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Asian equities inched higher on Friday after as investors relieved after softer reading of US inflation, expecting another interest rate cut as early as next month. Optimism was further supported by strong earnings from US chipmaker Micron Technology, which eased fears that the rally in technology stocks may be overstretched.Hong Kong’s HSI is trading at…
Rupee continued its upward rally against the US dollar on Friday, opening at 90.1325 per dollar, up about 0.1% from its previous close.The currency closed at 90.20 against US dollar, on Thursday, making a tentative recovery after sliding to record lows earlier this week.This rebound was largely attributed to intervention by the Reserve Bank of…
MUMBAI: Most tech-driven financial services platforms faced outages during Friday’s high-intensity late session due to tech-glitch at Cloudflare, one of the companies that runs the internet globally. Traders in India faced issues with trade execution and cancellations on a day when the RBI policy and weekend considerations led to higher trading intensity than most other…
US markets traded in green on Thursday as investors welcomed fresh signs that pressure on Wall Street may be easing, with Nvidia’s latest earnings and renewed hopes of another interest rate cut by the Federal Reserve. Dow jumped 662 points or 1.44% to 46,801. Nasdaq also rose to 23,134 up, 569 points or 2.5% at…
The US stock market held steady on Wednesday as traders looked ahead to two key updates expected to shape Wall Street. Dow climbed 35 points or 0.08% to reach 46,127. Nasdaq also rose 182 points to 22,615 at 8:20 PM IST. S&P 500 also followed the suit, trading at 6,650, up 33 points or 0.5%.Lowe’s…
At LSG, Mohammed Shami will reunite with bowling coach Bharat Arun, who was in the Indian team in the same role from 2014-2021. (Image credit: BCCI/IPL) NEW DELHI: Former India leg-spinner Amit Mishra has described the trade involving veteran pacer Mohammed Shami — from Sunrisers Hyderabad (SRH) to Lucknow Super Giants (LSG) — on IPL…
Wall Street witnessed mixed trading on Tuesday, cooling off after Monday’s sharp rally that followed a week of losses. The S&P 500 slipped 0.2% in early trading, the Dow Jones Industrial Average added 73 points, while the tech-heavy Nasdaq fell 0.5%. Despite the pullback, all three major indexes remained close to record highs, AP reported….
The Boston Celtics are reportedly targeting Phoenix Suns center Nick Richards to bolster their frontcourt after trading Jrue Holiday and Kristaps Porzingis. This move aims to provide affordable depth and rim protection while managing the salary cap. Richards’ efficiency and physicality make him a strategic fit for Boston’s competitive goals. The Boston Celtics could be…
MUMBAI: RBI has announced measures to promote internationalisation of the rupee, aiming to expand its use in trade, financing, and investment while reducing dependence on the dollar. The move comes even as the US is pressurising emerging markets from moving against the dollar.Financial Benchmarks India (FBIL) will publish reference rates for select currencies of India’s…
Asian stocks jumped on Thursday, lifted by US job data reports that hinted at possible interest rate cuts, even as parts of the US government partially shut down.Japan’s Nikkei was up 359 points or 0.8%, trading at 44,910. Kospi gained 3% to each 3,562 while HSI surged 390 points reaching 27,245, at 10:00 AM IST….
