Exit poll projections of big wins by Modi’s alliance sent stock markets surging a day before votes were counted. Opposition Indian National Congress leader Rahul Gandhi has demanded a parliamentary investigation into sharp stock market moves towards the end of the just-ended national elections, alleging that Prime Minister Narendra Modi…
After keeping rates at a more than two-decade high of five percent, the BoC said indicators for underlying inflation improved. The Bank of Canada has trimmed its key policy rate by 25 basis points to 4.75 percent, in a widely expected move that marked its first cut in four years,…
India’s stock market took its worst tumble in four years after Indian Prime Minister Narendra Modi’s Bharatiya Janata Party (BJP) lost its parliamentary majority. The shock outcome of Tuesday’s election count means Modi will need to rely on smaller parties to form a governing majority in the 543-member Lok Sabha,…
Indian stocks have suffered their worst intraday fall since March 2020 and foreign investors sold the most on record, as vote-counting trends in the general election suggested Prime Minister Narendra Modi’s alliance was unlikely to win the overwhelming majority predicted by exit polls. With over half the votes counted on…
Keith Gill, or ‘Roaring Kitty’, shared a screenshot on Reddit that showed he may hold five million shares of GameStop. Shares of GameStop soared once again following speculation that the man at the centre of the pandemic meme stock craze owns a large number of shares of the video game…
Shares fall as much as 15 percent after former president is found guilty on all 34 counts. Shares of Trump Media & Technology Group, Donald Trump’s social media company, have plunged following the former US president’s historic conviction in his hush-money trial. The company’s stock, which trades under the ticker…
The trade war between the United States and China continued this week with its latest salvo – a move that comes amid a heated race for the White House. On Tuesday, US President Joe Biden announced tariff hikes on imports of various Chinese goods, worth $18bn. Lithium-ion batteries make up…
President Joe Biden has slapped major new tariffs on Chinese electric vehicles, advanced batteries, solar cells, steel, aluminium and medical equipment, taking potshots at Donald Trump along the way as he embraced a strategy that’s increasing friction between the world’s two largest economies. The Democratic president said on Tuesday that…
Changpeng Zhao, the former chief executive of Binance, was sentenced on Tuesday to four months in prison after pleading guilty to violating US money-laundering laws at the world’s largest cryptocurrency exchange. The sentence was imposed by United States District Judge Richard Jones in Seattle, who rejected prosecutors’ request that the 47-year-old Zhao serve a…
The weakness of the Japanese yen is in the spotlight again after its latest tumble in value. On Monday, the currency sank to 160.17 against the US dollar, its lowest since April 1990. The yen recovered to 155.01 per dollar later in the day, prompting speculation that Japanese authorities had…
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