1d ago
Paytm parent One 97 draws attention as Resilient AM plans to sell up to 4.98% stake via block deal at about 3% discount
Paytm parent One 97 Communications said shareholder Resilient Asset Management BV plans to sell up to a 4.98% stake through a block deal at a price about 3% below the market. The stake traces back to Resilient’s August 2023 purchase of a 10.20% holding from Antfin, though the economic interest remained with Antfin. Under the arrangement, One 97 said the economic value from the proposed sale will be retained by Antfin.
1d ago
1d ago
Dollar stays near multimonth lows as September Fed hike odds fall to 35% and Iran war fears rise
The euro and sterling held near recent highs as markets sharply pared back expectations for a Federal Reserve rate increase. September hike odds fell to 35% from 52.2% a week earlier, according to the CME FedWatch tool. Meanwhile, worries about war involving Iran helped push Brent crude to its highest level since late July. Analysts said persistent inflation pressures are limiting the Fed’s room to maneuver.
1d ago
1d ago
Iress posts $32 million first-half profit as underlying net profit rises 18.4% to $38.8 million
Australian fintech Iress reported first-half net profit of A$32 million, up 85% year on year, while underlying net profit increased 18.4% to A$38.8 million. Revenue from continuing operations rose 2.5% to A$250 million. The company lifted its interim dividend 27.3% to 14 cents. Iress said it expects full-year underlying profit growth of 15% to 21% and has already met its A$31.5 million annualised cost-savings target ahead of schedule.
1d ago
1d ago
Gold rises to $4,424.28 an ounce as September rate-hike fears ease ahead of Fed minutes
Spot gold extended its advance to $4,424.28 per ounce after softer U.S. jobs, inflation and retail sales data reduced expectations of a September rate increase. Market pricing now implies a nearly 65% chance the Federal Reserve will hold rates steady. Investors are awaiting the Fed’s latest meeting minutes for clues on the policy outlook. Spot silver rose 0.9%, platinum added 0.2%, and palladium slipped 0.3%.
1d ago