The Japanese yen rose in Asian trading on Wednesday against a basket of major and minor currencies, extending its gains for the third consecutive day against the US dollar and hitting its highest level in a week, benefiting from the continued decline in the US currency amid growing optimism over an end to the Iran war, especially following recent statements...

The US dollar is on track on Tuesday to post its largest monthly gain since July, emerging as the strongest safe-haven asset amid the war in the Middle East, which has pushed oil prices higher while most other assets declined and increased the risk of a global recession. Currencies of advanced economies were largely stable during Tuesdays trading, with the...

The US dollar declined for the second consecutive day on Wednesday amid growing expectations of a potential ceasefire in the ongoing conflict in the Middle East, after the United States indicated that the end of the war may be near, although markets remained cautious amid fears of possible renewed escalation. The White House said that US President Donald Trump will...

Technology giants Microsoft and Nvidia are collaborating on an AI-driven initiative aimed at accelerating the development of nuclear energy to meet the growing power demands driven by artificial intelligence. The project seeks to build an ecosystem of AI-powered digital engineering tools designed to shorten the lengthy timelines required to bring nuclear power plants online, amid rapidly rising global energy demand....

Fedbank Financial Services IPO listing date: Despite the NBFC's strong track record of growth and profitability, along with its diversified customer portfolio, the lack of enthusiasm among investors could lead to a flat or even negative listing, analysts say.

The Gurugram-based fintech firm is working with DAM Capital Advisors and SBI Capital Markets for preparations of its listing. The company is aiming to file an initial prospectus as soon as next month and a share sale could happen in 2024.

The rally in the Tata Motors stock comes ahead of the listing of its arm Tata Technologies Ltd on the bourses. Last heard, shares of Tata Technologies were trading at a premium of ₹420 in the grey market, suggesting a likely listing at ₹920 over its issue price of ₹500.

JPmorgan has maintained an 'overweight' rating on Reliance with a target of Rs 2,810 per share, while UBS has maintained a 'neutral' rating on Simens with a target of Rs 3,750 per share.

The EV revolution forced the automotive industry to evolve. But even the EV king, Tesla Inc ( TSLA ) has woken up to a harsh reality of a cooling EV market, a problem that can't be fixed by lowering prices. On Wednesday, Tesla stock tumbled as Wells Fargo analyst labeled Tesla as a growth company that is not growing. But,...

ROME, March 14 (Reuters) - Italy will soon see more foreign investment in its semiconductor sector, Industry Minister Adolfo Urso said on Thursday, following a deal announced this week involving Singapore-based Silicon Box. Speaking to reporters in the northern city of Verona, Urso said the $3.5 billion investment by Silicon Box was the first major foreign investment in the sector...

CAIRO/RAMALLAH (Reuters) -Mohammad Mustafa, appointed as prime minister of the Palestinian Authority (PA), is one of the leading Palestinian business figures and a rare ally of PA head Mahmoud Abbas who has overseen Gaza reconstruction under Hamas Islamist rule. A U.S.-educated economist, he once ran the Palestinian telecoms company Paltel and more recently the PA's public Palestine Investment Fund (PIF),...

WASHINGTON, March 14 (Reuters) - U.S. President Joe Biden and Commerce Department Secretary Gina Raimondo plan next week in Arizona to unveil a multi-billion dollar award for Intel Corp ( INTC ) to expand its chip production in the United States, two people familiar with the matter said on Thursday. ...

Scripting a landslide poll victory, BJP MLA from Noida constituency and Defence Minister Rajnath Singh’s son, Pankaj Singh, won the seat by a margin of 1,81,513 votes -- the highest in the state. He secured a record 2,44,319 votes to decimate his nearest Samajwadi Party rival, Sunil Choudhary, who could just secure 62,722 votes.

Capturing this undercurrent and to showcase Yogi government’s achievements on the front, the BJP leaders, in their poll rallies and election meetings, often repeated names of gangster-turned-politicians Mukhtar Ansari, Atiq Ahmad and others, including SP leader Azam Khan. All three are currently in jail.

Three sitting CMs won from their seats whereas the remaining two suffered crushing defeats in the just-concluded Assembly Elections.

Gorakhpur Urban Election Result 2022 LIVE Updates: Get latest and updated vote counting result of Gorakhpur Urban constituency of Uttar Pradesh including leads, election results, candidates, vote margin news.

LONDON (Reuters) -Alumina prices have soared to record highs this week, compressing margins at the world's aluminium smelters which convert the intermediate product into metal. The London Metal Exchange (LME) cash price, indexed to Platts benchmark Australian alumina assessment, closed Wednesday at $633.35 per metric ton, lifting the ratio to the aluminium price to almost 25%. The alumina-aluminium ratio was...

07:27 AM EDT, 10/18/2024 (MT Newswires) -- Maxim Power ( MXGFF ) reported overnight Thursday the voluntary repayment of $49.9 million owed within the senior credit facility. As a result, Maxim said the fixed rate construction facility and the bank term facility #1 are reduced to nil and no longer available. The company added that there are no other changes...

07:27 AM EDT, 10/18/2024 (MT Newswires) -- Alphabet (GOOG, GOOGL) said in a Thursday blog that its Gemini app team will join the group behind its artificial intelligence research lab Google DeepMind to simplify its structure. Gemini app is the group's direct consumer interface, according to the blog. The company said it expects the move to accelerate deployment of new...

07:27 AM EDT, 10/18/2024 (MT Newswires) -- Prudential Financial ( PRU ) has received approval from China's National Financial Regulatory Administration to set up an insurance asset management firm in Beijing, Reuters reported early Friday, citing the regulator. BNP Paribas and Volkswagen Financial Services also received approval from the regulator to create a joint venture in the country, the report...

The United States Securities and Exchange Commission (SEC) has charged 17 individuals for allegedly perpetrating a cryptocurrency Ponzi scheme that defrauded thousands of Latino investors in the country for approximately $300 million. According to an official release from the regulator, the alleged fraudsters operated under a company named CryptoFX LLC, which is based in Houston, Texas. SEC Charges 17 For...

The price of Bitcoin (BTC) has reached new all-time highs much faster than analysts had expected. A substantial upswing kicked off a few weeks after the approval of the Bitcoin Spot ETF. BTC started the week with an intense burst of volatility, as it topped $73K, tumbled to $69K, and then climbed its way back above $70K — all in...

FTSE 100, Dow Jones, Nasdaq 100 Daily Price and Charts ​​​FTSE 100 retreats from a ten-month high ​Wednesday saw the price reach its highest level in ten months, but a reversal on Thursday might suggest that more declines are in store, at least towards the 50-day simple moving average. ​Below this lies 7600, where buying pressure appeared in the second...

US Dollar Price, Analysis, and Charts Major central bank policy decisions next week.US dollar index nears a cluster of resistance points.British Pound edging lower ahead of UK inflation report. Recommended by Nick Cawley Building Confidence in Trading The latest US PPI report showed that wholesale inflation remains sticky, denting the recent disinflation story. US y/y inflation rose 1.6% in February,...