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The Australian dollar tumbled on Tuesday against a basket of major rivals, resuming losses against the US counterpart after a short hiatus and becoming the worst performing G8 currency after the RBAs rate cut. The Reserve Bank of Australia voted to cut interest rates by 25 basis points to 3.85%, the lowest since May 2023, as inflation cooled. The Price...

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The Australian dollar rose in Asian trade on Wednesday against a basket of major rivals, expanding gains for the second straight session against the US dollar and hitting a week high, while approaching five-week highs following strong Australian wages data. The data renewed inflationary pressures on the Reserve Bank of Australias policymakers, which hurt the odds of a rate cut...

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.

CNBC-TV18 had reported on Thursday siting sources that Alipay, a unit of Jack Ma's Alibaba is looking to sell 29.6 crore shares or 3.4% of the company's overall equity in a block deal.

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 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.

Intel Corp ( INTC ) declined 3% to $22.74 Tuesday afternoon as geopolitical tensions escalated in the Middle East, specifically following Iran’s missile attack on Israel. Tuesday’s attack marked a significant development in the ongoing regional conflict, raising concerns among investors about the potential economic implications for global markets. Additionally, tens of thousands of dockworkers have gone on strike, potentially...

In the latest quarter, 4 analysts provided ratings for Onto Innovation ( ONTO ) , showcasing a mix of bullish and bearish perspectives. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 2...

Oct 2 (Reuters) - KKR is considering a takeover bid for chip equipment maker ASMPT ( ASMVF ), Bloomberg News reported on Wednesday, citing people familiar with the matter. Hong Kong-listed ASMPT ( ASMVF ) is valued at HK$39.39 billion ($5.07 billion), according to LSEG data. ($1 = 7.7660 Hong Kong dollars) ...

* Oracle's investment set to be one of the largest in Malaysia * Cloud region to help Malaysian organizations modernize and innovate with AI * Oracle says planning further expansion across Asia By Danial Azhar KUALA LUMPUR, Oct 2 (Reuters) - Oracle plans to invest more than $6.5 billion to set up its first public cloud region in Malaysia, the...

Congress party says it is struggling to find enough helicopters to ferry its leaders ahead of a general election, accusing Prime Minister Narendra Modi's ruling Bharatiya Janata Party (BJP) of hogging resources.

With Priyanka Gandhi taking up a formal role and her brother assigning to her eastern Uttar Pradesh, the Congress is not a marginal player, in any sense, in Uttar Pradesh. And the SP-BSP combine cannot see all the anti-incumbency votes landing on their laps in the natural way. The Congress could end up taking the chunk of the anti-BJP votes in Uttar Pradesh. The question, then, is whether it could help the BJP?

The Congress has played its last remaining ace, and one is not quite sure how that will pan out.

“The United States maintains diplomatic relations with Venezuela and will conduct our relations with Venezuela through the government of interim President Juan Guaido, who has invited our mission to remain in Venezuela,” Secretary of State Mike Pompeo said in a statement.

SEOUL, Nov 5 (Reuters) - South Korea has ordered Facebook owner Meta Platforms ( META ) to pay 21.62 billion won ($15.67 million) in fines after finding it had collected sensitive user data and given it to advertisers without a legal basis, Seoul's data protection agency said. The U.S. tech giant obtained information from about 980,000 South Korean Facebook users...

LONDON, Nov 5 (Reuters) - The $19 billion merger between Vodafone ( VOD ) and Hutchison's Three UK is likely to be given the go ahead as investment commitments outweigh concerns over competition, the British regulator said in a provisional ruling on Tuesday. Britain's Competition and Markets Authority said the deal could proceed if the remedies it recommends are implemented,...

TAIPEI (Reuters) - Taiwan's Foxconn, the world's largest contract electronics maker and Apple's ( AAPL ) biggest iPhone assembler, on Tuesday reported revenue for October rose 8.59% year-on-year to reach the highest on record for the month at T$804.8 billion ($25.20 billion). Looking ahead to the fourth quarter, operations are anticipated to show both quarterly and yearly growth, the company...

TAIPEI, Nov 5 (Reuters) - Taiwan's Foxconn, the world's largest contract electronics maker and Apple's ( AAPL ) biggest iPhone assembler, on Tuesday reported revenue for October rose 8.59% year-on-year to reach the highest on record for the month at T$804.8 billion ($25.20 billion). Looking ahead to the fourth quarter, operations are anticipated to show both quarterly and yearly growth,...

El Salvador and Iceland are hotspots to watch out for as world wakes up to power of cutting-edge geothermal.

The bitcoin mine would use solar and storage technology from Tesla and be entirely run on renewable energy

Founded in 2017 by Jaynti Kanani, Anurag Arjun, Sandeep Nailwal and Mihailo Bjelic as a secondary scaling solution for the Ethereum blockchain, Polygon is building a suite of scaling solutions.

The crypto industry has been focussing hard on making the business more environment friendly.