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US futures choppy amid caution over Covid, Fed

Bloomberg US equity-index futures fluctuated between gains and losses, while the dollar halted a two-day rally, as investors assessed the outlook for economic recovery and awaited the latest Federal Reserve minutes to gauge the direction of monetary policy. Contracts on the S&P 500 Index slipped 0.1% after the underlying gauge falls by the most in four weeks. The dollar halted ...

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HDFC Bank shares jump after India eases ban on credit cards

Bloomberg Shares in HDFC Bank Ltd jumped after the Reserve Bank of India (RBI) said it would allow the lender to issue new credit cards, partially removing a months-long ban. The lender will roll out the preparations and strategies it has put in place to “come back with a bang” in credit cards, it said in a statement. It will ...

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Mubadala closes equity fund with commitments of $1.6b

ABU DHABI / WAM Mubadala Capital, the asset management subsidiary of Mubadala Investment Company, has closed its third Private Equity fund, MIC Capital Partners III (Fund III), with total commitments of $1.6 billion. Fund III surpassed its initial target and raised capital commitments from a diverse set of new and existing investors including leading pension plans, endowments, insurance plans, government ...

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