Usa Financial News
24.01 / 05:03
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SIAT 2024: BorgWarner showcases electrification portfolio
American component supplier BorgWarner is showcasing its latest electrification products at the Symposium on International Automotive Technology (SIAT) 2024, held at the Pune International Exhibition and Convention Center, between January 23-25.
24.01 / 05:03
24.01 / 04:57
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Axis Bank shares fall 5% post Q3 earnings. Should you buy, sell or hold?
Axis Bank shares fell over 5% to the day's low of Rs 1,034.75 on Wednesday notwithstanding its December quarter earnings which were higher than what Street expected. Positive commentary by a couple of top brokerages failed to cheer the investors as selling pressure in top banking counters prevailed.
24.01 / 04:57
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AI Computers to Drive Next Replacement Cycle in Indian PC Market, says Asus Executive
PCs, will fuel the next replacement cycle for the Indian PC market that has been falling since 2021, according to Taiwanese firm Asus that will launch an AI-powered consumer notebook in the country on Wednesday. “How we are looking at AI PCs is similar to how we looked at smartphones when they first arrived 10 years back,” Arnold Su, vice president, consumer and gaming PC, at Asus India, told ET. “They were different, new, and promised to make our lives easier.
24.01 / 04:45
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Investigations
The European Commission launches an in-depth look at competitive costs of the Lufthansa deal for ITA
The European Commission has announced an in-depth investigation of German airline Lufthansa’s planned takeover of Italian carrier ITA Airways citing competitive concerns
24.01 / 04:45
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International
Backpage founder will face Arizona retrial on charges he participated in scheme to sell sex ads
Federal prosecutors in Arizona will retry a co-founder of the lucrative classified site Backpage
24.01 / 04:23
markets
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IPO
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IPO investors call for rules to keep anchors from selling early
initial public offerings are demanding rules what they see as unequal treatment in the rules around how stock is allocated to so-called cornerstone investors in new listings. An overwhelming 87% of 62 institutional investors said anchor investors — who agree to buy IPO shares before the offerings are sold to a broader group — should be required to hold onto their shares for a specified period after the listing, according to a KKR Capital Markets survey in December.
24.01 / 04:23
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Connecting India with Europe: World’s most ambitious trade route stalls in Mideast turmoil
The Israel-Hamas war has halted progress on what’s known as the India-Middle East-Europe Economic Corridor (IMEC)— a project touted last year by Washington and key allies that envisages building new rail links across the Arabian peninsula. As Houthi attacks disrupt Red Sea shipping and turmoil spreads across the region, IMEC is effectively on ice.
24.01 / 03:17
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North Korea fires cruise missiles off west coast, Seoul says
North Korea fired multiple cruise missiles towards the sea off its west coast on Wednesday, South Korea's Joint Chiefs of Staff said, in the latest sign of heightened tensions on the Korean peninsula. The missiles were fired at around 7 a.m. (2200 GMT on Tuesday) and the launches were being analysed by South Korean and U.S.
24.01 / 03:17
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Bitcoin
Bitcoin down 20% from post-ETF highs
Bitcoin has fallen over one fifth since its peak earlier this month, hit after the United States approved its first spot bitcoin exchange traded fund (ETF), as investors who had bought in expectation of the approval sold after the confirmation.
24.01 / 03:17
UPS
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Courts
Rohan Bopanna makes tennis history, becomes oldest player to claim No. 1 spot
Rohan Bopanna, aged 43, just made history by becoming the oldest person to reach the number one spot in men's doubles tennis. Bopanna, teaming up with his Australian partner Mathew Ebden, secured their spot in the semi-finals at the Australian Open in Melbourne. Road to the Top Starting the Australian Open with a career-best ranking of No. 3, Bopanna is on track to be the new No.
24.01 / 02:47
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Gold steadies as traders brace for US economic data
Want to take exposure to a sector which grows much faster than GDP
24.01 / 02:47
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eBay to slash 1,000 jobs, scale back contracts
eBay Inc will cut about 1,000 roles, or an estimated 9% of its current workforce, the e-commerce retailer said on Tuesday. «While we are making progress against our strategy, our overall headcount and expenses have outpaced the growth of our business,» eBay CEO Jamie Iannone said in a letter shared with employees.
24.01 / 01:47
markets
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Research
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D-Street indices tumble as FPI selloff continues
selloff that sent benchmark indices tumbling 1.5%, reflecting the impact of persistent stock sales by overseas funds amid hardening bond yields in the US, the world's biggest market for pricing both debt and risk assets alike.
24.01 / 01:47
markets
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Tech demand in FY25 to be better than this fiscal: TCS' NG Subramaniam
Tata Consultancy Services chief operating officer NG Subramaniam. Though clients are not cutting down on the budgets in the ongoing fiscal 2024, they are optimising every aspect of the business since macro uncertainties remain, he told ET in an interview. “It's difficult to put a number at (the growth next year), because of the way the market uncertainties are. But I feel that FY25 will be a better year than 2023 (FY24),” said Subramaniam.
24.01 / 01:37
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Updates
Houthi attacks in Red Sea raise economic concerns, global trade disrupted | Top 10 updates
Houthi militant attacks that followed the commencement of the Israel-Hamas conflict have not been stopped despite numerous rounds of retaliatory strikes by the US and its allies as well as a multinational naval operation to patrol the waters. Here are top 10 updates on Houthis-Red Sea attack 1) The United States has carried out airstrikes in Iraq targeting facilities used by "Iranian-backed militias" in the country following repeated attacks on US forces, Defence Secretary Lloyd Austin said in a statement on Tuesday (local time).
24.01 / 01:15
24.01 / 01:15
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International
Japanese firms love to invest in India. Here’s why
India remains the top choice for Japanese manufacturing firms looking to invest abroad, Itagaki Shinichi of the state-owned Japan Bank for International Cooperation (JBIC) said in an interview. Itagaki, who directs JBIC’s strategic and geopolitical research, said political pressures and negative images had made China less attractive for Japanese firms, benefiting India. Itagaki said the proportion of Japanese companies with business plans in India has jumped from around 35% in 2021 to 45.8 in 2023, according to a JBIC survey of Japanese manufacturing enterprises conducted in 2023.
24.01 / 00:53
ETF
regulation
Progressive
Bitcoin
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Department
South Korean Authorities Slammed for Taking Crypto Regulation ‘Baby Steps’
South Korea’s financial regulators are taking “baby steps” while US counterparts forge ahead with rapid crypto regulation progress, a new report has claimed.
24.01 / 00:25
markets
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consequences
Risk-off sentiment, US yields fuel selloff in FPI-heavy stocks
Shares of companies with higher foreign ownership have slumped of late as renewed outflows from overseas investors have put the spotlight on these stocks. With the deadline for foreign portfolio investors (FPIs) to comply with the beneficial ownership norms around the corner, analysts said sentiment in several such stocks is jittery.
what's happening in Usa
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In Usa, the spotlight is on socially significant developments that spark public discussion.
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