Foreign Portfolio Investors (FPIs) turned buyers for the first time in September, despite the roll-back of the tax surcharge on them. Russian President Vladimir Putin promised to finance new infrastructure in Mongolia. Dubai Investments Park (DIP) is increasing its investments in development. India's Finance Minister's budget promises investments, agriculture sector transformation, infrastructure expansion, digitization, and creating a $5 trillion economy. US banks including JPMorgan Chase, Wells Fargo, Goldman Sachs, and Morgan Stanley hiked their dividends. Sri Lanka's Parliament approved a proposal to restructure domestic debt. German firms experienced a rise in insolvency due to the energy crisis, inflation, and rising interest rates. Sales of new US single-family homes reached a 1-1/2 year high in May due to a lack of previously owned homes available.
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