The U.S. trade deficit and factory orders might be the highlight this week. The minutes of the latest Federal Reserve meeting also will special attention. Early signs from the U.S. Futures Index suggest that Wall Street might open slightly up on Monday. Asian shares finished mostly up, while European shares were trading broadly higher. The latest reports of the Russian […]

The top five export models during the year were Baleno, Dzire, Swift, S-Presso and Brezza. Shally Seth Mohile reports. Overseas shipments at auto firms expanded at a brisk pace year-on-year (YoY) in March, bumping up the overall annual exports for FY22 and taking it to a record level for some like Maruti Suzuki India and Bajaj Auto. Amid a semiconductor […]

‘Large-caps are better placed to withstand the impact of higher input cost inflation, rising rates and withdrawal of excess global liquidity.’ Gautam Duggad, head of research, Motilal Oswal Institutional Equities, tells Ashley Coutinho that supply chain challenges and rise in commodity prices can pose a risk to near-term growth and inflation dynamics. The market has seen a fair bit of […]

A Bay of Plenty startup that created a whole new category of software – a cloud-based system organising in-house legal teams – has just landed another wheelbarrow load of venture capital. The Tauranga-based LawVu has raised $20 million in a “Series A” extension – taking its current fundraising round to $37m and its total venture capital funding to some $45m. […]

This year, a bevy of companies that qualified under the production linked incentive (PLI) scheme failed to achieve their investment or production value targets or both. This failure in their very first year of the programme is something the government might not have anticipated. The deadline to claim incentives for the first year ended on March 31, but the companies […]

The decision by one of New Zealand’s largest print and distribution companies to close a large section of its production is a reflection of a “perfect storm” to hit the print industry, says a media commentator. Ovato announced last week that it would close its heatset printing operation at its Auckland plant, plunging the magazine industry into turmoil. John Baker, […]

A Russian one rouble coin is seen next to a U.S. one dollar banknote in this picture illustration taken April 5, 2022. REUTERS/Maxim Shemetov/IllustrationMELBOURNE (Reuters) – S&P on Saturday lowered Russia’s foreign currency ratings to “selective default” on increased risks that Moscow will not be able and willing to honor its commitments to foreign debtholders. Facing waves of sanctions over […]