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Aussie is worst performing currency after RBA rate cut
Aussie is worst performing currency after RBA rate cut
May 25, 2025
The Australian dollar tumbled on Tuesday against a basket of major rivals, resuming losses against the US counterpart after a short hiatus and becoming the worst performing G8 currency after the RBAs rate cut. The Reserve Bank of Australia voted to cut interest rates by 25 basis points to 3.85%, the lowest since May 2023, as inflation cooled. The Price...
Aussie hits one-week high after strong wages data
Aussie hits one-week high after strong wages data
May 25, 2025
The Australian dollar rose in Asian trade on Wednesday against a basket of major rivals, expanding gains for the second straight session against the US dollar and hitting a week high, while approaching five-week highs following strong Australian wages data. The data renewed inflationary pressures on the Reserve Bank of Australias policymakers, which hurt the odds of a rate cut...
Aussie falls and shrugs off strong employment data
Aussie falls and shrugs off strong employment data
May 25, 2025
The Australian dollar fell against most major rivals on Thursday despite strong labor data. Australia's unemployment rate was unchanged in April at 4.1%, same as March, and matching expectations. The Australian economy added 89.0 thousand new jobs in April, easily beating estimates of a 20.9 thousand addition, while March's reading was revised to show the addition of 32.2 thousand jobs...
Aussie drops after wages data
Aussie drops after wages data
May 25, 2025
The Australian dollar fell against most major rivals on Wednesday following labor data. Australian wages rose 0.9% in the first quarter of the year, above estimates of 0.8%. On trading, the AUD/USD pair rose 0.7% as of 20:56 GMT to 0.6428. Loonie The Canadian dollar fell 0.3% against the greenback as of 20:56 GMT to $0.7155. The US Dollar The...
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Maharashtra floor test highlights: Decision to reduce VAT on fuel soon, announces Eknath Shinde; Ajit Pawar named Leader of Opposition
Maharashtra floor test highlights: Decision to reduce VAT on fuel soon, announces Eknath Shinde; Ajit Pawar named Leader of Opposition
Jul 3, 2022
Maharashtra politics live updates: The Eknath Shinde-Bharatiya Janata Party government won the floor test today during the special two-day session of the Maharashtra Legislative Assembly. On Sunday, BJP MLA Rahul Narvekar was elected as the Speaker of the Maharashtra Assembly. Narvekar has rejected the appointment of Sena MLA Ajay Chaudhary as the group leader of the legislative unit of the party and has reinstated Shinde as Shiv Sena legislature party leader. The development comes as a major setback to the Thackeray faction comprising 16 MLAs who will be bound by the whip to be issued by Bharat Gogawale for the trust vote. If these 16 MLAs refuse to follow the whip, they face disqualification. Reacting to the development, Shiv Sena chief MP Arvind Sawant said his party will challenge this "unconstitutional" decision in court. Shinde has the support of 10 legislators of smaller parties and independents and 106 MLAs of the BJP in the 288-member House. Following is the party position in the Assembly: Shiv Sena 55, NCP 53, Congress 44, BJP 106, Bahujan Vikas Aghadi 3, Samajwadi Party 2, AIMIM 2, Prahar Janshakti Party 2, MNS 1, CPI (M) 1, PWP 1, Swambhimani Paksha 1, Rashtriya Samaj Paksha 1, Jansurajya Shakti Party 1, Krantikari Shetkari Party 1, and Independents 13. There is a vacancy due to the death of Shiv Sena MLA Ramesh Latke in May. Two NCP members - Deputy Chief Minister Ajit Pawar and Food and Civil Supplies Minister Chhagan Bhujbal - have tested COVID-19 positive, while two other party legislators - Anil Deshmukh and Nawab Malik - are currently in jail.
Fresh nominations for Presidential election 2022 filed; updated list
Fresh nominations for Presidential election 2022 filed; updated list
Jun 17, 2022
The Election Commission will scrutinise papers on June 30 and the voting is scheduled to take place on July 18. The result of the Presidential election will be declared on July 21 before President Ram Nath Kovind’s term ends on July 24.
Maharashtra political crisis highlights: Eknath Shinde CM, speaker election on Saturday
Maharashtra political crisis highlights: Eknath Shinde CM, speaker election on Saturday
Jun 29, 2022
Maharashtra political crisis highlights: Eknath Shinde was sworn in as the 20th Chief Minister of Maharashtra on Thursday at Raj Bhavan in Mumbai. Former CM Devendra Fadnavis took the oath as the Shinde's deputy. Shinde, who was camping in Guwahati with rebel Shiv Sena MLAs, returned to Mumbai on from Goa on Thursday afternoon, following which he and Fadnavis met the Governor Bhagat Singh Koshyari to stake claim to form the government. Later in the day Fadnavis announced that Shinde would be sworn in as the new chief minister today. Fadnavis had said he didn't want to be a part of the government. However, BJP's national president JP Nadda later said that that the party's leadership thought it was important for Fadnavis to be a part of the cabinet. On Wednesday, Uddhav Thackeray resigned as the Maharashtra chief minister, just after the Supreme Court refused to stay the Governor's directive to his government to take a floor test in the Assembly. Thackeray's resignation capped a week-long drama of resort politics, where rebel Shiv Sena MLAs led by minister Eknath Shinde camped in luxury hotels and hopped on chartered jets from Mumbai to Surat and Guwahati, before landing in Goa on Wednesday night.
Key political developments in Maharashtra with Eknath Shinde-Devendra Fadnavis government
Key political developments in Maharashtra with Eknath Shinde-Devendra Fadnavis government
Jul 1, 2022
From the Uddhav camp moving Supreme Court seeking disqualification of new CM Eknath Shinde and 15 MLAs to the new government overturning the previous MVA regime's order, the political crisis in Maharashtra continues.
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Infosys' Fiscal Q2 Earnings, Revenue Rise
Infosys' Fiscal Q2 Earnings, Revenue Rise
Oct 17, 2024
07:01 AM EDT, 10/17/2024 (MT Newswires) -- Infosys ( INFY ) reported fiscal Q2 earnings Thursday of $0.19 per diluted share, up from $0.18 a year earlier. Analysts polled by Capital IQ expected $0.19. Revenue for the quarter ended Sept. 30 was $4.89 billion, up from $4.72 billion a year earlier. Analysts surveyed by Capital IQ expected $4.86 billion. The...
Springview Prices IPO of 1.5 Million Shares at $4 per Share
Springview Prices IPO of 1.5 Million Shares at $4 per Share
Oct 17, 2024
07:02 AM EDT, 10/17/2024 (MT Newswires) -- Springview said late Wednesday that it priced its initial public offering of 1.5 million Class A ordinary shares at $4.00 per share. The shares are set to list on Nasdaq under the ticker SPHL and begin trading on Thursday. Springview said the IPO is expected to raise $6 million in gross proceeds. The...
--Kenvue Maintains Quarterly Dividend at $0.205 per Share; Payable on Nov. 27 to Shareholders of Record on Nov. 13
--Kenvue Maintains Quarterly Dividend at $0.205 per Share; Payable on Nov. 27 to Shareholders of Record on Nov. 13
Oct 17, 2024
07:29 AM EDT, 10/17/2024 (MT Newswires) -- Price: 21.76, Change: +0.03, Percent Change: +0.14 ...
Blackstone tops profit estimate as its assets hit record, dealmaking picks up
Blackstone tops profit estimate as its assets hit record, dealmaking picks up
Oct 17, 2024
NEW YORK (Reuters) - Blackstone beat Wall Street's expectations on its key quarterly earnings metric on Thursday, as the world's largest alternative investment firm's assets under management (AUM) hit a record $1.1 trillion and the value of its funds rose. New York-based Blackstone said it saw $41 billion of inflows during the third quarter, while it deployed and committed $54...
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