Trade Financial News

Subscribe to enjoy similar stories. TOKYO—Japan’s exports dropped for the first time in 10 months in September, with weak shipments to its major trading partners casting some doubt over the nation’s economic recovery path. Exports fell 1.7% in September from a year earlier, dropping for the first time since November 2023, Ministry of Finance data showed Thursday.

Gold prices held below record levels on Thursday as investors looked forward to a slew of U.S. economic data that could offer more clues on the Federal Reserve's monetary easing path.

Reliance Industries (RIL) will be in focus on Thursday as the oil-to-retail conglomerate has fixed Monday, October 28, 2024 as the record date for determining shareholders eligible for the issue of 1:1 bonus shares. The company received approval from shareholders late Wednesday. The total percentage of votes cast in favour of the bonus issue resolution was 99.92%, with just 0.07% votes against it.

earnings season is underway and as many as 38 companies will announce their numbers for the July-September 2024 period today. Among them are 4 Nifty companies including Infosys, Wipro, Nestle and Axis Bank that will declare their results. Apart from the above, Havells, Polycab, LTIMindtree, Harshil Agrotech, IGC Industries, Indian Overseas Bank, Jindal Stainless, Dhanlaxmi Bank among others will report their quarterly results.

foreign fund outflows and weak trends in global markets Stocks that were in focus include names like Bajaj Auto, which gained 0.9%, LTTS, which jumped 0.12%, and BSE, whose shares declined nearly 5% on Wednesday.

Goldman Sachs said on Wednesday it expects the U.S. Federal Reserve to deliver consecutive 25-basis-point (bps) interest rate cuts from November 2024 through June 2025 to a terminal rate range of 3.25-3.5%. Last month, the U.S. central bank cut the overnight rate by half a percentage point, citing greater confidence that inflation will keep receding to its 2% annual target.

dollar held near an 11-week high on Thursday as uncertainty over the upcoming U.S. election looms and as resilience in the U.S. economy added to bets the Federal Reserve will be less aggressive in easing rates versus its peers elsewhere. The highlight of the Asia day will be a press conference in China at 0200 GMT focused on measures to prop up its beleaguered property sector, which will be key in getting the economy back on steadier footing and determining whether the rally in Chinese markets can continue.

Infosys will be in focus in Thursday's trade as the IT services exporter will announce its results for the quarter ended September 2024 later today. India's second largest software exporter is likely to report healthy numbers in the second quarter, driven by ramp-up of mega-deals and continued demand improvement in the financial services segment.

Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...

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Subscribe to enjoy similar stories. Mumbai: The stock of BSE Ltd has surged this month on market expectation that it will benefit from a regulatory move to curb options trading, but the exchange’s low options premium turnover could dampen the party. BSE’s stock rose 17% through October to touch ₹4,521.85 apiece on Wednesday, compared to a fall of 1.3% for the Nifty Midcap 150 index, of which BSE Ltd is a constituent.

Subscribe to enjoy similar stories. Modern protectionists are desperate to find historical examples of tariffs promoting industrialization and economic growth. To this end, they increasingly argue that 19th-century America’s extraordinary economic success was fueled by high tariffs.

CSX delivered 3% more shipments in the third quarter to help drive its profit 8% higher

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

Bitcoin (BTCUSD), though volatile, has outstripped the returns of the S&P 500 since the beginning of September. The largest cryptocurrency has benefited from investor optimism driven by the Federal Reserve's rate cuts and the U.S. presidential elections, among other factors.

The discussion was moderated by Pradeep S Mehta, founder of CUTS International, who began the session by asking speakers to emphasise on the procedural aspects of policymaking instead of trying to find short-term solutions to complicated political problems. Speaking on the uncertainties of scenarios, he said, “There is a need to look at dynamic variables in scenario building. We will have to focus on the headwinds and tailwinds of the entire process.” The conference delved into various aspects of India's future, with technology emerging as a central theme across all scenarios. Kiran Karnik, former president of NASSCOM, said, “Technology has immense potential to promote decentralisation. Civil society organisations will remain important stakeholders and need to be empowered to conduct independent evaluations.”

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

Leaders and top officials from an international group founded to counter Western alliances have met in Pakistan’s capital, with Moscow and Beijing announcing they will boost cooperation

Simon Chandler is a Brighton-based writer and journalist with over ten years of experience writing about crypto, technology, politics and culture. He has written for Cryptonews.com since late 2017,...

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

In a report published today (16 October), the trade body recommended transitioning to T+1 settlement by autumn 2026, a timeline it described as «achievable» despite the more complex market infrastructure compared to the US. However, it argued that although the 15-month timeline for a May 2024 implementation was considered «sufficient» for the US, some sectors in European markets may need a longer transition period than 24 months to prepare.  The political and regulatory timelines of both the UK and EU may make Autumn 2026 «challenging», the IA said, calling for regulatory bodies in th...