Most Asian currencies fell on Friday, and were set to close the week lower following hawkish comments from several Federal Reserve officials, as well as growing concerns over a potential recession this year. China-exposed currencies were the worst performers this week, even as data released earlier showed that the country’s economy was beginning to pick …
U.S. stock futures were trading flat during Monday’s evening deals, after major benchmark indices finished the regular session higher ahead of the U.S. midterm elections on Tuesday. By 18:20 ET (23:20 GMT), Dow Jones Futures and S&P 500 Futures were flat, while Nasdaq 100 Futures ticked 0.1% higher In extended deals, Lyft (NASDAQ:LYFT) fell 14.2% …
Oil prices fell almost 5% to a three-week low on Friday, prompting investors to fear that interest rate rises by major central banks would slow the global economy and reduce energy demand. Shares of energy companies fell up to 17% on the BSE in Monday’s session. In intra-day trading on the BSE, Mangalore Refinery & …
The dollar extended its overnight run into Asian trading hours on Tuesday, reaching new two-decade highs against the yen as concerns over continuing inflation drove up US bond rates. The dollar gained ground against the euro, pound, and Swiss franc. It also rose against the Australian dollar, with the market divided on whether the country’s …
Sugar company shares were under pressure for the second day in a row, tumbling up to 9% on the BSE in Wednesday’s trade after the government announced export limits on sugar on Tuesday. Sugar exports will be regulated by the government, with a limit of 10 MT for the current sugar season. Sugar mills have …
In April, India’s power consumption reached an all-time high of 132.98 billion units, owing to the country’s rising mercury levels. The country’s electricity demand is likely to grow to 220 gigawatts in the next two months, according to India’s power ministry, as the meteorological department predicts above-normal maximum temperatures in the west-central, north-west, north, and …
Bajaj Auto Ltd reported a 20% drop in overall sales in April to 3,10,774 units on Monday. Bajaj Auto said in a statement that it sold 3,88,016 vehicles in the same month last year. It stated that total domestic sales in April 2021 were 1,02,177 units, down 24% from 1,34,471 units in April 2021. Last …
Sri Lankan stocks fell and were set for another day of trading stoppage when the market opened for the first time in two weeks, during which the economic situation worsened. Within seconds after resuming trading, the Sri Lanka Stock Exchange Colombo All-Share Index plunged as much as 6.7 percent, while the blue-chip index fell 5.2 …
Sri Lankan stocks fell and were set for another day of trading stoppage when the market opened for the first time in two weeks, during which the economic situation worsened. Within seconds after resuming trading, the Sri Lanka Stock Exchange Colombo All-Share Index plunged as much as 6.7 percent, while the blue-chip index fell 5.2 …
Mortgage lender HDFC Ltd has entered into a binding agreement to sell a 10 percent stake in HDFC Capital Advisors Ltd to a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) for Rs 184 crore. HDFC Capital is a wholly-owned subsidiary of HDFC and is in the business of managing private equity funds focused on the …
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