Trade Financial News

Nikki Haley mentions the “Beast of the Southeast" at virtually every campaign stop in her underdog effort to try to stop Donald Trump from winning the Republican presidential nomination. The phrase, which an industry trade publication used in 2013 to describe South Carolina’s robust economic development during her governorship, is a badge of honor for Haley as she explains how her state’s unemployment dropped from 10.8% to 4.4% under her watch. “By the time I left, we were building planes with Boeing, we were building more BMWs than any place in the world, we brought in Mercedes-Benz, we brought in Volvo," she said at a recent appearance ahead of the state’s Saturday GOP primary.

Few themes have been as unpopular among investors in recent years as European investment banking and the U.K. Barclays wants to double down on both. The bank’s shares jumped around 6% Tuesday, despite disappointing 2023 financial results.

NEW DELHI : India’s economy is performing well, with risks evenly balanced, to achieve 7% growth in FY25, but geopolitical tensions and geo-economic fragmentation pose risks to the country’s growth, the finance ministry said in its latest monthly economic review. In its economic review for January, the ministry said risks to global trade, including a spike in commodity prices due to the Houthi militant group’s attacks on important trade routes in the Red Sea region, have resulted in supply chain disruptions.

Delhi High Court has upheld the Registrar of Companies’ order that rejected conversion of Reebok India Company from an “Unlimited Liability Company" to a "Limited Liability Company". Dismissing Reebok India's petition, Justice Subramonium Prasad said that the reasons given by the RoC in rejecting the Reebok’s application on the ground that various prosecutions have been filed by the Serious Fraud Investigation Office against it for offences under the Companies Act and the Indian Penal Code cannot said to be so perverse, especially keeping in mind the interest of shareholders and the interest of creditors. «The anxiety on the part of the RoC that the creditors and stakeholder should not be left high and dry cannot be said to be completely unjustified,» Justice Prasad said.

India will not support further continuation of prohibition of imposing customs duties on electronic transmissions at the World Trade Organization (WTO), meeting in Abu Dhabi next week, an official said Tuesday, as besides loss of revenue for developing countries, it also constrains their policy space. New Delhi is of the view that e-commerce needs to be looked at from a development dimension and not from the “eyes of big tech companies”.

By Kopano Gumbi and Anait Miridzhanian

Gary Gensler is midway through his tenure leading the Securities and Exchange Commission through a shakeup of financial markets and middlemen, and amid historic changes in the players and what’s being traded. The SEC chair has completed just over half of his agenda. Here’s what Gensler has in mind for the rest.

The Nifty50 index rose 74 points to close at 22,196. It hit a fresh record high of 22,251 intraday. The S&P BSE Sensex rallied more than 300 points.

Investing.com — U.S. stock futures fell Tuesday, as investors returned to their desks after the long weekend, ahead of a deluge of key earnings this week. 

Moves by major central banks are set to spark trading opportunities in key currency pairs such as EUR/USD, USD/JPY, and GBP/USD.

Investing.com — Walmart's (NYSE:WMT) fourth-quarter U.S. sales and earnings beat estimates, although a muted outlook kept a lid on share gains in premarket U.S. trading on Tuesday.

By Greg Roumeliotis

Small investors have started to ease back into crypto, even if they’re not yet rushing in headfirst the way they did during the last bull market three years ago.

Shares of Sona BLW Precision Forgings Ltd.(up 4.08 per cent), Bosch Ltd.(up 0.54 per cent), Ashok Leyland Ltd.(up 0.44 per cent), Samvardhana Motherson International Ltd.(up 0.31 per cent) and Tube Investments of India Ltd.(up 0.28 per cent) ended the day as top gainers in the pack.

Shares of Swan Energy Ltd.(up 3.14 per cent), Macrotech Developers Ltd.(up 2.25 per cent), DLF Ltd.(up 1.81 per cent), Phoenix Mills Ltd.(up 1.48 per cent) and Godrej Properties Ltd.(up 0.85 per cent) ended the day as top gainers in the pack.

Shares of Tech Mahindra Ltd.(up 0.81 per cent) ended the day as top gainers in the pack.

Richard Verma in Delhi on Tuesday said that America will stay engaged with the Indian government on the issue of the alleged bid to assassinate Khalistterrorist Gurpatwant Singh Pannun in the United States. «I know we raised our concerns with the Government of India. There is a committee of inquiry looking into the matter, and we will stay engaged with the government and look forward to their findings. And they've taken it very seriously, and we're grateful for that,» Verma said. He made the remarks at the event titled 'The Long View from DC: The India-US Partnership' hosted by the Observer Research Foundation (ORF) in Delhi. His statement comes after the US Justice Department unsealed an indictment against an Indian national for his alleged involvement in the foiled plot to assassinate Pannun.

rupee ended slightly higher on Tuesday as dollar demand from importers capped gains that came on the back of likely inflows, traders said. The rupee ended at 82.9625 against the U.S. dollar, higher by 0.06% compared to its close at 83.0150 in the previous session.

Shares of HDFC Bank Ltd.(up 2.63 per cent), Axis Bank Ltd.(up 2.42 per cent), Kotak Mahindra Bank Ltd.(up 1.8 per cent), IndusInd Bank Ltd.(up 1.39 per cent) and Bank of Baroda(up 0.95 per cent) ended the day as top gainers in the pack.

Bitcoin Cash (BCH) gets delisted from an exchange. Optimism (OP) gets support for its new upgrade. Meanwhile, Algotech (ALGT) is attracting investors.

Penny stock below ₹5: Shares of Standard Capital Markets Ltd are one of the Non-Banking Company (NBFC) stocks of the Indian stock market that are priced below ₹10. This penny stock is priced below ₹5 but it has been touching the upper circuit regularly.