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13.04 / 12:39
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As energy prices soar, Biden administration jacks up costs to drill on public lands
Pipeline welder Lynn Bugsy Allen argues hes barely getting by after Biden canceled the Keystone XL Pipeline.
13.04 / 11:17
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Reuters
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Inside
The ambitious Singaporean hedge fund that's hiring across Asia
Dymon Asia Capital, the Singapore-based hedge fund, was opening a new office in Mumbai last time we checked. It’s been a while, however. Dymon already has offices in Hong Kong, Shanghai, Tokyo, Malaysia, and has its eyes on Dubai, with Mumbai now up and running.
13.04 / 10:51
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Can Israel's ultra-Orthodox military volunteers help defuse the battle over conscription?
ultra-Orthodox Jewish community, whose exemption from compulsory military service is dividing Israel and threatens to topple its government. He is also a major in the infantry reserves of the Israel Defence Forces (IDF). The long-standing military waiver for the ultra-Orthodox has sparked waves of protest in recent weeks by more secular Israelis, angry that they are shouldering the risk and drudgery of fighting the war in Gaza, now six months old. In city streets, ultra-Orthodox demonstrators have scuffled with combat veterans who sport khaki shirts and hoist national flags. In fact, around 10% of the haredim, as the ultra-Orthodox are known, come forward voluntarily for the standard three years of military service, Levi said. Some go on to be officers, like him.
13.04 / 07:49
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Multiple people stabbed and 1 person shot at Sydney shopping center
AFP, the incidents took place at the expansive Westfield Bondi Junction Mall complex, which was filled with Saturday afternoon shoppers at the time. Meanwhile, New South Wales Ambulance told AFP one man had been shot dead by police. He is believed to be one of the attackers.
13.04 / 04:45
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Salesforce is in advanced talks to buy Informatica: report
Salesforce is in advanced talks to acquire data-management software provider Informatica, the Wall Street Journal reported on Friday, citing people familiar with the matter. The price of the deal being discussed is below Informatica's current stock price of $38.48, which is a potential complication factor, the Journal said.
12.04 / 11:57
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Is PM Modi's Ayodhya Ram Mandir pitch failing to impress voters ahead of Lok Sabha polls 2024? Survey reveals…
Ayodhya Ram Mandir's Pran Pratistha ceremony was held with much fanfare, giving rise to speculations that this would help Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) seal an edge over the opposition parties in the upcoming Lok Sabha Polls. However, a survey in a Reuters report, says that while 22% of Indian voters surveyed considered the Ayodhya Ram Mandir their "most liked action" of PM Modi's government, only 8% considered this to be their primary concern. The Ram Mandir has been increasingly used by the BJP in their poll campaigns in the run up to the Lok Sabha elections.
12.04 / 06:59
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UK economy grows in February, shows signs of exiting recession
Britain's economic output grew by 0.1% in monthly terms in February and January's reading was revised higher, pointing to an exit from recession in early 2024, figures from the Office for National Statistics showed on Friday. Economists polled by Reuters had forecast a 0.1% month-on-month expansion of gross domestic product.
12.04 / 04:19
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RBI rule ambiguity stifles FX derivatives boom, exposes regulatory gaps in India: Report
FX derivatives market, a playground for speculative bets on the rupee, now faces a regulatory reckoning. The central bank's crackdown, demanding underlying exposure for all trades, has sent shock waves through the market. This disconnect between the regulator's intent and market understanding exposed potential gaps in India's regulatory framework, raising concerns for investors and jeopardizing the country's image as a stable investment destination, according to a report by Reuters.
12.04 / 02:43
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Indian stock market: 10 key things that changed for market overnight - Gift Nifty, US inflation to rally in tech stocks
Sensex surged 354.45 points, or 0.47%, to close at 75,038.15, while the Nifty 50 settled 111.05 points, or 0.49%, higher at 22,753.80. “We expect the ongoing up-move to continue in the market. The broader market too is likely to continue its outperformance along with stock-specific action on the back of strong domestic flows and healthy business updates.
11.04 / 14:13
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jobless claims
US weekly jobless claims fall more than expected
Initial claims for state unemployment benefits dropped 11,000 to a seasonally adjusted 211,000 for the week ended April 6, the Labor Department said on Thursday. Economists polled by Reuters had forecast 215,000 claims in the latest week.
11.04 / 13:41
Reuters
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Goldman Sachs names insider Carey Halio its global treasurer
Goldman Sachs' Chief Strategy Officer Carey Halio will replace Philip Berlinski as its global treasurer, the bank announced in an internal memo seen by Reuters on Thursday. Halio had joined the Wall Street giant as a summer associate in 1999 in the credit risk division. She rejoined the company in the same team in 2000 and became the deputy treasurer of the bank and the chief of Goldman Sachs Bank USA while earning the coveted partner rank in 2016.
11.04 / 11:41
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Hong Kong set to approve first crypto ETF
The move would make Hong Kong the first domicile in the Asia-Pacific region to approve a crypto-backed, exchange-based investment fund. It would also put the island in prime position in the race to become the digital assets hib for the region.
11.04 / 07:01
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Rate Cut
US Fed rate cut unlikely in June as US inflation hots up. What this means for Indian investors and what should they do?
US inflation beats Wall Street estimates, rises 0.4% in March; Fed's June rate cut hopes fade away The US CPI data for March marked the biggest gain in six months (since September 2023). Also Read: Fed rate cuts are now a matter of if, not just when The hotter-than-expected US inflation print for March has dealt a serious blow to hopes of Fed rate cuts in June. Experts underscore that US Fed swap markets are discounting the possibility of only two rate cuts this year, compared to the six rate cuts expected at the beginning of the year and three rate cut expectations in March.
11.04 / 04:29
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Dollar firms, yen skids as Fed cut wagers crumble
Fed starting its rate-cutting cycle in June, while the yen languished at the levels last seen in the middle of 1990. The yen's slide to a 34-year low of 153.24 per U.S. dollar on Wednesday brought intervention fears back as authorities in Tokyo reiterated that they would not rule out any steps to deal with excessive swings.
11.04 / 01:47
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‘Looking forward to meeting with PM Modi’: Elon Musk confirms visit to India
Tesla chief Elon Musk to meet PM Modi during India visit from April 22, announce investment plans As per the Hindu Businessline report, Tesla has been scouting for a local partner to establish an EV unit in India. Citing sources, the English daily said, Tesla is in talks with Mukesh Ambani's Reliance Industries (RIL) to form a joint venture to set up a EV facility in the country. Besides, Financial Times earlier this month reported that Elon Musk had sent a team to India in April to scout for sites for a proposed $2 billion to $3 billion electric car plant.
11.04 / 00:47
10.04 / 17:55
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Strategy
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International
Gold Prices
Gold prices drop from all-time highs over strong US inflation figures
Gold price today: Gold rates move higher on MCX; what should be your strategy for MCX Gold today? Even though bullion is often touted as a hedge against inflation, its attractiveness tends to diminish in periods of elevated interest rates. On Tuesday, bullion prices reached an all-time high of $2,365.09. "Since mid-March, both gold and silver prices have been steadily climbing, reaching all-time highs in both international and domestic markets.
10.04 / 12:03
Reuters
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Elon Musk coming to India this month, may announce Tesla's India plan during meeting with PM Modi
Tesla chief Elon Musk will visit India this month to meet Prime Minister Narendra Modi and is expected to make an announcement related to his plans to invest and open a new factory in the country, two sources with direct knowledge said. The billionaire executive will meet Modi in the week of April 22 in New Delhi, and will separately make an announcement about his India plans, said the two sources, who declined to be named as the trip details are confidential. Modi's office and Tesla did not respond to a request for comment. Musk's final India trip agenda could still change.
10.04 / 10:57
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Rupee closes stronger but state-run banks' dollar buys erode gains
currency's gains after it touched the strongest level in nearly three weeks. The rupee closed at 83.1850 against the U.S. dollar, up 0.16%, compared with its previous close at 83.3150. The currency rose to an intra-day high of 83.16, its strongest level since March 21.
10.04 / 09:23
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Reuters
ETF
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security
Bitcoin
Grayscale CEO sees bitcoin ETF outflows reaching equilibrium
Grayscale Bitcoin Trust may be reaching an equilibrium after months of investor selling, Michael Sonnenshein, CEO of crypto asset manager Grayscale Investments, told Reuters on the latest episode of Inside ETFs. Grayscale has battled to retain dominance of the bitcoin exchange-traded fund (ETF) market since rival offerings from nine other issuers emerged in January, after the U.S. Securities and Exchange Commission (SEC) approved the launch of the products after a decade-long tussle with the crypto industry.
10.04 / 02:59
markets
Reuters
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inflation data
Gold hovers below record peak ahead of inflation data, Fed minutes
Federal Reserve's policy meeting and crucial inflation data for cues on the timing and extent of interest rate cuts. FUNDAMENTALS
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