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05.06 / 02:35
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Oil slips for sixth consecutive day on big builds in US oil, fuel stocks
Oil prices extended losses slightly from the previous session in early Asian trading on Wednesday after an industry report showed builds in U.S. crude and fuel stockpiles, adding to concerns around demand growth. Brent crude futures fell 14 cents, or 0.2%, to $77.38 a barrel by 0005 GMT. U.S. West Texas Intermediate crude futures fell 18 cents, or 0.3%, to $73.07 a barrel.
04.06 / 15:21
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US job openings fall more than expected in April
US job openings fell more than expected in April to the lowest in more than three years, a sign that labor market conditions are softening in a manner that could help the Federal Reserve's fight against inflation.
04.06 / 06:49
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Indian bond yield sees biggest spike in 8 months on uncertainty over election results 2024; 10-year yield above 7%
Also Read: Investors lose ₹20 lakh crore within first 20 mins of trade as election race gets tighter than what exit polls predictedThe trends in the election results showed that Prime Minister Narendra Modi’s National Democratic Alliance (NDA) was leading, but with an unclear margin. The trends were not in-line with the exit polls, which indicated a thumping majority for the BJP, leading a sharp rally in the Indian stock market on Monday.
03.06 / 14:53
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NYSE halts trading in select stocks due to technical glitch
NYSE Equities said on Monday it was currently investigating a reported technical issue. It was not immediately clear what the technical issue was. The exchange operator said additional information would be provided as soon as possible.
03.06 / 08:59
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Heatwave: 56 related deaths reported in India from March to May, 25,000 heat stroke cases
heatwave from March to May, Reuters reported, citing local media and government data.May was particularly harsh, with temperatures in Delhi and Rajasthan soaring to 50 degrees Celsius (122 degrees Fahrenheit).Meanwhile, parts of eastern India grappled with Cyclone Remal, and heavy rains in Assam claimed 14 lives since Tuesday.Also Read | Lok Sabha elections 2024: Postal ballots will be counted first, confirms ECI day after Oppn moves poll bodyOn Friday, at least 33 people, including election officials, died of suspected heatstroke in Uttar Pradesh, Bihar, and Odisha during India's general election.Data from the National Centre for Disease Control (NCDC) revealed that May was the worst month, with 46 heat-related deaths and 19,189 suspected heat stroke cases, as reported by The Print.Including suspected cases, the total death toll in India could be as high as 80, according to The Hindu. The central state of Madhya Pradesh alone recorded over 5,000 heat stroke cases.Also Read | Bill Gates to Elon Musk and Mark Zuckerberg — A look at the hobbies tech billionaires enjoyNotably, there is some relief in sight as the weather office has predicted less severe heatwave conditions until Wednesday.
03.06 / 03:11
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India's Modi plans post-election reforms to rival Chinese manufacturing
Narendra Modi plans a raft of business-friendly measures if he wins a third term this week, including pushing through regulations making it easier to hire and fire workers, according to two government officials familiar with the matter.
03.06 / 03:11
02.06 / 16:51
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Day after polls, highway authority hikes rates by 3-5% across 1,100 toll plazas
revision in toll plaza rates is an annual exercise, and the increase or decrease in the prices is based on the changes in the wholesale price index-based inflation.The decision to increase toll plaza rates was made two months after the Election Commission of India asked NHAI to collect the increased toll plaza rates after Lok Sabha elections 2024. This timing is significant as it aligns with the completion of the election process."The process required for the decision on the power tariff may be continued by the State Regulatory Commission.
01.06 / 04:11
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Donald Trump vows appeal historic conviction; US President Joe Biden calls criticism of Trump jury verdict ‘dangerous’
Donald Trump said on Friday his intention to challenge the guilty verdict that marked him as the first US president convicted of a crime.However, he indicated that he would wait until after his sentencing on July 11 to pursue this appeal; as reported by Reuters, he was speaking at Trump Tower in Manhattan, where he launched his initial presidential campaign in 2015, Trump reiterated his allegations that the trial was “rigged" attempt to hobble his comeback White House bid and warned that it showed no American was safe from politically motivated prosecution.“If they can do this to me, they can do this to anyone," Trump, 77, said in an unscripted 33-minute speech. Applauded by supporters, Trump, the Republican candidate in the 2024 election, took no questions from reporters.Also Read: Donald Trump convicted: Biden campaign echoes White House words, ‘no one is above law’; Trump calls himself ‘innocent’“We're going to be appealing this scam," he said.Trump will have 30 days from the date of his July 11 sentencing to file a notice of appeal.
31.05 / 16:03
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Slowing GDP growth sets up pivotal Bank of Canada decision: ‘Expect fireworks’
Signs of slowing economic growth could set up “fireworks” at the Bank of Canada’s interest rate decision next week, one economist says, as odds rise for the first rate cut of the cycle.
31.05 / 16:03
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Should Canadian bank customers, investors worry about money laundering probes?
Ongoing anti-money laundering probes at TD Bank and penalties levied at other Canadian financial institutions aren’t likely to have a material impact on banking customers, experts say, though the regulatory crackdown could have implications for investors and the banking sector long-term.
31.05 / 15:43
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India's fast economic growth lays firm ground for next government
India's economy grew at a faster-than-expected pace of 7.8% year-on-year in the first three months of 2024, helped by a strong performance in the manufacturing sector, and economists expect the momentum to continue this year. The highest growth pace among the largest economies globally will bolster the economic record of Prime Minister Narendra Modi, who is hoping to win a rare third term in the national election, with results set to be released on June 4. Investors are looking ahead to the election outcome and the full-year budget in mid-July to see what steps the new government might take to boost the economy.
31.05 / 09:23
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India's Altmin in talks with Australia for lithium supplies
battery materials producer Altmin is in talks with the Australian government to secure lithium supplies, the company's managing director said, as part of its expansion plans to meet rising demand for the critical mineral. «We are talking to the Australian High Commission and the critical minerals office,» Anjani Sri Mourya Sunkavalli told Reuters. Altmin, India's only cathode active materials producer, currently sources lithium carbonate from Brazil and Bolivia.
31.05 / 07:53
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Crypto 're-staking' platforms boom as traders chase bigger returns
risk for users and the crypto market. The soaring popularity of so-called "re-staking" is the latest sign of risk-taking in crypto markets as prices rally and traders hunt for yield. Bitcoin, the biggest cryptocurrency, is near all-time highs while ether, the second biggest, is up more than 60% this year.
31.05 / 02:37
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Indian stock market: 9 key things that changed for market overnight - Gift Nifty, US GDP, jobless claims to China PMI
Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — May 31On Thursday, the Indian stock market benchmark indices suffered heavy selloff amid the monthly F&O expiry and ended nearly a percent lower each, extending losses for the fifth session in a row.The Sensex plunged 617.30 points, or 0.83%, to close at 73,885.60, while the Nifty 50 settled 216.05 points, or 0.95%, lower at 22,488.65.“Nervousness ahead of the exit poll and weak global cues continue to dent sentiments. Global markets remained under pressure due to rising bond yields and denting hopes of rate cut.
31.05 / 02:03
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Oil falls as Fed policymakers look to maintain rate cuts, gasoline stocks rise
Oil prices fell early on Friday as investors responded to comments from U.S. Fed officials who said it was too soon to start considering rate cuts, and following a surprise build in U.S. gasoline stocks that weighed on the market. Brent futures lost 12 cents, or 0.15%, to trade at $81.74 a barrel by 0008 GMT, while U.S. West Texas Intermediate (WTI) crude was down 17 cents, or 0.22%, at $77.74.
31.05 / 02:03
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TikTok preparing a US copy of the app's core algorithm
TikTok is working on a clone of its recommendation algorithm for its 170 million U.S. users that may result in a version that operates independently of its Chinese parent and be more palatable to American lawmakers who want to ban it, according to sources with direct knowledge of the efforts. The work on splitting the source code ordered by TikTok's Chinese parent ByteDance late last year predated a bill to force a sale of TikTok's U.S. operations that began gaining steam in Congress this year. The bill was signed into law in April.
30.05 / 03:03
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Gold prices flat ahead of US inflation data
Gold prices were flat on Thursday, as investors awaited a key U.S. inflation reading that could provide further insights into the Federal Reserve's policy path. FUNDAMENTALS
30.05 / 01:59
Reuters
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Meta finds AI-generated content on Israel-Gaza used ‘deceptively’ on Facebook, Instagram; takes action
Israel-Gaza conflict published below posts from global news organisations and US lawmakers, the social media company said in its quarterly security report. The social media accounts posted as Jewish students, African Americans, and other concerned citizens are targeting the US and Canadian audiences.
29.05 / 11:45
Reuters
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Singapore Airlines flight that hit deadly turbulence fell 178 feet in 4.6 seconds
A Singapore Airlines flight makes an emergency landing after reported extreme turbulence and one passenger dead. (Credit: Viral Press)
29.05 / 09:47
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PWC to become OpenAI's largest enterprise customer, WSJ reports
PWC will become the largest customer and first reseller of artificial intelligence startup OpenAI's enterprise product, as part of a new deal, the Wall Street Journal reported on Wednesday. OpenAI and PWC did not immediately respond to a Reuters request for comment.
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