Mon, Nov 16, 2020 6:13 AM
Walmart to sell most of Japan's Seiyu to KKR and Rakuten
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The board of pump and valve maker KSB on Friday approved splitting its shares in the ratio of 1 to 5.In an exchange filing detailing its Q4 results, the company stated, The board of directors of the company at its meeting held on April 26, 2024, unanimously approved the sub-division/split of 1 equity share of the company with a nominal/face value of INR 10 each, into 5 equity shares of INR 2 each.
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T Rowe Price's first-quarter profit beat expectations as an upswing in markets boosted its assets under management and softened the hit from outflows, it said on Friday.Asset managers have seen money leave their funds as high interest rates boost the appeal of safe-haven assets like cash. Some investors are also waiting for more certainty on the trajectory of interest rates.
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A decline in both growth and inflation in the US in the latter half of the year could pave the way for the Federal Reserve to initiate rate cuts, according to Rajat Bhattacharya, Senior Investment Strategist at Standard Chartered. The US economy slowed sharply in the January-March quarter to a 1.6% annual pace in the face of high-interest rates.
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