Mon, May 17, 2021 3:24 PM
Panacea Biotec files suit before Delhi HC against Sanofi
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Emerging-market currencies will be attractive for carry traders as hawkishness has been spreading from the Fed to many developing central banks, per the strategists from Citigroup and JPMorgan Chase. The clearest move came from the central bank of Brazil, they said, adding that the monetary authority removed guidance for a 50 bps cut in interest rates and suggested a slowdown in easing instead.
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Chevron Corp. surpassed expectations for a second straight quarter as strong oil-production growth from recent acquisitions helped the company take advantage of crude prices above $80 a barrel. Adjusted first-quarter profit of $2.93 a share was 3 cents higher than the average of analyst estimates in the Bloomberg Consensus. Crude-oil output of almost 2 million barrels a day exceeded forecasts.
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ACC Limited has demonstrated significant improvements across all financial metrics. In the latest quarter, the company achieved a revenue growth of 13 per cent, with Operating EBITDA soaring by 79 per cent. This remarkable performance is reflected in the EBITDA margin, which increased from 9.8 per cent to 15.5 per cent.
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