Trade Financial News

SEC) on Monday defended its authority to oversee certain cryptocurrency assets in court, as Binance urged a federal judge to dismiss the regulator's case against the world's largest crypto exchange. Monday's hearing over Binance's request marked the second closely-watched courtroom battle in less than a week that could help define the U.S. securities regulator's jurisdiction over the crypto sector. Last week, Coinbase and the SEC clashed over similar questions.

Alba Wheels Up International founder Salvatore Stile breaks down the impact that Houthi rebel attacks have had on international and domestic business.

As we all know, the S&P 500 index achieved a new intraday record high last Friday. It is the most recent of the three major U.S. indexes to attain such a milestone since the bear market of 2022, joining the Nasdaq 100 index and the Dow Jones Industrial Average.

Global hedge funds are having a notable shift in sentiment towards U.S. technology stocks, actively accumulating positions in the sector at the swiftest pace in two months, according to Goldman Sachs.

Salesforce (NYSE:CRM) shares are up around 1% after the company was designated a top pick at Morgan Stanley on Monday, with analysts at the bank flagging the company's solid risk/reward.

The CEO of a large-scale crypto Ponzi scheme known as IcomTech has been sentenced to five years in prison and ordered to forfeit $914,000 in criminal proceeds.

Binance, the world's largest cryptocurrency exchange, to defend its request that she dismiss a high-profile case brought against it by the U.S. Securities and Exchange Commission (SEC). Binance has asked federal Judge Amy Berman Jackson to toss out a lawsuit the SEC filed alleging Binance broke its rules and committed fraud. The lawsuit is one of Binance's last major legal challenges in the U.S.

World Trade Organization (WTO), focused on consensus-based decision-making and its nature of a member-driven organisation with special and differential treatment (S&DT) for developing countries, at the upcoming ministerial conference of the trade body, said people familiar with the matter. S&DT allows developing and poor countries benefits such as longer time to implement agreements and binding commitments. India's stance on WTO reforms comes at a time when developed countries are trying to dismantle the existing arrangement of consensus-based decision-making and replace it with a voting structure, besides involving the private sector in the functioning of the global trade watchdog. «Developing countries don't want to give up consensus-based approach and member-driven nature of the organisation,» said an official, who did not wish to be identified. At present, the private sector can give consultation to the WTO but not set the terms on which the members would deliberate, according to the official. «Some countries also want structural changes to be made in the secretariat but we will insist on retaining the core principles of WTO at the upcoming ministerial ,» the official said. The 13th Ministerial Conference (MC13) of the WTO will take place from February 26-29 in the UAE. India also wants the Appellate Body vacancies to be filled soon given the lack of agreement among the WTO members on the issue for many years. In the run-up to the ministerial, India has also proposed around 30 reforms to improve the functioning of the WTO committees. As part of its «30 for 30» proposal, India has suggested 34 operational changes to the body such as putting in place a 12-month cooling-off period before hiring any ambassador

Brent crude experienced a 90-cent increase, reaching $79.46 per barrel by 1450 GMT. Simultaneously, the front-month US West Texas Intermediate crude futures contract for February delivery saw a $1.10 rise, reaching $74.42 per barrel in subdued trading conditions as the contract approached its Monday expiration. The March WTI contract, which was more actively traded, rose by 91 cents to reach $74.16.

₹1,055.90 crore for the December quarter, a 31.82% rise over the corresponding quarter of last year, as per regulatory filings. Revenue during the quarter was up 13.66% YoY to ₹6,603.81 crore. The result was in line with Bloomberg’s poll of analysts tracking the company.

European Free Trade Association (EFTA)—the four-nation trading block comprising Iceland, Liechtenstein, Norway, and Switzerland—are close to signing a trade agreement after both sides have reached an understanding on key issues, news agency PTI reported citing a senior official on Monday. "Following extensive negotiations, a shared understanding has been achieved on key issues during the ministerial meeting. Ongoing efforts are now focused on shaping the convergence that has emerged," the news agency quoted the official as saying Commerce and Industry Minister Piyush Goyal held a meeting recently with Swiss Federal Councillor Guy Parmelin in Mumbai.

free trade agreement between India and the four-nation EFTA bloc are at an advanced stage as both sides have reached a shared understanding on key issues, a senior official has said. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland. India and the EFTA have been negotiating the pact, officially dubbed as Trade and Economic Partnership Agreement (TEPA), since January 2008 to boost economic ties.

equity indices ended lower in a trading session on Saturday, dragged by information technology companies and Hindustan Unilever, but gains in lenders helped limit some losses.

In just six days of trading, the recently approved spot Bitcoin exchange-traded funds (ETFs) have collectively accumulated an impressive 95,000 BTC, with total assets under management (AUM) inching close to the $4 billion mark.

Markets need to begin thinking about the structural impact of Donald Trump's proposed 10% tariff increase, which «shakes up every asset class,» according to Rabobank Global Strategist Michael Every.

We don’t support this browser anymore. This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

By Natalie Grover

Investing.com — U.S. stock futures edged higher Monday, continuing the recent tech-inspired rally at the start of a week that includes more earnings reports as well as key economic data. 

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

OctaFX trading have positioned themselves as indispensable tools for traders, offering a wealth of features and resources to navigate this intricate financial terrain.The Evolution of Forex Trading The journey of forex trading over the last 20 years mirrors a technological revolution that has significantly altered the financial landscape. The advent of the internet and the development of sophisticated trading platforms have democratized access to the forex market, allowing traders of varying experience levels to engage with currencies, commodities, and other financial instruments.

₹5,200 in Q3—its third continuous quarterly drop. Add to that, losses in its acquired portfolio, Cravatex Brands Ltd, weighed on Metro’s consolidated Ebitda margin, which has contracted by 296 basis points year-on-year to 31.3%. Overall, this meant Ebitda, excluding other income, fell by 3% to ₹199 crore.