DIRS.INFO The most relevant business & tech news

REUTERS/Thomas White/Illustration Acquire Licensing RightsMUMBAI, Sept 22 (Reuters) - Indian bond markets won't see a jump in volatility in the near-term after JPMorgan (JPM.N) announced India's inclusion in its widely tracked emerging market debt index, BlackRock's head of Asia Pacific fixed income said on Friday. JPMorgan said 23 Indian Government Bonds (IGBs) with a combined notional value of $330 billion were eligible for inclusion in its Government Bond Index-Emerging Markets (GBI-EM) index and index suite, benchmarked by about $236 billion in global funds. Given the size of the $2 trillion global government bond market, it may add only a little bit to the volatility in Indian bond markets, Seth told the Reuters Global Markets Forum. Foreign investor buying in Indian bonds has remained tepid with net purchases of $3.4 billion so far in 2023. He also pointed to investment-grade credit in Asia and higher quality emerging market bonds, in a "tilt towards quality" as macro uncertainties persist.

Persons: Thomas White, Neeraj Seth, Seth, Divya Chowdhury, Savio Shetty, Alex Richardson Organizations: REUTERS, Rights, JPMorgan, Asia Pacific, Government, BlackRock, Reuters Global Markets, Thomson Locations: India, Rights MUMBAI, Asia, Mumbai

DAVOS, Switzerland, Jan 18 (Reuters) - Heavy electrical company ABB Ltd (ABBN.S) Chairman Peter Voser sees his firm acquiring between five to 10 small-to-medium enterprises a year to add to the company's organic business, he said on Monday. "Each division of ABB should be active in organic and inorganic strategies, which would see ABB acquiring between five to 10 small-to-medium business every year," Voser told the Reuters Global Markets Forum on the sidelines of the World Economic Forum's annual meeting at Davos. Zurich-based ABB raised around 200 million Swiss francs in November, which at the time was around $209 million, from selling an 8% stake in its EV charging business. "We are constantly looking at both opportunities of further private placements and/or floating, but we are under no pressure," Voser said. That's fair to say, given the population and the economies there, but I wouldn't underestimate the growth potential in the U.S.," Voser said.

"The idea that somehow cryptos are going to maintain value, while the fiat currencies collapse. That's nonsense," Rajan said on the sidelines of the World Economic Forum's annual meeting in Davos, Switzerland. The wider crypto market shrank by $1.4 trillion in 2022 with bitcoin losing 60% of its value. One cause for worry, however, could be that labor markets were tight as nobody wanted to fire people, given how hard it was to hire them to begin with, he said. For daily Davos updates in your inbox sign up for the Reuters Daily Briefing here(Join GMF, a chat room hosted on Refinitiv Messenger: https://refini.tv/33uoFoQ)Reporting by Divya Chowdhury in Davos and Savio Shetty in Mumbai; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

DAVOS, Switzerland, Jan 16 (Reuters) - Job cuts are not "top of mind" for Manulife Financial Corp (MFC.TO), Canada's largest insurer, as it sees significant growth opportunities, fuelled particularly by Asia, CEO Roy Gori said on Monday. "We are in growth mode," Gori told the Reuters Global Markets Forum on the sidelines of the World Economic Forum's annual meeting in Davos, adding that his firm has been increasing headcount. "We are growing at more than double or triple the GDP in most of the markets that we operate in. That means that we're investing organically to grow our business and ... possibly looking at inorganic opportunities for growth as well." The prospect of an imminent global recession cast a long shadow over Davos on Monday as participants counted the likely cost for their economies and businesses.

Search resuls for: "Divya Chowdhury Savio Shetty"

4 mentions found