Indian companies are accelerating their global expansion through overseas direct investment (ODI), with remittances reaching a record $36 billion in the first 11 months of FY25. This marks a 40% increase from the $25.2 billion outflow during the same period in FY24, and significantly higher than the $24.8 billion recorded…
The Indian government believes robust domestic steel demand will counterbalance the impact of the European Union’s stricter steel import quotas, set to begin in April, according to a Reuters report.The European Commission announced on Tuesday that it plans to implement stricter import restrictions on steel starting next month. This move is…
UK retailers are bracing for a combined £5 billion rise in operating costs this year as government-led increases to employer national insurance and the national living wage come into effect from April. This is ahead of UK Finance Minister Rachel Reeves’ Spring Statement, scheduled for 12:30 p.m. London time on…
It seems as if the oil market can’t catch a break from tariffs and increasing uncertainty about global supply. The recent announcement by the US President Donald Trump to impose 25% tariffs on countries buying oil and gas from Venezuela has already shaken up the crude market. Market participants are concerned about…
The Kremlin said on Wednesday that the reinstatement of the Black Sea grain deal, brokered by the United Nations and Turkey, is contingent upon the fulfillment of several conditions. This statement alludes to a previous agreement where Russia’s concerns were purportedly disregarded, Reuters reported. Kremlin’s conditions for deal revivalThe deal, which allowed…
Donald Trump, long before entering the White House, was a brand—a gilded persona cultivated through television appearances, extravagant properties, and a vast array of products bearing his name. Now, that brand has expanded into a media empire and cryptocurrency ventures, adding billions to Trump’s estimated net worth and drawing renewed…
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced the launch of Equity Trailing Stop, a sophisticated new tool designed to provide traders with enhanced control over risk management and profit protection. This innovative feature empowers users to automate their exit strategies, enabling more disciplined trading and mitigating…
KULR Technology Group has strengthened its Bitcoin holdings with the acquisition of an additional 58.3 BTC for approximately $5 million.According to an 8-K filing with the Securities and Exchange Commission, the purchase was made at an average price of $88,824 per Bitcoin, inclusive of fees and expenses.The latest acquisition brings…
Brazilian sanitation giant Copasa reported a 23.5% year-on-year decline in net profit for the fourth quarter of 2024, posting R$271.9 million. The weak earnings triggered a sharp negative reaction in the market, with Copasa’s stock plunging 7.30% to R$21.71 on Tuesday morning, according to InfoMoney.Mixed reception from analystsBrandesco BBI reported…
Venezuelan oil exports to China faced disruption on Tuesday after US President Donald Trump announced a 25% tariff on countries importing Venezuelan crude, effective April 2. The move deepens market uncertainty, especially following recent U.S. restrictions on Iranian oil shipments to China.As part of broader sanctions on Venezuela, the Office…