Returns in Group-of-10, emerging market and global carry trade baskets tracked by the bank have fallen about 10 per cent since May, quantitative strategists Antonin Delair, Meera Chandan and Kunj Padh wrote in a note to clients. The moves have wiped out the year-to-date returns and significantly cut into profits accumulated since the end of 2022.
This story is from the August 09, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the August 09, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Himalayan glacial lakes expanded 10.81% from 2011 to 2024: Govt
Glacial lakes and other water bodies across the Himalayan region saw a 10.81 per cent increase in area from 2011 to 2024 due to climate change, signalling a heightened risk of glacial lake outburst floods (GLOFs), according to a government report.
India rises as global player in petroleum, sugar exports
SURGING MARKET SHARE IN 5 YEARS
Bollywood's tall storey: Mega deals drive real estate boom
Bollywood's influence extends beyond films. The industry's top stars are known for their larger-than-life roles both on and off screen.
Festival spirit soars, so does pollution
Last Thursday, the skies of Delhi illuminated with Diwali celebrations, despite a ban on firecrackers.
Credit culture: What's that?
Many bankers are complaining about deteriorating credit culture. The villain is farm loan waivers. But some of the NBFCs too are contributing to it
PEELING THE KANDA EXPRESS
As trains loaded with onions chug along, what is the impact on farmers, consumers, and traders?
SROs and fintechs: The emerging plot
The Reserve Bank of India (RBI) recently recognised the Fintech Association for Consumer Empowerment (FACE) as a self-regulatory organisation for fintech (SRO-FT) and is in the process of examining two other applicants.
Amber lights flashing
The microfinance business is turning cautious as delinquencies inch up, reports RAGHU MOHAN
Have a heart condition? Go for specialised cardiac plan
Before purchase, check for waiting periods, co-payment requirements, and sub-limits
Breaking the silence on death and money
Rekha and Rahul, both in their early forties, were batchmates at the Indian Institute of Management (IIM). They married soon after graduating and enjoyed successful careers in Bengaluru.
