Nasty News? Until Now, the Markets Said All Was Well.
Despite domestic and global tumult, the third quarter was fabulous for investors. But are the good times over? Source link
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Diwali gift for traders: Delhi govt disburses Rs 694 crore GST refunds; backlog since 2019 cleared
Traders in Delhi are set for a brighter Diwali as the city government, led by Chief Minister Rekha Gupta, has disbursed Rs 694 crore in GST refunds pending since 2019, out of a total due of Rs 1,600 crore, PTI reported.The refund process has accelerated in recent months, with a record Rs 227 crore paid…
Trump Moves to Cancel Esmeralda 7, a Giant Solar Project
Known as Esmeralda 7, the project planned in the Nevada desert would have produced enough energy to power nearly two million homes. Source link
US markets today: Wall Street slides, S&P falls 2% as Trump threatens higher China tariffs; investors brace for renewed trade tension
A months-long calm on Wall Street shattered on Friday after President Donald Trump threatened to sharply raise tariffs on China, triggering a broad market sell-off and pushing the S&P 500 toward its steepest loss since April.The S&P 500 slid 2%, while the Dow Jones Industrial Average plunged 622 points and the Nasdaq composite fell 2.7%,…
Trump Threatens to Impose New Tariffs on China and Cancel Meeting With Xi
The president proposed economic retaliation after Beijing imposed new restrictions on the export of rare earth minerals, which are vital supplies for U.S. makers of chips and batteries. Source link
Currency watch: Rupee rises 7 paise to 88.72 against dollar; domestic markets and crude oil support gains
The rupee strengthened by 7 paise to close at 88.72 against the US dollar on Friday, buoyed by positive domestic market trends and a broad decline in crude oil prices, PTI reported. Forex traders said the central bank’s intervention also provided support, although a firm US dollar capped sharper gains.The rupee opened at 88.80 and…
Billions of Dollars ‘Vanished’: Low-Profile Bankruptcy Rings Alarms on Wall Street
The unraveling of First Brands, a midsize auto-parts maker, is exposing hidden losses at international banks and “private credit” lenders. Source link
India-Korea trade talks: New Delhi, Seoul to explore joint initiatives in electronics; EV parts and digital supply chains
India and South Korea have agreed to explore joint initiatives in the fields of electronics, electric vehicle (EV) components and trusted digital supply chains, the commerce ministry said on Friday.The discussions took place between Minister of State for Commerce and Industry Jitin Prasada and his Korean counterpart Yeo Han-Koo on the sidelines of the G20…
White House Signals Federal Layoffs Have Begun During Shutdown
The head of the White House budget office said on Friday that reductions in force had started. Source link
Decline of the US dollar? Why gold prices are breaking all records; ‘more reliable safe-haven asset’
Central banks around the world are increasing the percentage of gold reserves in their overall foreign exchange reserves. (AI image) Gold is on a record-breaking spree – even by its safe haven standards! Gold prices have been rising to new lifetime highs both in the domestic and international markets – smashing records with a bull…