Trade Financial News

May 22nd, Panama – Gate.io, a leading crypto exchange and Web3 innovator, has announced its 11th-anniversary celebrations, showcasing its milestones and launching prize-winning activities for its global user base. Since its founding in 2013, Gate.io has actively worked to create a secure and cutting-edge platform for cryptocurrency users worldwide. Under the leadership of Founder and CEO Dr. Lin Han, the platform has prioritized user asset security, technological advancement, and exceptional user experience.

Cryptocurrency’s popularity is on the rise on a global scale. The increased popularity is due to the technological advancements and numerous opportunities which it makes available. The advent of cryptocurrency encouraged decentralisation, which gives investors control over funds and makes financial freedom easy to attain.

Shares of Balkrishna Industries Ltd.(up 2.0 per cent), Apollo Tyres Ltd.(up 1.69 per cent), Samvardhana Motherson International Ltd.(up 1.3 per cent), Eicher Motors Ltd.(up 0.49 per cent) and Maruti Suzuki India Ltd.(up 0.47 per cent) ended the day as top gainers in the pack.

Indian rupee ended slightly stronger on Wednesday after dollar demand from local importers prompted the currency to shed gains from a six-week high hit earlier in the session. The rupee closed at 83.28 against the U.S. dollar, marginally stronger than its close at 83.3050 in the previous session. The rupee climbed to an intra-day peak of 83.2250, its highest since April 10.

In one sense, US President Joe Biden’s punitive new tariffs on Chinese electric vehicles (EVs) are indeed necessary, just as he argues. What makes them so are the enormous sums that the administration is devoting to expanding US capacity to produce its own EVs. An almost-invariable characteristic of industrial policy is to start with one dumb idea, after which many more then follow—by necessity.

The Zeal wallet, now available as a browser extension and mobile app, facilitates both onchain and everyday payments using a crypto Visa debit card from Gnosis.The launch of Zeal comes on the back of a strategic partnership inked with Gnosis earlier this month, which also includes a $2 million investment.Hannes Graah, Zeal founder and former VP of growth at Revolut, says: “Spending crypto is hard — many think of crypto as an online casino due to its volatile price movements. Wallets have reinforced this perception by focusing heavily on trading. Zeal’s new approach combines a feature-packed EVM-wallet with a Visa card that lets people buy a coffee or connect to Uniswap from the same app.

LONDON — British regulators on Wednesday dished out a combined £61.6 million ($79 million) in fines to U.S. investment bank Citi for failings in its trading systems and controls.

Modi has highlighted economic growth as one of his biggest achievements. He has «guaranteed» the voters that he would make India the third largest economy, two notches higher than its current position if he gets a third consecutive term. He has said that the development done in the last 10 years was just an appetizer and the main course would come in the third term Click here to participate in our Lok Sabha Elections Survey to gauge the mood of the nation Confident of a win even as many analysts too see him cruising to a third term, Modi has also set an ambitious 100-day agenda if he returns to power. Addressing an election rally in Mumbai about a week ago, he announced that the blueprint for the first 100 days of his third term is ready. He stated that his 100-day plan would begin promptly after June 4 to avoid any delays in decision-making.

GAIL (India) Ltd. traded 1.46 per cent down in Wednesday's trade at 02:09PM (IST). Around 1,610,673 shares changed hands on the counter. The counter opened at Rs 207.0 and touched an intraday high and low of Rs 207.0 and Rs 198.25, respectively, in the session so far. The stock of GAIL (India) Ltd. quoted a 52-week high of Rs 213.7 and a 52-week low of Rs 103.2.

Maldives on Wednesday said both India and China have agreed to cooperate in efforts to pay for imports in their respective countries' currency instead of the US dollar, which is likely to help Male save almost 50 per cent of the annual USD 1.5 million imports bill from the two countries. Maldives' Economic Development Minister Mohamed Saeed said he met with the Indian High Commissioner Munu Mahawar two weeks ago, who in turn, said that New Delhi would support and cooperate in arranging for the settlement of import payments in Indian Rupee. Similarly, Saeed said, he received a letter from China's Commerce Ministry, two days ago, in which Beijing provided assurance it will cooperate in allowing the option to settle import payments in Yuan, the Chinese currency, as requested by President Mohamed Muizzu. Annually, Maldives imports goods worth USD 780 million and USD 720 million from India and China respectively, the minister had said in April when he had first announced that the Maldives was discussing with India and China if the island nation can make payments for its imports from the country in Maldivian Rufiyaa.

Ashok Leyland Ltd. traded at Rs 209.0 on BSE at 02:04PM (IST) on Wednesday, down 1.13 per cent from previous close. The scrip quoted a 52-week low price of Rs 144.2 and a high of Rs 213.4.

Small-cap stocks are making headlines again, but not for the reasons they were in March. Back then, comments from markets regulator, the Securities and Exchange Board of India (Sebi), had triggered a sell-off. Now, the narrative has flipped.

Hindustan Zinc have nearly doubled investor wealth in a month's time after its shares rallied 8.75% on Wednesday to hit a fresh all-time peak of Rs 807 on BSE. The metal stock's market capitalisation has also crossed the Rs 3 lakh crore mark after 6 days of non-stop rally. Hindustan Zinc is also the best-performing metal stock in the calendar year 2024 with a staggering return of 146% year-to-date.

₹418 apiece on the BSE, extending gains for the third straight session. Sumitomo Chemical shares have gained 7% in one week, while the stock has rallied 12% in the past three months. Brokerage firm Anand Rathi has recommended Sumitomo Chemical India shares as its stock pick of the month.

Mazagon Dock Shipbuilders has excelled, with a stellar return of over 277% in the past year. The company is one of India's leading defence public-sector undertaking shipyards under the Ministry of Defence (MoD). It is principally engaged in building and repairing ships, submarines, various types of vessels, and related engineering products for its customers.

Following two parallel investigations, the investment bank has been fined a total of £61.6m, including a £27.8m penalty from the FCA and a £33.9m fine from the PRA. In a statement, the FCA said it had found that failures in the firm's systems and controls led to $1.4bn of equities being sold in European markets when they should not have been. Ex-Barclays CEO James Staley fined and banned by FCA over ties to Jeffrey Epstein On 2 May 2022, a CGML trader intended to sell a $58m basket of equities but mistakenly created a $444bn order. While the firm's controls blocked $255bn of the ba...

Page Industries Ltd. traded at Rs 35600.0 on BSE at 12:52PM (IST) on Wednesday, up 1.18 per cent. The stock quoted a 52-week low price of Rs 33100.0 and a high of Rs 42850.0. Earlier in the day, the stock saw a gap up opening.

Nifty and Sensex were trading marginally higher on Wednesday driven by contributions from Reliance, Infosys, ITC and Hindustan Unilever. Nifty has rallied nearly 5% in the current calendar year while Sensex has jumped approximately 4% in the same period.

Uniswap Labs filed a 40-page response on Tuesday to the SEC’s Wells Notice, arguing against a potential lawsuit and urging the agency to drop the matter.

President Joe Biden and Donald Trump agree on essentially nothing, from taxes and climate change to immigration and regulation

U.S. stock indexes drifted higher to set more records following another quiet day of trading