Trade Financial News

dollar struggled to keep gains in early Asian trade on Monday as looming central bank decisions in Japan and Europe forced a pause in its data-spurred rally late last week.

Stock Market News: US markets rose over the weekend on growing optimism over artificial intelligence (AI). On the other hand, given the long weekend holidays, low trading activity, and weekly option expiry, domestic markets on Saturday showed a muted trend.

recorded their worst week in over two months clocking the biggest weekly losses, tracking mixed earnings and muted global cues. After the subdued start, a sharp cut in the middle derailed the momentum however, resilience in the select heavyweights in the final sessions trimmed losses. Nifty Bank also recorded biggest weekly fall in a year.

Stock market today: In the wake of 'Pran Pratishtha' in Ayodhya Ram Mandir, the State Government of Maharashtra has declared a public holiday on Monday, 22nd January 2024. Therefore, trading activities at the Bombay Stock Exchange (BSE) and National Exchange (NSE) will remain closed today.

Bitcoin ($BTC) Alternative, Mollars ($MOLLARS), is in its 3rd round of the token presale stage today.   Investors are buying into the crypto at a record pace, closing in on 100,000 tokens being sold daily.  A  store-of-value token that will help traders across the world save money against the growing crisis of inflation and avoid Bitcoin-blockchain fees, perhaps will also gain today’s investors massive profits of $22,000 per $100 invested.

American satellite internet company Starlink, owned by billionaire Elon Musk, has been allowed to offer satellite broadband services in India, two officials aware of the development said. The department of telecommunications (DoT) has approved the grant of a global mobile personal communication by satellite or GMPCS licence to the company. “The licence has been approved.

By Jamie McGeever

In 2017, legendary investor Jack Bogle famously warned people to“avoid bitcoin like the plague.” More than six years later, Vanguard Group Inc. is still stoking the crypto world’s ire by sticking to the conservative investing approach of its late founder.

Billionaire businessman David Rubenstein argued at the World Economic Forum former President Trump has a clear shot at victory.

In the dynamic realm of cryptocurrencies, Bitcoin (BTC) maintains its foothold above the $41,000 mark, currently trading at $41,700 with a modest 0.25% increase as the week concludes.

Madonna is entangled in a legal battle as two dissatisfied fans, Michael Fellows and Jonathan Hadden, take legal action over the considerable delays in her recent New York concerts. The plaintiffs allege false advertising, negligent misrepresentation, and deceptive trade practices, shedding light on Madonna's historical pattern of tardiness, and questioning whether her legendary status should excuse repeated schedule breaches.

NEW DELHI : A delegation from the United Kingdom will arrive in India on 22 January to discuss remaining aspects of the free-trade agreement negotiations between the two countries, said two people aware of the matter. The fourteenth and concluding round of negotiations for a free-trade agreement between India and the UK began on 10 January in New Delhi. A majority of the issues in the proposed FTA between India and the UK are either finalised or at an advanced stage of talks, said one of the two persons mentioned above.

Chinese equities have continued where they left off in 2023 with the Hang Seng Index (HSI) already down 8% in the new year. China stocks extended their decline as disappointing economic data and Premier Li Qiang's comments on avoiding massive stimulus weighed on the market.

consensus next month on reforming the dispute settlement system of the global trade body as there are wide differences over the issue between developed and developing countries, a GTRI report said on Sunday. The trade minister of the 164-member World Trade Organisation (WTO) will gather in Abu Dhabi in February for the 13th ministerial conference (MC) to resolve different issues such as reforms in dispute settlement mechanisms, agriculture-related matters and a moratorium on customs duties on e-commerce trade.

Indian Stock Market: The Nifty remain sideward throughout the session following a strong start. The index has moved back above the critical near-term moving average. In the short term, the index is likely to consolidate within the bands of 21500 and 21700.

JetBlue and Spirit Airlines are appealing a judge's ruling that is blocking their planned merger

Spirit Airlines jumped in morning trading Friday after the struggling discount carrier said a strong holiday travel season boosted its fourth-quarter revenue

GJEPC) have urged the government to reduce import duty on gold and cut and polished diamonds to help the sector stay competitive globally. India's gem and jewellery industry is dependent on imports for raw materials, including gold, diamonds, silver, and coloured gemstones. The GJEPC seeks a reduction in import duty on precious metals to 4 per cent from the current 15 per cent. It demands bringing down customs duty on cut & polished diamonds to 2.5 per cent from 5 per cent at present. The apex industry body stated that imposing higher import duty on cut and polished gemstones would lead to reduced exports, fewer employment generation in the jewellery industry thereby making survival difficult due to losing competitive edge to other competing countries like China and Thailand. Also Read: Interim Budget measures that Modi govt needs to take

HDFC Bank emerging as the biggest laggard. Last week, the 30-share BSE benchmark fell by 1,144.8 points 1.57 per cent. The NSE and BSE conducted normal trading sessions on January 20.

Union Budget 2024, which is now less than a fortnight away, the domestic commodity industry has urged the government to allow the resumption of trade in banned agricultural commodities including wheat, paddy (non-basmati), chana, and others. The sentiments were echoed by the industry representatives on January 22 on the occasion of 20 years of commodity trading on exchanges. Country’s largest non-agri commodity exchange Multi Commodity Exchange (MCX) and agri bourse National Commodity Exchange of India (NCDEX) started operations in 2003. Narinder Wadhwa, National President at Commodity Participants Association of India (CPAI) said that this day will be observed as a national commodity day from now on. “Commodity Day serves as a dedicated platform for refining participants, addressing developmental concerns, and striving to uphold elevated market integrity, benefiting investors, businesses, and governments alike,” Wadhwa said. The continued linked the prosperity of the market on the agility of policies, adherence to principles of fairness, and timely adaptations to meet the evolving needs of both the market and its investors.

₹1,67,936.21 crore last week, with HDFC Bank experiencing the most significant decline. The 30-share BSE benchmark reported a fall of 1,144.8 points, or 1.57 per cent, during the week. Both the NSE and BSE conducted regular trading sessions on January 20.