Usa Financial News

external debt was placed at $663.8 billion, an increase of US$ 39.7 billion over its level at end-March 2023, informed the Reserve Bank of India on Tuesday. If the valuation effect were excluded, external debt would have increased by $48.4 billion instead of $ 39.7 billion. Despite the rise, the country's external debt to GDP ratio declined to 18.7 per cent at end-March 2024 from 19 per cent at the end of March 2023. The ratio comprises both government and non-government Debt. As per the data provided by the central bank, the government's external debt stood at 4.2 per cent of GDP while the non-government sector's external debt was placed at 14.5 per cent. «US dollar-denominated debt remained the largest component of India’s external debt, with a share of 53.8 per cent at end-March 2024, followed by debt denominated in the Indian rupee (31.5 per cent), yen (5.8 per cent), SDR (5.4 per cent), and euro (2.8 per cent),» said country's central bank in the statement.

Millions of working Americans remain challenged by the cost of living in 2024, with many concerned about the long term impact on their finances.

Bitcoin (BTC), the world’s oldest and most valuable cryptocurrency, has struggled to halt its downward trend, falling below the $61,000 level and hitting an intraday low of $58,890. BTC has since recovered and is now trading above the $61,000 mark.

Pop star Jason Derulo, known for his musical hits and vibrant stage presence, is now under scrutiny for his involvement in a meme coin scam scheme. Despite public assurances that he “WILL NEVER SELL” his newly launched meme coin, JASON, after the meme coin dumped more than 72% after launch, Derulo reportedly sold significant amounts of the token.

The unexpected death of Iranian President Ebrahim Raisi has sent shockwaves through the geopolitical landscape, raising questions about the future of Iran’s political stability and economic policies.

Bitcoin spot ETFs have been experiencing significant net outflows, with the trend continuing for seven consecutive days.

Julian Assange, the co-founder of WikiLeaks, has been freed after reaching an agreement with the U.S. Department of Justice. Assange reached a deal with authorities that will see him plead guilty to violating the Espionage Act.

Crypto could become the predominant “Trump Trade” this election cycle as Republican prospects improve and the party’s leader increasingly supports a pro-crypto stance, Bernstein analysts suggested.

On March 3rd a whale calf washed ashore in Georgia, on America’s east coast, bearing slash marks characteristic of a ship’s propeller. Less than a month later another whale, a recent mother, was found floating off the coast of Virginia. Her back was broken from the blunt-force trauma of a ship collision; her calf, missing and still meant to be nursing, is not expected to live.

₹19.38 crore on Facebook and Instagram, and the Congress spent at least ₹10.88 crore. Similarly, the BJP spent at least ₹85.8 crore, and the Congress at least ₹45.4 crore on Google, including YouTube. The ad repositories of Google and Meta, which are not as transparent as they should be, and only tell part of the story, show that the two companies earned 9-10 digit figures from just two major political parties between February and May 2024.

New York City is the world’s most-congested urban area for the second year in a row, costing the city an estimated $9.1 billion in lost time, a new report shows.

U.S. West Coast refiners are replacing their heavy Iraqi oil imports with cheaper crude from Canada as the newly expanded Trans Mountain pipeline reshuffles trade flows across the Pacific.

In its first major report into the rapidly advancing world of AI, the central banking umbrella group said policymakers need to harness its immense power to monitor data in real time in order to «sharpen» their inflation-predicting abilities.

coffee and sit for six or more hours a day are at almost 60 percent higher risk of dying compared to coffee drinkers who sit for less than six hours daily, according to research published in BioMed Central (BMC) Public Health. Researchers from the Medical College of Soochow University's School of Public Health in China tracked over 10,000 adults in the US for up to 13 years. They found an increased risk of dying for sedentary non-coffee drinkers, a risk not observed among those who drink coffee.

Stock market today: Balaxi Pharma shares witnessed strong buying interest among Indian stock market bulls. The small-cap pharma stock opened upside at ₹120.90 per share and touched an intraday high of ₹129.45 apiece, recording an intraday high of over 7 percent during Tuesday deals.

NEW DELHI : The underwhelming performance of local-language children’s films such as Chhota Bheem and the Curse of Damyaan underscores, once again, the struggles of an underserved genre in India. Trade experts say Indian children, who now have access to Hollywood franchises like the Avengers, no longer fancy substandard fare. The genre, which saw successes such as Chota Chetan, Koi..Mil Gaya and Taare Zameen Par in the 1990s and 2000s, doesn’t command immediate draw as most Indian children watch mainstream films that parents deem appropriate for the entire family.

The future of developing countries is in services. This may sound odd in view of the fact that industrialization has been the traditional road to growth and eventual prosperity, one travelled by all of today’s rich economies and by more recent successes such as South Korea, Taiwan and China. Manufacturing seems even more essential given that industrial policies to revive it are back in fashion in the US and Europe.

Asian stocks rise after another slide for Wall Street heavyweight Nvidia kept U.S. indexes mixed Monday, even as the majority of stocks rallied

U.S. Ambassador Ken Salazar praised Mexico’s effort protect U.S. agricultural inspectors in the conflict-ridden state of Michoacan on Monday, a week after the U.S. suspended avocado and mango inspections following an attack on inspectors

Apple is imposing unfair restrictions on developers of applications for its App Store in violation of a new European Union law meant to encourage competition in the tech industry, regulators in Brussels said Monday. Apple is the first company to be charged with violating the Digital Markets Act, a law passed in 2022 that gives European regulators wide authority to force the largest «online gatekeepers» to change their business practices.

JSW Steel, the steelmaking arm of the $24-billion JSW Group, on Tuesday announced plans to upgrade the manufacturing facility of its US-based subsidiary's Baytown, Texas, facility with an investment of $110 million. The company's US-based subsidiary, JSW Steel USA plans to produce high-quality monopile steel plates that are meant to be used in the planned expansion of offshore wind energy generation, which has a target of deploying 30 gigawatts (GW) by 2030.