StoryCompareWHAT'S REPORTED
- ▸India's infrastructure buildout drove prices higher, boosting JSW Steel's profit. — Bloomberg Markets
THE BRIEF
JSW Steel Quarterly Profit Surge
JSW Steel's fiscal second-quarter profit more than tripled, beating expectations on higher prices.
THE BRIEF
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THE BRIEF
ECONOMYTHE BRIEF
Saab Orders Surge After Ukraine Deal
Saab reported orders tripled following the Gripen fighter jet deal with Ukraine.
WHAT'S REPORTED
- ▸European governments are turning defense spending pledges into military capability, boosting Saab's order books. — CNBC
THE BRIEF
ECONOMYTHE BRIEF
Xona GPS Startup Funding Round
Xona, a GPS alternative backed by SpaceX board member Steve Jurvetson, raised $250 million at $2.45 billion valuation.
WHAT'S REPORTED
- ▸SpaceX board member Steve Jurvetson backed Xona, which raised $250 million in venture funding. — Forbes
THE BRIEF
ECONOMYTHE BRIEF
UBS Acquires Stake in 360 One WAM
UBS acquired a 4.8% stake in Indian wealth manager 360 One WAM by converting warrants.
WHAT'S REPORTED
- ▸UBS acquired 4.8% equity stake in 360 One WAM by converting warrants, over a year after selling its India wealth business to the firm. — Bloomberg Markets
THE BRIEF
ECONOMYTHE BRIEF
Norway Wealth Fund Bond Market Loss
Norway's sovereign wealth fund posted approximately $30 billion loss after bond market turbulence in Q3.
WHAT'S REPORTED
- ▸The world's largest wealth fund has a current value of around $2.3 trillion after the loss. — CNBC