AI Bias Analysis
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Nickel rose to the highest intraday level in nearly two years as cuts to mining quotas in major producer Indonesia and a global sulfur shortage tightened the supply outlook for the battery metal.
Source
Bloomberg Markets
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Rising global oil prices have begun seeping into the domestic economy, squeezing margins for manufacturers dependent on imported raw materials.
The NSE Nifty IT Index slumped to its lowest since June 2023.
Allianz Global Investors has secured $270 million in commitment for the first close of its private credit fund targeting infrastructure investment in Asia Pacific.
To fuel its global ambitions, Sun Pharmaceutical Industries will acquire New Jersey-based Organon & Co in an all-cash deal that values the U.S. company at $11.75 billion.
