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By Nikunj Ohri NEW DELHI (Reuters) -India’s retail inflation eased in November as soaring vegetable prices moderated, boosting expectations of an interest rate cut by the central bank at its next policy review amid concerns around slowing growth. Retail inflation eased in November to 5.48%,…
By Nidhi Verma NEW DELHI/MOSCOW (Reuters) -Russia’s state oil firm Rosneft has agreed to supply nearly 500,000 barrels per day (bpd) of crude to Indian private refiner Reliance in the biggest ever energy deal between the two countries, three sources familiar with the deal said. The 10-year agreement amounts to…
Oil prices increase for a fourth straight day this week. The EIA report on Wednesday revealed Cushing Crude Supply fell to a seven-year low. The US Dollar Index trades lower as the focus shifts to the European Central Bank interest-rate decision. Crude Oil trades higher for a fourth consecutive day…
In 2024, Bitcoin (BTC) recorded triple-digit gains and even breached the long-awaited milestone price of $100,000 in early December. Despite BTC’s significant rise throughout the year, Finbold research found that the semiconductor giant Nvidia (NASDAQ: NVDA) delivered even higher returns than Bitcoin. An investment in Bitcoin made at the start…
NEW DELHI (Reuters) – India’s industrial output rose 3.5% year-on-year in October, government data showed on Thursday. Economists polled by Reuters had expected a growth of 3.5%. Manufacturing output rose 4.1% year-on-year in October, electricity generation grew 2% and mining activity was up 0.9%, the data showed. The sectors had…
BEIJING (Reuters) – The CEO of China’s Ji Yue Auto was surrounded by people demanding to know how they would be paid, videos posted online on Thursday showed, a day after the EV maker said it would streamline operations to cope with fierce market competition. The Baidu Inc (NASDAQ:) and…
Investing.com– U.S. stock index futures fell slightly Thursday as Wall Street cooled…
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Investing.com — Shares of Scor (EPA:) SE fell over 2% on Tuesday…
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The New York Red Bulls and Sports Illustrated Tickets have agreed to…
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By John Kruzel and Andrew Chung WASHINGTON (Reuters) – Republican Donald Trump’s return to the presidency is expected to precipitate a shift in the U.S. government’s legal stance in major cases pending at the Supreme Court, including a closely watched dispute involving Tennessee’s ban on gender-affirming medical care for transgender minors. After Trump succeeds Democrat Joe Biden on Jan. 20, other big cases in which the new administration could change positions include ones involving the largely untraceable firearms called “ghost guns,” nuclear waste storage, flavored vape products and securities fraud, according to legal experts. Trump on Wednesday tapped Republican congressman…
By Gram Slattery, Andrew Goudsward, Patricia Zengerle and Sarah N. Lynch (Reuters) – U.S. President-elect Donald Trump chose loyalists with little experience for several key cabinet positions on Wednesday, stunning…
By Andrew Goudsward and Sarah N. Lynch WASHINGTON (Reuters) -President-elect Donald Trump on Wednesday named incendiary Republican U.S. Representative Matt Gaetz to be his nominee for attorney general, selecting an…
By Michael Martina WASHINGTON (Reuters) – With his nomination of China hardliner Marco Rubio for secretary of state, U.S. President-elect Donald Trump has signaled his policy toward Beijing could go…
Markets
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By Lisa Barrington SEOUL (Reuters) -South Korea will support smaller airlines and monitor market competitiveness after dominant carrier Korean Air…
Finance
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Krispy Kreme said in an SEC filing that it’s navigating a cybersecurity incident.The company is experiencing operational disruptions, including with online orders in the US.Krispy Kreme…
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By John Revill BERN (Reuters) -The Swiss National Bank cut its interest…
Investing
The Federal Reserve cut interest rates by an “historic” 50 basis points. Then, interest rates soared. Wait. What? The Federal Funds Rate is a target (technically a target range) that influences short-term rates in the economy. Money market funds, for example, pay interest based on this benchmark. They pay 0.5%…
Economy
BANGKOK (Reuters) – Thai consumer confidence rose for a second consecutive month…
Fintech
The billionaire Jared Isaacman said his Polaris missions with SpaceX are “a…
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