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investors took a pause ahead of economic data and Fed Chair Jerome Powell's congressional testimony. Apple closed down 2.5% following a $2-billion EU antitrust fine for preventing Spotify and other music streaming services from informing users of payment options outside its App Store.

China will on Tuesday set a goal of five percent gross domestic product growth for the year, an official copy of a government work report seen by AFP showed, one of its lowest in decades and in line with last year. The GDP target is set to be officially unveiled later in the day at a meeting of the National People's Congress, China's parliament.

Elon Musk is no longer the world’s richest person. Musk lost his position atop the Bloomberg Billionaires Index to Jeff Bezos after shares in Tesla Inc. tumbled 7.2% on Monday. Musk now has a net worth of $197.7 billion; Bezos’ fortune is $200.3 billion.

China will improve policies supporting childbirth, an official government report said on Tuesday, which also detailed plans to support a growing elderly population by raising benefits and basic pensions and pushing forward a private pension system. The measures come after China's population fell for a second consecutive year in 2023, with new births dropping to about half of those in 2016, while marriages hit a record low in 2022.

Investing.com-- US stock index futures fell in evening deals on Monday, extending declines in Wall Street as uncertainty over the path of U.S. interest rates saw traders step back from recent record highs. 

Investing.com-- Prices of Bitcoin cleared key levels in Asian trade on Tuesday, and were now less than $1,000 shy of a record high hit during the peak of a bull run in 2021. 

Bonus shares, stock split: Shares of Capri Global Capital Limited, a diversified non-banking financial company, will be in focus when the stock market opens on Tuesday (March 05). The Board of Directors of the company has declared a stock split and a bonus issue for the eligible shareholders. The company has declared a stock split in the ratio of 1: 2 that means from one ₹2 per equity share into two equity shares of ₹1 each, and a bonus issue in the ratio of 1:1.

measles continues its slow spread across communities in the country, health officials are urging Canadians to stay vigilant and keep their vaccinations up-to-date.Speaking at a media conference on Monday, Health Minister Mark Holland said he is “deeply concerned” with the global measles outbreak and its potential impact on Canada.“We’re seeing a lot of illness that was almost rendered non-existent, starting to come back because of vaccine hesitancy,” Holland told reporters. “We have to depoliticize health information.

Investing.com — The S&P 500 fell just short in its bid for another record close on Monday, pressured by an Apple-led slump in tech and a further cooling in sooner rate-cut expectations ahead of a busy week of top-tier economic data and testimony from Fed chair Jerome Powell.

The Bitcoin price just hit new record highs in euros and British pounds.

By Luc Cohen

Investing.com-- Gold prices swelled to settle at an all-time high on Monday, underpinned by ongoing geopolitical tensions and bets on a Fed rate cuts ahead of testimony from Federal Reserve chairman Jerome Powell later this week. 

You have to wonder why Canadians are investing their money outside the country like never before.

UPI users said they will stop using the application if transaction fees are levied on the same, said a survey of 34,000 respondents by Local Circles, a pollster on governance and public issues. UPI recorded a transaction value of over ₹16 lakh crore in February 2024, up from over ₹12 lakh crore in February last year, according to data from the National Payments Corporation of India (NPCI). The most common example of a transaction fee is the ₹20 fee by IRCTC for UPI payments. Fintech companies urged finance minister Nirmala Sitharaman to raise issues about implementing a merchant discount rate (MDR) in UPI transactions. «The MDR on UPI payments has been a long standing demand from the fintech industry, asserting they don't generate revenue from such transactions. MDR is the rate charged to a merchant for payment processing services on various payment instruments», said the report.

Banks' bad loans have fallen to record lows as recoveries from defaulters rise and many who missed payments have regularised, but lenders are looking at building buffers anticipating some stress, said CareEdge Ratings. Bad loans fell 21% in the last calendar to Rs 4.85 lakh crore, from a year earlier.

Delhi Chief Minister and Aam Aadmi Party (AAP) Supremo Arvind Kejriwal said that he was ready to face questioning by the Directorate of Enforcement (ED) in a money laundering probe related to irregularities in the Delhi Excise Policy 2021-22 case and said that if the central agency wants to, it could telecast the questioning live. Earlier today, in response to the eighth summons of the ED which asked CM Arvind Kejriwal to appear before it on March 4, he wrote a reply to the central agency stating that its summon was «illegal», however, he has agreed to appear before the agency virtually on any date after March 12. «My stand has always been that ED summons are illegal. I have written to them (ED) many times but they have not responded...I have written that I am not hiding anything and am ready to answer all your questions and you can ask through video conferencing. This is my right,» said the CM while addressing the media here.

Bitcoin rallied to a two-year high on Monday, breaking above US$65,000 as a wave of money carried it within striking distance of record levels.

By Davide Barbuscia and Shankar Ramakrishnan

The blue-chip NSE Nifty50 index added as much as 0.28% to a new record high of 22,441, before settling 0.12% higher at 22,405.60. The BSE Sensex rose 0.09% to 73,872.

unemployment rate declined to 3.1% in 2023 from 3.6% in the previous year, corresponding with the country recording stellar growth during the year. A significant reason for the decline in the unemployment rate was the decline in urban unemployment. Urban unemployment declined to 5.2% in 2023 compared with 5.9% in the previous year. Rural unemployment was down 40 bps to 2.4% from 2.8% earlier. Global rating agency Moody’s, Monday, raised India’s growth estimate for 2023 by a percentage point to 7.7% from 6.7% projected earlier. Growth is expected to ease to 6.8% in 2024 and 6.4% in 2025, it noted. India recorded over 8% growth during the April-December period.

demat or dematerialised account. A Demat account serves as a secure storage facility for all your shares and securities. Unlike the traditional method of holding physical share certificates, which posed risks such as theft, demat accounts store securities electronically, mitigating such concerns.