Thursday, December 5, 2024

Indian economy showing resilience and recovery: CEA

Financial News
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However, there are challenges, and geopolitics is messy for which foreign investors are cautious, the CEA said. Chief Economic Advisor (CEA) V Anantha Nageswaran has said the Indian economy was on the path to recovery but cautioned that foreign investors may remain cautious because of...

Stocks Rally Stalls, Eyes Powell Testimony For Rate Clues

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Global shares drifted on Monday, consolidating gains after hitting a 14-month high last week, as investors awaited testimony from U.S. Federal Reserve Chair Jerome Powell in markets that remain dominated by monetary policy bets. The MSCI’s broad gauge of world stocks was steady, with...

Dow Futures Dip After Positive Week

Dow Futures
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U.S. stock futures were trading lower during Sunday’s evening trade, after major benchmark indices finished the holiday shortened week higher as investors proved optimistic amid potentially smaller interest rate hikes from Federal Reserve policymakers. By 6:36pm ET (11:36pm GMT) Dow Jones Futures were down...

Are 2 Masks Better Than 1 at Preventing COVID-19 Spread? What to Know

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Dr. Anthony Fauci has said that double masking “just makes common sense.”In theory, it’ll help reduce the spread of COVID-19 by filtering more particles.Double masking is most helpful when there are concerns about source control. All data and statistics are based on publicly available data...

Will Mining Die With Ethereum 2.0?

Financial News
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The crypto community is celebrating the coming of Ethereum 2.0, however, there are also concerns for miners. Since Ethereum has switched to a proof-of-stake model, mining Ether will no longer be necessary. Due to this, mining machinery will become obsolete, leaving miners with fewer...

Maharashtra Govt Will Plan Film City Between Mumbai And Thane: CM Eknaath Shinde

MAHARSTA GOV
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Speaking at an event on Sunday where noted Marathi theatre actor Prashant Damle was felicitated for the 12,500th show of his play ‘Eka Lagnachi Gosht’, Shinde said the state government will support Marathi theatre and cinema The Maharashtra government will work on planning a...

Oil Extends Gains on China reopening Hopes, Tightening Supply

OIL EXTENDS
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Oil prices rose on Monday as markets bet that an eventual scaling back of COVID-19 measures in China will boost the country’s crude demand, while looming curbs on Russian oil shipments also appeared set to tighten supply Crude prices closed last week lower, but...

Oil prices rise as weaker dollar offsets China COVID-19 concerns

OIL PRICE RISE
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Oil prices rose on Tuesday, paring losses from the previous session, as a weaker U.S. dollar offset widening COVID-19 curbs in China that have stoked fears of slowing fuel demand in the world’s second-largest oil consumer. Brent crude for January delivery rose 73 cents,...

Asia FX Rallies on China Reopening, Yuan at Over 4-Mth High

Asia FX
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Most Asian currencies shot up on Monday, with the Chinese yuan hitting a four-month high after the country reopened its international borders, while hopes of a less hawkish rhetoric from the Federal Reserve also weighed on the dollar and supported regional units. The yuan...

Asia FX Turns Cautious Ahead of U.S. Payrolls, Dollar Hits 3-Mth Low

Asia FX
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Most Asian currencies moved little on Friday as caution kicked in ahead of U.S. payrolls data that is likely to affect monetary policy, although dovish signals from the Federal Reserve pushed the dollar to a three-month low. Regional currencies were also set for strong...