Finance chiefs from economies large and small are scrambling to keep pace with the Federal Reserve's rapid resetting of rate-cut expectations as U.S. inflation data roils markets from London to Brazil.All insist they are setting policy independently of the Fed and basing it on local conditions on global peers meeting.
Open FlipGoldman Sachs has initiated coverage on power transmission companies with buy ratings on Power Grid Corp and Hitachi Energy and a sell on Schneider Electric. The brokerage said in a client note on Thursday that power transmission is key to India’s transition to clean energy and the government is assisting the viability of renewable projects via indirect financial support worth $270 billion.
Open FlipJSW Steel, India's largest manufacturer of the alloy, has raised $900 million from a consortium of eight foreign banks to refinance debt maturing this month and pre-pay some high-cost borrowings.The loan was priced 180 basis points above the international secured overnight financing rate (SOFR) earlier this month, multiple people aware of the details said.
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