3 Dead in Hantavirus Outbreak Aboard Cruise Ship, W.H.O. Says
One case of the infection has been confirmed in a laboratory, and there are five additional suspected cases, the organization said on Sunday. Source link
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FPIs continue to exit Indian markets, sold Rs 60,847 cr worth equities in April
Foreign investors continued their selling spree from Indian equities in April, pulling out Rs 60,847 crore from the market. This comes after a massive sell-off in March, when overseas investors had already offloaded shares worth Rs 1,17,775 crore, according to National Securities Depository Limited data. The back-to-back withdrawals have pushed cumulative foreign portfolio investor (FPI)…
Private credit risks may trigger wider crunch; Fed’s Michael Barr warns of ‘psychological contagion’
US Federal Reserve Governor Michael Barr has warned that stress in the fast-growing private credit market could trigger “psychological contagion” and spill into the broader financial system, Reuters reported citing an interview with Bloomberg News.Barr said direct links between banks and private credit firms do not currently appear “super worrisome”, but other areas such as…
New building standard makes fire safety advisory, raises height threshold to 24m
New Delhi: Residential buildings under 24 metres in height — a category that includes a large number multi-storey homes, such as the ill-fated one in Delhi’s Vivek Vihar — will fall outside the scope of “fire and life safety” provisions under the newly notified National Building Construction Standards (NBCS), which replaced the National Building Code…
Spirit Airlines’ Demise Could Help Other Airlines
Even in its reduced state, the company played an important role in forcing other airlines to keep fares low, some experts said. Source link
Gold, silver rate outlook: Prices may stay range-bound next week; US-Iran tensions, jobs data in focus
Gold and silver prices are likely to remain range-bound next week as investors track developments in the US-Iran conflict, key global macroeconomic data and domestic political cues, analysts said, PTI reported.Market participants will watch PMI readings from major economies early in the week, followed by US labour market indicators and non-farm payroll data later in…
‘Devil Wears Prada’ Sequel Leads Box Office With $77 Million
It was the biggest opening weekend for a traditional comedy in 11 years. One analyst called the debut “sensational.” Source link
How a weaker dollar is quietly making life more expensive for Americans
For many Americans worried about rising prices, one of the biggest pressures on household budgets may not be immediately obvious. Beyond grocery aisles and holiday bookings, the declining value of the US dollar is quietly making everyday life more expensive. Since Donald Trump’s return to the White House as the president, dollar has dropped around…
OPEC Plus, in Symbolic Gesture, to Increase Oil Production
The announcement came days after the United Arab Emirates withdrew from the group. The higher output will have little effect on global supplies. Source link
India-bound LPG tanker clears Hormuz, supply relief cargo heads to Vizag
A liquefied petroleum gas (LPG) tanker carrying cargo for India has crossed the Strait of Hormuz and is now sailing towards the country, offering some relief to supplies disrupted by the Middle East conflict, PTI reported.An official statement said the Marshall Islands-flagged vessel MT Sarv Shakti, carrying 46,313 tonnes of LPG, cleared the strategic chokepoint…