Mon, Jul 22, 2024 5:17 PM
Sweden’s Oscar Properties faces bankruptcy application over settled
A Flip by Riya Sharma
Oil drifted in thin end-of-year trading, with investors assessing the outlook for 2025 while tracking developments in the Middle East. West Texas Intermediate steadied below $70 a barrel, after shedding 0.7% on Thursday, when Brent also settled lower. A gauge of 10-day volatility for the US crude benchmark has ebbed to the lowest since 2021.
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Asian stocks wobbled on Friday while the dollar was steady, keeping the yen rooted near five-month lows in thin year-end trading as investors looked ahead to 2025, when the Federal Reserve is expected to be measured in its interest rate cuts. The Bank of Japan on the other hand could raise rates in the near-term, with the summary of opinions at the bank.
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KKR is set to double down on its bet on LEAP India Pvt Ltd, that is already majority-owned by the PE firm and is raising Rs 535 crore in its latest funding round led. KKR is investing Rs 333 crore in LEAP India’s ongoing fundraising, while Sixth Sense is investing Rs 70 crore, and First Bridge and Madhurima International are investing Rs 60 crore and Rs 50 crore, respectively.
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