Usa Financial News

ArcelorMittal SA, the world's second-largest steelmaker, is considering a potential offer for U.S. Steel Corp, three people familiar with the matter said on Wednesday. The combination would reverse ArcelorMittal's retreat from the United States as a production base after it sold most of its operations to Cleveland-Cliffs Inc in 2020 for $1.4 billion to focus on growing markets such as India and Brazil.

Read here: China's real estate giant Evergrande files for bankruptcy protection in US, seeks restructuring deal Dalio’s $125 billion hedge fund Bridgewater Associates, in which he is also a member of the operating board, is an investor in China and also offers funds for Chinese investors. Last year, Bridgewater doubled its fund assets in China to more than 20 billion yuan ($2.74 billion), cementing its position as the biggest foreign hedge fund in the country, Reuters reported.

dollars faced a fifth straight week of losses on Friday as angst over China's ailing economy and surging U.S. bond yields saw support steamrolled by bearish bets. The Aussie was pinned at $0.6411, having shed 1.3% for the week so far to hit a nine-month trough of $0.6365.

rates staying higher for longer as long-term bond yields surged. MSCI's broadest index of Asia-Pacific shares outside Japan were up 0.1% after hitting a nine-month low the session before. It was, however, headed for a weekly loss of 2.8%, the third straight week of declines.

Wall Street's main indexes closed lower after choppy trading on Thursday as losses in healthcare stocks eclipsed gains in Cisco and energy stocks, while upbeat economic data kept alive fears of interest rates remaining higher for longer. Weighing heavily on the S&P 500, CVS Health tumbled 8% on news that Blue Shield of California plans to cut its reliance on the company as its pharmacy benefit manager (PBM) and work with others including Amazon.com. Shares of major health insurers UnitedHealth and Cigna, which also have PBM units, dropped by 1.9% and 6.4% respectively, pushing the broader S&P 500 healthcare index 0.8% lower.

The lineage is named BA.2.86, and has been detected in the United States, Denmark and Israel, the CDC said in a post on messaging platform X.

Gold edged up from 5-month lows on Friday as the U.S. dollar and bond yields slightly fell from highs, but bullion was set for its fourth consecutive weekly decline on concerns over the Federal Reserve's higher-for-longer interest rate outlook. FUNDAMENTALS * Spot gold gained 0.2% to $1,892.70 per ounce by 0141 GMT, after touching its lowest since mid-March on Thursday.

The United States Securities and Exchange Commission has been granted a motion to seek assistance from South Korea to question Terraform Labs co-founder Daniel Shin — as it builds its case against the firm and co-founder Do Kwon. 

The price of Ether (ETH) surged around 11% to $1,700 following news that the United States Securities and Exchange Commission is set to allow the first exchange-traded funds (ETFs) based on Ether Futures.

Indian stock market is expected to open lower on Friday following selloff in global markets as rising treasury yields weighed on investors’ risk appetite. The Asian markets traded lower following an overnight decline on Wall Street after the treasury yields spiked. Concerns over China’s economic slowdown resurfaced and sentiment weakened after property developer Evergrande filed for bankruptcy protection in the US.

Indian Space Research Organization (ISRO) on Thursday announced that the Chandrayaan 3's ‘Vikram’ lander module of the spacecraft has successfully separated from the propulsion module. The ‘Vikram’ lander module was with the propulsion module for the last month in their journey from India's Sriharikota to Earth's satellite Moon.

₹1,510.86 crore. DIIs after investing in the domestic market for straight-four sessions sold shares for ₹313.97 crore.More data came in Thursday showing a firm U.S.

Elon Musk on Thursday called entrepreneur Vivek Ramaswamy a ‘promising candidate’ for the 2024 US presidential election. He responded to a clip of Ramaswamy, shared on X (formerly Twitter), on Tucker Carlson’s online show. “He is a very promising candidate," said Elon Musk in a post on X.

By Bianca Flowers

China Evergrande, which is the world's most heavily indebted property developer and became the poster child for China's property crisis, on Thursday filed for protection from creditors in a US bankruptcy court. The company sought protection under Chapter 15 of the US bankruptcy code, which shields non-US companies that are undergoing restructurings from creditors that hope to sue them or tie up assets in the United States. An affiliate, Tianji Holdings, also sought Chapter 15 protection on Thursday in Manhattan bankruptcy court.

Abu Dhabi National Energy Co. PJSC (TAQA) is looking to double down in India and is evaluating a large exposure in the expansive power businesses of Gautam Adani that span thermal generation to transmission, clean energy and green hydrogen, said people aware of the matter. TAQA, among the largest integrated utilities in Europe, West Asia and Africa and also the second largest stock on Abu Dhabi Securities Exchange (ADX), is keen to deploy $1.5-2.5 billion in Adani Group firms or in a single entity, said the sources mentioned above.

By Sudarshan Varadhan

«The escalation of US bond yields is expected to limit the influx of foreign investments into the Indian market, further impacting market dynamics,» said Vinod Nair, Head of Research at Geojit Financial Services. «The market has been witnessing pressure on account of weak global cues especially because of the faltering of the Chinese economy and Fitch's warning to downgrade US mid sized banks. We expect this weakness to persist in the market in the near term in the absence of any positive trigger,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Option data suggests a broader trading range in between 19000 to 19700 zones while an immediate trading range was in between 19200 to 19500 zones. Here's breaking down the pre-market actions:STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a positive startGIFT Nifty on the NSE IX traded 16.5 points, or 0.09 per cent, higher at 19,299.50, signaling that Dalal Street was headed for positive start on Friday.

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

The $US3.5 billion-plus auction for BHP’s Blackwater and Daunia mines is creating a corporate stoush in an unexpected place: Whitehaven Coal.

Commonwealth Bank will launch a new payments service known as Powerboard next month, as it ramps up its competitive response to US fintechs Stripe and Block, and protects its grip on retail transaction data from Silicon Valley disruptors.