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There is both good news and bad news for Atlantic City's casinos and racetracks that took sports bets in 2023

European Central Bank head Christine Lagarde says cutting interest rates too soon could threaten Europe’s progress in battling the inflation that has ravaged the economy

China published youth unemployment data Wednesday for the first time since the jobless rate hit a record high in June last year, using a new method that showed an apparent improvement

₹4.6 trillion loss on investors as key indices fell the most in 19 months. Provisional data from BSE showed that foreign portfolio investors (FPIs) sold ₹10,578.13 crore worth of shares, the highest in a day, pulling down the Nifty and the Sensex by over 2%. HDFC Bank, India’s largest private lender with the highest weight in the indices, contributed to over a fifth of the day’s total wealth erosion.

₹5,978 per bbl, having swung between ₹5,868 and ₹6,017 per bbl during the session, against a previous close of ₹6,003 per barrel. Also Read: OPEC Expects Global Oil Demand to Slow in 2025 -Tensions remained high after the US mounted fresh strikes against Iran-aligned Houthi militants in Yemen on Tuesday after a Houthi missile hit a Greek vessel. Analysts say that oil prices may find a ceiling unless production is shut in.

Canada’s annualized rate of inflation jumped to 3.4 per cent in December, a reacceleration that was widely anticipated by economists but that will likely leave the Bank of Canada in no rush to cut interest rates.

audio enthusiasts to upgrade their gear with up to 72% off on Boya microphones. Renowned for their quality and reliability, Boya microphones have become a staple in the creator community, offering crisp, clear audio capture that can elevate any project. This sale is particularly significant for those looking to enhance their audio recording capabilities without breaking the bank.

Global Renewable Capacity: The world added a record renewable energy capacity in 2023 reaching around 507 GW. While this is a robust increase of nearly 50% over 2022, we need to triple global renewable capacity to tame the energy demand beast. Over the next five years, solar and wind power additions are projected to more than double with an addition of almost 430GW by 2028.

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National Retail Federation CEO Matt Shay dissects consumer spending and the retail industry as shoppers hit stores across the country for Black Friday.

(Reuters) — Charles Schwab (NYSE:SCHW)'s fourth-quarter profit fell 47% as bigger interest payments on its client deposits and debt dented gains from a jump in asset management fees, the brokerage reported on Wednesday.

India's government has turned down a request from state-owned iron ore miner NMDC Ltd to export its ore to China, the world's largest iron ore consumer, three sources with direct knowledge said. The government has instead asked NMDC, India's largest state-owned iron ore miner, to focus on domestic sales, said the sources who didn't wish to be named as they were not authorised to talk to the media. China accounts for around 80% of India's overall iron ore shipments.

By Dmitry Zhdannikov

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By Paul Carsten

By Gilles Guillaume and Diana Mandia

Narendra Modi on Wednesday said that the BJP was the only party in India with a proven track record of speedy development and a clear vision for the future. The prime minister was speaking at a party meeting of around 6,000 in-charges of 'Shakti Kendras', each comprising two to three booth-level areas, at Marine Drive here.

HDFC Bank, which is single-handedly responsible for today's market crash, recorded its worst daily performance since May 2020 by falling around 7.9%. Investors in the bluechip lost around Rs 1 lakh crore as the market capitalisation of the Nifty heavyweight fell below Rs 11.75 lakh crore. Following the disappointment in December quarter results, several brokerages have reduced their target prices on the stock which led to the downfall. HDFC Bank's Q3 beat in profit (up 33% YoY to Rs 16,373 crore) was driven mainly by a one-off write-back of Rs 1,500 crore of tax provisions. «While NIM (calculated) at 3.7% was on the mark, it remained flat sequentially on a low base, a contextual disappointment given faster than expected reduction in balance sheet cash and investments. Yields on interest-earning assets stayed flat QoQ despite (i) the drawdown in balance-sheet liquidity and (ii) a reduction of lower-yield wholesale loans in the loan mix. This was the crux of the disappointment,» said Santanu Chakrabarti of BNP Paribas. Also read: HDFC Bank shares at mouth-watering valuation, say contra buyers after $10 billion loss

₹1,476 apiece. This was the stock's biggest intraday jump since May 2023. The notable surge in shares today is attributed to the release of the company's Q3FY24 earnings on Tuesday post market hours, reporting a 22.4% YoY improvement in net profit to ₹431 crore.

Since their recent launch in the United States, spot Bitcoin ETFs have achieved a cumulative trading volume of nearly $10 billion within just three days.

Mahila Samman Savings Certificate, a small savings scheme specially for female investors, was introduced during Budget 2023. It is a one-time scheme available for two years, from April 2023-March 2025.