Yen Plummets, Stocks Rally: Markets Greet Japan’s Next Leader
The governing party’s unexpected choice of Sanae Takaichi to lead it rattled markets on Monday, causing the yen to weaken and sending Japanese stocks sharply higher. Source link
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India, EU trade talks commence today
NEW DELHI: Senior officials of India and the 27-nation European Union (EU) will commence the next round of talks for a proposed free trade agreement today in Brussels to iron out differences on issues for early conclusion of the negotiations, an official said.This will be the 14th round of negotiations between the two sides. Commerce…
FPIs sell equities worth 23,885 crore in September
NEW DELHI: Foreign portfolio investors (FPIs) remained net sellers of Indian equities in September, withdrawing Rs 23,885 crore and taking year-to-date outflow to Rs 1.58 lakh crore. This marks the third consecutive month of withdrawals, following heavy outflows of Rs 34,990 crore in August and Rs 17,700 crore in July, data obtained from depositories showed….
Alternatives to OTPs will make payments safer: Visa
MUMBAI: RBI‘s move to get merchants to store tokens instead of card data since 2022 has cut down frauds and improved transaction success rates. Now, allowing alternatives to one-time passwords (OTP) for authentication is expected to make the system more efficient. Speaking to TOI, Visa’s head of products and innovation for South Asia, Ramakrishna Gopalan,…
‘US tariffs: Uncertainty bigger than Covid, financial crisis’
NEW DELHI: Asian Infrastructure Investment Bank chief economist Erik Berglof says that US tariffs have created more uncertainty than the Covid pandemic or the global financial crisis and argues that global supply chains are here to stay. Excerpts from an interview with TOI:What do you make of current global situation in the wake of the…
Netflix vs Elon Musk: Streaming platform shares fall 5% in a week; here’s why Tesla CEO is not watching it anymore
Shares of streaming platform Netflix have tumbled almost 5% over the past 5 trading sessions ever since Tesla CEO Elon Musk has started urging his followers to boycott the company and cancel their subscriptions.Netflix shares fell on Friday, marking their biggest weekly decline since April, even as the broader market rallied. Though major indices rose…
Renault considers 3,000 job cuts under cost-saving plan, eyes efficiency in support functions: Report
French automaker Renault is planning to reduce about 3,000 jobs through a voluntary redundancy programme for staff in support function; Reuters reported on Saturday citing French newsletter L’Informe. The cost-cutting initiative, named “Arrow,” targets human resources, finance, marketing, and other support services, aiming to lower staff numbers by roughly 15% at its headquarters in Boulogne-Billancourt…
Stock market this week: All eyes on Q2 results, macroeconomic cues— What will drive investor focus
Indian equity markets this week will be guided by macroeconomic data, global developments, and quarterly results from IT giant TCS, analysts said. Investors will also keep an eye on foreign fund flows, which have continued to show caution.In September, foreign portfolio investors (FPIs) were net sellers, withdrawing Rs 23,885 crore from Indian equities. This pushed…
Costco to Sell Ozempic and Wegovy, Weight-Loss Wonder Drugs
Costco members will pay $499 a month out of pocket, the same price offered at CVS and Walmart, and on the manufacturer’s direct-to-consumer website. Source link
Crude oil: Opec+ to raise production by 137,000 bpd from November; group stays cautious amid supply glut fears
Saudi Arabia, Russia and six other members of Opec+ on Sunday decided to raise their oil production quotas by 137,000 barrels per day (bpd) for November, continuing efforts to reclaim market share amid cautious demand projections, AFP reported.“In view of a steady global economic outlook and current healthy market fundamentals, as reflected in the low…