Miami real estate developer Jorge Perez said interest rate cuts are needed “badly” to help builders manage soaring costs. Borrowing costs have ticked up in recent weeks, boosted by stronger-than-expected economic data. Some developers who were hoping for more pronounced interest-rate cuts by the Federal Reserve have now tempered their expectations for quick relief. Developers

Oil swung between gains and losses as Russia’s war against Ukraine escalated while Iran agreed to stop producing uranium enriched close to the level at which it can be used in nuclear weapons. West Texas Intermediate fluctuated around $69 a barrel after Ukrainian forces carried out their first strike on a border region in Russia

Gold prices rose ₹600 to ₹78,050 per 10 grams in Delhi on Tuesday, November 19, amid a strong global trend in the foreign markets, according to the All India Sarafa Association, reported the news agency PTI. The precious yellow metal with 99.9 per cent purity closed at ₹77,450 per 10 grams the previous day. The

The market regulator has proposed to at least double the minimum subscription amount for initial public offerings of small and medium enterprises as participation of retail investors in these offers has been rising. The regulator proposed increasing the minimum application size for SME IPOs from ₹1 lakh to ₹2 lakh, according to a consultation paper

Aegis Vopak Terminals Limited has submitted its Draft Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) on Monday, November 18. The company aims to raise nearly ₹3,500 crore through this initial public offering (IPO), which comprises solely a fresh issue of equity shares with a face value of ₹20 per

US stock indices slipped on Tuesday, as investors rush to safe-haven assets on escalating tensions between Russia and Ukraine. As of 10:10 am Eastern time, the S&P 500 was 0.4 per cent lower. The Dow Jones Industrial Average was down 0.8 per cent, and the Nasdaq Composite was 0.2 per cent lower. At the opening

How can a private trust benefit a differently abled child? Who should be appointed as a trustee? And how can utilization of the trust’s assets be effectively controlled? Establishing a private trust to safeguard the financial future of a differently abled child offers significant advantages over other forms of security or investment. Unlike general financial

Earlier this month Citywire New Model Adviser wrote about our planned trip to Ukraine to deliver an ultra-low emission zone (ULEZ) scrappage van full of aid. This trip took place on the 23 to 26 October. This follow up is partially about what we did, but really, it’s about why we did it. As far as what

If you have a big credit card debt and believe that the bank will simply forego it since the debt is unsecured, then you are being delusional. A credit card company has all the right to take the defaulter to court. While most credit card users feel that the only implication of non payment of

NTPC Green Energy Limited’s initial public offering (IPO), through a book-building process, offers a fresh issue of 92.59 crore shares. The state-owned renewable energy producer aims to raise ₹10,000 crore from the public issue. The IPO opened for public subscription on Tuesday, November 19 and will close on Friday, November 22. The public issue was