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Indian IPOs to pick up within six months: Bank of America

  Bloomberg Bank of America Corp expects initial public offerings in India will regain their recent momentum as soon as in the first quarter of next year, bolstered by the underlying strength of the market. “I think IPOs have taken a breather but it will be probably three to six months away from coming back,” Debasish Purohit, co-head of India ...

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Chubb in talks for tie-up with Hang Seng Bank

  Bloomberg Chubb Ltd is in advanced talks to form an insurance partnership with Hang Seng Bank Ltd, a Hong Kong-based lender majority owned by HSBC Holdings Plc, according to people familiar with the matter. The parties are hammering out the details of a transaction that could be agreed over the coming weeks, the people said, asking not to be ...

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Stocks head higher on Fed rate day; haven bid lingers

Bloomberg Markets were muted on Wednesday with investors mostly staying on the sidelines before another expected rate hike from the Federal Reserve. Treasuries and the dollar gained on haven flows after Russian President Vladimir Putin stepped up his war against Ukraine. US equity futures pointed to a recovery from the slide in the S&P 500 on anxiety policy makers are ...

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