Page 3 - Barclays

India to be world's most significant new aircraft market: Barclays

With one of the highest traffic growth rates in the world, India is the focal market for the global aerospace and defence industry and the world's most significant new aircraft market, Barclays said in a report. India is currently the third largest aviation market in the world, only behind the US and China, in terms of domestic traffic. "The growing middle-class population with an increased propensity to travel stimulated by a government initiative through the UDAN Regional Connectivity Scheme has made India a key source of demand for new aircraft," the brokerage said. Indian carriers have the second-largest order book behind the US. India currently takes 7 per cent of all Boeing and Airbus deliveries, and the country is seen taking nearly that proportion over time as annual traffic growth is forecast to remain 200 bps above the long-term global average. "With important fleet decisions to make by IndiGo, Akasa Air, Jet Airways, the battle for market share is likely to continue. Any

Goldman Sachs joins Barclays in bet against Fed rate cuts this year

Positioning around policy pricing for this year has entered a key period this week, with April inflation gauges slated to be released Wednesday and Thursday

Adani Group gets financial support from three Japanese banks: Report

Adani Group companies are planning to execute large-scale projects across infrastructure and utility space, and need cash flows for these

Jefferies taps Barclays's Ashish Jhaveri to help build India M&A team

The hire is part of the US firm's ambition to build an M&A practice in India, where dealmaking has been relatively robust while the business elsewhere slowed to a crawl

Vedanta seeking $1 bn from global banks to refinance old debt, say sources

Is negotiating with Barclays, JP Morgan, StanChart; fresh fund raising comes within months of the firm having deleveraged its balance sheet by $2 bn

Enter the green age: The financial journey cannot be full of potholes

The details of the transition towards climate-change-related finance will require deft handling

UK probes Barclays over anti-money laundering systems, says report

The FCA wrote to the heads of Barclays' corporate banking and UK retail and wealth divisions requesting a "skilled persons review", or Section 166, the report said

Adani group tops up collateral on $1 billion loan after stock rout

Adani on Friday added about $300 million worth of shares for a loan made by a group of banks including Barclays Plc, one of the people said, asking not to be named discussing internal matters

Citi expects growth to slow below 2% in 2023 amid challenges from Covid

Citigroup on Wednesday forecast global growth to slow to below 2% next year, echoing similar projections by major financial institutions such as Goldman Sachs, Barclays, and J.P. Morgan

Barclays builds up Asia business, sees growth in India, Australia

The British lender has been re-building its Asian business after a global restructuring in 2016

Jhunjhunwala's firm Rare in talks with Barclays to prepay Rs 500 crore loan

The loan was used to fund the acquisition of Zydus Cadila's animal healthcare business in 2021

India's weakening exports prompt slow trade deficit moderation: Barclays

India's large trade deficit is beginning to consolidate, but the weaker exports are prompting a more gradual adjustment than expected, Barclays Bank said in a note on Tuesday

Options activity hints US stock market has not reached bottom: Barclays

With the S&P 500 marking a fresh bear market low on Tuesday, down 24% for the year, traders and investors are searching for clues as to when the market may bottom out

Barclays forecasts contraction in fourth quarter for major economies

Barclays forecast a slowdown in global growth to 2.2% in 2023 versus 2.8% this year, and warned that it expects advanced economies to contract in Q4 with zero growth next year

Barclays sees crude oil surplus in near-term, cuts Brent price view

Barclays lowered its Brent price forecasts on Tuesday by $8 per barrel for 2022 and 2023, as it expects a large surplus of crude oil over the near-term due to "resilient" Russian supplies

India's trade deficit likely to remain above $20 billion: Barclays

India's trade deficit is likely to remain above $20 billion for an extended period, posing the risk of a wider current account deficit, Barclays said

Inflation risk has peaked in Asia; rate hikes may moderate: Morgan Stanley

Inflation as measured by the CPI index stood at 7.04 in May 2022, higher than the Reserve Bank of India's (RBI's) comfort zone of 2 - 6 per cent

RBI to hike repo rate by 50 bps, lower FY23 growth to 7% in June: Barclays

The central bank will likely revise its inflation estimate to 6.2-6.5 per cent, which is way above the upper end of its tolerance band of 2-6 per cent, the economists at Barclays said

Global MF investors could sell $350-bn worth equities this year: Barclays

MF investors have been net sellers of equities this month, for the first time since August 2020, though equity outflows are tiny compared to the record $1.3-trn inflows since 2020, Barclays said

Wheat export ban marginally positive for India inflation: British Brokerage

The ban on wheat exports is only "marginally positive" for the domestic inflation outlook, a British brokerage said on Tuesday.