$4 billion-FII retreat turns Nifty into world’s worst performing stock index

$4 billion-FII retreat turns Nifty into world’s worst performing stock index

NEW DELHI: After being a rare oasis among all major troubled stock markets in 2022, Nifty is decoupling once again in 2023 but in reverse mode. As most major markets try to regain lost ground this year, India’s heartbeat index has turned into the worst performer with foreign institutional investors or FIIs dumping Indian stocks … Read more

Asian shares slip on gloomy outlook as Ukraine, recession risks weigh

Asian shares slip on gloomy outlook as Ukraine, recession risks weigh

SHANGHAI: Asian shares fell on Friday following the biggest quarterly drop in global equities in two years, as investors worried about the impact of the Russian-Ukrainian war and rising risks of recession. On Thursday, Russian President Vladimir Putin struck back at Western sanctions on Moscow, threatening to halt contracts supplying Europe with a third of … Read more

Japan’s Hitachi to suspend Russia operations after Ukraine request -Nikkei

Japan’s Hitachi to suspend Russia operations after Ukraine request -Nikkei

Japan’s Hitachi decided on Thursday to suspend operations in Russia following a request from the Ukrainian government to do so, the Nikkei newspaper said. The company said in a statement on Thursday it will stop exports and cease most operations in Russia except for vital electrical power facilities. It did not mention any communication with … Read more

UK asks Japan for Huawei alternatives in 5G networks, suggests NEC Corp and Fujitsu Ltd: Nikkei

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TOKYO: The British government asked Japan to help build its 5G wireless networks without Huawei Technologies, citing NEC Corp and Fujitsu Ltd as potential alternative suppliers, the Nikkei business daily reported on Sunday. British officials met with their counterparts in Tokyo on Thursday, two days after Britain ordered Huawei equipment purged from its 5G networks … Read more