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Kotak Mahindra Capital Reclaims Top Spot in India ECM League Table

Kotak Mahindra Capital Co. reclaimed the No. 1 position in India’s equity capital markets league table for the first half of the year, according to Bloomberg.The move puts Kotak in position to lead a year expected to feature the country’s largest-ever initial public offerings in the pipeline.

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China PMI Shows Relatively Constructive June Picture, BofA Says

China’s factory and non-manufacturing activity fared better than expected in June, according to Bloomberg.BofA’s Helen Qiao said supply-side factors have been “pretty resilient for some time,” but the key question is demand, including consumption and investment.

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Economy
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Warren Buffett Pauses Midyear Donation to Gates Foundation, WSJ Reports

Warren Buffett has paused his routine midyear donation to the Gates Foundation for the first time in 20 years while awaiting the outcome of an investigation into the foundation’s links to the late U.S. financier and sex offender Jeffrey Epstein, according to Ming Pao, citing The Wall Street Journal…

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