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Dollar rally stalls, giving yen respite  The yen got some much-needed respite on Tuesday as it steadied on the stronger side of 155 per dollar thanks to a pullback in the U.S. currency, which ran into profit-taking after a stellar rally that saw it scale a one-year high. The yen last edged 0.2% higher to 154.40 per dollar, recovering from its fall in the previous session after Bank of Japan Governor Kazuo Ueda stuck to his usual script and failed to offer any hints on whether a rate hike could come in December. "Rec...
Dollar rally stalls, giving yen respite
Dollar rally stalls, giving yen respite
Source: Reuters
2024-11-19 09:10:26 am
Asian stocks rise, dollar weak as US yields tick down Asian stocks rose on Tuesday while U.S. bond yields and the dollar hung back from multi-month highs as traders awaited President-elect Donald Trump's cabinet selection and sought to gauge the outlook for Federal Reserve easing. Tech shares advanced, tracking Wall Street's recovery from last week's steep losses although Nvidia's upcoming earnings on Wednesday limited the scope for big moves. Markets have pared bets for a quarter-point interest-rate cut at the Fed's ne...
Asian stocks rise, dollar weak as US yields tick down
Asian stocks rise, dollar weak as US yields tick down
Source: Reuters
2024-11-19 08:56:19 am
India insulated among emerging markets to Donald Trump`s proposed tariffs: CLSA`s Alexander Redman Among the emerging markets (EMs), India has the "least sensitivity" to US President-elect Donald Trump’s proposed tariffs and higher interest rates, global brokerage CLSA's chief equity strategist Alexander Redman said on Monday.   Redman, who spoke at the ‘27th CITIC CLSA India Forum 2024’ here to discuss the “global outlook and the case for India versus China”, said foreign investors are likely to run out of excuses for not investing furth...
India insulated among emerging markets to Donald Trump`s proposed tariffs: CLSA`s Alexander Redman
India insulated among emerging markets to Donald Trump`s proposed tariffs: CLSA`s Alexander Redman
Source: IANS
2024-11-18 03:28:22 pm
South Korea aims to develop 39 global chip industry standards by 2031 South Korea's standards agency said on Monday it plans to develop 39 new international standards in the semiconductor sector by 2031 to bolster its competitive edge in the field.  The road map was unveiled by the Korea Agency for Technology and Standards (KATS) during an industry forum, as part of a broader strategy aimed at gaining an early lead in the global semiconductor market. KATS outlined its objective to develop more than 15 new international standards in semiconductor ...
South Korea aims to develop 39 global chip industry standards by 2031
South Korea aims to develop 39 global chip industry standards by 2031
Source: IANS
2024-11-18 12:07:58 pm
Dollar firms against yen as BOJ leaves open timing of hikes The dollar rose against the yen on Monday after Japan's top central banker flagged further policy tightening ahead but left open the question of timing, leaving the market no clearer on whether a move would come next month. Bank of Japan Governor Kazuo Ueda reiterated that interest rates would continue to rise gradually should the economy develop in line with the central bank's outlook. However, he made no mention of whether a hike would come in December, saying the BOJ would ne...
Dollar firms against yen as BOJ leaves open timing of hikes
Dollar firms against yen as BOJ leaves open timing of hikes
Source: Reuters
2024-11-18 09:10:02 am
Rupee nearly flat; cenbank intervention supports as equities stay tepid The Indian rupee was nearly unchanged on Monday as likely intervention by the Reserve Bank of India (RBI) helped offset pressure driven by weakness in local equities, which have borne the brunt of sustained foreign portfolio outflows this quarter. The rupee was at 84.3875 against the U.S. dollar as of 10:00 a.m. IST, barely changed from its close at 84.3950 on Thursday. Indian financial markets were shut on Friday for a local holiday. State-run banks were spotted offering dollars near 8...
Rupee nearly flat; cenbank intervention supports as equities stay tepid
Rupee nearly flat; cenbank intervention supports as equities stay tepid
Source: Reuters
2024-11-18 09:02:13 am
Shares rise ahead of Nvidia results; BOJ's Ueda offers few rate hints  Global stocks began the week on firmer footing ahead of a highly anticipated earnings release from Nvidia, while in Japan, a speech from its central bank's head left markets none the wiser on the country's rate outlook. Bank of Japan Governor Kazuo Ueda reiterated on Monday the central bank will keep raising interest rates if economic and price developments move in line with its forecasts, but made no mention of whether a hike could come in December. His speech had been cl...
Shares rise ahead of Nvidia results; BOJ's Ueda offers few rate hints
Shares rise ahead of Nvidia results; BOJ's Ueda offers few rate hints
Source: Reuters
2024-11-18 08:58:30 am
Samsung top pick for retail investors after US election Retail investors scooped up 2.33 trillion won ($1.67 billion) worth of Samsung Electronics stocks since the U.S. presidential election, the country's main bourse said on Sunday.  Individuals purchased the chipmaker on bargain hunting for eight trading sessions through November 15 despite massive selloffs by foreigners, according to data from the Korea Exchange (KRX). Foreign investors offloaded 2.48 trillion won worth of Samsung Electronics stocks during the eight-session perio...
Samsung top pick for retail investors after US election
Samsung top pick for retail investors after US election
Source: IANS
2024-11-17 11:05:38 am
Foreign ownership of South Korean stocks at yearly low Foreign ownership of South Korean shares fell to the lowest level of this year following Donald Trump's presidential reelection, data showed on Sunday.  Foreign holdings of Korean stocks on the main bourse KOSPI accounted for 32.3 per cent, or 637.48 trillion won ($456 billion), of the market capitalisation worth 1,973.51 trillion won as of Friday, according to the data compiled by the Korea Exchange. Foreign investors held 32.7 percent of KOSPI-listed stocks early this year bu...
Foreign ownership of South Korean stocks at yearly low
Foreign ownership of South Korean stocks at yearly low
Source: IANS
2024-11-17 10:26:36 am
FIIs to reduce selling in India towards year-end, fresh allocations to occur After their heavy selling so far, it is expected that the foreign institutional investors (FIIs), will reduce their selling near the end of the calendar year and fresh allocations or significant investments are likely to occur once there is greater clarity regarding the US' incoming Donald Trump administration's policies, market experts said on Saturday.   Several factors have led to the selling activity by FIIs in the Indian stock market -- weak earnings, high valuations comp...
FIIs to reduce selling in India towards year-end, fresh allocations to occur
FIIs to reduce selling in India towards year-end, fresh allocations to occur
Source: IANS
2024-11-16 05:21:38 pm
Battery stocks plunge on possible scrapping of US tax credit  South Korean battery stocks plunged on Friday on reports that President-elect Donald Trump's transition team plans to scrap the $7,500 tax credit for EV purchases as part of broader tax legislation.  Trump campaigned on ending the consumer tax credit, a key part of President Joe Biden's Inflation Reduction Act (IRA). And the transition team said Trump would keep his pledges, according to earlier news reports. The news added to woes of local EV battery stocks already s...
Battery stocks plunge on possible scrapping of US tax credit
Battery stocks plunge on possible scrapping of US tax credit
Source: IANS
2024-11-16 09:26:43 am
Tokyo stocks end higher on bargain-hunting, exporter gains Tokyo stocks ended higher on Friday with the benchmark Nikkei snapping a three-day losing streak as investors bought battered shares, while a weaker yen boosted exporters including automakers.  Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended up 107.21 points, or 0.28 per cent, from Thursday at 38,642.91, Xinhua news agency reported. The broader Topix index, meanwhile, finished 10.42 points, or 0.39 per cent, higher at 2,711.64. Stocks rose as ...
Tokyo stocks end higher on bargain-hunting, exporter gains
Tokyo stocks end higher on bargain-hunting, exporter gains
Source: IANS
2024-11-16 09:16:57 am
India`s forex reserves decline for sixth week to its lowest in nearly 3 months India's foreign exchange reserves dropped for a sixth consecutive week to a near 3-month low of $675.65 billion as of Nov. 8, data from the Reserve Bank of India (RBI) showed on Friday. The reserves fell by $6.5 billion in the reporting week and are down $29.2 billion from the record-high of $704.89 billion hit in late September. Changes in foreign currency assets are caused by the central bank's intervention in the forex market as well as the appreciation or depreciation of for...
India`s forex reserves decline for sixth week to its lowest in nearly 3 months
India`s forex reserves decline for sixth week to its lowest in nearly 3 months
Source: Reuters
2024-11-16 09:10:48 am
Global brokerage CLSA shifts `tactical allocation` to India from China In good news for the domestic stock market, global brokerage CLSA has shifted its "tactical allocation" to India from China, citing growing concerns over Beijing’s economy and investor sentiment after the US presidential election.  In a note titled ‘Pouncing Tiger, Prevaricating Dragon,” the global brokerage changed its stance after Donald Trump’s return as the 47th US President and foreign institutional investor (FII) outflows reached around Rs 1.44 ...
Global brokerage CLSA shifts `tactical allocation` to India from China
Global brokerage CLSA shifts `tactical allocation` to India from China
Source: IANS
2024-11-16 09:06:06 am
Citigroup warns Donald Trump`s policies may slow growth in emerging markets  Citigroup analysts anticipate that emerging market stocks will underperform compared to global peers following Donald Trump's recent victory in the U.S. presidential election, despite China's recent policy initiatives and global economic growth. The brokerage said in a note on Thursday it expects Trump's trade policies to be a drag on global growth, while consequent U.S. dollar strength could further pressure emerging market assets. It expects Saudi Arabia and India to...
Citigroup warns Donald Trump`s policies may slow growth in emerging markets
Citigroup warns Donald Trump`s policies may slow growth in emerging markets
Source: Reuters
2024-11-15 04:30:57 pm
Samsung to buy back stock worth $7.16 billion to boost shareholder value Samsung Electronics said on Friday it will buy back its own shares worth a combined 10 trillion won ($7.16 billion) over the next year as part of efforts to boost its shareholder value following a recent slide in its stock price.  In the buyback plan approved by the board of directors, a combined 3 trillion won of shares will be bought back within three months starting Monday and continuing until February 17, the company said in a statement. For the remaining 7 trillion won, the co...
Samsung to buy back stock worth $7.16 billion to boost shareholder value
Samsung to buy back stock worth $7.16 billion to boost shareholder value
Source: IANS
2024-11-15 04:10:16 pm
Gold set for worst week in 3 years as US dollar rallies Gold prices steadied near the previous session's two-month lows on Friday and were poised for their worst weekly performance in over three years as a rallying U.S. dollar and expectations of less aggressive interest rate cuts by the Federal Reserve pressured the precious metal. Spot gold was little changed at $2,568.37 per ounce as of 1215 GMT. Prices have fallen more than 4% so far this week, touching their lowest since Sept. 12 on Thursday. U.S. gold futures were also flat at $2,573....
Gold set for worst week in 3 years as US dollar rallies
Gold set for worst week in 3 years as US dollar rallies
Source: Reuters
2024-11-15 10:27:25 am
Hyundai Motor promotes global COO Munoz as CEO in major reshuffle Hyundai Motor on Friday promoted Jose Munoz, the company's global chief operating officer (COO), as its new CEO, appointing a foreign national to the top post for the first time since its foundation more than five decades ago.  Hyundai Motor promotes global COO Munoz as CEO in major reshuffleMunoz has served as global COO of Hyundai Motor and the president and CEO of Hyundai and Genesis Motor North America. Prior to joining Hyundai, Munoz served as chief performance officer for Ni...
Hyundai Motor promotes global COO Munoz as CEO in major reshuffle
Hyundai Motor promotes global COO Munoz as CEO in major reshuffle
Source: IANS
2024-11-15 10:07:22 am
Dollar set for big weekly gain as Powell sends yields up, China data mixed The U.S. dollar was poised for a big weekly gain on Friday, towering near one-year highs as a hawkish turn from the Federal Reserve chief sent short-term Treasury yields higher, leaving equities in the red. Asian shares looked to end a brutal week on a steadier note, helped by Chinese data showing retail sales in the world's second-biggest economy beat forecasts in October in a welcome sign for consumer spending, although other indicators missed. Overnight, Fed Chair Jerome Powell s...
Dollar set for big weekly gain as Powell sends yields up, China data mixed
Dollar set for big weekly gain as Powell sends yields up, China data mixed
Source: Reuters
2024-11-15 09:23:59 am
Oil set for weekly loss on uncertainty around Fed rate cuts, China demand fears Oil prices edged down early on Friday as oversupply concerns and demand worries stemming from a stronger dollar outweighed a steep draw in U.S. fuel stocks. Brent crude futures were down 30 cents, or 0.41%, at $72.26 a barrel by 0105 GMT. U.S. West Texas Intermediate crude futures were down 25 cents, or 0.36%, at $68.45. For the week, Brent is s Oil prices fell on Friday as investors weighed signs demand in top crude importer China continues to underperform amid the country's une...
Oil set for weekly loss on uncertainty around Fed rate cuts, China demand fears
Oil set for weekly loss on uncertainty around Fed rate cuts, China demand fears
Source: Reuters
2024-11-15 08:57:13 am
Dollar headed for weekly gain on slower Fed easing, inflation outlook The dollar was set for its best week in more than a month on Friday, buoyed by expectations of fewer Federal Reserve rate cuts and the view that Donald Trump's policies could further stoke inflation when he assumes office in January. The greenback hovered near a one-year high against a basket of currencies at 106.81 and was eyeing a weekly gain of 1.76%, which would mark its best performance since September. Sterling was in turn on track for its steepest weekly fall since January 20...
Dollar headed for weekly gain on slower Fed easing, inflation outlook
Dollar headed for weekly gain on slower Fed easing, inflation outlook
Source: Reuters
2024-11-15 08:50:52 am
Foreign investors sell nearly $1 billion of JPM index-linked Indian government bonds in Nov Foreigners have sold 82.1 billion rupees ($973 million) of Indian government bonds, which are part of the JPMorgan index, so far in November, according to clearing house data on Thursday. A rise in U.S. yields along with a stronger dollar have driven the selling, traders and analysts said. They expect the outflows to persist until global market volatility settles. "Foreign inflows will likely wait for U.S. yields and dollar index to stabilise before reverting to its pre-October pac...
Foreign investors sell nearly $1 billion of JPM index-linked Indian government bonds in Nov
Foreign investors sell nearly $1 billion of JPM index-linked Indian government bonds in Nov
Source: Reuters
2024-11-14 01:55:25 pm
Adani Group pledges $10 billion investment in US energy security, infra projects Gautam Adani, Chairman of the Adani Group, on Wednesday announced that the Group commits a $10 billion investment in US energy security and infrastructure projects, aiming to create up to 15,000 local jobs in the country. In a post on X social media platform, Gautam Adani once again congratulated President-elect Trump, who is set to become America’s 47th President in a most momentous comeback in political history. “As the partnership between India and the United States deepe...
Adani Group pledges $10 billion investment in US energy security, infra projects
Adani Group pledges $10 billion investment in US energy security, infra projects
Source: IANS
2024-11-14 09:17:25 am
Rupee dips; cenbank heightens scrutiny on FX trades, bankers say  The Indian rupee was slightly weaker on Thursday, tracking a decline in Asian peers, as the dollar index climbed to its highest level in a year amid ongoing momentum following Donald Trump's victory in the U.S. elections. The rupee was at 84.4025 per U.S. dollar as of 11:00 a.m. IST, down from its close at 84.3775 in the previous session. Asian currencies were weaker by 0.1% to 0.9% while the dollar index was up 0.2% at 106.7, hovering close to its highest level in a year. ...
Rupee dips; cenbank heightens scrutiny on FX trades, bankers say
Rupee dips; cenbank heightens scrutiny on FX trades, bankers say
Source: Reuters
2024-11-14 09:07:52 am
Asia shares stumble; long-end US bond yields rise with dollar Asian stocks fell broadly on Thursday, while longer-dated U.S. bond yields rose alongside the dollar as investors assessed the monetary policy and inflation outlook in the world's largest economy. Bitcoin steadied above $90,000 after having surpassed that level in the previous session, turbocharged by Donald Trump's return to the White House and the view that his administration will be a boon for cryptocurrencies. The world's largest cryptocurrency last traded 1.6% higher at...
Asia shares stumble; long-end US bond yields rise with dollar
Asia shares stumble; long-end US bond yields rise with dollar
Source: Reuters
2024-11-14 09:04:25 am
Dollar holds firm at one-year high on Trump trade momentum The U.S. dollar stood at a one-year high against major peers on Thursday and headed for a fifth straight daily gain fuelled by higher yields and Donald Trump's election victory. The greenback climbed above 156 yen for the first time since July. The euro slumped to its weakest since Nov. 2023 at $1.0546 and sterling hit its lowest on the dollar in three months at $1.2683. Higher trade tariffs and tighter immigration under the incoming Trump administration are projected to fuel inflat...
Dollar holds firm at one-year high on Trump trade momentum
Dollar holds firm at one-year high on Trump trade momentum
Source: Reuters
2024-11-14 08:50:43 am
Government efficiency 'czar' Elon Musk to cut a lot of waste in US government: Mark Mobius With Elon Musk leading the new Department of Government Efficiency (DoGE) under Donald Trump’s presidency in the US, the tech billionaire will be able to cut down on a lot of waste in the US government, ace global investor Mark Mobius has said.  In an interaction with IANS, Mobius said that as a “government efficiency czar”, the tech billionaire will be in a better position to bring required changes to the US government. “That will be a big contributor to mo...
Government efficiency 'czar' Elon Musk to cut a lot of waste in US government: Mark Mobius
Government efficiency 'czar' Elon Musk to cut a lot of waste in US government: Mark Mobius
Source: IANS
2024-11-13 02:03:26 pm
Dollar holds firm ahead of US inflation, bitcoin targets fresh highs The U.S. dollar held near a 6-1/2-month peak against major peers and bitcoin was solidly poised just below record highs on Wednesday as markets sized up so-called Trump trades ahead of key U.S. inflation data later in the day. The dollar is reaping the benefits of Republican Donald Trump's victory in the U.S. presidential election last week, with investors pricing in policies of lower taxes and trade tariffs under the incoming administration that are seen as inflationary. [US/]. The...
Dollar holds firm ahead of US inflation, bitcoin targets fresh highs
Dollar holds firm ahead of US inflation, bitcoin targets fresh highs
Source: Reuters
2024-11-13 10:24:20 am
Stocks fall as rally pauses, yields climb on Donald Trump policy worry  A gauge of global stocks declined on Tuesday after advancing for five straight sessions while the dollar hit its highest level in over six months as investors weigh the impact of U.S. President-elect Donald Trump's likely path of policies. Investors have flocked in to assets expected to benefit from Trump policies for his second term in office, after he pledged to impose high tariffs on imports from key trading partners, as well as lower taxes and loosen government regulations. ...
Stocks fall as rally pauses, yields climb on Donald Trump policy worry
Stocks fall as rally pauses, yields climb on Donald Trump policy worry
Source: Reuters
2024-11-13 09:17:51 am
Gold drifts higher amid bargain hunting ahead of US inflation data Gold prices edged up on Wednesday as investors sought bargains after steep declines in the previous session, while the spotlight shifted to U.S. inflation data, which could shed more light on the Federal Reserve's path for monetary policy. Spot gold firmed 0.4% to $2,606.42 per ounce by 0733 GMT, after hitting its lowest since Sept. 20 on Tuesday. U.S. gold futures rose 0.2% at $2,612.30. "There is currently some bargain hunting as prices fell below the $2,600 mark," said ...
Gold drifts higher amid bargain hunting ahead of US inflation data
Gold drifts higher amid bargain hunting ahead of US inflation data
Source: Reuters
2024-11-13 09:06:58 am
Mild relief for rupee on slight recovery in Asia before US inflation data The Indian rupee is likely to inch up at the open on Wednesday on the back of a mild uptick in its Asian peers before U.S. inflation data that will hold cues on what the Federal Reserve will do at its next meeting. The 1-month non-deliverable forward indicated that the rupee will open at 84.38-84.3850 to the U.S. dollar, compared with 84.3925 in the previous session. The currency dipped to an all-time low of 84.4125 on Tuesday. Donald Trump's victory in the U.S. election has spur...
Mild relief for rupee on slight recovery in Asia before US inflation data
Mild relief for rupee on slight recovery in Asia before US inflation data
Source: Reuters
2024-11-13 08:53:33 am
Oil pares losses on tight supply but cloudy demand caps gains Oil prices inched higher on Wednesday underpinned by signs of near-term supply tightness but held near their lowest in two weeks, a day after OPEC downgraded its forecast for global oil demand growth in 2024 and 2025. Brent futures rose 14 cents, or 0.2%, to $72.03 a barrel by 0745 GMT, while U.S. West Texas Intermediate (WTI) crude futures gained 13 cents, or 0.2%, at $68.25. "Crude oil prices edged higher as tightness in the physical market offset bearish sentiment on demand. Buy...
Oil pares losses on tight supply but cloudy demand caps gains
Oil pares losses on tight supply but cloudy demand caps gains
Source: Reuters
2024-11-13 08:49:43 am
Donald Trump realises India a key component to his economic agenda amid China factor: Mark Mobius As US President-elect Donald Trump begins raising the pitch around imposing tariffs amid his 'America First' policy, he realises that India -- on a robust growth path under Prime Minister Narendra Modi -- is an important component to his economic agenda amid the China factor, ace investor Mark Mobius said on Tuesday.   In an exclusive conversation with IANS, Mobius said one of the benefits of the imposition, or at least the threat of higher tariffs, is that it brings people to...
Donald Trump realises India a key component to his economic agenda amid China factor: Mark Mobius
Donald Trump realises India a key component to his economic agenda amid China factor: Mark Mobius
Source: IANS
2024-11-12 04:00:49 pm
Share market opens flat, Bharti Airtel and ICICI Bank among top gainers The Indian stock market opened flat on Tuesday as buying was seen in realty, media, IT, PSU bank, financial services and pharma sectors in early trade.  Sensex was trading at 79,584.29 after rising 88.14 points or 0.11 per cent. At the same time, Nifty was trading at 24,172.95 after rising 31.65 points or 0.13 per cent. The market trend remained positive. On the National Stock Exchange (NSE), 1,525 stocks were trading in green, while 651 stocks were trading in red. Nifty Bank wa...
Share market opens flat, Bharti Airtel and ICICI Bank among top gainers
Share market opens flat, Bharti Airtel and ICICI Bank among top gainers
Source: IANS
2024-11-12 12:27:30 pm
Bitcoin may touch $100,000 by January end after Donald Trump takes office World’s biggest cryptocurrency Bitcoin is heading towards $100,000 amid President-elect Donald Trump’s pro-crypto stance and promise for clearer cryptocurrency regulations.  On Tuesday, the Bitcoin price was hovering around $87,880 apiece. Bitcoin price has surged about 30 per cent since the US election. According to Nigel Green of deVere Group, “Bitcoin could hit $100,000 by the end of January 2025 after Donald Trump takes office”. The bullish prediction...
Bitcoin may touch $100,000 by January end after Donald Trump takes office
Bitcoin may touch $100,000 by January end after Donald Trump takes office
Source: IANS
2024-11-12 12:15:28 pm
Rupee weakens against US dollar on Tuesday Indian rupee weakened against the US dollar on Tuesday amid strength of the American currency at overseas market after markets bet that inflationary policies under Donald Trump will keep interest rates high in the long term, while investors are awaiting key US inflation reading later in the week for directional cues. Moreover, persistent foreign fund outflows also weighed on domestic currency. Foreign Institutional Investors were net sellers in the capital markets on Monday, as they offloaded...
Rupee weakens against US dollar on Tuesday
Rupee weakens against US dollar on Tuesday
Source: Accord Fintech
2024-11-12 12:04:48 pm
All-time low beckons for rupee on slide in yuan, rally in dollar index  The Indian rupee is likely to open at a lifetime low on Tuesday, weighed by the rally in the dollar index and the slump in the Chinese yuan in the wake of Donald Trump's victory in the U.S. Presidential election. The 1-month non-deliverable forward indicated that the rupee will open at 84.40-84.42 to the U.S. dollar, inching past the all-time low of 84.3925 hit on Monday. The rupee has been making all-time lows after Trump's U.S. election victory. The rupee would likely...
All-time low beckons for rupee on slide in yuan, rally in dollar index
All-time low beckons for rupee on slide in yuan, rally in dollar index
Source: IANS
2024-11-12 09:31:02 am
Asian stocks retreat, bitcoin soars to record on Donald Trump euphoria  Asian stocks eased while the dollar held at four-month highs on Tuesday, though all the excitement was centred on bitcoin as it soared to a record peak underpinned by investor bets on assets that are likely to benefit from Donald Trump's election win. Investors anticipate Trump's second four-year term in office will bring equities-boosting tax cuts and looser regulations, lifting the world's biggest and best-known cryptocurrency, bitcoin, to an all-time high of $89,637. ...
Asian stocks retreat, bitcoin soars to record on Donald Trump euphoria
Asian stocks retreat, bitcoin soars to record on Donald Trump euphoria
Source: Reuters
2024-11-12 09:21:41 am
US oil drilling costs may reach $67-$70 per barrel by 2026 under Donald Trump he Donald Trump presidency in the US could have a significant impact on the oil market, with potential growth largely dictated by price, according to a report on Monday.  Additional US oil production means a well drilling cost requirement of $64 per barrel. Going forward, in a couple of years, these costs could scale up to the $67 and $70 range as per the forward prices, according to the report by Ventura Securities. The new US administration's push for increased US oil product...
US oil drilling costs may reach $67-$70 per barrel by 2026 under Donald Trump
US oil drilling costs may reach $67-$70 per barrel by 2026 under Donald Trump
Source: IANS
2024-11-12 09:14:16 am
Gold hovers near 1-month low ahead of US data, Fed speakers  Gold ticked up on Tuesday but hovered near a one-month low, while investors awaited U.S. economic data and comments from Federal Reserve officials for further clarity on the interest rate trajectory. Spot gold rose 0.2% at $2,624.17 per ounce by 0155 GMT, after hitting its lowest since Oct. 10 on Monday. U.S. gold futures rose 0.5% to $2,630.10. The U.S. dollar held near a four-month high as investors continued to pile into trades seen as benefiting from the incoming Donald Trump ...
Gold hovers near 1-month low ahead of US data, Fed speakers
Gold hovers near 1-month low ahead of US data, Fed speakers
Source: Reuters
2024-11-12 08:50:34 am
Dollar soars with bitcoin as Donald Trump trade ramps up; euro, yuan battered The U.S. dollar traded close to a four-month peak versus major peers on Tuesday, while bitcoin extended its record rally as investors continued to pile into trades seen as benefiting from the incoming Donald Trump administration. The euro languished near an almost seven-month trough reached overnight, while the yuan wallowed close to a more than three-month low with Europe and China both particular targets of potential Trump tariffs. The U.S. dollar index, which measures the currency ag...
Dollar soars with bitcoin as Donald Trump trade ramps up; euro, yuan battered
Dollar soars with bitcoin as Donald Trump trade ramps up; euro, yuan battered
Source: Reuters
2024-11-12 08:36:48 am
India inflation to rise further to 5.81% on rising food costs Consumer price inflation in India climbed to a 14-month high of 5.81% in October primarily due to a spike in vegetable and edible oil prices, a Reuters poll of economists predicted, a shade below the central bank's tolerance threshold of 6.0%. Food prices, which make up nearly half of the inflation basket, likely increased at a faster pace last month. Tomatoes, a key ingredient in every Indian kitchen, are expected to have surged by double digits in price as uneven rains disrupted prod...
India inflation to rise further to 5.81% on rising food costs
India inflation to rise further to 5.81% on rising food costs
Source: Reuters
2024-11-11 05:28:44 pm
Investors see safety in India as Donald Trump win casts shadow on emerging markets  Global investors are likely to find relative safety in India's financial markets from the spillover of Donald Trump's economic policies, including from any protectionist trade policies that could spark emerging market volatility. Trump's decisive election victory last week and his impending return to the White House next month has raised significant uncertainty for investors. However, India's strong economic growth, limited exposure to Chinese and the U.S. consumer...
Investors see safety in India as Donald Trump win casts shadow on emerging markets
Investors see safety in India as Donald Trump win casts shadow on emerging markets
Source: Reuters
2024-11-11 02:57:56 pm
Donald Trump`s return likely to bolster India`s textile trade with US: Industry The Confederation of Indian Textile Industry (CITI) on Monday said the return of Donald Trump as the next US President will bolster India's textile and apparel trade with its largest international market.  In 2023, the US accounted for approximately 27 per cent of India’s total textile and apparel exports, underscoring its crucial role in the industry’s global reach. In the current financial year, India’s textile and apparel exports to the US during April-Augu...
Donald Trump`s return likely to bolster India`s textile trade with US: Industry
Donald Trump`s return likely to bolster India`s textile trade with US: Industry
Source: IANS
2024-11-11 01:54:22 pm
Rupee weakens marginally against US dollar on Monday Indian rupee weakened marginally against the US dollar on Monday, due to concerns surrounding the recent victory of Donald Trump in the U.S. elections and stronger US dollar. While, weak trend in domestic equities along with unabated foreign fund outflows also weighed on the local currency. Foreign institutional investors were net sellers in the capital markets on Friday, as they offloaded shares worth Rs 3,404.04 crore, exchange data showed. Rupee sentiments declined further on dip in crude ...
Rupee weakens marginally against US dollar on Monday
Rupee weakens marginally against US dollar on Monday
Source: Accord Fintech
2024-11-11 12:12:08 pm
Details of Donald Trump`s trade policy still difficult to predict: South Korea South Korea plans to strengthen inter-ministerial coordination to address uncertainties surrounding trade policies under the incoming US Donald Trump administration, the trade minister said on Monday.  Trade Minister Cheong In-kyo made the remarks during a meeting with trade-related ministries to discuss strategies for addressing potential changes in US trade policies, according to the Ministry of Trade, Industry and Energy, reports Yonhap news agency. "While details of new po...
Details of Donald Trump`s trade policy still difficult to predict: South Korea
Details of Donald Trump`s trade policy still difficult to predict: South Korea
Source: IANS
2024-11-11 10:06:56 am
Big Tech companies gear up for major policy changes under Donald Trump US President-elect Donald Trump has strong relationships with Big Tech CEOs like Elon Musk and has talked about positive relationships with Amazon Founder Jeff Bezos and Meta Co-founder Mark Zuckerberg.  Other support from Silicon Valley comes from the disdain for Lina Khan, Biden’s strong anti-trust FTC chair who has been very hard on Big Tech, according to a report by Counterpoint Research. “With a potentially more business-friendly FTC chair during the Trump administ...
Big Tech companies gear up for major policy changes under Donald Trump
Big Tech companies gear up for major policy changes under Donald Trump
Source: IANS
2024-11-11 09:30:46 am
Gold extends decline; investors await US data, Fed comments Gold prices fell for a second straight session on Monday, while investors prepared for U.S. economic data and comments from Federal Reserve officials this week for more clarity on the future direction of U.S. interest rates. Spot gold dropped 0.5% to $2,669.22 per ounce, as of 0306 GMT. U.S. gold futures fell 0.7% to $2,675.90. "Gold prices were previously seen as a hedge against U.S. political risks, and a quicker-than-expected conclusion in the elections may be a trigger for some...
Gold extends decline; investors await US data, Fed comments
Gold extends decline; investors await US data, Fed comments
Source: Reuters
2024-11-11 09:19:18 am