Indian shares fell sharply on Friday, tracking weak cues from global markets. Lower commodity prices and a global tech sell-off spurred profit taking at higher levels after recent strong gains. The benchmark S&P/BSE Sensex fell 739 points, or 0.91 percent, to 80,605 while the broader Nifty index closed at 24,531, down 270 points, or 1.1...
The U.S. dollar was higher against its major counterparts in the New York session on Thursday, as strong retail sales and soft jobless claims data alleviated concerns about a recession and raised the likelihood of a 25 basis point rate cut by the Federal Reserve in September. Data from the Commerce Department showed that retail...
The Singapore stock market has alternated between positive and negative finishes through the last four trading days since the end of the four-day losing streak in which it had slumped more than 65 points or 1.8 percent. The Straits Times Index now sits just above the 3,575-point plateau and its likely to open under pressure...
By Gilles Guillaume GENEVA (Reuters) - Renault (EPA:RENA) unveiled its highly anticipated new electric R5 on Monday at the Geneva Motor Show, a model directly inspired by its 1972 bestseller that the French automaker hopes will bring a major boost to its electric vehicle sales. The small sedan, promised in 2021 as part of Renault\'s...
Asian stocks ended mixed on Wednesday, with Hong Kong and South Korean markets closed for Buddha\'s birthday. The U.S. dollar and bond yields dipped while gold edged up after Federal Reserve chairman Jerome Powell said on Tuesday that the central bank is unlikely to raise its key interest rate to tackle elevated inflation. After producer...
Crypto lobbying efforts have seen a remarkable surge as companies seek to influence policies shaping digital assets’ future. The rise highlights the growing importance of lobbying as crypto becomes more integrated into mainstream finance. The Evolution of Crypto Lobbying According to a recent study by Social Capital Markets, crypto lobbying has increased by nearly 1,400%...
As Bitcoin teeters around the $61,650 mark after a 4% drop, its behavior hints at potential volatility. With the dollar’s rise linked to paused rate cuts enhancing its appeal, Bitcoin faces an opposite effect—diminished attraction due to the anticipated long-term high rates. This positions Bitcoin at a precarious juncture, especially as the market braces for...
(Reuters) -Advanced Micro Devices hit a U.S. government roadblock in its efforts to sell an artificial intelligence chip tailored for the Chinese market, as part of Washington\'s crackdown on the export of advanced technologies to the country, Bloomberg News reported on Monday. AMD (NASDAQ:AMD) tried to gain a go-ahead from the U.S. Commerce Department to...
On Wednesday, Goldman Sachs began coverage on shares of Royal Caribbean Cruises (NYSE:RCL), assigning a Buy rating and setting a price target of $162. The firm highlighted the cruise operator\'s superior execution and potential for pricing advantages. Royal Caribbean is currently focused on enhancing its fleet, with plans to introduce several new \"megaships.\" These ships...
The Bitcoin halving is less than one week away, and Coinbase is hyping up the event with a new commercial released on Monday. Advertising the Halving The trading platform released the video on X illustrating how much Bitcoin’s price has appreciated over time by measuring its purchasing power in terms of pizza. “Over time, your...