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Bitcoin surpasses $45,000 for 1st time in 2 yrs on ETF approval hope

Bitcoin has risen over 20 per cent since the start of December as a Jan. 10 deadline for the US Securities and Exchange Commission to give its blessing for a spot ETF Bitcoin draws closer.

Bitcoin surpasses $45,000 for 1st time in 2 yrs on ETF approval hope
Updated On : 02 Jan 2024 | 7:48 PM IST

Rally in tech stocks in India faces earnings test as growth worries linger

While the rally was initially driven by a global rebound in tech stocks, the Federal Reserve's dovish pivot at the December policy meeting turbocharged the run

Rally in tech stocks in India faces earnings test as growth worries linger
Updated On : 02 Jan 2024 | 1:32 PM IST

Russian crude oil cargoes head away from India amid payment issues

"China seems to have stepped in to save the idling Sokol cargoes," said Viktor Katona, lead crude analyst at data intelligence provider Kpler

Russian crude oil cargoes head away from India amid payment issues
Updated On : 02 Jan 2024 | 12:36 PM IST

China's factory activity picks up in contrast with govt data, shows survey

The Caixin manufacturing purchasing managers index rose to 50.8 last month from 50.7 in November, the strongest reading since August and above the estimate in a Bloomberg survey of economists.

China's factory activity picks up in contrast with govt data, shows survey
Updated On : 02 Jan 2024 | 10:32 AM IST

Value of Elon Musk's X cut by another fidelity writedown, shows report

Fidelity cut by a further 11 per cent the value of its holding in X as of the end of November, the report said, citing the latest portfolio update for its Blue Chip Growth Fund

Value of Elon Musk's X cut by another fidelity writedown, shows report
Updated On : 02 Jan 2024 | 10:18 AM IST

20 dead, scores injured in Japan after major earthquake topples buildings

Japanese Prime Minister Fumio Kishida said the quake caused widespread damage and he had set up a task force to help in rescue and repair operations

20 dead, scores injured in Japan after major earthquake topples buildings
Updated On : 02 Jan 2024 | 9:33 AM IST

The four fortunes riding on PM Modi's victory in Lok Sabha elections

Naturally, the biggest danger of allowing a handful of business groups to aggressively branch into new areas and extend their control over large swathes of economy is extreme concentration of power

The four fortunes riding on PM Modi's victory in Lok Sabha elections
Updated On : 02 Jan 2024 | 9:05 AM IST

Vedanta Resources faces investor reckoning over $3.2 billion of bonds

Vedanta needs a green light from at least two-thirds of the bondholders in each of the three securities to proceed with the plan. A holder meeting will be held on Jan. 4

Vedanta Resources faces investor reckoning over $3.2 billion of bonds
Updated On : 02 Jan 2024 | 7:59 AM IST

Ready for peace in Ukraine but only on Russia's terms, says Putin

"We also want to end the conflict, and as soon as possible" - but "only on our terms," Putin said. The Russian leader didn't specify what conditions must be met for peace

Ready for peace in Ukraine but only on Russia's terms, says Putin
Updated On : 02 Jan 2024 | 12:31 AM IST

Saudi fund outpaces Singapore's GIC with $31.6 billion splurge: Global SWF

That was higher than the $20.7 bn it invested the previous year, an increase that contrasts with a wider trend - globally state-owned investors deployed $124.7 bn, about a fifth less than prior year

Saudi fund outpaces Singapore's GIC with $31.6 billion splurge: Global SWF
Updated On : 01 Jan 2024 | 10:59 PM IST

Saudi Arabia's fund outpaces Singapore's GIC with $31.6 billion splurge

Overall, sovereign wealth funds controlled by the hydrocarbon-rich governments of Abu Dhabi, Saudi Arabia and Qatar took five spots on a list of the top 10 most active funds last year

Saudi Arabia's fund outpaces Singapore's GIC with $31.6 billion splurge
Updated On : 01 Jan 2024 | 10:56 PM IST

Israel delivers first interest rate cut since pandemic as war rages

The monetary committee on Monday lowered its key rate to 4.5% from 4.75%, ending a pause in place since July

Israel delivers first interest rate cut since pandemic as war rages
Updated On : 01 Jan 2024 | 10:39 PM IST

Crude oil imports from Russia plunge in December on payment issues

After rising to an all time record of 2.15 million barrels a day in May, oil imports from Russia fluctuated downwards, experiencing a sharp decline between November and December

Crude oil imports from Russia plunge in December on payment issues
Updated On : 01 Jan 2024 | 3:46 PM IST

S Korea exports accelerate as shipments to US overtake China for first time

China remains South Korea's biggest trading partner by a large margin given the scale of Seoul's imports from the world's second-largest economy

S Korea exports accelerate as shipments to US overtake China for first time
Updated On : 01 Jan 2024 | 10:34 AM IST

China home sales fall again as policy shifts fail to stem decline

China's prolonged housing downturn has weakened the economy and hurt developers that are struggling to repay debts and complete projects

China home sales fall again as policy shifts fail to stem decline
Updated On : 31 Dec 2023 | 10:26 PM IST

US jobs numbers to show payrolls increase by 170k, eases pay growth

The median forecast in a Bloomberg survey of economists also calls for a 3.9% increase in average hourly earnings from a year earlier, the smallest annual gain since mid-2021

US jobs numbers to show payrolls increase by 170k, eases pay growth
Updated On : 31 Dec 2023 | 1:22 PM IST

China's factory activity contracts more than expected for 3 months in a row

The official manufacturing purchasing managers index declined to 49 in December, from 49.4 in November, the National Bureau of Statistics said in a statement on Sunday

China's factory activity contracts more than expected for 3 months in a row
Updated On : 31 Dec 2023 | 9:54 AM IST

China abruptly ousts nine military lawmakers as defense purge widens

The nation's top legislative body revoked the lawmakers' membership during a Friday meeting, the official Xinhua News Agency reported

China abruptly ousts nine military lawmakers as defense purge widens
Updated On : 30 Dec 2023 | 10:27 AM IST

Billionaire Gustavo Cisneros, who defined Venezuela business, dies at 78

His death was confirmed by the Cisneros Group, without providing additional details

Billionaire Gustavo Cisneros, who defined Venezuela business, dies at 78
Updated On : 30 Dec 2023 | 9:06 AM IST

'Everyone got burned': Wall Street missed great stock rally of 2023

Blended together, these three calls - sell US stocks, buy Treasuries, buy Chinese stocks - formed the consensus view on Wall Street

'Everyone got burned': Wall Street missed great stock rally of 2023
Updated On : 30 Dec 2023 | 12:09 AM IST