Money not yet put to business as promised before floating IPOs

At least four listed companies have failed to utilise the IPO (initial public offering) funds within the time mentioned in their prospectuses, depriving general shareholders of their timely benefits.While there were excuses that the business climate has been adverse, there were motives too to take undue advantages in violation of...

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Trump tariffs trigger global stocks and dollar rout

LONDON, April 3 (Reuters): World stocks, the dollar and oil all tumbled on Thursday as Donald Trump's drastic new US trade tariffs drove widespread fears of a global recession and left investors seeking safe-haven bonds and the yen.A new baseline 10 per cent tariff on imported goods plus some eye-watering...

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'Tariff avoiders' among surprise bright spots dappling Europe markets

LONDON, April 3 (Reuters): Shares of surprise tariff avoiders like pharmaceuticals and drinks firms and rate-sensitive stocks such as real estate were among the few to post gains in Europe on Thursday, as fears of a global recession sent wider markets tumbling.The broad STOXX 600 dropped to its lowest in...

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