The Reserve Bank of India (RBI) has conducted more than $2 billion in dollar/rupee FX swaps over the last two days to offset the liquidity drain caused by spot dollar sales, according to a Reuters report. The transactions suggest the central bank is aiming to contain currency pressures while avoiding…
China pushed back against US President Donald Trump’s criticism of its wind power record at the World Economic Forum in Davos, Switzerland, reiterating its commitment to advancing the global shift toward low-carbon energy.Guo Jiakun, a spokesperson for the Chinese foreign ministry, said at a regular press conference on Thursday that…
Wall Street staged a sharp midday rebound on Wednesday as President Donald Trump told the World Economic Forum he would not use military force to acquire Greenland.The remarks eased the most acute worry roiling markets since his tariff threats sparked the week’s heaviest selloff on Tuesday.The Dow Jones Industrial Average…
US President Donald Trump announced Wednesday that after talks with NATO Secretary-General Mark Rutte, the US and NATO have agreed to form a framework for Arctic cooperation centered on Greenland.In a Truth Social post on Wednesday, Trump mentioned that he will pause the 10% tariffs scheduled to take effect on…
PAVmed Inc (NASDAQ: PAVM) shares more than quadrupled on Wednesday after the company’s subsidiary – Lucid Diagnostics – secured a major contract from the US government.According to PAVM’s press release, the US Department of Veterans Affairs (VA) has joined forces with Lucid to widen access to its EsoGuard Esophageal DNA…
The Senate’s push to set new rules for digital assets has hit a pause, with lawmakers redirecting attention to housing policy and Coinbase withdrawing its backing for the legislation.According to reports by Bloomberg and CoinDesk, the Senate Banking Committee will not return to the crypto bill immediately after postponing a…
Global markets steadied on Thursday as investors reacted to a sharp easing of geopolitical tensions after US President Donald Trump backed away from tariff threats and ruled out the use of force to seize Greenland. The shift in tone lifted equities, pressured safe-haven assets such as gold, and supported the…
Goldman Sachs has revised its year-end 2026 gold price projection upwards, increasing the forecast to $5,400 per ounce from the previous $4,900/oz. This adjustment is attributed to the ongoing trend of private-sector and emerging market central banks diversifying their reserves into gold.Gold prices on COMEX had hit a fresh record high…
Eternal (ETEA.NS) shares rose on Thursday after its quick-commerce arm Blinkit broke even, a milestone that boosted investor confidence in the company’s ability to hold firm in India’s fast-growing rapid delivery market. The stock jumped as much as 8% during the session, but lost most of the gains and was…
BitGo is poised to become the first cryptocurrency company to list in the United States this year after pricing its initial public offering above expectations, in a milestone debut for the digital asset industry amid ongoing regulatory and market uncertainty.The Palo Alto-based firm, one of the largest crypto custody providers…