Usa Financial News

Hindalco Industries.The aluminum producer filed its draft papers with the US Securities and Exchange Commission (SEC) where it said that its parent company is targeting to raise up to $945 million by offering 45 million shares at a price range of $18 and $21 each. Hence, the IPO price band is estimated to be between $18 and $21, Novelis said in its filing with the US SEC.Billionaire Kumar Mangalam Birla-ownedHindalco is one of India's biggest aluminium manufacturing company and the world's largest flat-rolled products player and recycler of aluminium.

Silver rallied strongly by Rs 3,100 to Rs 95,950 per kg in the national capital on Tuesday, while gold went up Rs 130, in line with strong global trends. According to HDFC Securities, rising for the second straight session, silver prices surged Rs 3,100 to nearly a two-week high of Rs 95,950 per kg. It had closed at Rs 92,850 per kg on Monday. Meanwhile, the yellow metal prices climbed Rs 130 to Rs 72,950 per 10 grams. It had finished at Rs 72,820 per 10 grams in the previous session.

Investors up and down Toronto’s Bay Street are increasingly betting on a June rate cut in Canada, potentially giving a boost to Canada’s long-suffering bank stocks.

Bank of Nova Scotia beat analysts’ estimates as it saw continued momentum in its wealth-management and capital-markets businesses.

One in three voters in the United States considers a candidate’s position on cryptocurrencies before making their voting decision.

Federal Reserve Bank of Cleveland President Loretta Mester said the US central bank should consider ways to better communicate to the public how economic conditions will affect future policy decisions.

Bitcoin fell as traders monitored transfers by wallets belonging to the failed Mt. Gox exchange, whose administrators have been stepping up efforts to return a $9 billion hoard of the largest digital asset to creditors.

Investors in the UK can now trade exchange-traded products that track Bitcoin and Ethereum through the London Stock Exchange, as the country narrows the gap with other financial leaders in digital assets.

₹35,000 crore in May so far. This move is attributed to multiple factors, including high valuations in the Indian market, a shift in investment focus towards China and Hong Kong due to their comparatively lower valuations, delays in anticipated interest rate cuts by the US Federal Reserve, rising US bond yields, heightened tensions in the Middle East, and the strength of the US dollar.Despite these significant outflows, the Indian stock market has displayed remarkable strength and resilience.

—Vangmayi ParakalaA while ago, I embarked on an exercise I call “The Agatha Christie Project" in my head. I re-read a Christie novel, watch available adaptations, and listen to the related episode on All About Agatha, a podcast dedicated to discussing every novel and short story written by the Queen of Crime. As far as Christie podcasts go, this is the definitive one, going into the minutest details of every mystery and ranking each novel for elements like plot mechanics, plot credibility, characterisation, setting and tone and how stuck in its time it is.

Ayatollah Ali Khamenei, the lead-up to the early vote on June 28 has prompted a diverse array of hopefuls from various political factions to enter the fray.The registration for presidential candidates will start on Thursday.Iranian lawmakers on Tuesday reaffirmed their choice of former Revolutionary Guards commander Mohammad Baqer Qalibaf as the speaker of parliament. Qalibaf had been touted as a potential candidate in the presidential race by insiders and Iranian state media, AP reported.Also Read: Who was Ebrahim Raisi? Protégé of Iran's supreme leader Ali KhameneiUltraconservative Raisi, who had over a year remaining in his first term, passed away on May 19 in a helicopter crash, along with his foreign minister Hossein Amir-Abdollahian and six others.

«2024 is expected to be a golden year for cryptos. As an election year in many countries, government spending is likely to skyrocket, compelling central banks to reduce interest rates. The US Federal Reserve is most likely to cut interest rates by 25bps in September. The markets will be awash with liquidity and most asset prices including Bitcoin will go to the moon,» says Rajagopal Menon, Vice President, WazirX in an interview with Economictimes.com. Edited excerpts With Bitcoin's momentum gaining traction post-halving, what factors do you believe are driving this upward trend? Rajagopal Menon: The upward trend in Bitcoin's price after the recent halving event can be attributed to several factors such as Institutional demand from entities like ETFs and banks such as JPMorgan. A wall of money from Registered Investment Advisors (RIAs) is expected to hit the markets later this year. Additionally, the expected lower interest rates and increased liquidity due to increased government spending have also contributed to the bullish sentiment. Furthermore, Bitcoin has historically exhibited a cyclical pattern, with a parabolic rise occurring approximately 60 days after each of the last three halvings, following a period of sideways movement.

MicroStrategy head and Bitcoin advocate Michael Saylor has highlighted major Bitcoin ETF milestone in his recent X (Twitter) post. He noted that more than 1 million (or 1 Nakamoto) BTC are held in spot Bitcoin exchange-traded funds (ETFs).

Defunct crypto exchange Mt. Gox transferred about 137,000 Bitcoin, valued at roughly $9.3b, in early Asian hours on Tuesday, according to data from Arkham Intelligence. These massive transfers were sent to a single anonymous wallet, ahead of Mt. Gox’s schedule to reimburse BTC holdings to creditors by October.

The Conference Board on Tuesday issues its consumer confidence index for May

Shares are mixed in Asia after U.S. markets were closed for the Memorial Day holiday

Bird flu has been detected in beef for the first time, but the U.S. Department of Agriculture says the meat from a single sickened dairy cow was not allowed to enter the nation's food supply and beef remains safe to eat

The Mexican president offered to buy its property on the Caribbean coast.

Google’s search engine used to spit out a ranked list of websites that might help you figure out an answer to your question

Ohio’s historical society is close to gaining control of ancient ceremonial and burial earthworks now maintained by a country club where its members golf alongside the mounds

The U.S. State Department has set up an eight-person team known as “the firm” to provide help to countries cut off from Chinese trade