WASHINGTON: The US Federal Reserve voted Wednesday to hold interest rates at a 22-year high for a third straight meeting and signaled it expects to make three cuts next year.The Fed’s decision to keep its key lending rate between 5.25 percent and 5.50 percent allows policymakers to determine “the extent of any additional policy firming…
With Zara-owner Inditex and H&M set to disclose their most recent sales results, investors will be focused on one major question: how are the two fast-fashion pioneers responding to the current market leader, Shein? Shein has a huge valuation and is primed for an IPO. With sales almost entirely online, the retailer generated about $23…
Motisons Jewellers has fixed a price band of Rs 52-55 for its IPO, which opens for subscription on December 18. The issue will close on December 20. At the upper end of the price band, the company plans to raise Rs 151 crore. Investors can bid for a minimum of 250 shares in one lot…
MADRID: Zara owner Inditex said on Wednesday its net profit jumped 32.5% in February-October, but the fast fashion giant’s sales growth in the nine-month period slowed down from a year ago amid tougher times for consumers. The world’s biggest fashion retailer said its net profit was 4.1 billion euros ($4.42 billion) as expected by analysts,…
