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...

The Australian dollar fell against most major rivals on Thursday despite strong labor data. Australia's unemployment rate was unchanged in April at 4.1%, same as March, and matching expectations. The Australian economy added 89.0 thousand new jobs in April, easily beating estimates of a 20.9 thousand addition, while March's reading was revised to show the addition of 32.2 thousand jobs...

The Australian dollar fell against most major rivals on Wednesday following labor data. Australian wages rose 0.9% in the first quarter of the year, above estimates of 0.8%. On trading, the AUD/USD pair rose 0.7% as of 20:56 GMT to 0.6428. Loonie The Canadian dollar fell 0.3% against the greenback as of 20:56 GMT to $0.7155. The US Dollar The...

The Australian dollar rose in Asian trade on Wednesday against the US dollar after a short hiatus yesterday, with the pair heading towards four-month high and about to mark the second monthly profit in a row. Earlier Sydney data showed inflationary pressures remained persistent on monetary policymakers, casting doubts on the odds of an Australian interest rate cut in May....

Going forward, analysts expect Nifty to hold strong support at around 19,500 followed by a healthy consolidation in the broad range of 19,500-20,000 in current expiry week.

Salasar Techno Engineering said that the new galvanisation plant will play a significant role in meeting the growing demand for high-quality galvanised products in various industries, especially for transmission line monopoles and large size structures.

However, analysts remain cautious over investors’ frenzy over small stocks as majority of them have been reporting losses and are thinly traded on the bourses. Moreover, institutional holdings in these stocks are miniscule, making the exit cumbersome for investors.

Eicher Motors, Nestle India, Bajaj Auto, Hero MotoCorp and ONGC were among the top gainers on the Nifty, while losers included IndusInd Bank, Tech Mahindra, Cipla, Kotak Mahindra Bank and Adani Enterprises.

Palo Alto Networks Stock Analysis Intraday levels of Palo Alto Networks stock (PANW) saw a slight increase after aligning with the upward short-term trend line, providing the stock with positive momentum. However, negative pressure was exerted by trading below the 50-day SMA, along with negative signals from the RSI after reaching overbought levels, limiting potential gains. Forecast and Analysis Given...

Bristol-Myers Squibb Stock Analysis Intraday levels of Bristol-Myers Squibb Companys stock (BMY) saw a rise, managing to surpass the important resistance level of $53.55. The dominance of an upward correctional trend in the short term, along with positive pressure from the 50-day SMA, and signals from the RSI after reaching oversold levels, contributed to the bullish sentiment. Forecast and Analysis...

Bank of America Stock Analysis Intraday levels of Bank of Americas stock (BAC) witnessed an advancement amidst the dominance of an upward correctional trend in the short term. Positive support from the 50-day SMA and signals from the RSI, after reaching overbought levels, further bolstered the bullish sentiment. Forecast and Analysis Considering the current trends and indicators, we anticipate further...

Ratings for America Movil ( AMX ) were provided by 6 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total...

On Tuesday, the Gehlot government invited bids for both projects to build the dams within the next four years. The chief minister had announced both projects in last year’s budget.

A fire that broke out at the waste treatment plant in Kochi on March 2, 2023, continues to spread toxic fumes even after 11 days of the incident. The Kerala government has said that 95 percent of the fire has been extinguished, but the smoke from the landfill has not entirely subsided. 

Activists have contended that words like "ecotourism facilities" and "any other purposes" are too vague and may pave the way for widespread exploitation and misuse.

The new bill exempts registered AYUSH practitioners and people accessing codified traditional knowledge, from sharing benefits with local communities or giving prior intimation to state biodiversity boards before accessing biological resources.

May 14 (Reuters) - Pennon Group PLC ( PEGRF ): * UK'S CMA - THERE ARE REASONABLE GROUNDS FOR BELIEVING UNDERTAKINGS OFFERED BY PENNON, OR A MODIFIED VERSION , MIGHT BE ACCEPTED BY CMA * UK'S CMA SAYS CMA NOW HAS UNTIL 16 JULY 2024 TO DECIDE WHETHER TO ACCEPT UNDERTAKINGS, WITH POSSIBILITY TO EXTEND THIS TIMEFRAME TO 11 SEPTEMBER...

TAIPEI, May 14 (Reuters) - Apple ( AAPL ) supplier Foxconn reported on Tuesday a 72% rise in first-quarter profit, boosted by strong demand for computer servers and coming off a low base from the period a year earlier. The Taiwanese company, the world's largest contract electronics maker, said net profit for the January-March quarter rose to T$22.01 billion ($679...

(Our regular analysis of cryptocurrencies) By Medha Singh May 14 (Reuters) - What's happened to the army of retail traders who used to drive bitcoin's biggest rallies? U.S. crypto exchange Coinbase reported just $56 billion in consumer trading volumes in the first quarter of 2024, when bitcoin leapt to record heights close to $74,000. While that represents a fledgling recovery...

TOKYO, May 14 (Reuters) - Japan's Sony Group ( SONY ) reported a 7% fall in annual operating profit on Tuesday, hit by the performance of its financial business. Profit for the year ended March was 1.2 trillion yen ($7.67 billion), in line with an average estimate from 23 analysts polled by LSEG. Sony ( SONY ) said it sold...

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

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

Shark Tank star and Canadian millionaire Kevin O’Leary, who has always been bullish on Bitcoin, expressed how the adoption of green energy by mining companies could reduce fossil fuel usage and trigger a wider acceptance of sustainable energy

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