Trade Financial News

The Labor Department issues its weekly tally of new unemployment benefit claims on Thursday

Stocks are closing lower as Wall Street ends a holiday-shortened week on a down note

Canadian Cabinet ministers met with President-elect Donald Trump's nominee for commerce secretary at Mar-a-Lago on Friday as Canada tries to avoid sweeping tariffs when Trump takes office.

During their debate Joe Biden and Donald Trump engaged in silly finger-wagging about who had expanded the deficit most. But neither had any sort of plan to deal with mounting deficits and mountainous debt. Consolidated government gross debt has reached 123 per cent of U.S. GDP, heading for 134 per cent in 2030. With rising interest rates, Democrats’ devotion to more spending and Republicans’ to tax cuts means the debt can only rise, and with it the likelihood of financial stress. That incumbent governments are floundering should surprise no one. This week it’s happening in the U.K. and France. This fall and next year it may happen in the U.S. and Canada. You mess up economically and voters punish you. To paraphrase Bill Clinton: “It’s almost always the economy, stupid.” —

BRAMPTON, Ont. — Loblaw Cos. Ltd. and its parent company George Weston Ltd. say they have both entered into automatic share purchase plans with brokers.

A Bitcoin rally is fizzling in the final days of a record-breaking year for the digital asset, as investors assess the remaining impetus from U.S. President-elect Donald Trump’s embrace of the cryptocurrency sector.

Markets watchdog Sebi on Friday clarified the rules for transfer and transmission of shareholding among immediate relatives for investment advisers, research analysts, and know your client (KYC) registration agencies (KRAs). The move aims to streamline regulatory compliance and protect investor interests while ensuring transparency in the functioning of these intermediaries. With regards to transfer among immediate relatives, Sebi, in its circular, clarified that transferring shares among immediate relatives will not constitute a «change in control.»

«The Securities and Exchange Board of India (Sebi) hereby notifies that, the recognition granted to the Indian Commodity Exchange Ltd stands withdrawn with effect from the date of publication of this notification in the official gazette,» Sebi said in its notification dated December 24.

Kevin O'Leary has stated that approximately half of Canadians are interested in Donald Trump's proposal to merge the United States and Canada. This claim has sparked intense discussion about the potential implications of such a union.

capital on Friday on the back of continued buying by jewellers and depreciation in the rupee, according to All India Sarafa Association. Traders said the safe-haven asset is also strengthened by escalating geopolitical tensions stemming from the ongoing Russia-Ukraine war and tensions in the Middle East. The yellow metal on Thursday settled at Rs 78,850 per 10 grams.

Domestic benchmark index NSE Nifty ended 63.21 points at 23813.4, while the BSE Sensex closed 226.59 points up at 78699.07.

Simbhaoli Sugars Ltd.(up 1.65%), Triveni Engineering & Industries Ltd.(up 1.28%), Ugar Sugar Works Ltd.(up 1.26%), Avadh Sugar & Energy Ltd.(up 1.09%), EID Parry(India)Ltd.(up 0.77%), Rajshree Sugars & Chemicals Ltd.(up 0.58%), Sakthi Sugars Ltd.(up 0.52%), KCP Sugar & Industries Corporation Ltd.(up 0.35%), Vishwaraj Sugar Industries Ltd.(up 0.28%) and Balrampur Chini Mills Ltd.(up 0.05%) stood among the top gainers.

index BSE Sensex surged 398% or nearly five times between 2004 and 2014, climbing from 4,961 to 24,693, when then Prime Minister Manmohan Singh was at the helm. The 30 stock index ended positive on 8 out of 10 occasions during his tenure. The highest Sensex return of 81% came in 2009 followed by 47%, each in 2006 and 2007. In 2004, 2005, 2010, 2012 and 2013, the returns were at 33%, 42%, 17%, 26% and 9%, respectively.

Shares of IndusInd Bank Ltd.(up 2.31 per cent), IDFC First Bank Ltd.(up 1.25 per cent), ICICI Bank Ltd.(up 0.79 per cent), Au Small Finance Bank Ltd.(up 0.72 per cent) and HDFC Bank Ltd.(up 0.42 per cent) ended the day as top gainers in the pack.

DAM Capital Advisors made a strong debut on the exchanges, listing at a 39% gain over its issue price. The IPO received a significant investor subscription of nearly 82 times. DAM Capital is the fastest-growing merchant bank in India, achieving the highest revenue CAGR from FY22 to FY24 and the best profit margin among peers in FY24.

Han Duck-soo, who was impeached on Friday as South Korea's acting president, is a career technocrat whose wide-ranging experience and reputation for rationality failed to shield him from growing political turmoil.

The S&P BSE Sensex settled at 78,699, up by 226.6 points or 0.29% while the broader Nifty 50 index closed at 23,813.40, higher by 63.20 points or 0.27%.

Fujita Corporation backed Neilsoft, a technology-driven, pure-play engineering services and solutions (ER&D) company with over 20 years of experience in servicing global customers, has filed its Draft Red Herring Prospectus (DRHP) with capital markets regulator, Securities and Exchange Board of India (SEBI) to raise funds through Initial Public Offering (IPO). The IPO, with a face value of Rs 5, is a mix of fresh issue of shares up to Rs 100 crore and an offer-for-sale for sale up to 8 million shares by promoters and other selling shareholders.

The IPO, with a face value of Rs 10, combines a fresh issue of up to 36 lakh equity shares and an offer for the sale of up to 42 lakh equity shares by promoter-selling shareholders.

Cochin Shipyard share price jumped 5% to hit its upper circuit limit of Rs 1,532 on BSE on Friday after the defence PSU player got Rs 450 crore order from Adani Ports. The Adani Group company said it has given Rs 450 crore order to Cochin Shipyard's subsidiary Udupi Cochin Shipyard to make eight state-of-the-art harbour tugs.