Morning Bid: Yen stuck in twilight zone

Mortgage rates retreated to a new one-month low this week as bond yields softened in the wake of the historic midterm elections in which Democrats reclaimed control of the House and Senate. The average rate on 30-year fixed home loans drifted down to 7.18% for the week ending Nov. 5, down 6 basis points from…

News Published: Thursday, September 17, 2026, 18:22 [IST] The leadership succession at Tata Sons, the holding company of the Tata Group, has turned into a major governance dispute after Tata Trusts challenged the board’s decision to give N Chandrasekaran another five-year term as chairman. The confrontation comes at a critical time for the conglomerate, with…

A record $166 billion of domestic institutional inflows over the past 22 months has transformed the ownership of India’s stock market. Domestic institutional investors now hold 21% of the Nifty 500—an all-time high—compared with 17% for foreign institutional investors, signalling that Indian equities are increasingly being driven by domestic rather than overseas capital, according…

Key insight: A new funding structure issued by the Department of Housing and Urban Development would have severely limited grants and excluded most existing fair-housing groups from receiving what remained. What’s at stake: Judge Myong Joun said HUD’s explanation for the changes “falls woefully short” and failed to account for organizations’ reliance on federal funding….

Key insight: Costs and retention are challenging banks that are competing in the high-end card market.  What’s at stake: Several financial institutions, including American Express, Barclays, Citi, and JPMorganChase, target the upper end of this luxury market, while others like Capital One and U.S. Bank offer high-end cards with somewhat lower annual fees. Forward look:…

The majority, 88%, of mortgage brokers have said lenders have been slow to keep up with modern borrower circumstances as non-standard finances are set to become the new normal. A survey conducted by Nottingham Building Society as part of its The Doorstep Divide report found that 68% expected to see more instances of people…