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Gold prices hover near 1-month peak as Fed rate cut hopes lend support

The dollar held steady, while long-dated U.S. bond yields rose, as investors weighed whether the assassination attempt on Trump increased his chances of victory

Apple hits record high after Morgan Stanley calls stock 'top pick'

Apple's shares, which have jumped nearly 20 per cent this year, rose to $236.30, giving the company a market value of $3.62 trillion, the highest in the world

Lenders must hear loan defaulters before declaring accounts fraud: RBI

Banks will now have to issue a show-cause notice to fraudulent entities, with complete details of the fraud, the Reserve Bank of India said in a release

Goldman Sachs profit more than doubles in June quarter, beats expectations

The resilience of the U.S. economy has given corporate executives the confidence to pursue acquisitions, debt sales and stock offerings

India seeks to boost exports to Russia after PM Modi's Moscow trip

Surging Russian exports to India accounted for $61.43 billion of the $65.7 billion in trade between the two countries in the last fiscal year that ended in March

Pakistan clinches $7 bn IMF bailout agreement, to raise tax on farm income

The benchmark share index has almost doubled since Pakistan signed its last SLA for the $3 billion standby arrangement, and is up more than 10% since Pakistan presented its annual budget

Oil holds ground as dollar gains and Chinese demand concerns weigh

Oil market is also broadly underpinned by supply cuts from OPEC+ group of producers, as Iraq's oil ministry said at the weekend that it will compensate for overproduction since the beginning of 2024

OpenAI working on new reasoning tech under project code name 'Strawberry'

The project, details of which have not been previously reported, comes as the Microsoft-backed startup races to show that the types of models it offers are capable of delivering

Goldman Sachs appoints co-heads of investment banking business in India

The firm also announced that Sunil Khaitan has joined as head of financing in India. Reuters reported in April that Goldman hired Khaitan from Bank of America

Goldman Sachs targets $2 bn for first Asia-focused pvt equity fund

Only five China-focused private equity funds were raised in the first half this year, totalling $2.2 billion

Govt may cut borrowings by Rs 50-75K cr in FY25 Budget: Axis Bank treasurer

In the interim budget, the government announced a gross borrowing of Rs 14.13 trillion, with a fiscal deficit target of 5.1 per cent of the gross domestic product

ISA members negotiate deep sea mining code in Jamaica as opposition mounts

Supporters say deep sea mining will help boost supplies of raw materials like cobalt and nickel, which are needed for the global energy transition

China's economy grows slower than expected on weak demand, job insecurity

The government is aiming for economic growth of around 5.0% for 2024, a target that many analysts believe is ambitious and may require more stimulus

Nvidia investor dilemma: How much is too much in a stock portfolio?

Funds that owned Nvidia have so far reaped the benefits

What is China's 'third plenum'? Everything you need to know about it

The first, second and seventh plenums typically focus on the power transition between Central Committees

US Fed Chairman Powell opens key week of Fedspeak as rate cut case develops

The Fed meets July 30-31, but under the central bank's rules policymakers can't comment about monetary policy from this Saturday, July 20, until the Friday after the meeting

Back-to-school spending in US to remain muted in 2024, says Deloitte

Parents typically look for large discounts on sneakers, computers, clothing and backpacks ahead of the new school year

China's June new home prices fall at fastest pace in 9 years, shows data

New home prices were down 4.5 per cent from a year earlier, hitting the lowest since June 2015, deeper than a 3.9 per cent slide in May, according to Reuters calculations based on NBS data

Ind-Ra to monitor MTNL as interest payment default triggers govt guarantee

In July 2023, MTNL raised Rs 2,480 crore ($296.97 million) through 10-year government-guaranteed bonds at a semi-annual coupon of 7.59 per cent and the interest payment is due on July 20

Bond futures fall, dollar firm as markets grapple with US politics

A holiday in Japan made for thin trading conditions and the early action was confined to a modest rise in the dollar