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Although JSW had won the bid for Bhushan Power and Steel in 2019, the transaction was pending because of litigation. The Supreme Court recently paved a way for the transaction to get through by directing lenders to return money to JSW in case the enforcement authorities attached Bhushan’s assets.
Fed will raise interest rates in March: Jerome Powell tells US Congress
from Stocks-Markets-Economic Times https://ift.tt/cMVOA7d
… Read MorePowell affirms Fed on track for March hikePowell said that the Fed was watching the situation carefully, but that so far it did not change the central bank's plans to raise interest rates beginning at its March meeting to try to control already-high U.S. inflation.
… Read MoreAhead of Market: 12 things that will decide stock action on FridayNo stock showed bullish setup according to the momentum indicator Moving Average Convergence Divergence (MACD), reflecting the selling intensity.
from Stocks-Markets-Economic Times https://ift.tt/UYuxGyE
… Read MoreNYSE, Nasdaq halt trading in stocks of Russia-based companiesThe Nasdaq-listed stocks halted were Nexters Inc, HeadHunter Group PLC, Ozon Holdings PLC, Qiwi PLC, and Yandex. The NYSE-listed stocks halted were Cian PLC, Mechel PAO and Mobile TeleSystems PAO.
from Stocks-Markets-Economi… Read MoreUkraine crisis may slow, but not stop, Fed hikingA quarter-point increase is still anticipated as the Fed begins to lift its target policy rate from the near zero level set at the outset of the pandemic.
from Stocks-Markets-Economic Times https://ift.tt/ZErTMUF
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