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forex reserves dipped by $1.71 billion to $652 billion as of June 28, data shared by the Reserve Bank of India showed on Friday. Previously, forex reserves rose by $816 million to $653.7 billion for the week ending on June 21. Forex reserves expanded by $4.3 billion to hit a record high of $655.82 billion on June 7 this year.

With national home prices treading water,real estate inventory growing and housing affordability still atrocious, last month’s quarter-point rate cut from the Bank of Canada, while helpful, was the economic equivalent of bringing a butter knife to a gunfight.

The sector has broken several records in 2024 alone, the firm noted, with investors pouring cash into North American equities to tap into the tech rally started at the end of 2023, recording £7.8bn inflows in the first six months of the year. Equity funds inflows soar fivefold during ISA season Investors turned to global funds instead in June, resulting in net inflows of over £1.3bn, followed by European equities (£714m) and emerging markets (£269m), after two consecutive months of net selling for EM strategies. The loss of interest in North American equities also impacted ESG fund...

President Vladimir Putin and include some who’ve been sanctioned over the war that’s now in its third year.Vagit Alekperov, key shareholder and former president of oil giant Lukoil PJSC, topped the list with about 186 billion rubles in dividends. He is sanctioned by the UK and Australia, but has so far avoided US and European Union penalties.Billionaires Alexey Mordashov, of Severstal PJSC, and Vladimir Lisin, of Novolipetsk Steel PJSC, were next with 148 billion and 121 billion rubles respectively of dividend income.

valuations in the Indian equity market, there are expectations of subdued returns in the second half of 2024, with increased volatility and only marginal gains likely by the end of the year,” says Vikaas M Sachdeva, Managing Director, Sundaram Alternates. In an interview with ETMarkets, Sachdeva said: “The earnings expectations for the markets for Nifty stocks and for the top 100 stocks are around 15%, but around 20-25% for midcaps. The problem is there is so much euphoria right now that if you fall short of these numbers, you are going to see a pullback happening,” Edited excerpts:

Lakers selected LeBron James' oldest son Bronny James last week in the second round of the draft after one season at the University of Southern California (USC). This will be the first time in NBA history that a father-son duo will be playing at the same time let alone for a same side. James has long spoken of his desire to play in the NBA alongside his son. Also Read: COVID-19 reaches high level. Hospitalization, emergency visits, deaths go up. What have CDC data revealed?

LONDON—By Friday, British Prime Minister Rishi Sunak will almost certainly be drummed out of Downing Street and his ruling Conservative Party facing its deepest hole in more than a century. Polls ahead of Thursday’s U.K.

Venezuela’s recent crackdown on crypto is unlikely to dent enthusiasm for tokens, with data showing people in the nation remitted $461 million worth of coins in 2023.

government spending and continued momentum in corporate earnings, according to market watchers. The upcoming government budget will likely boost consumer spending and infrastructure building, which bode well for businesses, strategists and investors surveyed by Bloomberg said. More than half of the 24 respondents estimated that the NSE Nifty 50 Index may advance up to 26,000 points by the end of 2024, while one predicted the gauge can climb even more.

Koenigsegg is giving Bugatti a tough contest in terms of the 'world's fastest car', as a new Koenigsegg in testing is reported to reach a whopping 311mph, making it the best option to beat the current world record holder of the fastest car in the world, Bugatti. Koenigsegg Jesko Absolut's latest tests and simulation reports reveal that it is equipped to reach top speeds which have been untouched by other car manufacturers in the world till now, according to The Sun.

Virat Kohli has set a new record, this time off the cricket field. His Instagram post celebrating India's T20 World Cup victory has become the most-liked photo ever posted by an Indian account. The heartfelt post, which featured a collage of Team India celebrating their triumph, has amassed over 19 million likes and continues to gain traction. Kohli's caption, expressing his gratitude with the words «Couldn't have dreamt of a better day than this. God is great and I bow my head in gratitude. We finally did it Jai Hind,» deeply resonated with fans nationwide.

U.S. stocks are ticking toward more records after a report on the job market bolstered hopes that interest rates will soon get easier

Labour prime minister Keir Starmer will kickstart his plan to «rebuild Britain» on his first full day in charge Saturday, after his party's landslide election win ended 14 years of Conservative rule. Starmer spent his first hours in Downing Street on Friday appointing his ministerial team, hours after securing centre-left Labour's return to power with a whopping 174-seat majority in the UK parliament. He is expected to hold his first cabinet meeting on Saturday, with Britain's first woman finance minister Rachel Reeves and new Foreign Secretary David Lammy in attendance.

continued central bank purchases and ongoing geopolitical uncertainties. The traction in gold exchange-traded funds (ETFs) has notably improved, with global gold ETFs experiencing inflows worth $1.4 billion in June, marking the second consecutive month of positive inflows, according to a World Gold Council report dated 9 July. Asian funds attracted a record $3 billion during the first half, indicating robust investment demand driven by higher gold prices.

regional labour commissioner, Chennai, in its submission to the central labour ministry on Wednesday, said there is no evidence supporting claims of discrimination against married women in the recruitment and employment processes at the Foxconn’s Chennai iPhone factory. The ministry, however, is awaiting the response from the state government following which it will firm up its observations on the matter for submission to the National Human Rights Commission. “After reviewing the submissions, records, and statements from married female employees, the report concluded that there is no evidence supporting claims of discrimination against married women in the recruitment and employment processes at the Foxconn Chennai iPhone factory,” the regional labour commissioner said in its submission.

Navin Flourine and Escorts Kubota among other stocks are likely to remain in focus on Thursday as their record date for the purpose of the dividend payment is July 5. This means that today is the last chance to buy these stocks in order to be eligible for the dividend payment.

China's central bank refrained from gold purchases to its reserves for a second consecutive month in June, official data showed on Sunday. The pause by the People's Bank of China (PBOC) started in May, when spot gold prices hit a record high. The previous 18 months of consistent buying by the PBOC, along with demand from other central banks, contributed to the gold rally from March to May. China held 72.80 million troy ounces of gold at the end of June, unchanged from the end of May, the data showed. The value of China's gold reserves fell to $169.70 billion from $170.96 billion.

U.S. stocks are moving higher, sending Wall Street toward more records

Nasdaq and S&P 500 rallied to record high closes on Wednesday, fueled by gains in Nvidia and other Wall Street heavyweights ahead of inflation data and quarterly earnings reports due this week. It was the Nasdaq's seventh straight record-high close and the S&P 500's sixth straight. The S&P 500 crossed 5,600 for the first time after Federal Reserve Chair Jerome Powell stoked expectations for an interest-rate cut in September.

Volvo Cars will launch only electric cars in India going forward and not sell petrol and diesel-powered vehicles in the market “beyond the 2030 deadline”, a top executive said. “The new products that we will bring to the market will be electric,” Martin Persson, head of Volvo Cars for the Asia Pacific (except China) region, told ET. “We still have the ICE (internal combustion engine) products and we think they are competitive for customers who want that. It is not about taking that away. But, at the same time, the future is pretty clear.” Globally, Volvo Cars plans to go all electric by the end of the decade.

Stocks are wavering on Wall Street and hovering around the record highs they set last week