The euro weakened in European trading on Wednesday against a basket of global currencies, resuming losses against the US dollar after a two-day recovery. The single currency moved lower once again toward a three-month low, pressured by escalating geopolitical tensions in the Middle East, particularly after the United States launched a new round of airstrikes against Iran. Higher oil prices...

The Japanese yen edged higher in Asian trading on Tuesday against a basket of major and minor currencies as it attempted to recover from a six-week low against the US dollar. However, the currency remains within the intervention zone beyond 160 per dollar, a level widely viewed as a key threshold for potential action by Japanese monetary authorities to support...

The artificial intelligence boom is driving a new wave of innovation in the energy sector, as governments and corporations race to meet the enormous increase in electricity demand expected from the rapid expansion of data centers. Experts estimate that power demand from US data centers alone could surge by about 360% by 2030, reaching 110 gigawatts. Meeting this demand while...

The euro rose in European trading on Tuesday against a basket of global currencies, extending its recovery for a second consecutive session from a three-month low against the US dollar. The move was supported by buying interest at lower levels and improved risk appetite after the halt in military escalation between Iran and Israel, strengthening speculation that a final peace...

04:56 PM EDT, 05/17/2024 (MT Newswires) -- US equity indexes reached new record highs with the Dow Jones Industrial Average topping 40,000 for the first time as bets for an interest-rate cut before the US presidential election remained elevated after consumer price inflation eased. * The Dow Jones Industrial Average closed at 40,003.59 on Friday versus 39,512.84 a week earlier....

04:45 PM EDT, 05/17/2024 (MT Newswires) -- The Standard & Poor's 500 index rose 1.5% this week, marking the fourth straight weekly gain, as investors were encouraged by signs of easing consumer price inflation. The benchmark ended at 5,303.17 on Friday, two days after reaching a record close at 5,308.15. The index reached a new intraday high on Thursday at...

01:54 PM EDT, 05/17/2024 (MT Newswires) -- US equity indexes traded close to record highs, while government bond yields rose after midday on Friday. The Dow Jones Industrial Average rose 0.2% to 39,954.2, close to the record 40,051.05 this week. The S&P 500 was little changed at 5,296.3, hovering close to the all-time high of 5,325.49. The Nasdaq Composite slipped...

NEW YORK, May 17 (Reuters) - A rebound that has taken the U.S. stock market to record highs this week may have further to run, if history is any guide. Fresh signs of a cooling economy calmed inflation worries in May, helping all three major U.S. stock indexes rise to records this week. The benchmark S&P 500, which fell over...

TikTok, owned by China's ByteDance, has 125 million active monthly users in Indonesia, a country of more than 270 million people. It has been looking to translate the large user base into a major e-commerce revenue source.

The initiative, conducted in collaboration with IIT Bombay and the Department of Consumer Affairs (DoCA), aims to assess the application of large language models (LLM) in enhancing the efficiency of India's consumer grievance redressal system.

Karnataka Chief Minister Siddaramaiah, this policy revision reflects the Karnataka government's commitment to staying ahead of all and fostering growth in this critical sector.

According to a press release, clusters economically viable for drone use will be identified, with 15,000 women SHGs in selected states receiving Central Financial Assistance covering 80% of drone costs, up to ₹8 lakh.

As part of the Yatra, more than 2,500 mobile performing vans and over 200 mobile theatre vans will be pressed into service to cover the 2.55 lakh gram panchayats and clusters in all cities and towns of the country.

The Madhya Pradesh Assembly election exit poll results will be streamed live on all News18 network channels, including CNBCTV18, after 6.30PM on Thursday, November 30.

The cases were lodged against Union Minister of State Rajeev Chandrasekhar over his controversial social media posts following the blasts at a convention centre in Kochi during a prayer meeting of Christian religious group Jehovah's Witnesses.

A senior leader who attended the meeting said Venugopal asked state leaders to support state Congress chief Ashok Chavan and warned that party president Rahul Gandhi will not tolerate any indiscipline.

(Reuters) - AutoZone ( AZO ) beat estimates for third-quarter profit on Tuesday, driven by strong demand for automotive parts as more Americans held on to their ageing cars amid higher prices and wait times for newer models. Quarterly net sales at the auto parts supplier, which competes with Advance Auto Parts ( AAP ) and O'Reilly Automotive, rose 3.5%...

08:19 AM EDT, 05/21/2024 (MT Newswires) -- Wallbridge Mining ( WLBMF ) said Tuesday that it received $8.1 million in tax refunds from the Quebec Government as part of the 2023 Quebec Tax Credit Relating to Resources. The company said it will use the funds from the tax credit, which refunds a portion of eligible exploration expenses incurred and not...

08:20 AM EDT, 05/21/2024 (MT Newswires) -- Bristol-Myers Squibb ( BMY ) said Tuesday that the US Food and Drug Administration has reassigned the Prescription Drug User Fee Act goal date of the Biologics License Application for the subcutaneous formulation of Opdivo co-formulated with Halozyme's recombinant human hyaluronidase. The PDUFA goal date is now expected Dec. 29, 2024, compared with...

08:18 AM EDT, 05/21/2024 (MT Newswires) -- Ares Management ( ARES ) is targeting over $750 billion in assets under management by 2028, the company said Tuesday. Realized income will likely increase at a faster rate than fee-related earnings over the next five years, assigning 2028 midpoint targets to the two categories of $3.50 billion and $2.65 billion, respectively, Ares...

Bitcoin prices have typically rallied in the past following halvings. Six months after the first halving in 2012, the price jumped to $126 from $12. After the second halving in 2016, it went to $1,000 from $654 within seven months and in 2020 it shot up to $18,040 from $8,570 in the same time period.

Bankman-Fried was found guilty of seven counts of fraud and conspiracy after jurors in Manhattan deliberated for less than five hours Thursday.

A spot crypto ETF would track the market price of the underlying crypto asset, giving investors exposure to the token without having to buy the currency. The SEC has previously denied all spot bitcoin ETF applications citing potential for fraud, but that could soon change after it lost a legal battle in August.

Binance will pay $4.3 billion in one of the largest corporate agreements in US history. Changpeng Zhao will pay a $50 million fine under a deal that requires him to step down as CEO. Zhao pleaded guilty Tuesday to violating the Bank Secrecy Act in federal court in Seattle.