Usa Financial News

The consultation comes nearly a year after the collapse of Silicon Valley Bank, when HSBC stepped in to buy the bank’s UK subsidiary for £1 in March.

EU antitrust chief Margrethe Vestager said she met with the chief executives of Apple, Alphabet and Qualcomm to discuss regulation and competition policy compliance, in posts on social media platform X on Friday. Last week, Vestager's communications adviser said she would speak to chief executives of Apple, Alphabet, Broadcom and Nvidia in the United States, focusing on European digital regulation including the Digital Markets Act (DMA) and competition policy.

equities are expected to see a lot of volatility. So most equity investors remain anxious about its impact on their investment.

In a statement, Russia's Permanent Mission to the UN said, «Russia has requested an urgent UN Security Council meeting on January 12 in connection with US and UK strikes on Yemen.» In a statement to TASS, the mission said the meeting was scheduled for 10 am (local time) (3 pm GMT) Russia's decision comes after US military forces, along with the United Kingdom and with support from Australia, Bahrain, Canada, and the Netherlands, carried out strikes against a number of targets used by Houthi rebels in Yemen in the early hours of January 12. UK Prime Minister Rishi Sunak has said that the Royal Air Force has conducted targeted strikes against military facilities used by Houthi rebels in Yemen, calling it «limited, necessary and proportionate action in self-defence.» Rishi Sunak said the UK will always stand up for «freedom of navigation and the free flow of trade.» He stated that the Houthis, despite the repeated warnings from the international community, continue to conduct attacks in the Red Sea, including against UK and US warships just this week. In a statement, Rishi Sunak said, «Despite the repeated warnings from the international community, the Houthis have continued to carry out attacks in the Red Sea, including against UK and US warships just this week.» «This cannot stand.

In the ever-evolving landscape of digital currencies, Bitcoin has once again captured the financial world’s attention. Amid a backdrop of significant market movements, Bitcoin is currently trading at $45,986, marking a decrease of 1.20 percent as of Friday. This recent fluctuation comes on the heels of landmark approvals for Bitcoin Exchange-Traded Funds (ETFs), which have catalyzed a surge in both trading activity and prices.

The recent regulatory approval of 11 Bitcoin (BTC) spot exchange-traded funds (ETFs) has set the stage for an intense battle among asset management firms.

European crypto enthusiasts are on the sidelines watching as the U.S. Securities and Exchange Commission (SEC) approved eleven spot bitcoin exchange-traded funds experiencing FOMO (fear of missing out) – it’s worth noting there are already plenty of products available in Europe.

Houthi military positions in Yemen Thursday night in a massive “direct response” to escalating attacks on vessels in the Red Sea, U.S. President Joe Biden confirmed.The move marks a dramatic escalation of a simmering regional conflict in the Middle East sparked by Hamas’ deadly attack on Israel last October and Israel’s responsive offensive on Gaza.Canada joined Australia, Bahrain and the Netherlands in providing support for the strikes, but the extent of that support was not immediately clear.“These targeted strikes are a clear message that the United States and our partners will not tolerate attacks on our personnel or allow hostile actors to imperil freedom of navigation in one of the world’s most critical commercial routes,” Biden said in a statement provided by the White House.“I will not hesitate to direct further measures to protect our people and the free flow of international commerce as necessary.”The strikes targeted Houthi-connected facilities storing the rebel group’s combat drones and ballistic and anti-ship missiles, as well as air defence systems and logistical hubs in Yemen, U.S.

crypto regulations Mumbai, Reserve Bank Governor Shaktikanta Das on Thursday said the central bank will not emulate others on crypto currency regulations and asserted that «what is good for another market need not be good for us». His remarks come against the backdrop of the US Securities and Exchange Commission approving changes to allow the creation of bitcoin exchange-traded funds in the US. «What is good for another market need not be good for us. Therefore our views — both that of the Reserve Bank and personally that of mine — remain the same,» Das said on crypto currency regulations. He was speaking at a BFSI summit organised by the publication Mint.

SEC) approved US-listed exchange-traded funds (ETFs) that track Bitcoin, Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday warned that crypto mania can have a Tulip mania-like outcome. «We are all familiar with the Dutch term Tulip mania in the Netherlands. I don't think the world, emerging markets in particular, can afford crypto mania which can have a similar outcome,» Das said at Mint BFSI Summit. While making it clear that RBI's position on crypto remains unchanged, irrespective of who does what, Das said, «Just because somebody is doing something, we are not here to emulate them....travelling down that path will create huge risks which, going forward, will be very very difficult to contain.» Paving the way for inflow of billions of dollars in cryptocurrency, the US has approved 11 Bitcoin spot ETFs. For Indian investors, the Bitcoin ETF will provide an opportunity to include crypto in their portfolio via the LRS route.

ETF) to track bitcoin, industry experts predicted that Bitcoin could hit the $200,000-mark. Additionally, inflows of $50-100 billion in Bitcoin ETFs is expected in 2024, they said. Global bank Standard Chartered said in a note, «We expect Bitcoin to enjoy price gains of a similar magnitude as a result of US spot ETF approval, but we see these gains materialising over a shorter (one- to two-year) period, given our view that the BTC ETF market will develop more quickly, This is consistent with our end-2024 view of Bitcoin at the USD 100,000 level.» «If ETF-related inflows materialise as we expect, we think an end-2025 level closer to USD 200,000 is possible. This assumes that between 437,000 and 1.32mn new bitcoins will be held in spot US ETFs by end-2024. In USD terms, this should be roughly USD 50-100bn,» it added. Predicting Bitcoin's price target for 2024, Mudrex CEO Edul Patel said, «It should be a great year for BTC in 2024. The combined effect of ETFs, halving and regulatory clarity drive up demand. It is expected that BTC will cross its previous highs of $69k.»

By Stella Qiu

(Reuters) — The United States and Britain launched strikes from the air and sea against Houthi military targets in Yemen in response to the movement's attacks on ships in the Red Sea, a dramatic escalation of the Israel-Hamas war in Gaza.

Do Kwon, the former CEO of Terra, is seeking a delay in the Securities and Exchange Commission (SEC) trial against him and his former company so he can attend the trial.

Emkay Global Financial Services expects December CPI to come at 5.88 per cent while core inflation, which excludes volatile items like food and fuel prices, may ease to 3.9 per cent. Sujan Hajra, Chief Economist at Anand Rathi Shares & Stock Brokers expects CPI inflation to notch up to 5.72 per cent in December 2023. Global financial firm Barclays estimates that CPI inflation rose modestly in December to 5.6 per cent year-on-year (YoY), driven higher mostly by unfavourable base effects.

Wipro, TCS and HCL Tech traded as the top gainers in the Sensex index. Here are five key factors that appear to have led the Nifty 50 to its fresh all-time high: Most IT stocks jumped to strong gains after the December quarter earnings of TCS and Infosys. The Nifty IT index jumped over 5 per cent to hit its fresh 52-week high of 36,482.25 in morning trade.

Houthi spokesperson says targeting of ships heading towards Israel will continue, after United States backed coalition, including United Kingdom, launches heavy airstrikes across Yemen. The Yemen's Houthi spokesperson also said, “No justification for the US-UK attack on Yemen". The attack by the US and UK on Yemen comes weeks after the Houthi rebels allegedly unleashed disruptive attacks on Red Sea hurting commercial shipping on the trade route.

NEW DELHI : State Bank of India (SBI) has long avoided payment transactions for Russian oil bought by state-run refiners to avert US sanctions that came into force on 5 December 2022, two people aware of the matter said. SBI, India’s largest lender, is the authorized dealer bank for foreign transactions of state-run refiners. The sanctions of the US treasury department’s Office of Foreign Assets Control on maritime transportation of the Russian Federation-origin oil took effect on 5 December 2022, and for seaborne transportation of petroleum products on 5 February 2023.

Asset management giant Vanguard has opted not to allow the purchase of spot Bitcoin exchange-traded funds (ETFs) on its platform, triggering the crypto community.

Shares of electric vehicle giant, Tesla (NASDAQ:TSLA) are down nearly 3% in afternoon trading Thursday morning after it was announced that the company notified workers at its California car plant of pay increases across its US factories.

Investing.com-- Oil prices rose sharply in Asian trade on Friday after U.S.-led forces launched airstrikes against the Iran-backed Houthi group in Yemen, ramping up concerns over more disruptions to Middle East supplies.