Usa Financial News

global macro conditions rebound over time. However, India will continue to benefit from outsized capital allocation and is expected to reach $80-100 billion in annual deployment over the next five years, Bain & Company partner Prabhav Kashyap told ET. This estimate compares to about $39 billion in 2023, as per a report by Bain & Company called India Private Equity Report 2024. Deal activity had reduced about 35% from $62 billion in 2022.

Joe Biden on Wednesday publicly warned Israel for the first time that the U.S. would stop supplying it weapons if Israeli forces make a major invasion of Rafah, a refugee-packed city in southern Gaza. «I made it clear that if they go into Rafah ..., I'm not supplying the weapons that have been used historically to deal with Rafah, to deal with the cities — that deal with that problem,» Biden said in an interview with CNN. Biden's comments represent his strongest public language to date in his effort to deter an Israeli assault on Rafah while underscoring a growing rift between the U.S. and its strongest ally in the Middle East.

As Bitcoin oscillates around $61,368 following a 2.60% decrease, market watchers are closely monitoring the impact of a new $1 billion liquidity fund for Hong Kong’s crypto ETFs. This fund aims to stabilize and perhaps catalyze a bull market in Asia, influencing Bitcoin price predictions across the region.

Paytm Payments Bank (PPBL) has migrated its bill payment business to Euronet Services India, said two people in the know. This comes after the shifting of PPBL’s retail point of sales business to RBL Bank and the settlement business for merchant payments to Axis Bank. Euronet is an American payment technology company handling backend settlement systems for several digital payment modes in India.

Gandhinagar | New Delhi: India is in the «final stages» of negotiations with many countries to work out the modalities of settling trade in Indian rupees, Union home minister Amit Shah told ET in an exclusive interview, adding that this will be a major priority of the new government. «Matters have been put on hold due to elections but let me tell you we are in the final stages in our negotiations with many countries. This will be a priority for us in days to come,» he said in a detailed interview on board his flight back to Delhi from his constituency Gandhinagar, which went to the polls on Tuesday. On US President Joe Biden's remark that countries such as India, China, Russia and Japan were losing out on economic growth because of xenophobia, Shah said he had not seen Biden's comments in detail but pointed to India's growth trajectory over the past decade as evidence of its rising economic profile.

Uber is strengthening its hyperlocal deliveries from neighbourhood stores, people aware of the matter said, amid a growing demand for quick commerce in India. The company has launched this service in nine Indian cities through two-wheelers and the customer orders are picked up from local stores.

Indian outsourcing leaders will likely have to wait longer, perhaps until the start of FY26, for a revival in business as the US Federal Reserve could keep interest rates elevated in the world’s largest economy to ensure a lasting victory over politically uncomfortable inflation. High real rates could elevate hurdle rates for companies, potentially crimping growth in discretionary technology spends. “The Fed's hawkish approach is a double-edged sword. Higher interest rates could lead US clients to curtail discretionary IT spending, impacting revenue growth for Indian firms,” said Hansa Iyengar, senior lead analyst for UK-based IT research firm Omdia.

The nation’s largest public utility is moving ahead with a plan for a new natural gas plant in Tennessee despite warnings that its environmental review of the project doesn’t comply with federal law

The U.S. House of Representatives is set to vote this afternoon on a resolution proposed by Representatives Wiley Nickel (D-NC) and Mike Flood (R-NE) that would see a formal disapproval of the United States Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin (SAB) 121.

Coincheck is set to become a publicly traded company by listing on Nasdaq, as revealed by the exchange on May 8. The company is seeking to achieve this through a merger with Thunder Bridge Capital Partners IV (THCP) by the third quarter (Q3) of 2024.

As blue-chip cryptocurrencies trade with a bearish bias on Wednesday, Bitcoin (BTC) is sliding back to $ 62,000 after it found resistance at its 50DMA earlier this week. With a stagnant market outlook for larger cap coins, traders are parsing through the altcoins markets to look for the best crypto to buy today that might deliver a quick upside.

Funds are starting to shift their holdings in the $6 trillion US money market ahead of a spate of new rules that will likely boost demand for government securities at the expense of riskier assets.

A former Nuveen trader asked a federal judge not to impose a harsh sentence on him for front-running the firm’s trades as part of a scheme that generated more than $47 million in illegal profits.

Thousands of Taylor Swift fans are following her across the pond after missing out on her U.S. concert tour last year or being put off by marked-up ticket prices

U.S. stocks held relatively steady as trading on Wall Street calmed following some sharp recent swings

TikTok and its Chinese parent company, ByteDance, are suing the U.S. government over a law that would ban the popular video-sharing app unless it’s sold to an approved buyer

Stock drifted to a mixed close as Wall Street remains in a lull

Anheuser-Busch InBev reported higher-than-expected revenue in the first quarter despite lower sales in the U.S. and China

Thousands of Taylor Swift fans are following her across the pond after missing out on her U.S. concert tour last year or being put off by marked-up ticket prices

Internet casino gambling is legal in only a handful of states, but the industry is convinced it is the future of betting, even as some worry about cannibalizing physical casinos

Beyond Meat is reporting higher-than-expected revenue in the first quarter despite lower demand for its plant-based meats in the U.S. and abroad