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Stocks rebound, gold tumbles on tempered Mideast fears
World stocks have recovered some losses and gold has fallen by the most in a year, dropping with government bond prices and oil as investors reversed some defensive positions taken going into the weekend on fears of a wider Middle East conflict. The week ahead is packed with corporate earnings, with 158 companies in the […]
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Europe emerges as hotspot for Indian IT M&As, tops buy chart
Indian outsourcing leaders are increasingly acquiring companies in Europe, where the pace of revenue expansion has lately dwarfed growth rates the other side Atlantic seaboard to justify about a dozen M&As in the continent since the pandemic.While last week’s acquisition announcement of in-tech by Infosys is tipped to be the largest in the latter’s history, even Capco’s acquisition by Wipro in 2021 is the largest ever acquisition made by the company.HCLTech has done three major acquisitions...
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Stocks sink, oil surges on reports of Middle East attacks
TOKYO (Reuters) -Asian shares and bond yields sank on Friday while safe-haven currencies, gold and crude oil jumped after reports of a sharp escalation in Middle East hostilities. MSCI's broadest index of Asia-Pacific shares dived 2.3% and U.S. stock futures pointed 1.5% lower following media reports Israeli missiles had hit a site in Iran. ABC News cited a U.S. official in reporting Israeli missiles had hit a site in Iran, while Iran's Fars news agency said explosions were heard at an airport...