• Investment bankers net decade-high $292 million from ECM activity

    Investment bankers net decade-high $292 million from ECM activity0

    For investment bankers operating in the equity capital market (ECM) segment, 2020 turned out to be among the best years in a decade. According to Refiniv, ECM underwriting fee in India generated $291.7 million, 70 per cent more than that in 2019 and the highest in over a decade. ECM activities comprise several kinds of

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  • U.S. factory activity approaches 2-1/2-year high; COVID-19 hitting supply chains

    U.S. factory activity approaches 2-1/2-year high; COVID-19 hitting supply chains0

    WASHINGTON (Reuters) -U.S. factory activity accelerated to its highest level in nearly 2-1/2 years in December as the coronavirus pandemic continues to pull demand away from services towards goods, though spiraling new infections are causing bottlenecks in supply chains. The strength in manufacturing reported by the Institute for Supply Management (ISM) on Tuesday likely helped

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  • Factory activity picks up, employment rate declines

    Factory activity picks up, employment rate declines0

    The manufacturing sector continued to strengthen in December, the results of a private survey showed, as companies raised production and bought inputs to rebuild inventories after the pandemic-driven business closures earlier in the year. Data released by analytics firm IHS Markit on Monday showed Purchasing Managers’ Index (PMI) for the manufacturing sector picked up marginally

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