Usa Financial News

Discount grocer Aldi said Wednesday it's acquiring 400 Winn-Dixie and Harveys supermarkets in the Southern U.S. Under a proposed merger agreement, Aldi will acquire all outstanding shares of Jacksonville, Florida-based Southeastern Grocers Inc., the pa...

You may be familiar with previous technology format wars, whether it be VHS versus Betamax or Blu-ray versus HD DVD

United States Steel Corp. seems poised to be soon purchased by a competitor, with two bidders revealed in a matter of days and more in the wings

The White House is ramping up its efforts to illustrate the real-world impact of President Joe Biden’s signature climate, health care and tax law

Texas on Wednesday approved its plan to require companies to include Tesla's technology in electric vehicle (EV) charging stations to be eligible for federal funds, despite calls for more time to re-engineer and test the connectors. The decision by Texas — the biggest recipient of a $5 billion program meant to electrify U.S. highways — is being closely watched by other states and is a step forward for Tesla CEO Elon Musk's plans to make its technology the U.S.

V S Arunachalam, a former DRDO director general, died in the US on Wednesday, his family said in a statement. He was 87. «With great sadness and a sense of immense loss, we would like to convey the demise of Dr V S Arunachalam.

By Greg Roumeliotis and Emma-Victoria Farr

The Caisse de dépôt et placement du Québec posted a 4.2 per cent return for the first half of 2023 despite volatile market conditions, with contributions coming from a fixed-income portfolio that was boosted by both higher interest rates and infrastructure bets that can act as a hedge against inflation.

Adani Power, IndiGo, Religare, JSW Energy, among others witnessed heavy and selling on BSE during Wednesday's trading session. These stocks were in focus accordingly. US-based boutique investment firm GQG Partners Emerging Market Fund bought equity shares of both Adani Power and JSW Energy though block deal today.

₹1,200-1,300 crore through an initial public offering (IPO). According to the Happy Forgings’s DRHP, the IPO comprises a fresh issue of equity shares worth ₹500 crore and an offer for sale (OFS) of up to 80.55 lakh shares by a promoter and a selling shareholder. Ludhiana-based Happy Forgings may also consider a pre-IPO placement of shares aggregating up to ₹100 crore.

NEW DELHI : Inward foreign remittances to India grew 26% in the last financial year to $112.5 billion, clocking its highest growth in the last five years amid a rebound in economic recovery after the pandemic, showed latest data from the finance ministry. Inward foreign remittances stood at $89.1 billion in FY22, $80.2 billion in FY21, $83.2 billion in FY20, and $76.4 billion in FY19.

Asset management firm Valkyrie has filed for an Ether (ETH) futures exchange-traded fund (ETF) with the United States Securities and Exchange Commission. According to documents on Aug. 16, the application is an addition to the company's previous move to change its investment strategy for a Bitcoin futures ETF in line with the regulator. 

Crypto hardware wallet, Ledger has announced a new PayPal integration that allows its users to buy Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). 

Google Doodle is celebrating the ongoing FIFA Women’s World Cup 2023. The doodle was first unveiled on the opening day and has now been displayed again during the quarter-finals on Wednesday. Hosted by Australia and New Zealand, this marks the ninth edition of the Women’s World Cup. The inaugural women’s football championship by FIFA took place in 1991. Before that, in 1988, FIFA organized an Invitation Tournament in China as a test. Encouraged by its success, FIFA moved forward with plans for an official women’s world championship, though it hesitated to label it as the World Cup back then. The US claimed victory in the first Women’s World Cup, triumphing over Norway 2-1 in Guangzhou. England entered the scene in the 1995 Women’s World Cup, facing Nigeria in a knockout match. They secured a 3-2 win. However, their journey was halted by Germany in the quarter-finals, resulting in a 0-3 loss. Germany advanced to the final but was defeated by Norway, marking the first European nation to clinch the Women’s World Cup. In its celebration, Google recognized the significance of the ninth edition of the FIFA Women’s World Cup 2023. It sent best wishes to all participating national teams, saying, “The world is watching with flags in their hands and hope in their hearts!” Commencing on July 20, the FIFA Women’s World Cup 2023 reached the quarter-final stage on August 11. The final is scheduled for August 20. The Lionesses advanced to the semi-finals by overcoming Colombia in the quarter-finals, putting them two matches away from winning the championship. The team has already secured victories against Haiti, Denmark, China, and Nigeria – but the true challenge lies ahead.

Here's how analysts interpret the market pulse: «Initial concerns arose from the unexpected surge in domestic CPI inflation, primarily due to higher food prices. This brought volatility to the Indian market. However, relief came when this inflation surge appeared transitory, leading to a recovery later in the trading session.

Intel Corp scrapped its $5.4 billion deal to buy Israeli contract chipmaker Tower Semiconductor Ltd after their merger agreement expired without regulatory approval from China. US-listed shares of the Israeli company fell about 11% in premarket trading. Intel, which had decided to buy Tower last year, will pay a termination fee of $353 million to the latter, the company said in a statement.

By Isla Binnie

US Federal Reserve and European Central Bank. Moves up or down in borrowing costs among that august group tend to be in increments of a quarter or half-point. The PBoC has elected to startle markets with a fraction of that.

Visa is under fresh investigation by the US Department of Justice over allegations it is charging retailers more for not using the payment firm's proprietary tokenization technology, Bloomberg News reported on Wednesday, citing people familiar with the matter. The DOJ's antitrust probe against Visa, which began in early 2021, is investigating if the company uses anticompetitive practices in the debit card market.

British defense giant BAE Systems (LON:BAES) is in discussions regarding a potential acquisition of Ball Corporation's (NYSE:BALL) aerospace division, Bloomberg reported Wednesday.

Indian Air Force (IAF) will host a mega multilateral military exercise next year that was originally planned for October. The exercise, 'Tarang Shakti', is likely to be held in the middle of 2024 as a number of participating air forces conveyed to the IAF that they will not be able to join the wargame if it is held this year, sources in the defence and military establishment said on Wednesday. The exercise is expected to witness participation of around 12 air forces and the focus of the wargame will be to improve military cooperation and enhance interoperability, they said. It will be the biggest air exercise being organised in India. It is learnt that air forces of France, the UK, Australia, the US and Japan would participate in the exercise.