Trade Financial News

The national jobless rate held steady at 5.8 per cent in December as employment was “virtually unchanged,” according to Statistics Canada.

₹1 crore annually. The institute said, as per PTI, some of the top recruiters who have visited the campus this season are Accenture, Airbus, Air India, Apple, Arthur D.

Salaar Box Office Collection Day 15: Prabhas' Salaar: Part One- Ceasefire' had a big start at the Box Office following its release before a long weekend that included Christmas. On Friday, the Salaar collection's downward trend continued, the film minted lowest after picking up during the New Year period. As per reports of industry tracker Sacnilk, Salaar minted ₹381.77 crore net at the Indian Box Office within fifteen days of its release.

dollar dropped from three-week peaks on Friday in choppy trading after data showed the U.S. services sector slumped in December, negating gains posted after a report showing higher-than-expected nonfarm payrolls last month. The Institute for Supply Management (ISM) said its non-manufacturing index fell to 50.6 last month, the lowest reading since May, from 52.7 in November.

Gold rate today: In the first week of the new year 2024, spot gold price remained at $2,010 to $2,080 per ounce whereas on Multi Commodity Exchange (MCX), the precious yellow metal traded in ₹62,250 to ₹63,500 per 10 gm range. The gold futures contract for February 2024 expiry on MCX finished at ₹62,579 per 10 gm level, around ₹1,500 away from its lifetime high of ₹64,064 per 10 gm.

Firms looking to launch spot bitcoin exchange-traded funds cleared a major hurdle this week on the path to gaining sign-off from U.S. regulators in coming days.

New Delhi: Union steel minister Jyotiraditya Scindia said India becoming a net importer of steel between April and November this fiscal year is not a concern for the government, terming the imports a drop in the ocean of total steel consumption in the country. “Indian steel production has gone up by 12.9% y-o-y (year-on-year). So, more steel is being produced, but the demand is also much more," he said.

₹171.79 trillion against the provisional estimate of ₹160.06 trillion for FY23 released in May last year. The ministry estimates nominal GDP growth of 8.9% in FY24, lower than the 10.5% estimated in the union budget for this year. However, some economists expect India’s full-year economic growth to range closer to the RBI’s forecast of 7%, as government expenditure, which was high during the first eight months of the ongoing fiscal, is expected to slow down in the last quarter.

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probe agencies, invested the alleged proceeds of crime (PoC) in crypto currency, bogus diamond trade, stock and offshore real estate, the ED probe has revealed. In the 1800-page supplementary prosecution complaint (PC) equivalent to a charge sheet, the federal anti-money laundering agency has also claimed that one of the accused, Asim Das, the courier who allegedly delivered the money to former Chhattisgarh Chief Minister, Bhupesh Bagel, and who had subsequently retracted his statement claimed that he did this 'under influence'. In a fresh statement Das has claimed that he stands by his original statement.

‘Mornings with Maria’ panelists react to December’s better-than-expected jobs report, detailing its expected impact on the labor market and U.S. economy.

The absence of the traditional Santa Claus rally, a period typically marked by positive market trends during the last five days of December and the first two days of January, has raised concerns among investors.

Analysts at Jefferies provided their view on the software sector in a recent research note, upgrading Dynatrace Inc. (NYSE:DT), monday.com Ltd. (MNDY (NASDAQ:MNDY)), Freshworks Inc (FRSH), and Instructure (INST) to Buy. They also downgraded Okta, Inc. (NASDAQ:OKTA) and Vimeo (NASDAQ:VMEO) to Hold.

In the ever-evolving world of cryptocurrencies, Bitcoin (BTC/USD) stands out, marking significant strides in the global financial scene. As of January 5th, Bitcoin’s recovery is evident with its price soaring to an impressive $44,900, a notable 2.5% increase in just 24 hours.

Sebi) on Friday reiterated its existing rules on short selling by including its 2007 circular on the subject in the master circular. Short selling involved selling a stock which the seller doesn’t own at the time of trade. Both retail and institutional investors are allowed to short sell securities. But rules do not allow naked short selling in Indian securities market.

government has appointed IAS officer Senthil Pandian C as ambassador to the World Trade Organisation (WTO) in Geneva after Brajendra Navnit’s tenure as India’s ambassador to the global trade watchdog ends on March 31, 2024. The Appointments Committee of the Cabinet (ACC) on Friday approved the appointment of Pandian, a 2002 IAS officer of the Uttar Pradesh cadre, for three years from the date of assumption of charge. Pandian is currently posted as commissioner, excise in Uttar Pradesh. His appointment comes at a time when the world is witnessing inflation, high interest rates and geopolitical tensions. In October, WTO has more than halved its growth projection for world merchandise trade volume for 2023 at 0.8% compared to the 1.7% forecast in April last year due to a continued slump in goods trade. However, the 3.3% growth projected for 2024 remains nearly unchanged from the previous estimate of 3.2%. WTO Director-General Ngozi Okonjo-Iweala said the expected slowdown of trade was a cause for concern because it could depress the living standards of people around the world, particularly in poor countries.

The United Nations has issued a somber global economic forecast for 2024, pointing to challenges from escalating conflicts, sluggish global trade, persistently high interest rates and increasing climate disasters

Crypto investors are eagerly awaiting an imminent ruling from the SEC that will likely approve the trading of a spot bitcoin ETF, more than a decade after initial attempts were rejected. 

Indian navy commandos have safely evacuated 21 crew members from a Liberian-flagged bulk carrier involved in a hijacking attempt in the Arabian Sea

Wall Street is drifting higher after reports showed the job market remains solid, but key parts of the economy still don’t look like they’re overheating

The U.N. Food and Agriculture Organization says global prices for food commodities like grain and vegetable oil fell last year from record highs in 2022