Russia’s central bank lowered interest rates for the first time in nearly three years on Friday, as inflation shows signs of easing and the country’s wartime economy struggles under the burden of high borrowing costs.The Bank of Russia cut its benchmark interest rate by a full percentage point to 20%,…
The Nifty 50 Index surged on Friday after the Reserve Bank of India (RBI) delivered a bigger interest rate cut than expected and tweaked a cash requirement for banks in a bid to stimulate the economy. The blue-chip index, which tracks the biggest Indian companies, rose to ₹24,940, up by…
Circle Internet stock price surged on its first trading day as a publicly traded company. CIRCL shares jumped to a high of $83, transforming it into a $18 billion company and one of the best initial public offerings (IPO) this year. This article explores whether Circle stock is a good…
European stock markets exhibited a muted and cautious start to Friday’s trading session, with the pan-European Stoxx 600 index hovering near flat territory. Investors appeared reluctant to place significant bets ahead of the release of crucial US jobs data, while persistent trade tensions and a high-profile spat between US President…
The public unravelling of the alliance between Donald Trump and Elon Musk — once seen as one of the most powerful relationships in American business and politics — has rapidly turned into a high-stakes standoff with far-reaching consequences.In a dramatic turn Thursday, Trump threatened to cancel federal contracts with Musk’s…
Could the very public clash between US President Donald Trump and Tesla CEO Elon Musk already be heading toward a truce?On Thursday, Musk indicated he was ready to cool tensions with Trump, following a volatile day in which he called for the president’s impeachment and implied Trump was hiding files…
XRP is hovering at a critical price point after falling 2.51% to $2.14, reflecting growing unease across the crypto market. The drop comes amid a steep market-wide pullback on June 6 that erased nearly 5% from the total capitalisation of digital assets.Source: CoinMarketCap Fuelled by an escalating political standoff between…
China’s export growth is anticipated to have moderated in May, even as a temporary reduction in US tariffs on Chinese goods offered some respite. Persistent uncertainties stemming from the still-unresolved trade war with the United States and broader concerns about Sino-US relations are believed to have weighed on shipment volumes,…
The FTSE 100 Index has been in a strong bull run this year and is now hovering near its all-time high of £8,900. It has jumped by over 16% from its lowest point in April when global stocks plunged because of Donald Trump’s tariffs. This article highlights some of the…
Asian equity markets closed mixed on Friday in a subdued trading session, with investors weighing the latest developments in US-China relations and bracing for key economic data from the US later in the day.A phone call between US President Donald Trump and Chinese President Xi Jinping helped ease some concerns…