Hit by fears of a deeper trade war and its economic fallout, as well as a potential US government shutdown by the weekend, major Wall Street indices- the S&P 500 and the Nasdaq- crashed up to 2 per cent on Thursday, March 13. Optimism over cooler-than-expected US Consumer Price Index (CPI) data, which lifted the...
Crude oil futures traded higher on Wednesday morning after US EIA’s (Energy Information Administration) monthly report forecasted a decline in global inventories during the first half of 2025. At 9.56 am on Wednesday, May Brent oil futures were at $70.08, up by 0.75 per cent, and April crude oil futures on WTI (West Texas Intermediate)...
Asian stock markets bounced back from earlier losses following the steep declines seen in the three main US indexes, which were influenced by President Donald Trump’s tariff proposals. In another development indicating an escalation in the trade conflict, Trump threatened to impose 200% tariffs on all alcoholic beverages imported from the European Union in response...
Finance Ministry has notified Zero Coupon Bond (ZCB) for Power Finance Corporation. The company can raise up to ₹10,000 crore. ZCB is an instrument that doesn’t pay interest during its term, but instead is sold at a discount to its face value. When the bond matures, the investor receives the full-face value. There will be no...
Tether Holdings SA CEO Paolo Adroino who was the United States on a “goodwill tour” attending US President Donald Trump’s digital asset summit last week, has claimed the US Dollar-linked stable coin is now valued at $137 billion, according to a Bloomberg report. Tether also claims the title of “most-traded crypto” and in 2024 alone,...