ICICI Bank Ltd. led banks higher in Mumbai stock trading on speculation India’s main opposition party will take over government, enabling it to enact policies to bolster economic growth and curb bad loans.
Securities executives are trying to determine if the 12-year-old decision to narrow the price increments for American stock trading has harmed investors, according to two people with knowledge of the matter.
The value of equities traded on Singapore Exchange Ltd. sunk to a two-year low last month, threatening to slow the bourse’s earnings growth, as brokerages restricted investments in so-called penny stocks after three commodity companies plunged.
OAO Lukoil, Russia’s second-largest oil producer, plans to begin commercial production in Iraq as soon as March, prompting UralSib Capital to reiterate its buy recommendation on a stock trading at the cheapest in four years versus peers.
Europe’s planned tax on financial transactions may fail to reduce market risks and could increase household costs, according to a PricewaterhouseCoopers LLP study commissioned by the financial industry.