Usa Financial News

On Wednesday (24 April), the board said it had agreed to the US-based music rights group's increased all-cash offer to acquire the portfolio at $1.25 per share, which values the trust at around $1.51bn. Concord's new offer, which represents a rise of around 7.8% on its previous bid, trumps Blackstone's offer to buy the trust's assets for $1.24 per share, or $1.5bn, announced over the weekend.  Concord Music trumps Blackstone's bid for Hipgnosis Songs with raised $1.51bn offer Blackstone's latest remarks come as shareholders await its next move. Hipgnosis Song Management has the rig...

A yellow legal pad with the words “Buy Bitcoin” written on it, famously displayed behind former United States Federal Reserve Chair Janet Yellen during a congressional hearing in 2017, has been sold at an auction for over $1 million, equivalent to 16 Bitcoin.

Nearly four in ten Canada-based institutional investors had exposure to crypto assets in 2023, KPMG survey finds. This marks a significant recovery from the 2022 market slump.

WASHINGTON—U.S. troops plan to start assembling a floating pier off the coast of northern Gaza as early as this weekend, American defense officials said, part of an effort by the Biden administration to get more aid into the besieged enclave ahead of Israel’s planned invasion of the city of Rafah. But US officials warned that they didn’t expect the pier to supplant deliveries across Gaza’s land borders, which the United Nations has said is the most efficient way to get humanitarian aid into the strip.

₹404.1 lakh crore from nearly ₹401.4 lakh crore in the previous session, making investors richer by about ₹2.7 lakh crore in a single session. Nearly 250 stocks, including ICICI Bank, SBI, JSW Steel, Ambuja Cements, Bharat Electronics, Eicher Motors, Hindustan Aeronautics, Hindalco and Trent, hit their fresh 52-week highs in intraday trade on BSE. Experts pointed out that the Indian stock market has been rising of late as investors have shifted focus to domestic factors, such as macro numbers and corporate earnings.

lithium processing, said four sources familiar with the matter, to bolster its nascent lithium mining and electric vehicle industries and avoid relying on China. India's Ministry of Mines began discussions with Australia and the United States last year, said the four sources, two from India's government and two industry participants. The Indian government and some private companies have also sought help from Bolivia, Britain, Japan, and South Korea, said the sources, who did not wish to be identified as the discussions were not public. Executives from Russia's TENEX, part of state-owned nuclear energy company Rosatom, approached the Indian government and have held at least two meetings with Indian officials this year, offering lithium processing technology and the possibility of collaborating with Indian companies, said one of the sources, a senior government official with direct knowledge of the plans.

In a stock exchange notice on Wednesday (24 April), the board said it had agreed to the US-based music rights group's increased all-cash offer to acquire the portfolio at $1.25 per share. The raised offer comes a week after Concord made a cash offer equivalent to $1.4bn to acquire the trust's assets, or $1.16 per share, using minority of equity as well as debt from asset manager Apollo Global Management. Concord's new offer, which represents a rise of around 7.8% on its previous bid, trumps Blackstone's offer to buy the trust's assets for $1.24 per share, or $1.5bn, announced over the...

Despite us constantly being told that solar and wind are now the cheapest forms of electricity, governments around the world needed to spend $1.8 trillion on green transitions last year. “Wind and solar are already significantly cheaper than coal and oil" is how US President Joe Biden conveniently justifies spending hundreds of billions of dollars on green subsidies. Indeed, arguing that wind and solar is the cheapest is a meme employed by green lobbyists, activists and politicians globally.

Deutsche Bank has hired a new head of US credit trading to replace Dan Crowley, who left in February.

Something seems to be afoot in Singapore, where multiple sources say people have been dismissed from their banking jobs after being asked to repay medical insurance claims.

As Citi proceeds with its restructuring and 20,000 job cuts, all does not seem entirely well in the Malaga office where the US bank employs around 30 junior investment bankers who theoretically have a great life. 

Syngene International share price have remained volatile in the recent past. The concerns on challenging funding conditions for US biotech that led to decreased demand for R&D services have addded to the volatility in Biocon Research arm Syngene International share prices. Jonathan Hunt, Managing Director and Chief Executive Officer, Syngene International Limited, said, “While the fourth quarter performance came in lower than expected, the underlying driver -reduced demand for research and development services within US biotech stemming from a difficult funding environment - is well understood and already showing positive signs of recovery" Syngene International saw reported revenue from operations for the fourth quarter decline 8% year-on-year to Rs.

As the crypto market downturns, many investors are hunting for the next promising token to profit. While Tether USDt is a stablecoin that’s not prone to volatility, it doesn’t offer massive returns for investors. 

American authorities have charged crypto mixer Samourai Wallet founders for allegedly operating an unlicensed money-transmitting business.

Sam Pitroda, the chairman of the Indian Overseas Congress, made comments about inheritance tax that led to a political controversy. Prime Minister Modi criticized the Congress party, claiming that they intend to impose higher taxes and prevent individuals from passing on their hard-earned wealth to their heirs. In response, the Congress party distanced itself from Pitroda's statements. Party spokesman Jairam Ramesh pointed out that former Prime Minister Rajiv Gandhi had abolished estate duty in 1985. Pitroda backed the idea of an inheritance tax and cited the example of the US. «Nothing wrong in accumulating wealth but to what point? Let me tell you, in America there's an inheritance tax. So, if let's say one has $100 million worth of wealth, and when he dies he can transfer probably 45% to his children, 55% is grabbed by govt. Now that's an interesting law. It says you, in your generation made wealth, and you are leaving now, you must leave your wealth for the public — not all of it, half of it, which to me sounds fair. In India you don't have that. If somebody is worth $10 billion and dies his children get $10 billion. The public gets nothing. So these are the kinds of issues that people will have to debate and discuss.» Here is a look at what inheritance tax is.

'inheritance tax' in India, an old video featuring Nikhil Kamath, co-founder of Zerodha, where he is discussing the issue with Mint, has surfaced. In the video, Kamath expresses his support for inheritance tax in India. “When wealth is passed down from one generation to another, there needs to be a mechanism in place to redistribute a portion of it.

UMass Global Online Master of Business Administration (MBA) program in India. With the MBA program, UMass Global extends its legacy of excellence by providing a dynamic platform for Indian professionals to navigate the complexities of the modern business landscape. This program will not only open doors to global opportunities but also empower participants to forge impactful careers on an international scale.The 18-month program distinguishes itself from all other online MBAs in the market as the only US university offering an online MBA at an affordable price, with a strategic focus on bridging the gap in the market.

Temasek and Fidelity for a $200 million funds infusion through a secondary share sale, The Economic Times reported citing sources. If the homegrown eyewear company's talks with the Singaporean investment company and the American financial services corporation turn concrete, it would push Lenskart's valuation to around $5 billion. A significant increase from its previous valuation, this move would also place Lenskart's worth at over three times that of competitor Warby Parker, the report added.

Is there anything that Federal Trade Commission Chair Lina Khan doesn’t think she can do? Apparently not. On Tuesday she and her fellow Democratic commissioners effectively invalidated tens of millions of employment contracts without authority from Congress. The FTC’s 570-page rule outlaws so-called non-compete agreements across the economy.

Day trading stocks to buy today: Following weakness in the Asian stock market, the Indian stock market opened lower on Thursday, ending its four-day winning streak that started last Friday. The Nifty 50 index is down by nearly 60 points, the BSE Sensex is down by over 200 points whereas the Bank Nifty today is down by nearly 170 points. Asian equity markets dropped after Meta Platforms Inc.’s disappointing outlook raised concern about whether the industry that has powered the bull market in equities has run too far.

solar manufacturers filed trade complaints Wednesday formally requesting that the Biden administration impose tariffs on solar products being exported from Southeast Asia into the United States. The petitions were filed with the Department of Commerce and the U.S. International Trade Commission. They come amid growing alarm within the U.S. solar industry that a flood of cheap Chinese green energy technology exports are pushing down prices of solar panels and threatening efforts by the Biden administration to develop a domestic solar supply chain. Chinese companies have been relocating production of solar products to neighbouring countries to avoid existing tariffs, and U.S. manufacturers believe new trade measures are needed to protect their businesses. The complaints call for investigations into the trade practices of Vietnam, Cambodia, Thailand and Malaysia. In the past year, the United States has imported $12.5 billion worth of solar products from those countries as prices of solar products have dropped by around 50%.