Trade Financial News

By Max A. Cherney and Arsheeya Bajwa

By Jonathan Stempel

Vivo and Oppo are appointing Indian distributors in each state as the primary source of product supply to the trade to help resolve a long-standing point of conflict with the Centre. The aim is to localise the distribution structure in India, two industry executives said. Vivo and Oppo are the largest brands of China's biggest smartphone manufacturer BBK Group. Until now, the brands had one or two Chinese-owned and managed distribution companies in each state, referred to as agents. They would in turn channel goods to retailers through local distributors. From next month, Vivo will scrap its agents in Delhi, Punjab and Haryana, having put in place Indian distributors for these states. Lens on Chinese companies

NEW DELHI : Rating agency Moody's on Thursday raised its forecast for India's GDP growth in FY24 to 8% from 6.6% on the back of strong government expenditure and domestic consumption. The upgrade comes a week after the rating agency raised its forecast for India's GDP growth in calendar 2024 to 6.8% from 6.1%.

By David Shepardson

Investing.com — Broadcom reported Thursday fiscal first-quarter results that topped Wall Street estimates on AI-led chip demand and growth in its software business was bolstered the acquisition of VMware (NYSE:VMW).  

On March 6, SEC Chairman Gary Gensler chose not to disclose whether the U.S. Securities and Exchange Commission classifies Ethereum as a security or a commodity, a decision eagerly anticipated by the market in light of its potential impact on the approval of Ethereum ETFs.

By Jamie McGeever

Thursday, March 7th, 2024 – Solana-based meme coin $SMOG ’s price powered 60% higher overnight as the Asian buying frenzy continues and rumors of a Binance listing abound. The dragon coin with a monster 35% of total supply being airdropped is firing up. Its price keeps breaking new ground as its parabolic run-up continues. $SMOG token is valued at $0.28 and could soon be trading at $1 if the present rate of appreciation continues.  Meme coins are outperforming all other altcoin sectors, and beating bitcoin too, as investors search out tenbagger returns. Rare in the world of stocks, 10x gains are far from a rarity in the meme coin space, as $SMOG’s performance shows. Over the past 24 hours $SMOG was the top gainer overall. It was the third-placed overall gainer among the top 500 coins over a seven-day period and is a top trending coin on various trading sites – it reached No.3 on Dextools for instance. 

Discount grocer Aldi plans to add 800 stores across the U.S. in a five-year expansion plan as it looks to capitalize on cost-conscious Americans feeling the pinch at grocery stores

Stocks that are trading heavily or have substantial price changes on Thursday: Burlington Stores, Kroger rise; Victoria’s Secret, Infinera fall

MLB The Show 24 is set to release with an array of exciting game modes, offering players a diverse range of baseball experiences, according to a report by Dexerto. From the beloved Diamond Dynasty to the immersive Road to the Show, the game promises something for every baseball enthusiast. Let's delve into the details of each mode.

Investor psychology can be fickle. Consider this common scenario: The stock market hits a rough patch, and skittish investors bail and park their money on the sidelines, thinking it a «safer» way to ride out the storm.

A staggering $12 million in cryptocurrency was scammed away from Surrey residents last year.

economic strategies underpinning environmental action: What is the core of your research? I’m an environmental economist. My work focuses on policies that create incentives and mobilise finance to tackle climate change, protect forests and restore natural ecosystems as part of climate solutions. Which aspects of the economics of land-use change are becoming key as the environmental crisis grows? It is self-evident, yet remarkable to what extent land-use decisions respond to economic incentives — when the prices of agricultural commodities increase, people plant more crops. When the prices of timber and forest products rise, people shift to planting and tending more trees. This shows there is a role for policies and incentives to move the needle in terms of the choices farmers make. The data shows us how this plays out worldwide. It’s also striking how large the reaction can be — this creates a significant opportunity for well-designed policy to make a difference.

NEW DELHI : India’s foreign minister S. Jaishankar urged Japanese companies to consider “Make in India" initiatives as well as export from India to global markets, during the Raisina Roundtable in Tokyo. Jaishankar is on a three-day visit to Japan to meet with his Japanese counterpart Yoko Komikawa.

At the time of writing, the trust's shares are down nearly 42% so far today (7 March), according to data from Morningstar Direct. AEIT holds £89.7m in total assets and is trading at a 41.2% discount to net asset value.  The sharp share price move since the restoration of its listing at 3.30pm on Wednesday has nearly erased all of the trust's gains since its launch in December 2021.  Asian Energy Impact seeks listing restoration as strategic review outcome looms AEIT said it would apply to the Financial Conduct Authority to lift its temporary suspension following the publication of ...

Bitcoin’s infamous “Kimchi premium” has made a comeback, with the cryptocurrency commanding an average 10% price premium in South Korea compared to global exchanges. 

All the world merely watches and Bitgert will rise to the moon while making people on board millionaires. Yes! BRISE Meteoric rising in this crypto market while investors are mesmerized by the chart of BRISE. Bitgert rose 65% in just a month while investors onboarding the spaceship have predicted that BRISE will touch the moon once again and create history!

China’s exports and imports for the first two months of the year beat estimates, an indication that demand may be improving as Beijing attempts to speed up its economic recovery

Australian and Vietnamese prime ministers have discussed ways of improving an already booming economic relationship, as part of Australia’s strategy to diversify trade away from China