digital token extended a retreat from record highs. The slide pushed this week’s losses to 20%, the stock’s worst two-day drop since 2022, an abrupt…
Finance

Britain’s banks should take part in Macron’s grand restructuring of European finance

byTaufan
Combining the expertise and the networks of the two banks might well create a genuine global competitor to the American and Chinese giants. Any of those deals would present formidable challenges. And yet, 15 years on from the financial crisis, all of the UK banks are in much better financial shape than they have been for a generation or more. Right now, the British market is stagnant, and offers few opportunities by itself. If they don’t expand into new markets, it will be hard to keep growing; even worse, a mega-bank formed on the Continent will eventually turn its eyes…
Finance

Activist Cevian Doubles Down on Swiss Finance With Baloise Stake

byTaufan
(Bloomberg) — Activist fund Cevian Capital AB became a major shareholder in Baloise Holding AG, marking its second big investment in the Swiss finance industry after recently taking a stake in UBS Group AG. The move comes less than a month after the Swiss insurer changed its laws to become more attractive to investors. Stockholm-based Cevian now holds 3.12% of voting rights in Baloise, according to a disclosure from May 18. The investor is also a major shareholder in the Swiss industrial group ABB Ltd. Last month, Baloise shareholders abolished a rule curbing voting rights, effectively making the company more…
Finance

Power Grid, Chola Finance, Lemon Tree & Finolex Industries: 4 stocks SMC Global suggest to buy

byTaufan
Amid the rising volatility in the Indian equity markets, domestic brokerage firm SMC Global has shares four stocks- Lemon Tree Hotels Ltd, Finolex Industries Ltd, Power Grid Corporation of India Ltd and Cholamandalam Investment and Finance Company Ltd- to bet on. The brokerage has chosen the former two based on its sound fundamentals, while the latter two appears to be strong on the technical parameters. Here’s what the brokerage has to say about these counters: Power Grid Corporation of India | Buy | Target Price: 345-350 | Stop Loss: Rs 290Power Grid has been maintaining its bullish trajectory, with prices…
Finance

Finance Minister Nirmala Sitharaman urges greater investment in manufacturing at CII Annual Summit

byTaufan
Finance Minister Nirmala Sitharaman has advocated for a greater emphasis on the manufacturing sector during her speech at the CII Annual Business Summit 2024 held in Delhi on Friday. Sitharaman highlighted the importance of manufacturing alongside services and underscored the need for increased investment and governmental backing to strengthen this sector.“Manufacturing must increase, India must also increase manufacturing with the help of policies, its share in manufacturing in global value chains. So we need to have greater sophistication in our product manufacturing, and we also need to see how this can be given the best policy support,” said the…
Finance

Volumes jump at Aptus Value Housing Finance India Ltd counter | Capital Market News

byTaufan
Last Updated : May 21 2024 | 3:04 PM ISTAptus Value Housing Finance India Ltd saw volume of 417.05 lakh shares by 14:14 IST on NSE, a 237.72 fold spurt over two-week average daily volume of 1.75 lakh shares Delhivery Ltd, Poly Medicure Ltd, Global Health Ltd, Aether Industries Ltd are among the other stocks to see a surge in volumes on NSE today, 21 May 2024. Aptus Value Housing Finance India Ltd saw volume of 417.05 lakh shares by 14:14 IST on NSE, a 237.72 fold spurt over two-week average daily volume of 1.75 lakh shares. The stock…
Finance

National Assembly Finance Committee chairman, Kuria Kimani, in the eye of another storm amid new tax proposals

byTaufan
Molo MP Francis Kimani Kuria is coming out as the poster child of the unpopular bread and vehicle circulation taxes, at least on the floor of the August House.The legislator, who is also the chairperson for the National Assembly’s Committee on Finance and National Planning, was last week the punching bag for Kenyans on social media after he was emerged as one of the most vocal MPs supporting the new tax measures contained in the Finance Bill , 2024.His comment that those who cannot pay the 2.5 percent motor vehicle circulation tax can leave their cars at home,…