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Two missiles suspected to have been fired by Yemen’s Houthi rebels have targeted a ship in the Gulf of Aden

Chinese manufacturing contracted for a fourth consecutive month in August, official data showed Saturday, a worse-than-expected result reflecting the world's second-largest economy's struggle to recover. China is facing a crisis in its vast real estate sector as well as lackluster confidence among households and businesses, which is hindering consumption, while geopolitical tensions with Washington and the European Union threaten foreign trade. In August, the Purchasing Managers' Index (PMI) — a key barometer of industrial output — stood at 49.1 points, the National Bureau of Statistics (NBS) announced.

Sebi proposes mandate for regulated entities to maintain stakeholder communication records “It has been observed that merchant bankers are engaged in private placement activities pertaining to unlisted companies, advisory services for projects and syndication of rupee term loans, which are outside the domain of SEBI," the paper said. Arguing that such activities pose significant regulatory and systemic risks, the regulator proposed an overhaul of its regulations governing merchant bankers. Sebi’s paper clarified that merchant bankers—excluding banks and public financial institutions—will undertake only those activities that are related to the securities market and fall under Sebi’s jurisdiction.

Sebi) has tightened the eligibility criteria for stocks to be a part of the futures and options (F&O) segment. The regulator wants stocks that are part of the derivatives market to be more liquid and traded by a wide set of market participants to prevent manipulation and lower risks to the system.

Federal Reserve will cut interest rates modestly in September. U.S. consumer spending increased solidly in July, suggesting the economy remained strong while prices rose moderately.

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...

The quarterly figure was in line with an ET poll median estimate of 6.85%, slipping from 7.8% in the last quarter of FY24 and 8.3% in the year before. The Reserve Bank of India (RBI) had forecast 7.1% growth for the quarter. However, gross value added, which strips out indirect tax and subsidies, is estimated to have grown 6.8% compared with 6.3% in the preceding quarter. «India was the fastest-growing major economy in the June quarter. Data shows better alignment between demand and supply sides of the economy in the quarter,» said chief economic adviser V Anantha Nageswaran.

Adani Ports & Special Economic Zone Ltd (APSEZ) Friday said it has agreed to buy an 80% stake in Dubai-based Astro Shipping Company for $185 million (about ₹1,551 crore) as part of its strategy to expand fleet and boost earnings. «Astro's acquisition is part of our plan to become one of the world's largest marine operators,» said Ashwani Gupta, wholetime director and CEO of APSEZ. «Astro will add 26 ships to our current fleet of 142 tugs and dredgers, making a total of 168 ships. This will also give us access to many important customers and strengthen our presence in the Arabian Gulf, Indian subcontinent, and Far East Asia.» The deal valued Astro Shipping at $235 million. The company offers maritime services including ship management, shipping agency, freight forwarding, and chartering.

The Canadian economy grew at a faster-than-expected annualized pace of 2.1 per cent in the second quarter of the year, but early indications point to a loss of momentum going into the third quarter.

Modi Friday laid the foundation stone for the Vadhavan Port project in Maharashtra's Palghar district, near Dahanu town. The port is set to become one of India’s largest deep-water ports, with a total project cost of Rs 76,220 crore. Vadhavan Port, a joint venture between Jawaharlal Nehru Port Authority and Maharashtra Maritime Board, will enhance India’s maritime infrastructure. It will feature 9 container terminals, 4 multipurpose berths, 4 liquid cargo berths, a Ro-Ro berth, and a Coast Guard berth, with a depth of 20 meters, handling vessels up to 24,000 TEUs. Modi described the day as historic for both Maharashtra and India’s development. He stated, “The Vadhavan Port will be the country’s largest container port and will be counted among the world’s deep-water ports. It will become an epicenter of trade and industrial development for Maharashtra and India.”

The $1.2 billion market cap meme coin Floki ($FLOKI), the sixth biggest in the $42 billion meme coin sector, has overnight fallen 20% to trade at $0.0001268.

Base Dawgz ($DAWGZ) concluded its token presale on Thursday, successfully raising nearly $3.2 million after a little over two months of fundraising efforts.

ONGC is seeking US exemption to get operational control of its fields in sanctions-hit Venezuela, a top executive said, adding that the Latin American country has already agreed to it in principle. ONGC has stakes in two Venezuelan oil fields — Sancristobal and Carabobo-1 — but has been unable to receive its share of income for years, first due to enduring financial troubles in the Latin American country and then the imposition of the US sanctions that blocked oil trade and payment channels. ONGC hasn’t been able to repatriate about $500 million of dividends from Venezuela. In both fields, the Venezuelan state firm PDVSA has the majority stake and controls the operation and finances of the fields even though ONGC is technically the joint operator.

SOL GameFI breakout token $DICE, issued by established top casino Mega Dice, provides its last chance to buy cheap before the final presale price increase in four days.

Arslan Butt is a professional live webinar speaker and derivatives (cryptocurrency, forex, commodities, and indices) analyst. He brings a broad range of skills to help beginners evaluate financial...

Shares of TVS Motor Company Ltd.(up 2.25 per cent), Bosch Ltd.(up 2.08 per cent), Mahindra & Mahindra Ltd.(up 1.74 per cent), Hero MotoCorp Ltd.(up 1.51 per cent) and Ashok Leyland Ltd.(up 1.05 per cent) ended the day as top gainers in the pack.

Harvey Hunter is a Junior Content Creator at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.

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Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Shares of Au Small Finance Bank Ltd.(up 7.56 per cent), Bandhan Bank Ltd.(up 3.29 per cent), Punjab National Bank(up 0.91 per cent), IDFC First Bank Ltd.(up 0.84 per cent) and ICICI Bank Ltd.(up 0.6 per cent) ended the day as top gainers in the pack.

Global shares are mostly higher as markets continued to be moderately optimistic about the prospects of technology companies and the relative health of global economies