Page 3 - S&p
Half of all large-cap funds underperform index on one-year returns
Underperformance of active funds could further spur growth in ETFs
 "Half of all large-cap funds underperform index on one-year returns")
S&P lowers Sri Lanka's sovereign rating to 'CC' indicating looming default
Suspension of external debt servicing by country triggers action
 "S&P lowers Sri Lanka's sovereign rating to 'CC' indicating looming default")
Russia plans legal action as S&P says it's defaulted on its foreign debt
Russia attempted to pay in rubles for two dollar-denominated bonds that matured on April 4, S&P said in a note on Friday
 "Russia plans legal action as S&P says it's defaulted on its foreign debt")
Wall St update: Nasdaq slides 1% as surging yields hit growth stocks
Hip stocks have been among the worst casualties of the tech sell-off, down 22% so far this year compared to the 13.5% decline in Nasdaq
 "Wall St update: Nasdaq slides 1% as surging yields hit growth stocks")
Nasdaq slides 2% as tech rout deepens ahead of Fed minutes
High-growth stocks, whose valuations stand to be pressured by higher bond yields, bore the brunt as the benchmark 10-year yield hit a three-year high
 "Nasdaq slides 2% as tech rout deepens ahead of Fed minutes")
Wall Street update: Nasdaq, S&P rise on tech boost after Biden-Xi talks
FedEx falls on lower-than-expected quarterly earnings; Moderna up on seeking FDA authorisation for second booster
 "Wall Street update: Nasdaq, S&P rise on tech boost after Biden-Xi talks")
Wall Street surges on Ukraine peace talks, looming Fed rate hike
Big banks rise in anticipation of interest rate hike; China ADRs surge on Beijing's move to support markets
 "Wall Street surges on Ukraine peace talks, looming Fed rate hike")
Nasdaq, S&P 500 slip as tech drags at end of choppy week
Meta shares drop as Russia opens criminal probe; all three major indexes tracking weekly losses
 "Nasdaq, S&P 500 slip as tech drags at end of choppy week")
Economic growth at 7.8%, oil price rise a dampener: S&P Global Ratings
S&P believes that heightened market risk could also pull capital out of Asia's emerging markets, hitting currencies, and raising funding costs.
 "Economic growth at 7.8%, oil price rise a dampener: S&P Global Ratings")
S&P upgrades Adani Int Container's credit profile, affirms 'BBB-' rating
AICTPL is a 50-50 joint venture between Adani Ports and Special Economic Zone Ltd and Terminal Investment Ltd
 "S&P upgrades Adani Int Container's credit profile, affirms 'BBB-' rating")
Tata Steel can acquire NINL without sacrificing rating headroom: S&P
Tata Steel's debt is expected to continue to decline over the next two years, despite the Rs 12,100 crore deployed for the acquisition of NINL
 "Tata Steel can acquire NINL without sacrificing rating headroom: S&P")
S&P downgrades Future Retail to 'D' after company fails to clear dues
Future Retail Ltd failed to make the principal payments due on its restructured domestic bank borrowings on December 31, 2021.
 "S&P downgrades Future Retail to 'D' after company fails to clear dues")
S&P upgrades outlook on Axis Bank to positive on improved asset quality
Private lender's loan growth and profitability should improve as economic activity gains pace in India, says agency.
 "S&P upgrades outlook on Axis Bank to positive on improved asset quality")
S&P lowers Sri Lanka rating to 'CCC' citing greater sovereign default risk
At the same time, the rating agency affirmed 'C' short-term credit rating
 "S&P lowers Sri Lanka rating to 'CCC' citing greater sovereign default risk")
S&P 500 scores record high on retail sales cheer; Dow rises 270 points
The Nasdaq Composite added 196.73 points, or 1.26%, at 15,850.10
 "S&P 500 scores record high on retail sales cheer; Dow rises 270 points")
Wall Street rebounds from Omicron selloff after strong Nike, Micron results
The Dow Jones Industrial Average rose 539.76 points, or 1.55%, to 35,471.92, the S&P 500 gained 72.79 points, or 1.59%, to 4,640.81
S&P keeps India GDP growth forecast unchanged at 9.5% in FY22
S&P Global Ratings on Tuesday kept India's economic growth forecast in the fiscal year to March 2022 unchanged at 9.5 per cent but raised its predictions for the subsequent year on broadening out of the recovery. The Indian economy had shrunk by 7.3 per cent in 2020-21 fiscal (April 2020 to March 2021) as pandemic induced restrictions battered business activity. The gradual lifting of the restrictions has helped the economy to rebound from pandemic lows. "India is learning to live with the virus. Following the peak in COVID-19 cases around mid-year, the stringency index has declined, mobility has recovered, and consumer and business confidence has improved," S&P Global Ratings said in a report. Rising inflation is a pressure point, unlike elsewhere in emerging Asia. But external demand continues to support growth. Recent high-frequency indicators such as the October services purchasing managers' index reading of 58.4 suggest a strong recovery is underway. "We leave our growth .
 "S&P keeps India GDP growth forecast unchanged at 9.5% in FY22")
S&P, Nasdaq enjoy boost from big tech firms; Dow Jones dips
The S&P 500 gained 15.01 points, or 0.34%, to 4,486.38 and the Nasdaq Composite added 124.47 points, or 0.84%, to 15,021.81
Wall Street ends higher as Goldman rounds out parade of strong bank results
The Dow Jones Industrial Average rose 384.83 points, or 1.10%, to 35,297.39
 "Wall Street ends higher as Goldman rounds out parade of strong bank results")
Four Indian entities among 20 largest Asia Pacific banks in Q3:S&P analysis
HDFC Bank was ranked seventh with a market cap of $119 billion
 "Four Indian entities among 20 largest Asia Pacific banks in Q3:S&P analysis")
