The South Korean won plunged to its weakest level in 15 years on Thursday, reflecting heightened economic and political risks. The currency was trading at 1,449.9 per dollar in early onshore trade, down 0.96% from the previous session. This marks the lowest level for the won since March 2009. The…
An internal email sent by the HR manager of an Indian startup, YesMadam, surfaced on LinkedIn, sparking widespread outrage over its content, which suggested that employees experiencing workplace stress had been laid off. The controversial email quickly propels the company—previously relatively unknown beyond metros—into the spotlight, albeit for all the…
The UK stock market, long overshadowed by its global peers, may finally be on the cusp of a significant revival in 2025. Despite achieving a modest 6% gain in 2024, the FTSE 100 has consistently lagged behind benchmarks like the Euro Stoxx 50 and the S&P 500. Yet, a combination…
European markets declined sharply on Thursday, tracking global losses after the US Federal Reserve signalled a slower pace of rate cuts in 2025 than previously anticipated. Concerns over tighter monetary conditions weighed on investor sentiment across major regional indices. The DAX 40 fell 0.8%, shedding 156 points to trade at…
The USD/NOK exchange rate jumped to its highest level since March 2020 as crude oil prices dropped and as the US dollar index surged. The pair was trading at 11.35 on Thursday morning as traders waited for the upcoming Norges interest rate decision. Federal Reserve decision The USD/NOK exchange rate…
The USD/SEK exchange rate held steady near its highest level in over a year after the Federal Reserve decision. It was trading at 11.10 as traders wait for the last interest rate decision by Riksbank, the world’s oldest central bank. It has risen by 12.5% from its lowest level this…
The iShares 20+ Year Treasury Bond ETF (TLT) slumped by almost 2% after the Federal Reserve delivered its last interest rate decision of the year. TLT slumped to a low of $89, its lowest level since November 18. It has crashed by over 11% from the year-to-date high, meaning that…
The South African rand has remained on edge as emerging market currencies slumped after the hawkish Federal Reserve interest rate decision. The USD/ZAR exchange rate rose to a high of 18.35, its highest level since in November. It has risen by 7.3% from its lowest point in October this year.…
Indian power generation major, Tata Power has had a quiet few months at the bourses. Tata Power’s share price has moderated by around 6% in the past six months. But, analysts at brokerage firm Sharekhan remain bullish on this Tata Group company. Tata Power share price prediction Analysts at the…
The iShares Russell 2000 ETF (IWM) crashed hard after the Federal Reserve delivered a highly hawkish interest rate decision. It slumped by over 3%, reaching a low of $218, its lowest level since November 5. It has dropped by almost 10% from the highest level this year, meaning that it…