Oil consumers face a summer of pain as China starts coming back to market

Oil bulls are starting to picture a world in which China, the engine of demand growth, comes back to the market. And if their analysis is right, the summer is going to be painful for oil consumers everywhere who’re already facing spiraling prices — whether that’s Americans paying about $5 a gallon gasoline, or Brits … Read more

Morgan Stanley warns 2022 global economic growth to be less than half of 2021

Morgan Stanley forecasts this year’s global economic growth to be less than half of 2021 due to risks from the Russia-Ukraine conflict and COVID-19 surge in China even as central banks tighten monetary policy to control record high inflation. The brokerage expects global growth to be at 2.9%, about 40 basis points below consensus, compared … Read more

Elon Musk Says He Has $46.5 Billion in Funding for Twitter Bid

In a regulatory filing, Mr. Musk also said he was considering taking his offer straight to Twitter shareholders, bypassing a board that appears dug in. Twitter said Thursday it was reviewing the newly detailed proposal. The financing commitments—about half in bank debt and half in cash promised by Mr. Musk himself—lend credibility to what had, … Read more

WSJ News Exclusive | Apollo Global Considers Participating in a Bid for Twitter

Apollo Global Management Inc. is considering participating in a bid for Twitter Inc., according to people familiar with the matter, after Elon Musk’s $43 billion bid put the social-media company in play. Apollo , one of the world’s largest buyout firms, has held discussions about backing a possible deal for Twitter and could provide Mr. … Read more

Shareholder Sues Rivian, Alleging Startup Misled Investors on Vehicle Pricing

A shareholder is suing Rivian Automotive Inc., alleging the electric-vehicle startup misled investors by failing to disclose it had underpriced its vehicles and would need to raise prices after its market debut. The lawsuit, filed Monday in a California U.S. District Court, was brought by shareholder Charles Crews, who according to the complaint purchased 35 … Read more

Fractal Analytics readies IPO plans, targets $2.5 billion valuation

Mumbai: Artificial intelligence and analytics solutions provider Fractal Analytics has kick-started the formal process to launch its public issue towards the second half of the year valuing the Bengaluru unicorn at around $2.5 billion (₹18,000 cr), multiple people aware of the development, said. The company plans to offer 15-20% stake through the proposed IPO that … Read more

Brokerages keep ‘buy’ on HUL, see 16% EPS growth

Mumbai: Most brokerages have maintained ‘buy’ rating on fast moving consumer goods major Hindustan Unilever (HUL) after the company reported strong December quarter earnings. Shares of ended up 2.68% at ₹2,322.20 on Friday. “HUL is better positioned in India FMCG, given longevity of earnings growth, better preparedness to handle disruptions, benefit from a price-straddle approach, … Read more

India’s bond market has $30 billion riding on index inclusion

India is inching toward a major milestone: opening its $1 trillion government bond market to more international investors, one of the most ambitious attempts to attract foreign inflows since the country liberalized its economy three decades ago. Policy makers have spent months preparing to join global indexes, key benchmarks that increasingly determine how large asset … Read more

JPMorgan, UBS and more think chip stocks can rally further — and name their top picks for 2022

Semiconductor stocks have enjoyed a stellar run for nearly three years now, and analysts at Goldman Sachs, JPMorgan, Evercore expect it to continue. Source link