India’s central bank has opted to maintain its benchmark interest rate at 6.50%, prioritizing inflation control while grappling with a slowing economy. The Reserve Bank of India’s (RBI) decision, announced on Friday, aligns with market expectations but underscores the delicate balancing act required to sustain growth in Asia’s third-largest economy.…
Chinese stocks surged to their highest level in two weeks on Friday, driven by growing hopes of fresh stimulus measures ahead of the Central Economic Work Conference next week. The CSI 300 Index, which tracks onshore stocks, rose as much as 1.9%, led by financial and technology shares. Meanwhile, a…
Gold prices rose in the Asian trade on Friday as investors waited for cues from the release of the US non-farm payrolls data later in the day. Geopolitical tensions also spurred safe-haven demand for gold, boosting prices. Gold prices on COMEX had dipped to a low of more than a…
David Sacks, a prominent venture capitalist and former PayPal executive, has been appointed as the “White House A.I. & Crypto Czar” by US President-elect Donald Trump. Known for his deregulatory stance, Sacks is expected to focus on providing regulatory clarity for digital assets while adopting a light-touch approach to AI…
The US labor market is poised for a significant rebound in November, following October’s storm-induced slowdown. Economists are optimistic about a sharp recovery, with consensus estimates pointing to a net gain of 207,500 jobs. The Bureau of Labor Statistics (BLS) will release its November jobs report at 8:30 a.m. ET…
The United Kingdom may face tough decisions on whether to retaliate against potential US tariffs under President-elect Donald Trump’s administration. Jonathan Reynolds, the UK’s business and trade minister, stated in an interview with the Financial Times that Britain would “think very carefully” before adopting retaliatory measures if Trump imposes fresh…
European markets opened on a mixed note on Friday as investors digested a blend of corporate news and economic data. London’s FTSE 100 slipped by 0.13%, losing over 11 points to 8,338, while Germany’s DAX mirrored the trend, shedding 0.13%. In contrast, France’s CAC 40 climbed 0.28%, and Spain’s IBEX…
Citigroup Inc (NYSE: C) is in focus this morning after American Airlines Group Inc (NASDAQ: AAL) picked it as its exclusive credit card partner. The multinational will replace London-based Barclays that has been the flagship airline’s sole credit card partner since 2017. American Airlines was in talks with Citi over…
Prosegur, a global leader in security solutions, has announced the launch of its inaugural Bitcoin bunker in Buenos Aires, Argentina. Prosegur Crypto’s strategic expansion into the Latin American crypto asset custody industry has reached a key milestone, as revealed in a detailed press release to Cointelegraph in Spanish. The newly…
QuantumScape Corp (NYSE: QS) opened about 14% up on Thursday after hitting a significant milestone. The advanced battery technology company has successfully developed and set up its next-generation heat treatment equipment – Cobra. Cobra is crucial for improving the efficiency and cost-effectiveness of producing advanced batteries. Despite today’s rally, QuantumScape…