City Richmond Financial News

rupee posted its biggest one-day gain in more than two months on Wednesday, traders said, likely due to dollar inflows into the equity markets while state-run banks also sold the greenback. The rupee closed up 0.3% at 82.6850 to the dollar, compared with its close of 82.9350 in the previous session. State-run banks selling the greenback, especially in the last hour or so, pulled the pair down, a trader with a state-run bank said. In a move to reduce pressure on the local unit, India's central bank has also asked some banks to stop taking fresh arbitrage positions in the non-deliverable forwards (NDF) market, sources told Reuters. «I have been hearing about IPO and QIP flows but difficult to know for sure in this kind of price action,» a senior forex trader at a private bank said. The rupee managed to hold above 83 despite the dollar's advance against most Asian peers. A move higher on near-maturity U.S. Treasury yields hurt demand for Asian currencies, while the dollar index hovered near 103.90. A resilient U.S.

Gold prices gained on Wednesday, as a slight pullback in U.S. dollar and Treasury yields helped bullion stabilise near a key $1,900 level ahead of a central bankers' gathering that would likely provide cues on interest rates outlook. FUNDAMENTALS * Spot gold was up 0.2% at $1,900.30 per ounce by 0123 GMT, while U.S.

By Howard Schneider

DonorsChoose has seen a banner year for donations in 2023, setting records by collecting nearly $10 million during Teacher Appreciation Week in May

Two cities in southern Ontario that share a partial border have taken the number one spots for the rudest and politest cities in Canada.

The benchmark U.S. 10-year Treasury yield rose as high as 4.198% during the session, the highest since November, extending its climb from a day earlier following Fitch's downgrade of the top-tier U.S. credit rating.

Officials say a Kentucky-based indoor farming company that was backed by Martha Stewart when it began shipping tomatoes in early 2021 has filed for bankruptcy

Australia says it will buy 20 new C-130 Hercules planes from the United States in a $6.6 billion deal that will increase by two-thirds the number of the Australian air force’s second-largest heavy transport aircraft

Canadian authorities have reported several incidents of robbery “whose victims are high-value cryptocurrency investors.” As a result, the country's federal police service issued a warning about this potential trend of home invasion-style burglaries targeting crypto investors.

A Canadian police department has issued a public warning of a possible trend where high-value cryptocurrency investors are being robbed in their own homes.

Police in Richmond and Delta, B.C., are warning the public of a disturbing trend of high-value cryptocurrency investors being targeted for home invasions.

Also read: Johnson & Johnson proposes nearly $9 billion settlement of talc cancer claims The $18.8 million award to Valadez could complicate J&J's efforts to convince other talc victims to accept an $8.9 billion settlement offered as part of the bankruptcy case filed by its LTL Management unit. This settlement was intended to cover all existing and future lawsuits alleging that J&J knowingly sold talc-based baby powder containing asbestos.

The famous haunting in Britain that has inspired many films, television shows, and plays, including the movie The Conjuring 2, will now be the subject of another play in the UK. Called The Enfield Haunting, the stage play stars Doctor Who actor Catherine Tate along with David Threlfall of Shameless fame. The Enfield Haunting is a new play based on the Enfield poltergeist of 1977, one of the most known and allegedly real poltergeist events in the world.

Investing.com — It’s one thing to run ahead of the pack. It’s another to do so with blinkers on, as oil bulls demonstrated Wednesday, charging into higher territory by ignoring bearish U.S. inventory data and a Fed official’s caution that cooling inflation did not mean the central bank was ready to stop rate hikes.

Investing.com — Stocks rose on Wednesday after evidence that inflation cooled more than expected in June stoked hopes that the Federal Reserve could get to the end of its interest rate increases sooner rather than later.

A federal appeals court has again blocked construction on a segment of a contentious natural gas pipeline being built through Virginia and West Virginia

Vanarama National League kicks off on August 5. All preparations have been made and the clubs are gearing up for the showdown with their arch rivals. Chesterfield host Dorking Wanderers at the SMH Group Stadium. Hartlepool United will take on Barnet while Boreham Wood will face Gateshead. On the other hand, York City meet Wealdstone while Altrincham face Dagenham & Redbridge. Eastbourne Borough will play against Hampton & Richmond on the inaugural day of the tournament. Chelmsford City will take on Farnborough, Aveley will play against Chippenham, and Truro City against Welling. Title hopefuls Maidstone United will take on St Albans City. The National League is called the Vanarama National League for sponsorship reasons. Clubs like Chesterfield, Oldham Athletic, Rochdale, York City, and Southend United take part in this league. Initially, called Alliance Premier League, it was launched in 1979. BT Sports will broadcast it live while FreeSports will show the highlights. National League has its own official website.

Blockchain and smart-contract platform Chia Network has confidentially submitted a draft registration statement to the Securities and Exchange Commission, moving a step closer to a US initial public offering.

The Chia Network blockchain said April 14 that it had submitted a proposal for an initial public offering (IPO) to the United States Securities and Exchange Commission (SEC). The size and price range of the offering have not been determined, the company said. The proposal was submitted confidentially and the announcement was made under a Securities Act of 1933 rule to allow limited information to be released to measure investor response.

The Federal Reserve’s fight against inflation isn’t over even though price-pressure readings have moved in the right direction recently, Federal Reserve Bank of Richmond President Tom Barkin said.

Despite positive inflation data this week, Richmond Federal Reserve President Thomas Barkin said Friday that more interest rate increases will be needed to tamp down price pressures.