Funding & Business
Indian Stocks Rally as Modi’s Tax Cut Plan Offsets Trade Tension
Indian stocks rose in early trading Monday, led by automakers, after Prime Minister Narendra Modi announced plans to lower taxes on everyday goods, a move aimed at cushioning the blow of potential US tariffs and boosting consumption.
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Hang Seng Bank Ltd. is seeking to sell a property-backed loan portfolio worth at least $1 billion, according to people familiar with the matter, as it looks to unload bad debt that’s piled up during the city’s commercial real estate slump.
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Qatar’s $524 billion sovereign wealth fund is nearing a deal to buy a minority stake in Canada’s Ivanhoe Mines Ltd., according to people familiar with the matter.
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Anna Edwards, Guy Johnson, Valerie Tytel and Mark Cudmore break down today’s key themes for analysts and investors on “Bloomberg: The Opening Trade.” (Source: Bloomberg)
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