Usa Financial News
25.01 / 19:43
economics
Federal Reserve
GDP
Quilter Investors
Global
Neil Birrell
Premier Miton Investors
US economic growth beats forecasts at 3.3% but rate cuts uncertainty lingers
The Fed will likely delay the timing of the first cut further, potentially clashing with the presidential election in November.
25.01 / 19:43
VCTs/EIS
VCT fundraise
EIS
Fuel Ventures VCT launches debut £50m fundraise
The VCT will build on the manager’s track record of investing in early-stage marketplaces, platforms and Software as a Service (SaaS) businesses, and co-invest in its existing EIS funds.
25.01 / 19:13
25.01 / 18:41
markets
COST
UPS
Election
country
reports
Courts
Six business jets on way to Adani Group
₹300 crore to buy all six aircraft," said a top executive at a private jet operator company on the condition of anonymity. “The plane can fly to any part of the country and can also land on difficult runways under difficult conditions. So, it is an apt aircraft for domestic usage." The executive added that if the company had decided to buy new airplanes, six new Pilatus PC-24 would have cumulatively cost around ₹450 crore.
25.01 / 18:39
Aware
economy
pandemic
country
Can Centre’s capex frenzy continue unabated?
Mint explores the Centre’s options to keep infra investment going. In the 2016-17 budget, the Centre allocated just ₹2.47 trillion for infrastructure. In 2023-24, this had quadrupled to ₹10 trillion.
25.01 / 18:38
Waves
Digital
ETF
Bitcoin
stage
Has the time come for governments to recognize cryptocurrencies?
Governments: They see bitcoin as a direct threat to their ability to control finances and influence monetary policy. Crypto assets were created with the explicit purpose of keeping them outside governmental control. Hence, the unease of any government is obvious.
25.01 / 18:37
markets
Trade
track
Bank Nifty rollovers surge
₹1,434.90. Tepid results by Kotak Bank, IndusInd and Axis Bank have added to the bearishness as the results came in-line, or below Street expectations. Heavy selling in banking stocks dragged down the weightage of financial services sector on the Nifty 50 to 33.43% on 18 January from 35.26% on 29 December.
25.01 / 18:36
markets
UPS
Target
economy
information
Oil prices rise 2% driven by Red Sea tensions, US crude stock draw; Brent reaches $81/bbl
₹6,359 per bbl, having swung between ₹6,208 and ₹6,378 per bbl during the session, against a previous close of ₹6,253 per barrel. Also Read:India's crude oil output down 1.03% to 2.5 MMT in December, imports rise 1.1% YoY: PPAC -The US crude stockpiles tumbled by 9.2 million barrels last week, said the Energy Information Administration (EIA). The draw was driven by a stark drop in US crude imports as winter weather shut in refineries and kept motorists off the road.
25.01 / 18:31
25.01 / 18:31
25.01 / 17:44
markets
Citi
Provident
CEO
Fighting
economy
Department
US economy grew faster than expected during the 4th quarter
Blackstone Chairman, CEO and co-founder Stephen Schwarzman provides his 2024 economic outlook, his thoughts on commercial real estate, capital market activity and downside risks to A.I.
25.01 / 17:37
markets
COST
Food
country
Department
guidelines
India begins commercial export of pomegranates to the USA
India has begun commercial export of pomegranates to the USA after it lifted the export ban in 2022. The government expects this move to open a big market for the Indian pomegranates, a fruit which is being increasing preferred by consumers across the world for its health benefits.
25.01 / 17:37
markets
COST
security
Strategy
economy
CME
Gold gains as US Treasury yields drop after US GDP data
Gold edged higher on Thursday as Treasury yields fell after US GDP data highlighted that pace of inflation fell, while focus shifted to PCE data for further hints on the Federal Reserve's interest rate cut strategy. Spot gold rose 0.5% to $2,022.84 per ounce by 10:14 a.m. ET (1514 GMT).
25.01 / 17:25
COST
students
Universities
country
Colleges
International
Destinations
As Canada announces 2-year cap, a lowdown on overseas study options for Indian students
Canada has recently announced a two-year cap on new international student visas amid an escalating housing crisis, a move likely to impact Indian students. Nearly 40 percent of the total number of international students in Canada are from India. Among all the foreign destinations, Canada ranks at number one for Indian students studying overseas.
25.01 / 17:11
Uniswap
Shitcoin
Biggest Crypto Gainers Today on Uniswap – $CHECKS, $VV, $BIDEN2024
$CHECKS, $VV and $BIDEN2024 are the biggest crypto gainers today on Uniswap, as the broader market downturn worsens.
25.01 / 17:09
25.01 / 16:58
markets
COST
UPS
economy
President
show
US dollar up slightly after GDP data; euro falls after ECB, Lagarde comments
dollar edged higher on Thursday after data showed the world's largest economy grew at a faster pace than expected in the fourth quarter, suggesting the Federal Reserve would be in no rush to cut interest rates amid a generally stable economy. The dollar index, a gauge of the greenback's value versus six major currencies, was last up 0.1% at 103.37. The euro, on the other hand, fell against the dollar, after mixed comments from European Central Bank President Christine Lagarde.
25.01 / 16:44
25.01 / 16:19
Citizens
Remark
country
reports
Investigations
International
"Pakistan will reap what it sows": India refutes Pakistan foreign ministry's assassinations claim
India's external affairs ministry on Thursday called Pakistan foreign ministry's assassination remark false and malicious in an official press release. In response to media queries regarding remarks made by Pakistan Foreign Ministry, the official Spokesperson, Randhir Jaiswal said, «We have seen media reports regarding certain remarks by Pakistan Foreign Secretary.
25.01 / 16:19
UPS
Action
Fighting
reports
Schools
Courts
US lenders drag Byju’s to bankruptcy court in India
bankruptcy court in India to initiate insolvency proceedings against Byju’s, exacerbating the challenges for a company which is desperately scouting for funds to keep operations running amid a slowdown in the edtech sector and regulatory scrutiny. The lenders have been in negotiation with the company over prepayment of a $1.2 billion term loan taken by its US subsidiary, Byju's Alpha, even as the two sides also continued to fight a legal battle in US courts.
25.01 / 15:41
COST
IPO
CEO
performer
reports
testing
Flipkart to lay off 5% or 1,000 employees as part of annual performance review: Report
Moneycontrol on January 25. The Bengaluru-based e-commerce giant had around 22,000 people on its payroll, including employees from e-commerce fashion portal Myntra. According to the report, Flipkart undertakes these performance-based job cost cuts every year and this fresh reduction is just a regular process.
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