The main Nifty index formed a long pin bar with a higher upper shadow on the daily charts today, which was broadly negative. Now it needs to hold above 18,281 zones, for a rebound towards 18,400 and 18,442 zones while downside supports exist at 18,181 and 18,081 zones, Motilal Oswal’s Chandan Taparia said. India’s VIX […]
UK bond markets sold off on Wednesday and traders expected further interest rate hikes after inflation fell far less than the Bank of England had expected. The Office for National Statistics said consumer price inflation fell to 8.7% in April, from 10.1% in March, but well below the BoE’s forecast of 8.4%. Government borrowing costs […]
London-based technology provider Monty Finance, the fintech arm of Monty Holding, has announced ambitious expansion and growth plans at the Seamless Middle East exhibition to be held at the Dubai World Trade Centre. Monty Finance aims to expand its customer base and take advantage of the integrated finance industry, focusing on Banking as a Service […]
Text size ***ONE TIME USE*** The Microsoft-backed ChatGPT logo displayed on a smartphone in Washington, DC on March 15, 2023. Olivier Douliery/AFP/Getty Images The rush for artificial intelligence, the newest novelty in the market, has left dividend-paying stocks looking heavy and unloved. They also become good business. The promise of AI and its ability to […]
So far, China has not acted aggressively towards shipping in the South China Sea, but the very potential for action creates a clear threat to the economies of Japan and South Korea. Kazuhiro Nogi | AFP | Getty Images The following comment is from Kevin Klowden, chief global strategist of the Milken Institute. Media coverage […]
Bernard Arnault, the world’s richest person, lost $11.2 billion of his fortune in one day amid fears a slowing US economy could dampen demand for luxury goods. The LVMH founder – whose offerings include Louis Vuitton handbags, Moët & Chandon champagne and Christian Dior dresses – had seen his wealth swell through most of 2023 […]
JPMorgan Chase on Tuesday defended itself against a lawsuit filed by the U.S. Virgin Islands accusing it of empowering Jeffrey Epstein to abuse teenage girls by arguing in court papers that it was the islands, not the bank, that enabled the financial to commit his crimes. Lawyers for the bank said in the Manhattan federal […]
The White House and Republicans in Congress struggled to make meaningful progress toward a deal to raise the U.S. borrowing limit on Tuesday, leaving the economy and financial markets in a dangerous vacuum just further afield. one week before a possible payment default. President Joe Biden and Kevin McCarthy, the Republican House Speaker, met Monday […]
Muse Finance – a provider of working capital for businesses – today announces the appointment of Julie Ashmore as COO, to help it achieve its ambition of reaching 30,000 customers and delivering £1.5bn sterling in SME financing over the next three years. With over three decades of fintech experience, Julie was previously CEO of NatWest […]
NEW YORK (AP) — Target is removing some items from its stores and making other changes to its LGBTQ merchandise nationwide ahead of Pride Month, after an intense backlash from some customers, including violent confrontations with his employees. “Since introducing this year’s collection, we have experienced threats affecting our team members’ sense of safety and […]