Indian shares look set to open marginally higher on Monday after data showed foreign portfolio investors (FPIs) turned net buyers in June, following two months of net outflow. FPIs bought shares worth Rs 26,565 crore on a net basis in the month, driven by political stability and a sharp rebound in markets aided by aggressive...
Indian shares closed higher on Monday, mirroring gains in other Asian and European markets after the first round of voting left Le Pen\'s National Rally looking short of securing a majority in parliament, helping ease concerns about further strains on the country\'s public finances. President Emmanuel Macron has called for a \"broad\" alliance against the...
The number of mortgages approved by British lenders declined in May on higher mortgage rates, data published by the Bank of England showed on Monday. Mortgage approvals, an indicator of future borrowing, decreased to 60,000 in May from 60,800 in April. Approvals were forecast to fall to 59,900. The effective interest, which is the actual...
Altair (ALTR) announced Monday it has entered into a definitive agreement to acquire all of the outstanding capital stock of Metrics Design Automation Inc., a Canadian company with a game changing simulation as a service (SaaS) business model for semiconductor electronic functional simulation and design verification. The financial terms of the deal were not disclosed....
Booz Allen Hamilton (BAH) announced Monday it was awarded a seven-year, $419 million contract with the National Science Foundation (NSF) for Information Technology Mission Application Support (ITMAS). Under this contract, Booz Allen will provide end-to-end systems development, operations, and maintenance for over 20 NSF mission-critical custom applications in support of NSF\'s end-to-end grants lifecycle by...
The Toro Co. (TTC), through its wholly-owned subsidiaries Toro Australia Pty Ltd and Toro Australia Group Sales Pty Ltd based in South Australia, announced Monday the sale of its Pope Products residential garden watering and irrigation business to The AMES Company, Inc., a subsidiary of Griffon Corp. (GFF). Pope irrigation and garden watering products are...
IceCure Medical Ltd. (ICCM) announced Monday it has received marketing authorization from the U.S. Food and Drug Administration (FDA) for its next-generation single probe cryoablation system, the XSense Cryoablation System with CryoProbes. XSense and its cryoprobes are cleared for all of the indications for which ProSense has already received the requisite FDA clearance, including general...
Mercer International (NASDAQ:MERC) Inc. experienced a decline in EBITDA during the fourth quarter of 2023, reporting $21 million, which was down from $38 million in the previous quarter. The company\'s fiscal year EBITDA saw a substantial drop to $17 million from the previous year\'s $537 million, attributed to weaker market conditions. However, the company noticed...
What is a bond fund? "Bond funds"and"income funds"are terms used to describe a type of investment company(mutual fund,ETF,closed-end fund or unit investment trust(UIT))that invests primarily in bonds or other types of debt securities.Depending on its investment objectives and policies,a bond fund may concentrate its investments in a particular type of bond or debt security—such as...
Bonds can provide a means of preserving capital and earning a predictable return.Bond investments provide steady streams of income from interest payments prior to maturity. The interest from municipal bonds generally is exempt from federal income tax and also may be exempt from state and local taxes for residents in the states where the bond...