Usa Financial News

Chandrayaan-3 reached the South Pole of the Moon, a soft landing never attempted by any other country. Indians were jubilant in celebrating this achievement they did not forget a New York Times cartoon that came out six years ago. The cartoon that was published following the success of Mangalyaan mission in 2014, returned to social media after years wherein Indians took a dig at the US-based news paper.

Reliance Industries and HDFC Bank, ahead of the release of Reserve Bank of India (RBI) minutes of the Monetary Policy Committee (MPC) meeting today as well as annual central bank summit in Jackson Hole, Wyoming, on Friday. Officials of the Federal Reserve, the European Central Bank, the Bank of England, and the Bank of Japan are meeting in Jackson Hole, Wyoming, for their yearly conference on central banking. In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong ended in the positive territory.

The “Don’t Extradite Assange Campaign,” dedicated to gathering support against the extradition of Wikileaks founder Julian Assange to the United States, is launching a virtual political rally in the metaverse.

Multiple attorneys have moved in and out of the lawsuit between Ripple Labs, its executives and the United States Securities and Exchange Commission, as signified by court filings on Aug. 23.

R. Kelly’s royalties of more than $500,000 held by Universal Music Group NV must be turned over to his sexual-abuse victims, a US judge ruled.

Relying on Social Security benefits for a comfortable retirement has never been a good plan, but most Americans today think they may not get anything at all.

The largest crypto exchange by trading volume, Binance, is apparently closing its Binance Card – cryptocurrency debit card services – in Latin America and the Middle East, effective from Aug. 25.

bitcoin buffs have a shiny new derivatives playground that cryptocurrency analysts hope will fire up a moribund market. Their new platform is cryptocurrency exchange Coinbase Global, which on Aug. 16 became the first crypto-focused firm to win approval to offer cryptocurrency futures to U.S. retail customers. It's early days. But crypto markets are excited by the possibility that the first regulated and listed crypto firm to offer futures trading to U.S. retail investors might revive a shrinking $2 trillion cryptocurrency derivatives market. «Coinbase's approval to offer U.S. futures has the potential to rekindle hope and momentum in the market,» said Lucas Kiely, chief investment officer of digital investment platform Yield App.

generic drug names faces execution challenges, said Fitch Ratings in a report on Thursday. The report said that a sizeable erosion in branded generics sales share will affect Indian pharma companies’ profitability, as sharply lower average prices will outweigh potential benefits from lower marketing costs. «Even so, we think the new guidelines are unlikely to trigger an immediate shift away from branded generics,» it said. According to Fitch, the domestic pharmaceutical market is mainly a ‘branded generics’ market in which pharma companies sell off-patented drugs under their own brand names with varying prices among competitors. «Branding and marketing activities remain important in pharma companies’ sales strategy, considering less stringent quality and testing standards than other regulated markets such as the US.

SME Credit Report 2023 released today in collaboration between GetVantage and Redseer Strategy Consultants estimates that a potential US$ 220 Bn credit deficit poses a roadblock to unlocking the economic potential of millions of digitised businesses. Out of the current US$ 220 Bn requirement (as of FY22), Redseer analysts estimate US$ 165 Bn as serviceable when adjusted for sick and commercially unviable businesses. Even after an infusion of US$ 53 Bn in FY22 into the market through various channels, the current working capital deficit stands at US$ 112 Bn.

Japan began pumping more than a million metric tons of treated radioactive water from the destroyed Fukushima Daiichi nuclear power plant on Thursday, a process that will take decades to complete. The water was distilled after being contaminated from contact with fuel rods at the reactor, destroyed in a 2011 earthquake and tsunami. Tanks on the site hold about 1.3 million tonnes of the water — enough to fill 500 Olympic-sized swimming pools.WHAT IS JAPAN'S WATER RELEASE PLAN? The utility responsible for the plant, Tokyo Electric Power (Tepco), has been filtering the contaminated water to remove isotopes, leaving only tritium, a radioactive isotope of hydrogen that is hard to separate. Tepco will dilute the water until tritium levels fall below regulatory limits before pumping it into the sea from the site on the coast north of Tokyo. Water containing tritium is routinely released from nuclear plants around the world, and regulatory authorities support dealing with the Fukushima water in this way. Tritium is considered to be relatively harmless because its radiation is not energetic enough to penetrate human skin.

Cryptocurrency exchange Binance is going to suspend its crypto debit card services in Latin America and the Middle East starting from Aug. 25. 

Real estate investment in India is undergoing a revolutionary transformation with more and more Indians choosing serenity, top-of-the-line technology, and sustainability as their primary criteria. These trends are not restricted to residential real estate, but even commercial spaces are reflecting these choices wherein smart technologies and ‘human’ elements are far outweighing traditional choices.

In a move fueled by increasing regulatory uncertainty in the United States, global cryptocurrency exchange Bitstamp has announced to terminate Ethereum staking service for US users. 

Stock market today: Ahead of RBI policy meeting minutes release and US Fed Chairman Jerome Powell's speech at much awaited Jackson Home meeting, which is beginning today, banking and financial stocks are in uptrend for the last two sessions. Bank Nifty index has rallied to the tune of over 950 points in last two day. Barring ?HDFC Bank shares, all Bank Nifty stocks are in green zone.

In this video, we explore the debate surrounding t... moreIn this video, we explore the debate surrounding the environmental impact of hybrid electric vehicles (HEVs) versus battery electric vehicles (BEVs).

equity market was either likely or very likely. The remaining 22 said unlikely or very unlikely. Of 15 stock indices polled on, analysts forecast only four to rise more than 5% by year-end.

historic day for India. The country’s Chandrayaan-3 landed on the lunar south pole. We say this is a historic day for a few reasons.

Vivek Ramaswamy, an unexpected presence just a few months ago – a tech entrepreneur and newcomer to the political arena. Despite trailing behind Trump in the polls, Ramaswamy has steadily risen in recent surveys, securing his position alongside DeSantis at the center stage. His adeptness in leveraging video-ready communication and delivering a well-crafted message became evident as he shared his narrative of humble beginnings, underscoring his parents' immigrant journey and his subsequent founding of billion-dollar enterprises. A notable highlight from the debate was Ramaswamy's bold pledge to grant Trump a pardon if given the opportunity. Expressing his conviction, Ramaswamy unreservedly labeled President Trump as the standout leader of the 21st century.

In the international markets, Spot gold rose 0.3% to $1,920.60 per ounce after hitting its highest level since August 10. US gold futures were flat at $1,948.70. However, the October gold futures were trading at Rs 58,790 per 10 grams on the MCX at 10.26 a.m.

Torrent Pharmaceuticals on Thursday said that the US Food and Drug Administration (US FDA) has issued an Establishment Inspection Report (“EIR”) for the company's manufacturing facility at Dahej, Gujarat.EIR means closure of inspection. It said that inspection has now been successfully closed by the US FDA. Earlier in March 2019, the Dahej facility was placed under Official Action Indicated (OAI) by the US FDA. The drug regulator had conducted re-inspection of the site in May this year from 17-25-May and issued Form 483 with 2 observations, the company said in a statement.