Trade Financial News

Bitcoin miners, whose computer processors run the world's most popular virtual currency, will soon face the process of "halving" — a quadrennial phenomenon which alters the profitability of the industry. The looming occurrence, due later this month, has helped send bitcoin racing to a string of recent record highs so far this year.

Gold prices were little changed on Thursday, as the U.S. dollar and Treasury yields firmed after hotter-than-expected inflation data tempered hopes for an early interest rate cut.

China has accused the European Union of protectionism and “reckless distortion” of the definition of subsidies in response to a new EU investigation into Chinese wind turbine makers

Pennsylvania state representatives have approved a bill requiring that consumers be notified when artificial intelligence is used to generate content

Delta Air Lines has reported a small first-quarter profit and says travel demand is strong heading into summer

The insolvency administrator of Germany’s only remaining major department store chain says it is set to get new owners after its third spell in bankruptcy protection in four years

Stocks that traded heavily or had substantial price changes on Wednesday: Hexcel, WD-40 fall; Macy's, Roblox rise

Stock Market News: The domestic equity benchmark indices, the Sensex and the Nifty 50, finished Wednesday's session on a positive note as metal, public sector undertakings (PSU) bank, and oil and gas stocks led the way amid mixed global cues ahead of US inflation data. The S&P BSE Sensex gained 0.47% to 75,038.15, while the NSE Nifty 50 rose by 0.49% to 22,753.80, reaching an all-time high in intraday trading for the third straight day.

Eid Al-Fitr, a significant religious observance in the Islamic calendar. Eid Al-Fitr is celebrated by Muslims worldwide, marking the end of Ramadan, the holy month of fasting. This joyous occasion is characterized by special prayers, communal gatherings, feasting, and the exchange of gifts Today, on the occasion of Eid, all liquor vends will be closed as per the directive issued by the Delhi Excise Department.

Stock market holiday: As the entire nation is celebrating Eid-Ul-Fitr or Eid 2024, some of the Indian stock market investors might get confused about whether the Indian share market is open today or not. For such investors, it is better to log in to the official BSE website — www.bseindia.com, and look at the list of stock market holidays in 2024. So, to know an official answer to the question of whether the Indian stock market is open today or not, one needs to look at the list of trading holidays in 2024, which can be found on the official BSE website mentioned above.

This year’s massive crypto rally was driven by the Bitcoin spot market, with on-chain analysis offering a unique look into the current state of the market cycle, according to Glassnode.

Adani Group plans to set up a think tank that will aid policy thinking in three critical areas — energy transition and climate change, economics and trade, and geopolitics and strategic affairs, according to people familiar with the development, who said the unit might be kicked off as early as May. The think tank will be called Chintan Research Foundation and will be incubated with an initial funding of ₹100 crore. This move pitches the infrastructure conglomerate in direct competition with RIL-backed Observer Research Foundation or ORF, a think tank that took shape in 1990. ORF, based in New Delhi, has emerged in recent years as one of India's most high-profile thinktanks.

State Bank of India and ICICI Bank, two of the country's top three lenders, are likely to act as local intermediaries for European banks seeking a plan for third-party clearing after last month's meeting between top Reserve Bank of India (RBI) officials and those from certain European banks, sources told ET. The proposal for local banks to carry out third-party clearing for the European banks comes on the back of a decision by the European Securities and Markets Authority (ESMA) in October 2022 to de-recognise the Clearing Corporation of India (CCIL). ESMA's step came after the RBI refused to permit the foreign body rights of inspection and audit over the CCIL, which hosts the trading platform and provides guaranteed settlement for Indian government bonds and interest rate derivatives. Pending a resolution of the matter, foreign banks have a deadline of October 2024 to stop transacting with the CCIL.

Red Sea due to Houthi attacks on cargo ships. In a letter, which was also addressed to state-run export finance institution Exim Bank, the finance ministry last month told the RBI and Insurance Regulatory and Development Authority of India (IRDAI) to monitor and look into the concerns raised by exporters with the commerce ministry about these disruptions potentially inflating India's export costs, officials said. «After our deliberations with the commerce ministry and other stakeholders, including exporters, it was decided that sectoral regulators will keep a watch and take necessary action wherever possible,» a government official said. Banks have also been briefed separately to factor in such hikes while sanctioning fresh credit limits to exporters and other businesses, the official said.

UBS Group faces a “substantial” increase in regulatory capital requirements under reforms that the Swiss government is advocating for in the wake of the collapse of Credit Suisse.

Gold price today: Gold rates move higher on MCX; what should be your strategy for MCX Gold today? Even though bullion is often touted as a hedge against inflation, its attractiveness tends to diminish in periods of elevated interest rates. On Tuesday, bullion prices reached an all-time high of $2,365.09. "Since mid-March, both gold and silver prices have been steadily climbing, reaching all-time highs in both international and domestic markets.

ALSO READ: US stocks sink after inflation data, Treasury yields jump It stood by its forecast of full year earnings between $6 and $7 per share. The airline predicted that second quarter revenue will be 5 per cent to 7 per cent higher than a year ago. Excluding special items, it earned 45 cents per share, said Delta.

After enduring a disappointing bear market between 2022 and 2023, the crypto market rebounded in 2024. The new year induced bullish momentum and an overall positive sentiment into the crypto market. The rising investor confidence and liquidity prompted investors to pump in fresh capital, pushing the prices of crypto currencies further up. 

Dubai, UAE– April 10, 2024 – Paycio, a UAE-licensed (VARA) crypto payment services provider, aims to make everyday life easier using cryptocurrency and a unique crypto transaction application for users, merchants, and crypto enthusiasts to complete the transactions through Mobile number. Paycio offers many services like Crypto transactions, swapping, and wallet on the site. Crypto is slowly but surely becoming a part of people’s daily lives. Users can utilize crypto for daily transactions with Paycio’s features. Sending crypto from your phone may be as simple as a bank transfer with the correct platform.

The listing comes shortly after eesee’s latest mainnet launch with over 1.6 million wallets connected to its gamified digital assets trading marketplace. 

both Brent and WTI fell more than one per cent. Coming to domestic prices, crude oil futures last traded 0.18 per cent higher at ₹7,115 per barrel on the multi commodity exchange (MCX) platform.