Trade Financial News
16.11 / 04:49
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beautiful
Impact of distribution changes was higher than what we expected: Varun Alagh, Honasa Consumer CEO
Beauty and personal care company Honasa Consumer, which runs brands like Mamaearth, fell to a net loss in the September quarter while operating revenue declined. The company was hit by a restructuring exercise in its distribution and supply chain wherein it is shifting from a super-stockist model to appointing direct distributors. The quarterly performance lagged the Gurugram-based company's internal projections, cofounder and CEO Varun Alagh told ET's Pranav Mukul. Edited excerpts:
16.11 / 04:49
markets
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Election
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US stocks sink on Powell rate-cut caution, Trump cabinet picks
Wall Street's main indexes closed lower on Friday, with the S&P 500 and Nasdaq notching their biggest one-day losses in two weeks, on concerns about slower interest-rate cuts and as investors reacted to cabinet picks by U.S. President-elect Donald Trump. Federal Reserve Chair Jerome Powell on Thursday cited ongoing economic growth, a solid job market, and inflation above the U.S. central bank's 2% target as reasons it can afford to be careful with the pace and scope of future rate cuts.
16.11 / 04:49
16.11 / 04:49
markets
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Bitcoin
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Dollar notches weekly gain as traders reassess rate cut expectations
interest rate cuts and with the view that President-elect Donald Trump's policies could be inflationary. The dollar has benefited from market expectation that Trump administration policies, including tariffs and tax cuts, could stoke inflation, leaving the Federal Reserve less room to cut interest rates.
16.11 / 04:49
markets
Analysis
Election
NVIDIA
Nov
Trade
Experts
Wall St Week Ahead-Nvidia results in focus as stock market's election boost stalls
A nearly 800% run in shares of Nvidia over the past two years, driven by its gold standard AI business, has propelled the semiconductor company to the world's top spot by market value.
16.11 / 00:49
markets
Digital
Action
Analysis
Sustainability
Trade
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Over 1,700 lobbyists for fossil fuels given access to COP29
fossil fuel lobbyists with 1,773 registered participants are only outnumbered by delegations of three countries — host Azerbaijan (2,229), COP30 host Brazil (1,914), and Turkiye (1,862). The list of lobbyists include 24 from India as well. Among Indians, mostly (17) came as a delegation from the Federation of Indian Chambers of Commerce and Industry (FICCI), three from CII and remaining four representing different NGOs. The list of Indians also shows the name of a senior functionary, Pravin Dongre (executive director) from public sector oil company, Indian Oil Corporation. The list, accessed by TOI, mentioned him as nominated by an NGO, Griha Council, as its guest. Dongre told TOI that he is here to promote global biofuel alliance. He, however, didn't have a clear answer as to why he was in the list of NGO's guest.
15.11 / 22:07
15.11 / 15:37
Dogecoin
markets
Tesla
Trade
Experts
Inside
Courts
Lawsuit claiming Elon Musk rigged dogecoin ends
Investors in the cryptocurrency who said the world's richest person and his electric car company Tesla committed fraud and insider trading are withdrawing their appeal from an Aug. 29 dismissal of their case. They are also withdrawing a bid to sanction Musk's lawyers for allegedly interfering with the appeal, including by demanding payment of their hefty legal fees.
15.11 / 14:51
Target
Extreme
economy
Trade
country
reports
U.S. protectionism could undermine modest growth forecast for eurozone, says EU Commission
The economy of the European Union is headed for only modest growth in coming months as consumers regain some of the purchasing power they lost to inflation, the bloc's executive commission said Friday
15.11 / 11:59
15.11 / 11:55
Digital
Cooper
awards
WhatsApp
Trade
Australia keen to explore opportunities in India's agri-tech space: Govt
Philip Green, who paid a courtesy visit to Agriculture Secretary Devesh Chaturvedi on Thursday, discussed new opportunities for collaboration in agriculture and allied sectors. Highlighting the importance of agriculture in Australia's priorities, Green expressed «keen interest in exploring opportunities within the agri-tech sector». He also stressed the need for continued engagement to identify and unlock new opportunities for trade and cooperation.
15.11 / 11:11
economy
Boeing
Continental
Trade
consequences
Relationships
BoE's Andrew Bailey: We must rebuild UK-EU relations as global economy fragments
Speaking at the Mansion House Financial and Professional Services dinner on Thursday (15 November), the governor urged Chancellor Rachel Reeves to «welcome opportunities to rebuild» post-Brexit relations with the continent. «Now, as I have said many times, as a public official I take no position on Brexit per se. That is important. But I do have to point out consequences. The changing trading relationship with the EU has weighed on the level of potential supply,» he said. «The impact on trade seems to be more in goods than services, that is not particularly surprising to my mind. But...
15.11 / 08:37
markets
Digital
Analysis
Election
Trade
Experts
Bitcoin
Implications of US Election Results on Crypto & Retail Investors
crypto space being no exception. Following Donald Trump's victory, the market has experienced a surge in crypto prices, marking what many consider the beginning of a new bull run. Anush Jafer, Content Lead at Mudrex Research, discussed the implications of Trump's win on the crypto market and retail investor sentiment during a recent ETMarkets live stream.
15.11 / 08:15
15.11 / 08:15
markets
UPS
economy
Election
Trade
show
reports
Asian stocks
Stock market today: Asian stocks are mixed after Wall Street's post-election bonanza wanes
Asian shares are mostly higher after U.S. stocks slipped as the rally following Trump’s election victory cooled further
15.11 / 08:15
UPS
BLOCK
Tapestry
Trade
Maker of Coach handbags calls off merger with company that produces Michael Kors accessories
Fashion company Tapestry says it’s terminating its proposed merger with Capri because the two luxury groups don’t expect to overcome an antitrust challenge within an acceptable time frame
15.11 / 08:15
Google
Platform
Apple
Instagram
Trade
social
Investigations
EU slaps Meta with a nearly 800 million euro fine for engaging in 'abusive' Marketplace practices
European Union regulators hit Facebook parent Meta with a fine of nearly 800 million euros on Thursday for what it calls “abusive practices” involving its Marketplace online classified ads business
15.11 / 07:27
15.11 / 07:19
Dogecoin
markets
UPS
Ethereum
CEO
Trade
Bitcoin
Bitcoin faces profit-taking, trades below $87,500; Ethereum and other cryptos drop up to 17%
Bitcoin saw profit-taking on Friday, trading below $87,500. As of 10:52 am IST, Bitcoin was down 2.7%, trading at $87,498, while Ethereum dropped 5.6% to $3,044 in the last 24 hours.
15.11 / 06:41
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