Trade Financial News

imports declined, government data showed on Tuesday. The trade deficit contracted 2.0% to $63.2 billion, the Commerce Department's Census Bureau said. Data for October was revised slightly to show the trade gap widening to $64.5 billion instead of $64.3 billion as previously reported.

Defence Minister Rajnath Singh was on Tuesday given full ceremony Guard of Honour at the Horse Guards Parade grounds in London. There was a special parade by the British Army's Number 7 Company Coldstream Guards and the Band of the Irish Guards. The regiments represented on parade are among the most historic in the British Army. Ceremonial welcomes of this nature are considered special and memorable moments of high honour from one nation to another. Following the ceremony, Rajnath Singh and his UK counterpart, Secretary of State for Defence, Grant Shapps, retired to the Ministry of Defence to discuss shared future military commitments and joint training opportunities Singh on Tuesday also paid homage to Mahatma Gandhi at his statue in Tavistock, London. Later on Tuesday, the Defence Minister will depart for the Ambedkar Museum.

US Department of Labor on Tuesday issued a final rule that will force companies to treat some workers as employees rather than less expensive independent contractors, in a move that has riled business groups and will likely prompt legal challenges. The rule is widely expected to increase labour costs for industries that rely on contract labour or freelancers, such as trucking, manufacturing, healthcare and app-based "gig" services. Most federal and state labour laws, such as those requiring a minimum wage and overtime pay, apply only to a company's employees.

Immediate Bitnex claims to provide users with a new way to trade crypto that’s simple, more attuned to investors’ needs, and more streamlined.

TCS Q3 Results Preview: Expect muted earnings growth; deal wins, outlook on near-term demand to be in focus In the last two months, there has been a positive transformation in the global macroeconomic landscape. Anticipations include robust growth in the US, earlier-than-expected interest rate reductions in both the US and Asian regions, and a projected mild depreciation of the dollar throughout the year.

Investing.com — Boeing (NYSE:BA) shares were marginally lower in premarket U.S. trading on Tuesday after two airlines reportedly discovered loose parts on some grounded models of the planemaker's 737 Max 9 jet, threatening to compound growing safety concerns following a dangerous mid-air blowout on an Alaska Airlines flight last week.

CoinDCX is offering a 1% bonus to all investors who wish to shift their holdings to the platform in a bid to capitalise on the government’s crackdown on offshore crypto trading platforms. CoinDCX has earmarked $1 million as incentives for investors looking to withdraw from offshore crypto exchanges, with a cap of Rs 10,000 per person. Through this initiative, the exchange expects a 500% surge in fresh inflows, contributing to an overall 10,000% increase in cryptocurrency deposits, Minal Thakur, EVP, Growth & Strategy at CoinDCX told ET. “In alignment with our unwavering commitment to the community, we have dedicated $1 million to incentivise users transitioning to CoinDCX,” Thakur said.

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Match Group's (NASDAQ:MTCH) shares experienced an 8.3% surge in premarket trading Tuesday.

Citi strategists lowered their rating on Netflix (NASDAQ:NFLX) today, causing shares to fall about 2% in pre-market trade.

Investing.com -- U.S. stock futures pointed lower on Tuesday, suggesting a possible retreat from gains in the prior session that stemmed in part from a rally in shares in chip designer Nvidia (NASDAQ:NVDA). Elsewhere, two airlines reportedly discover loose parts on some of their grounded models of Boeing's (NYSE:BA) 737 Max 9 jet, adding to scrutiny on the planemaker that has been building since a dangerous mid-flight blowout on a single version of the aircraft last week.

Investing.com-- Gold prices rose slightly in Asian trade on Tuesday, recovering from a rough start to the year as markets reassessed expectations for early interest rate cuts by the Federal Reserve before key U.S. inflation data due this week.

Investing.com — European stock markets traded in a mixed fashion Tuesday, as investors digested weak German economic data as well as a positive overnight close on Wall Street. 

Voltas Ltd. traded 1.08 per cent higher in Tuesday's session at 11:52AM (IST). The stock opened at Rs 990.1 and has touched an intraday high and low of Rs 1003.05 and Rs 990.1, respectively, during the session so far.

Carta Inc., a fintech firm that works with startups, is getting out of the stock sale business following a controversy over its use of customer data. In a blog post Monday night, Carta chief executive officer Henry Ward said the company will stop its work in secondary share trading, a business it was pushing into alongside its service managing startups’ investor information, or cap tables.

BSE at 12:08PM (IST) on Tuesday, up 0.62 per cent from previous close. The stock quoted a 52-week low price of Rs 557.15 and a high of Rs 926.7. Earlier, shares of the company saw a gap up opening in the morning.

Total sales grew 1.7% in December, compared with almost 7% growth a year earlier, the British Retail Consortium and consultancy KPMG said in a report Tuesday. Sales of non-food items declined over the three months to December, with shoppers particularly avoiding big-ticket purchases such as furniture and homeware. Clothing, jewelry and technology were other gift categories that struggled. 

An indefinite strike announced by the state’s transport workers’ unions began Tuesday ahead of the Pongal festival holidays in Tamil Nadu over their demand to release the payout of Dearness Allowance dues that have been pending for eight years. The workers have alleged that their demands are not being considered by the state administration.

DCM Shriram Industries Ltd.(up 9.98%), EID Parry(India)Ltd.(up 1.94%), Mawana Sugars Ltd.(up 0.62%), Bajaj Hindusthan Sugar Ltd.(up 0.53%), Ugar Sugar Works Ltd.(up 0.42%), Dalmia Bharat Sugar and Industries Ltd.(up 0.38%), Vishwaraj Sugar Industries Ltd.(up 0.29%), Dwarikesh Sugar Industries Ltd.(up 0.23%), Rana Sugars Ltd.(up 0.21%) and Shree Renuka Sugars Ltd.(up 0.21%) were among the top gainers. Rajshree Sugars & Chemicals Ltd.(down 1.02%), Uttam Sugar Mills Ltd.(down 0.69%), Bannari Amman Sugars Ltd.(down 0.69%), Magadh Sugar & Energy Ltd.(down 0.68%), Kothari Sugars & Chemicals Ltd.(down 0.63%), Simbhaoli Sugars Ltd.(down 0.34%), Avadh Sugar & Energy Ltd.(down 0.18%), Triveni Engineering & Industries Ltd.(down 0.10%), Ponni Sugars(Erode)Ltd.(down 0.03%) and Balrampur Chini Mills Ltd.(down 0.02%) were among the top losers.

Federal Bank Ltd. traded 1.03 per cent up at Rs 151.75 at 10:56AM (IST) on Tuesday, even as BSE benchmark Sensex gained 576.59 points to 71931.81. The stock had settled at Rs 150.2 in the previous session.