Trade Financial News

Stocks and bonds pushed higher after the latest Federal Reserve minutes and a big downward revision of US payrolls reinforced bets officials will cut rates in September.

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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inter-ministerial panel has cleared five-six investment proposals in the electronics manufacturing sector, which include some pure-play Chinese companies and others with connections to the neighbouring country, people familiar with the matter said. The development is significant as these are among the first such approvals in recent times given border tensions and the scrutiny that investments from China have been attracting in India. Prominent names that have recently got approval include Chinese electronics major Luxshare, which is also a vendor for Apple, and a joint venture (JV) between Bhagwati Products (Micromax) and Huaqin Technology, in which the Chinese company will own a minority stake. Other proposals cleared include some Taiwan-based firms listed in Hong Kong or having investments from there.

The price of gold hit an all time high this week

The top-ten meme coin and soon-to-be trading bot inspired by Elon Musk’s pet Shiba Inu of the same name, Floki ($FLOKI), is the best performing large-cap doge-themed coin of the last seven days.

U.S. stocks are holding relatively steady after more big companies delivered profit reports that topped analysts’ expectations

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.

Japan racked up a 621 billion yen, or $4.3 billion, trade deficit in July, as prices of imports surged

The leaders of India and Malaysia say they will seek to expand economic ties and strengthen cooperation on defense and security

U.S. stocks ticked lower and snapped an eight-day winning streak, the longest of the year

A federal judge in Texas has blocked a new rule from the Federal Trade Commission that would have made it easier for employees to quit a job and work for a competitor

Brookfield Asset Management Inc. is asking banks to line up about €9.5 billion (US$10.6 billion) of debt for its potential take-private deal for Spanish pharmaceutical producer Grifols SA, according to people with knowledge of the matter.

Nifty ended Wednesday’s session 71 points stronger to form a reasonable positive candle on the daily chart. The headline index is still making a higher high both on the daily and weekly charts. The short-term trend of Nifty continues to be positive with range-bound action. The market is now set to challenge another opening down gap resistance of August 2 around 24,960. Hence, one may expect the index to move towards 24,960 and 25,100 levels in the next one week. Immediate support is placed at 24,650 levels, said Nagaraj Shetti of HDFC Securities.

Domestic benchmark index NSE Nifty ended 71.36 points up at 24770.2, while the BSE Sensex closed 102.44 points up at 80905.3.

Indian shoppers are continuing to buy from retail chains especially when it comes to premium products and during big discount days or festive periods, as per a latest study by market researcher NielsenIQ. The study shows that these big shopping periods contribute 20% of incremental sales for FMCG and 60% for consumer electronic products. Non-food categories grow 1.8 times faster than food during these periods, driven by deep discounts and consumer preference for non-essentials. Categories such as toothpaste, toilet soap, and washing powder lead the charge, benefits with 20-30% incremental sales during big days, it said.

Tanzeel Akhtar has been covering the cryptocurrency and blockchain sector since 2015. She has written for the Wall Street Journal, Bloomberg, CoinDesk and Bitcoin Magazine.

capital on Wednesday, according to the All India Sarafa Association. The yellow metal of 99.9 per cent purity had jumped Rs 1,400 to settle at Rs 74,150 per 10 grams in the previous session on Tuesday. However, silver prices declined Rs 150 to Rs 87,000 per kilogram against Rs 87,150 per kg in the previous close.

Shares of Sunteck Realty Ltd.(up 2.25 per cent) ended the day as top gainers in the pack.

A ban on noncompete agreements that would have widespread impact on employment across industries has been struck down in court.

The stepbrother of a former Goldman Sachs Group Inc. associate was sentenced to a year of probation for trading on inside tips taken from the investment bank and from Blackstone Inc.