Orsted, a Danish wind farm developer, saw its stock decline sharply on Monday after requesting 60 billion crowns ($9.4 billion) from shareholders. This move aims to strengthen its finances amidst US President Donald Trump’s opposition to wind power.The offshore wind industry, already grappling with increased costs due to high inflation and…
Dow futures edged up over 100 points early Monday, hinting at a steady start after last week’s tech-driven rally. Traders are bracing for a packed few days of economic reports, with inflation numbers at the top of the list. Tariff headlines and the drumbeat of Fed rate-cut chatter are still…
Nvidia Corp and Advanced Micro Devices Inc (AMD) have agreed to pay 15% of revenues from their Chinese artificial intelligence chip sales to the US government in exchange for export licenses, as per an FT report.The arrangement covers Nvidia’s H20 AI accelerator and AMD’s MI308 chip.The revenue-sharing deal is an…
Shares of State Bank of India (SBI) gained more than 2.2% during early trading on Monday after the country’s largest lender reported better-than-expected June quarter earnings. The stock opened at Rs 817.30 following the announcement of a 12% year-on-year increase in standalone net profit to Rs 19,160 crore in Q1FY26,…
Gold prices fell more than 1% on Monday on easing safe-haven appeal for the precious metal. “The sharp intraday fall is sponsored by a positive risk tone, which tends to undermine demand for the traditional safe-haven bullion,” Haresh Menghani, editor at FXstreet, said in a report. Menghani added that investors have been…
Shares in Orsted sank more than 27% on Monday, nearing an all-time low, after the Danish renewable-energy group scrapped plans to sell a stake in a key US offshore wind project and announced a $9.4 billion rights issue to shore up its finances.The state-backed company said it would raise gross…
JPMorgan has made a sharp turn in its Fed forecast, now expecting multiple interest rate cuts starting as soon as September 2025. The bank’s economists see as many as four quarter-point cuts rolling out over the coming months, far more aggressive than their earlier call for just one cut later…
Saudi Arabia, the world’s largest crude oil exporter, is poised to reduce its crude oil exports to China in September. This expected decline follows a surge in August, where exports reached a more than two-year high. The primary driver for this impending reduction is Saudi Arabia’s decision to increase the official selling…
Orsted, a Danish wind farm developer, saw its stock decline sharply on Monday after requesting 60 billion crowns ($9.4 billion) from shareholders. This move aims to strengthen its finances amidst US President Donald Trump’s opposition to wind power.The offshore wind industry, already grappling with increased costs due to high inflation and…
According to a Reuters report, India’s largest consumer market is witnessing a surge in calls to shun US brands after Washington imposed a 50% tariff on Indian goods.The move by US President Donald Trump has fuelled protests, both online and on the streets, led by business executives, nationalist groups, and…