The Indian rupee opened at an all-time low on December 3, slipping past the 90-per-dollar threshold as persistent foreign portfolio investor (FPI) outflows and stalled trade talks with the US intensified pressure on the currency. The drop came despite a softer dollar index, underlining the severity of domestic capital flow…
J Sainsbury shares fell sharply on Wednesday after its biggest shareholder, Qatar’s sovereign wealth fund, moved to reduce its long-standing holding in the UK supermarket. The stock was the worst performer on the FTSE 100 in early trading, down 14.40 pence, or 4.4%, at 311.60 pence. Despite the drop, shares…
India’s steel mills significantly increased their overseas iron ore purchases this year, driving imports to a six-year peak. This surge was motivated by the need to compensate for domestic shortages of high-grade ore and capitalise on the more favorable global prices for the key steelmaking raw material, according to a Reuters…
Amazon.com Inc (NASDAQ: AMZN) is in focus this morning after the tech titan unveiled its next-gen AI accelerator – Trainium3 – that may challenge Nvidia’s (NASDAQ: NVDA) dominance in high-performance computing.With promise of lower costs, massive scalability, and seamless integration into AWS infrastructure, Trainium3 could reshape the economics of training…
In a busy day for global political and economic developments, US electoral shifts, a rebound in Asian markets, mixed Australian growth data, and a major semiconductor acquisition offer a broad snapshot of the forces shaping investor sentiment. Here is a roundup of the key events unfolded on Wednesday morning. Republicans…
Tight supplies have been fuelling the massive surge in silver prices, which has seen the metal rise more than 10% since last Friday. On Wednesday, silver prices on COMEX hit a fresh record high of $59.645 per ounce, as the metal has climbed 100% since the beginning of this year. A silver…
Australia’s under 16 social media ban will take effect on 10 December, triggering one of the most sweeping platform changes the country has ever introduced. YouTube is now preparing for this shift even though it had earlier rejected being included in the crackdown and was widely discussed in speculation about…
The Indian rupee opened at an all-time low on December 3, slipping past the 90-per-dollar threshold as persistent foreign portfolio investor (FPI) outflows and stalled trade talks with the US intensified pressure on the currency. The drop came despite a softer dollar index, underlining the severity of domestic capital flow…
J Sainsbury shares fell sharply on Wednesday after its biggest shareholder, Qatar’s sovereign wealth fund, moved to reduce its long-standing holding in the UK supermarket. The stock was the worst performer on the FTSE 100 in early trading, down 14.40 pence, or 4.4%, at 311.60 pence. Despite the drop, shares…
Strategy (previously known as Microstrategy), the world’s largest publicly traded corporate holder of bitcoin, is confronting a pivotal moment as index provider MSCI reviews whether to remove the company from its major equity benchmarks. Chairman Michael Saylor confirmed to Reuters on Wednesday that the firm is actively engaging with MSCI…