Tuesday, September 17, 2024

Venezuelans Protest and Clash with Police Over Disputed Election Results

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Protests Erupt in Caracas Security forces in Venezuela have used tear gas and rubber bullets to disperse protesters in Caracas following a disputed election result. Thousands gathered in the city center on Monday evening, many walking long distances from surrounding slums to protest President Nicolás...

Dollar Steadies After Powell’s Testimony; Sterling Awaits BOE Meeting

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The U.S. dollar stabilized in early European trade Thursday near a one-month low after the first day of Federal Reserve Chair Jerome Powell’s semi-annual testimony to Congress, while sterling edges lower ahead of the latest Bank of England meeting. At 01:50 ET (05:50 GMT),...

Asia FX Mixed as Fed Caution offsets Optimism Over Slowing Inflation

Asia FX
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Most Asian currencies kept to a tight range on Wednesday in anticipation of an interest rate hike and more cues on monetary policy from the Federal Reserve, although sentiment was somewhat lifted by softer-than-expected U.S. inflation data. Most regional units rose on Tuesday after...

Asian Stocks Slammed by Fed Rate Hike Risks

Financial News
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Asian stock markets sank on Wednesday, tracking overnight losses on Wall Street as investors awaited an interest rate hike and more hawkish signals from the Federal Reserve. Hong Kong’s technology-heavy Hang Seng index continued to lag its peers, falling 1.5%, while Japan’s Nikkei 225 index lost 1.3%....

Will biometric cards change the way benefits are dispensed?

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Humanity’s evolving nature has propelled it up the food chain, from prey to planetary predator. Just 60,000 years ago, homo sapiens roamed the earth, insignificant and insecure, their existence of little consequence. Life, as Thomas Hobbes put it, was ‘nasty, brutish, and short’. Fast...

Oil Sinks Further as China COVID Concerns outweigh Tightening Supply

Oil sinks
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Oil prices fell further on Thursday as increasing COVID-19 cases in China brewed more doubts over slowing crude demand, even as data showed U.S. inventories dropped far more than expected and as supply appeared to be tightening. China reported over 20,000 daily new cases...

Dollar Edges Higher; Central Bank Meetings in Focus

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The dollar edged higher Tuesday, but remained near recent lows after last week’s frail jobs report, while attention turns to a number of central bank meetings during the week.  At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket...

Dr. Martens Plunges After Fresh Profit Warning

Dr. Martens
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Dr. Martens (LON:DOCS) stock plunged at the open on Thursday to a new all-time low, after the bootmaker was forced to cut its forecasts once again in response to problems in North America. Dr. Martens said a variety of operational problems had created a...

Tamil Nadu government opens doors for electric vehicle makers

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At a time when Tamil Nadu has seen the closure of the Ford India unit, state Industries Minister Thangam Thennarasu said the state was expected to see investment worth around Rs 35 trillion by 2030 and had got projects of about Rs 20,000 crore since the new government...

After UPI, PhonePe dominates Bharat BillPay with a 49% volume share in August

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A first, the National Payments Corporation of India released company-wise data for the month of August 2021 on the Bharat Bill Payment System (BBPS) – the platform that offers interoperable bill payment services for customer The data shows that after maintaining its lead in monthly...