Trade Financial News

Bank of America’s fixed income traders were the darlings of 2023 (if you excuse a tough Q4), but the bank’s Q1 results suggest that they might not necessarily repeat that feat in 2024.

Mint explains: These are platforms where foreign exchange transactions can take place. They are used by corporates and traders to hedge their foreign currency risks. These transactions can be on over-the-counter (OTC) spot or derivatives platforms authorized by the RBI.

Gold prices likely to go up to $3,000 an ounce: Citi Report Additionally, Monday's data revealed that U.S. retail sales had surpassed expectations for March. Concurrently, 10-year Treasury yields had risen for the second consecutive day, diminishing the attractiveness of non-yielding bullion.

₹76.57 crore at the box office since release on 29 March, while Ajay Devgn’s horror thriller Shaitaan had earned ₹147.99 crore from 8 March. Political drama Article 370 has clocked in ₹82.37 crore since its release on 23 February.

Stocks that are trading heavily or have substantial price changes on Tuesday: UnitedHealth Group, Morgan Stanley rise; PNC Financial, Live Nation fall

high crude oil prices threatens to widen the trade deficit in the current fiscal. According to a research report by ICICI Bank, if crude oil prices remain in $80-90/barrel range, trade deficit should be $266 billion for FY25. It could go up to $276 billion if oil prices move up by another $10 per barrel.

MUMBAI, NEW DELHI : Indus Towers expects Vodafone Idea to clear all its pending dues in one go, the top executive of the tower provider said on Tuesday, a day after the country's third-largest telecom operator said that the proceeds of the ₹18,000-crore follow-on public offer (FPO) would not be used for paying vendor or government dues. "We are pleased to see the positive developments on Vodafone Idea’s fundraise and expect that VI will clear over-dues of Indus in its entirety. We remain committed to supporting all our customers in their growth plans and are best positioned to do the same for VI," Indus Towers' managing director and chief executive Prachur Sah told Mint in response to queries.

Chunky bootmaker Dr. Martens is warning of a tough year ahead

intercepted a suspicious dhow on Monday and apprehended 940 Kg narcotics from it. The operation, executed with precision by the ship's specialist boarding teams and MARCOs (Marine Commandos), resulted in the confiscation of a staggering 940 kilograms of contraband narcotics. The seized drugs, indicative of illicit trafficking activities in the region, are being disposed of in accordance with the established procedures outlined in the CMF (Combined Maritime Forces) Standard Operating Procedures (SOPs).

India opened up its market for several US products which have benefitted American farmers, a top Biden administration official told lawmakers on Tuesday. The steps taken by India have given more market access for turkey, duck, blueberries, and cranberries benefiting farmers from several American states, US Trade Representative Katherine Tai told members of the House Committee on Ways and Means on President Biden's 2024 Trade Policy Agenda. «Last June, India and the United States terminated six WTO disputes, and India agreed to remove retaliatory tariffs on several US products,» Tai said. «This means improved access for chickpeas, lentils, almonds, walnuts, and apples benefiting farmers across the country, including in Michigan, Oregon, and Washington,» she said.

According to the firm's trading update, its AUM climbed to £17.6bn in the period, up from £13.9bn at the end of 2023. Tatton AM assets jump by nearly 20% on MPS demand This was the culmination of the group's three-year ‘Roadmap to Growth' strategy, which set a target of £15bn AUM by 31 March 2024. Across the three years, Tatton AM recorded £5.4bn «organic net inflows». «We look forward to announcing our new target when we release the full year results in June,» it said. The group's audited final results are scheduled to be released on 18 June 2024, according to the notice. Ta...

The trust's net asset value increased 0.8% on a total return basis for the period. The share price was up 0.5% on a total return basis, trailing the FTSE All Share's 4.8% gains. Over ten years, the trust generated the second highest returns out of the IT UK Equity Income sector (106.3%). Near term, however, it has struggled, dropping to 13th out of 19 portfolios over three and five years, according to data from FE fundinfo. The trust is currently trading at a 7.2% discount to NAV, according to the Association of Investment Companies, wider than the sector's 6.3% average. ...

Morgan Stanley’s traders delivered first-quarter revenue that exceeded expectations as its wealth management juggernaut also got back on track — both handing a key win for its new leader Ted Pick.

₹64.90 to ₹59.50 per share year-to-date (YTD), marking a decrease of approximately 8.32 per cent during this period. Yet, according to the Anand Rathi stock research team's assessment, the stock has transitioned beyond its base building phase and is poised to deliver significant upside potential.

The stock price for Donald Trump’s social media company is sliding again

The world installed 117 gigawatts of new wind power capacity in 2023, a 50% increase from the year before, making it the best year for new wind projects on record, according to a new report by the industry’s trade association

Bank of America said its first-quarter profits fell 18%, as the bank dealt with higher expenses due to the impact of higher interest rates

UnitedHealth Group trounced first-quarter expectations even as costs from a cyberattack to its Change Healthcare business ate into its performance

The International Monetary Fund has upgraded its outlook for the global economy, saying the world appears headed for a “soft landing” — reining in inflation without much economic pain and producing steady if modest growth

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