ASIC admits it commenced two contracts with KPMG after it began investigating the company, ASX loses ground β as it happened - ABC News
- The Australian Securities and Investments Commission (ASIC) admitted during Senate estimates that it holds eight active contracts with KPMG, including two initiated after an investigation into the firm began.
- This revelation comes amid an ongoing audit scandal involving KPMG, raising questions about the regulator's decision to maintain professional ties with a company under scrutiny.
- The news coincided with a downturn in the Australian Securities Exchange (ASX), as markets lost ground throughout the trading day.
- The situation highlights potential conflicts of interest within regulatory oversight and the complexities of government contracting during active corporate investigations.
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Share sales in focus: Firms rush to raise funds amid improving market sentiment - The HinduBusinessLine
β’ Indian companies are accelerating share sales with the goal of raising over $20 billion to capitalize on strong investor demand and improving market sentiment. β’ Firms are primarily utilizing Qualified Institutional Placements (QIPs) to secure capital for strategic expansions, new acquisitions, and the reduction of existing debt.
Read original Β· thehindubusinessline.comEUR/USD Price Forecast: Gains ground to near 1.1600, bullish vibe prevails above 100-day SMA
β’ The EUR/USD currency pair rose to approximately 1.1590 during early European trading on Monday, maintaining a bullish trend above the 100-day Simple Moving Average (SMA). β’ Potential gains may be capped as traders increase bets on a U.S. interest rate hike following hawkish comments from Federal Reserve Chair Kevin Warsh.
Read original Β· fxstreet.comStock market today: Live updates - United States
β’ Investors are closely monitoring the U.S. stock market as they await critical economic data this week. β’ The primary focus is the August jobs report, which is scheduled for release on Friday morning.
Read original Β· europesays.com
IranTop stocks to buy: Stock recommendations for August 31, 2026 week - check list - The Times of India
β’ Motilal Oswal Wealth Management Research Desk has released its top stock recommendations for the week beginning August 31, 2026. β’ The research desk specifically identified Titan and L&T Finance as the primary stocks to buy for investors.
Read original Β· timesofindia.indiatimes.comThe Week Ahead - 8/30/26 - by Neil Sethi
β’ Analyst Neil Sethi outlines the key economic and equity drivers for the week of August 30, 2026, focusing on valuations, sentiment, and Federal Reserve activity. β’ The Q2 earnings season concludes with 10 S&P 500 components reporting, including high-market-cap firms Broadcom (AVGO) on Wednesday, as well as Dell, Medtronic (MDT), and Palo Alto Networks (PANW).
Read original Β· neilsethi.substack.com
SubstackTop Financial Stocks To Keep An Eye On β August 27th - Markets Daily
β’ MarketBeatβs stock screener tool identified seven key financial stocks to monitor on August 27th. β’ The highlighted companies include major players such as Bank of America, Visa, Coinbase Global, Intuit, Robinhood Markets, Circle Internet Group, and BitMine Immersion Technologies.
Read original Β· themarketsdaily.comWall Street Week Ahead
β’ Wall Street enters September with a heavy focus on AI spending and key economic indicators, including the August jobs report and the Federal Reserve's Beige Book. β’ A wave of tech earnings is scheduled, with Dell Technologies reporting Tuesday, followed by Broadcom, Snowflake, and Hewlett Packard Enterprise on Wednesday to gauge AI server demand.
Read original Β· seekingalpha.comGDP data, crude oil prices likely to drive stock markets in week ahead
β’ Stock markets are expected to be highly volatile in the coming week, driven primarily by the release of domestic GDP data and global economic reports. β’ Key indicators influencing market movement will include crude oil price fluctuations, auto sales numbers, and the trading activity of foreign investors.
Read original Β· business-standard.comGDP data, crude prices among 7 factors likely to steer D-Street this week - The Economic Times
β’ Indian equity markets are expected to be driven by seven key factors this week, including India's first-quarter GDP data and US jobs numbers. β’ Other critical influences include fluctuations in crude oil prices, institutional investment flows, and overall global sentiment regarding the technology sector.
Read original Β· economictimes.indiatimes.comAhead of Market: 10 things that will decide stock market action on Monday - The Economic Times
β’ Indian equities, specifically the Sensex and Nifty, rebounded on Friday following strong gains in heavyweight IT stocks after two days of losses. β’ Market analysts anticipate range-bound trading for Monday, citing mixed global cues and ongoing geopolitical tensions.
Read original Β· economictimes.indiatimes.comIndia's Economic Growth: Driven by Policy Distortions, Not Market Forces, Says Bernstein, ETBFSI
β’ A report by Bernstein warns that India's current economic growth is driven by government policy distortions and tax incentives rather than genuine market forces. β’ The analysis highlights that Production Linked Incentive (PLI) schemes, which allocated over Rs 287 billion since FY2023, have artificially boosted profitability in the electronics and electric vehicle sectors.
Read original Β· bfsi.economictimes.indiatimes.comIndia's economic growth driven by policy distortions rather than pure market forces: Bernstein
β’ A report by Bernstein claims that India's current economic growth is being driven by policy distortions rather than pure free-market forces. β’ The analysis indicates that company earnings, domestic consumption, and asset valuations are increasingly influenced by tax incentives, regulatory interventions, and government transfers.
Read original Β· aninews.in
