UPS Financial News

Taiwan's biggest earthquake in at least 25 years is likely to tighten supply of tech components such as display panels and semiconductors, analysts said, as manufacturers in the global tech powerhouse restore operations at affected facilities. The powerful 7.2-magnitude earthquake struck Taiwan's eastern coast near Hualien County on Wednesday morning, killing nine people and injuring more than 1,000.

Asian shares rallied on Thursday as U.S. rate cuts remained on the menu, even if their timing was unclear, while the yen slid against everything except the dollar and boosted Japanese stocks. There was also action in commodities as gold reached another record, oil a five-month peak and copper a 13-month top, helping lift shares in basic materials and energy companies.

Gold surged to a record high on Thursday, as Federal Reserve Chair Jerome Powell underlined that recent job gains and higher-than-expected inflation readings do not significantly alter the overall picture of the central bank's monetary strategy. FUNDAMENTALS

dollar was pinned beneath recent peaks on Thursday with traders taking remarks from Federal Reserve Chair Jerome Powell as reassuring on the likelihood of interest rate cuts this year while waiting for the latest U.S. labour market readout. An unexpected slowdown in U.S. services growth also supported cut expectations and weighed on the dollar, though for the year so far it remains the best-performing G10 currency as those expectations are far more modest than three months ago.

A $62 million project to dredge Puerto Rico’s biggest and most important seaport has started amid fierce opposition from environmentalists and a pending lawsuit

Equity markets traded in a narrow range with a negative bias on Wednesday as caution prevailed ahead of the RBI policy meeting and key macro data. «The US Fed Chair Powell's speech will be keenly watched. We expect the market to consolidate over the next few days until the events unfold,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.

Dividend stocks: Shares of Sundaram-Clayton Ltd, Varun Beverages Ltd, Cupid Ltd, and Savani Financials Ltd will be in focus when the stock market opens on April 4 (Thursday). The Board of Directors of the 4 companies have declared interim dividend, final dividend, rights issue, stock split, and bonus issue for their eligible shareholders. The record date by the 4 companies to ascertain the eligibility of shareholders for their respective issues has been fixed on April 4.

BEIJING — China's real estate troubles are likely far from over and industry problems need to be addressed quickly if overall GDP growth is to pick up significantly, according to a report released Thursday by global investment firm KKR.

₹250 crore over the past three years for its international expansion, including its partnership with Williams. “We anticipate the international business will account for 25-35% of our total group revenues by the end of next year. This focus on international expansion is pivotal as we prepare for our IPO in October 2025." "This expansion is a key factor that will add significant interest for our IPO.

Good Glamm Group has formed a joint venture with former tennis player turned entrepreneur Serena Williams to launch her cosmetics brand 'Wyn Beauty by Serena Williams' in the US market. The entity, SW-Sanghvi Beauty USA Inc., which has board representation from both Williams’ team as well as the Mumbai-based The Good Glamm Group, owns Wyn Beauty and other related trademarks for the brand.

Canadians aren’t likely to see gas cost less than a dollar a litre in the future, according to a price-monitoring company.

President Javier Milei’s aggressive campaign to slash spending, the latest in a series of painful economic measures that have put the libertarian government on a collision course with angry protesters and powerful trade unions. Presidential spokesperson Manuel Adorni announced the job cuts in a news conference, portraying them as key to Milei’s promised shake-up of Argentina’s bloated public sector.

Jeanne du Barry, starring Johnny Depp and Maïwenn, impressed audiences at the Cannes Film Festival and later in France. As it gears up for a US and Canadian release, a new trailer unveils the film's intricate narrative. Trailer

Karnataka Revenue Minister Krishna Byre Gowda on Wednesday issued a challenge to Union Home Minister Amit Shah, asking him that if Shah had indeed written to the Election Commission about the Karnataka government delaying applying for drought relief, he must produce the related documents immediately. The Home minister had made the allegation in a rally in Bengaluru on Tuesday, provoking the ire of the Karnataka Congress regime over the contentious issue. “It is shameful to lie to the people of Karnataka to cover up this injustice. Do Kannadigas exist only to pay taxes and vote for you?” the revenue minister asked. Karnataka, he said, ranked second among the highest tax-paying states. It was shameful to divert its taxes to other states, cheat the state during a drought, and then lie about it, he added. Gowda gave a timeline of the drought relief petition process, saying the Karnataka government declared drought in the state on September 13, one and a half months earlier than the October 31 deadline. “If you need proof of our submission for drought relief in September, we can provide a copy of the letter from the Secretary of the Central Home Department dated September 27,” he said.

China to lap up the commodity at deeply discounted prices. China imported 1.82 million barrels a day (mb/d) of Russian crude by sea in March, a third more than India's 1.36 mb/d, according to energy cargo tracker Vortexa. China also receives Russian oil through pipelines.India's monthly imports of seaborne Russian crude exceeded that of China for about one and a half years. In February, however, China's 1.3 mb/d of imports from Russia, marginally surpassed India's 1.27 mb/d. In March, the gap substantially widened. «Russian Sokol cargoes, which were previously rejected by Indian refiners due to concerns of the cargoes being loaded on sanctioned vessels, were sold at heavy discounts to Chinese refiners, which explains the sharp rise in volumes into China,» said Serena Huang, an analyst at Vortexa.

corporate health insurance coverage during the renewal of corporate policies. Companies are offering IVF benefits with small sub-limits to manage premium impact, while out-of-pocket expenses for maternity are rising. IVF treatment is included separately in some policies, but is either restricted to the total amount in the policy or the number of cases in a year.

Officials say the aftermath of last year’s fiery train derailment in eastern Ohio doesn’t qualify as a public health emergency because widespread health problems and ongoing chemical exposures haven’t been documented

Prime Minister Narendra Modi on Wednesday told BJP workers of Uttar Pradesh that it was because of their efforts that new electoral records were being made while asking them to work with a resolve to break all old poll records in the general elections. The prime minister was interacting with the Uttar Pradesh BJP workers through a digital rally at 22,648 booths in 10 Lok Sabha seats through the NaMo App. BJP's booth management is widely credited for its decisive victories in UP in all the major elections since 2014. «We know that no matter how big a victory we wish for in elections, if we don't win booths, we can't win elections and thus the soul of an election victory is in the victory of a booth. This is why it is always my appeal that we have to work with only one aim: We will win our polling booth. We will work with the resolve of breaking all old records of winning polling booths,» Modi told the workers.

Kshatriya community unrelenting over its demand to drop Union minister and Rajkot candidate Pashottam Rupala from the BJP's Lok Sabha candidate list, the meeting between BJP and the community leaders failed to break the stalemate. While talking to the mediapersons after the meeting, Kshatriya leaders said that they had one demand — to get Rupala dropped — and will not meet with BJP again. «No political party can pressurise us,» Karansing Chavda, one of the community representatives said, adding now posters and banners will be put up on the issue. Another leader of the community told the media that Rupala forgot the glorious history of Rajputs while making the controversial comments and now it has become an issue of self-respect for the community. «So unless BJP doesn't cancel Rupala's ticket, the entire Rajput community will assume that BJP is with Rupala and will respond accordingly.»

Indian Oil Corporation Ltd is in preliminary talks with atomic power monopoly to build small nuclear units, an early-stage technology seen as a cost-effective alternative to larger plants. The refiner and fuel retailer is exploring a partnership with state-controlled Nuclear Power Corporation of India Ltd to use small modular reactors, or SMRs, in its refineries for clean power, Alok Sharma, Indian Oil's director for R&D, said at a conference in New Delhi Wednesday. As several bigger projects face delays, policymakers are promoting small-scale nuclear technology with a capacity of up to 300 MW, which is quicker to build and easier to adjust to the requirements of the grid. To boost the nascent sector, the government is considering allowing private firms to manage and operate reactors.

India Today. Setting a new benchmark as the world's most powerful MRI scanner, the machine's cutting-edge technology boasts an unparalleled magnetic field strength of 11.7 Teslas. The CEA claims that the images are the result of over two decades of rigorous research and development. ALSO READ: Mars exploration: NASA's Curiosity searches for new clues about ancient water Adding more details, the report said that the CEA aimed to construct an MRI machine that is capable of providing insights into the healthy and diseased human brain with unmatched resolution.