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interest rate differentials weighed on the currency, despite fresh warnings from Japanese officials following two rounds of suspected dollar-selling intervention last week. The Australian dollar hovered close to a two-month high versus its U.S. counterpart with the Reserve Bank of Australia widely expected to keep rates steady later in the day, and traders on watch for a more hawkish stance from Governor Michele Bullock.

Sensex gained 17.39 points, or 0.02%, to close at 73,895.54, while the Nifty 50 settled 33.15 points, or 0.15%, lower at 22,442.70. “The surge in India VIX by over 70% in the last eight trading sessions from around 10 to its 52-week high near 17 level, indicating increasing nervousness among investors due to the ongoing global uncertainties and Lok Sabha election outcome next month. Hence, markets are likely to remain in a broader range with stock-specific action in the near term," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

Hamas on Monday agreed to a Gaza ceasefire proposal from mediators, but Israel said the terms did not meet its demands and pressed ahead with strikes in Rafah while planning to continue negotiations on a deal. The developments in the seven-month-old war came as Israeli forces struck Rafah on Gaza's southern edge from the air and ground and ordered residents to leave parts of the city, which has been a refuge for more than a million displaced Palestinians.

The cuts at Barclays came early yesterday. They were expected on May 8th, but manifested themselves on May 1st instead. The number of people affected extended to “a few hundred underperformers,” said Reuters, but insiders at Barclays say some teams seemed to suffer more than the rest. 

China's gold consumption rose 6% in first quarter this year; what is driving the rally? "The downside that we've seen over the last few weeks might actually be running out of steam, opening (the) door for gold prices to resume their upward trajectory," Daniel Ghali, commodity strategist at TD Securities, was quoted as saying Reuters. On Friday, data revealed that job growth in the U.S. decelerated more than anticipated in April, with the rise in annual wages dropping below 4.0% for the first time in nearly three years.

Read here: Week Ahead: Q4FY24 Results, FII activity, macro data, global cues among key market triggers this week On Friday, the Indian stock market benchmark indices ended around a percent lower, dragged by profit booking across sectors as well as losses in heavyweight stocks. The Sensex dropped 732.96 points, or 0.98%, to close at 73,878.15, while the broader Nifty 50 settled 172.35 points, or 0.76%, lower at 22,475.85. “Nifty 50 after marking a new high at 22,794 levels, witnessed profit booking and came under pressure.

Mount Ruang volcano put on a spectacular show Tuesday, sending hot gas and debris high into the sky as an intense lightning show raged overhead.Like a scene from Lord of the Rings‘ fictional Mordor, footage released by BNPB Indonesia shows a continuous cascade of lightning in a toxic ash cloud over the volcano’s crater, as the sky above glows red and lights up with huge flashes.Thousands of people have been forced to evacuate the island where the volcano is located, Reuters reports, and officials warned residents of nearby Tagulandang island that a tsunami could be triggered by volcanic materials falling into the ocean.This is the second time in two weeks Mount Ruang has erupted, spewing ash almost two kilometres into the sky, closing an airport and showering nearby villages with debris.So far, there have been no reports of injuries or deaths associated with any of the eruptions.

Warren Buffett said on Saturday that Berkshire Hathaway sold its entire holding in media and entertainment company Paramount Global at a loss and he took sole responsibility for the decision. «It was 100% my decision, and we've sold it all, and we lost quite a bit of money,» Buffett said at Berkshire's annual shareholder meeting in Omaha, Nebraska.

In the January-to-March quarter, Amazon’s cloud computing arm Amazon Web Services, Microsoft’s Azure and Google Cloud grew at 17%, 31% and 28%, respectively, the companies reported. Analysts said this was a sign that AI is contributing to the growth and that overall cloud spending is also accelerating, Reuters reported. On the other hand, Meta CEO Mark Zuckerberg in its earnings call emphasised the company’s longterm investment in AI, which led to its shares sinking by 19% on Wednesday, wiping out over $200 billion in market capitalisation. US NEWSPAPERS SUE MICROSOFT, OPE

Boris Becker was released from bankruptcy proceedings in a London court after the presiding judge determined he had taken all reasonable steps to settle his debts with creditors, who were owed tens of millions of pounds, as per Reuters. Despite falling significantly short of repaying the nearly 50 million pounds ($62.5 million) he owed, Chief Insolvency and Companies Court Judge Nicholas Briggs concluded that discontinuing the case was the just course of action due to Becker's earnest efforts, the report added.

monitoring of how its tokens are used in broader crypto markets and payments in a bid to combat illicit finance, Tether said in a statement on Thursday. Tether, a cryptocurrency pegged to the U.S. dollar, and blockchain analytics company Chainalysis have launched new tools to identify transactions associated with sanctioned entities and analyse the activity of major holders of the token, Tether said.

Tesla Power" to market its products, on May 3. The lawsuit, heard in the Delhi High Court, seeks damages and a permanent injunction to stop the use of the Tesla brand name, as per Reuters. During a court session this week, it was revealed that the Indian company, Tesla Power India Pvt Ltd, continued to promote its products under the "Tesla Power" brand despite receiving a cease-and-desist notice in April 2022, as reported on the court's website, the report added.

Pakistan will push back the deadline for companies to express interest in buying national carrier Pakistan International Airlines to May 18, the country's privatisation minister said on Thursday. The extension, announced in a statement by Minister for Investment and Privatisation Abdul Aleem Khan, came a day before the expressions of interest had originally been due. He said 10 companies had already expressed an interest.

Indian rupee will hew a close path to the U.S. dollar over the coming three months as regular interventions from the Reserve Bank of India keeps the currency on a tight leash, a Reuters poll of analysts found. The RBI has kept the rupee in a narrow range against the dollar and is only down about 0.3% this year unlike most of its Asian peers which have weakened a lot more.

Hamas chief Ismail Haniyeh discussed the ongoing Gaza ceasefire talks in separate phone calls with Egypt's intelligence chief Abbas Kamel and Qatar's Prime Minister and Foreign Minister Mohammed bin Abdulrahman Al Thani. A statement by the Palestinian Islamist group on Thursday said a delegation is set to visit Egypt soon for further ceasefire talks in the Gaza war. The statement added that Haniyeh had affirmed the group's «positive spirit in studying the ceasefire proposal» in the phone call with Egypt's Kamel.

net loss of 629 billion roubles ($6.9 billion) in 2023, its first annual loss in more than 20 years, amid dwindling gas trade with Europe, once its main sales market. The results highlight the dramatic decline of Gazprom, which since the collapse of the Soviet Union has been one of Russia's most powerful companies, often used as a leverage to solve disputes with its neighbours, such as Ukraine and Moldova.

Initial claims for state unemployment benefits were unchanged at a seasonally adjusted 208,000 for the week ended April 27, the Labor Department said on Thursday.

Reuters reported on Thursday. The move by the Food Safety and Standards Authority of India comes at a time when the country’s popular spice brands are under scrutiny for quality-related concerns after Hong Kong and Singapore banned certain readymade spices from MDH and Everest—considered household names in India for spicing up our daily food palette. The development is not good news for the world’s largest spice producer and consumer.

In Britain, online pharmacies and slimming clinics are reducing prices for Wegovy and Mounjaro. This development comes months after the weight-loss drugs were launched in the country as initial supply shortages ease.

₹6,622 per barrel on the multi commodity exchange (MCX). In other energy markets, U.S. diesel futures were on track to close at their lowest since July 2023, while U.S.

Rajasthan, west Madhya Pradesh, Vidarbha, Marathwada and Gujarat -Number of heatwave days is likely to be above normal by about 2-4 days in May over remaining parts of Rajasthan, east Madhya Pradesh, Punjab, Haryana, Chandigarh, Delhi, Uttar Pradesh and some parts of Chhattisgarh -Number of heatwave days will also be higher than normal by 2-4 days in May over interior Odisha, Gangetic West Bengal, Jharkhand, Bihar, north interior Karnataka, Telangana and isolated pockets of north Tamil Nadu, Andhra Pradesh According to a Reuters report, the eastern part of India, including West Bengal, Odisha, experienced its hottest April on record as heatwave scorched India. This comes as Lok Sabha Elections 2024, after completing two phases, now gears up for the remaining for phases, even as IMD predicts an even hotter May.