NEW DELHI, Aug 21 (Reuters) - Bangladesh Prime Minister Tarique Rahman is likely to visit India from August 23 to 25, the Indian Express newspaper reported on Friday, his first trip to the country since taking office in February.
The visit comes amid efforts by the South Asian neighbours to repair ties strained by the 2024 ouster of former Prime Minister Sheikh Hasina, whom Dhaka has asked New Delhi to extradite.
The Bangladeshi and... (continue reading...)
Aug 21 (Reuters) - UBS Global Wealth Management raised its year-end target for the S&P 500 index to 8,100, citing a stronger earnings outlook and confidence in sustained profit growth through next year.
The wealth management arm of UBS Bank, UBS Global Wealth Management is the newest addition to a growing chorus of global research firms forecasting the S&P 500 will be above 8,000 by the end of 2026.
The new target implies a roughly... (continue reading...)
Aug 21 (Reuters) - Australian insurance broker Steadfast Group said on Friday it has agreed to a A$7.7 billion ($5.51 billion) takeover offer by a U.S. consortium backed by investment firm KKR.
As part of the proposal, insurance distributor Amwins Group will acquire Steadfast's underwriting agency operations, while U.S.-based Dragoneer Investment will take over its broking business.
Steadfast shareholders, as previously announced,... (continue reading...)
Aug 21 (Reuters) - Ross Stores' shares surged nearly 9% in premarket trading on Friday, after the value retailer raised annual guidance and projected quarterly sales growth above analyst expectations, signalling bargain-hunting demand despite a shaky economic backdrop.
Shares were last up 8.6% at $248.77 after falling over 3% in the last two sessions.
Here are some details:
• The company raised its annual earnings per... (continue reading...)
Aug 21 (Reuters) - Global equity funds drew their largest weekly inflows in three weeks through August 19 as investors bet on a strong earnings season, though rising bond yields and oil prices began to weigh on markets.
The fund-flow data preceded a broad late-week selloff. Global stocks were on track for their steepest weekly decline since mid-July on Friday as higher government bond yields, elevated oil prices and renewed inflation concerns... (continue reading...)
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