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AUD/USD Nudges Higher – RBA Leaves Policy Untouched, Discussed Hiking Rates
AUD/USD Nudges Higher – RBA Leaves Policy Untouched, Discussed Hiking Rates
Jun 18, 2024
AUD/USD Analysis and Charts RBA leaves rates unchanged, and discussed moving rates higher.First RBA rate cut is now seen in April next year. Recommended by Nick Cawley Get Your Free AUD Forecast Easing Australian Inflation: Progress Slows, Target Still Distant The Reserve Bank of Australia (RBA) left all monetary settings unchanged earlier today, but warned that ‘the economic outlook remains...
Dollar hovers near six-week high ahead of US retail sales data
Dollar hovers near six-week high ahead of US retail sales data
Jun 18, 2024
The US dollar rose in European trade on Tuesday against a basket of major rivals, resuming gains and approaching six-week highs once again as US 10-year treasury yields rebounded. The gains come ahead of important US retail sales data, which will showcase the status of the US economy in the second quarter. The Index The dollar index rose 0.2% today...
Sterling moves towards four-week low amid downward risks
Sterling moves towards four-week low amid downward risks
Jun 18, 2024
Sterling fell in European trade on Tuesday against a basket of major rivals, resuming losses against the dollar and almost touching four-week lows. UK inflation data scheduled for release tomorrow could show that inflation is gradually approaching the 2% target, which might pave the way for a rate cut at the August policy meeting. The Price The GBP/USD pair lost...
Aussie is best performing major currency after RBA's bullish meeting
Aussie is best performing major currency after RBA's bullish meeting
Jun 18, 2024
The Australian dollar rose in Asian trade against a basket of major rivals, rebounding off a week low against its US counterpart and becoming the best performing major currency following the RBAs decisions. The Reserve Bank of Australia decided to hold interest rates unchanged today and warned from continued inflation risks, which reduced the odds of interest rate cuts this...
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Exchange-Traded Funds, US Equities Rise Amid Lower Treasury Yields
Exchange-Traded Funds, US Equities Rise Amid Lower Treasury Yields
Mar 27, 2024
12:56 PM EDT, 03/27/2024 (MT Newswires) -- Broad Market Indicators Broad-market exchange-traded funds, including IWM and IVV, were trading higher. Actively-traded Invesco QQQ Trust (QQQ) was up 0.1%. US benchmark stock indexes were higher, while government bond yields declined after midday on Wednesday. Energy iShares US Energy ETF (IYE) rose 0.5% and Energy Select Sector SPDR (XLE) gained 0.3%. Technology...
US STOCKS-Dow outperforms Wall Street in thin trading week
US STOCKS-Dow outperforms Wall Street in thin trading week
Mar 27, 2024
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * Merck ( MRK ) up after US FDA approves therapy for rare lung condition * Trump's media firm extends gains after stellar debut * GameStop ( GME ) faces 'unsustainable' sales decline, shares slide * Indexes: Dow up 0.59%,...
Sunrun, Roivant Shares Rise Ahead of Inclusion in S&P SmallCap, MidCap Indexes
Sunrun, Roivant Shares Rise Ahead of Inclusion in S&P SmallCap, MidCap Indexes
Mar 27, 2024
12:02 PM EDT, 03/27/2024 (MT Newswires) -- Sunrun ( RUN ) shares were up more than 13% in recent Wednesday trading, while Roivant Sciences ( ROIV ) rose over 8% after S&P Dow Jones Indices said the companies will join the S&P SmallCap 600 and the S&P MidCap 400 indexes, respectively. Sunrun ( RUN ) will replace PGT Innovations (...
US Equity Indexes Rise, Treasury Yields Fall in Midday Trading
US Equity Indexes Rise, Treasury Yields Fall in Midday Trading
Mar 27, 2024
12:40 PM EDT, 03/27/2024 (MT Newswires) -- US benchmark stock indexes rose after trading mixed, while government bond yields declined after midday on Wednesday. The S&P 500 climbed 0.3% to 5,218.2, hovering close to its record. The Nasdaq Composite rose 0.1% to 16,332.8, erasing earlier declines. The Dow Jones Industrial Average advanced 0.6% to 39,520.5, close to the record 40,000...
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India has a compelling business case and we are receiving a positive response: KT Rama Rao
India has a compelling business case and we are receiving a positive response: KT Rama Rao
May 25, 2022
CNBC-TV18’s Shereen Bhan, who is covering the event on the ground, on Wednesday, spoke to KT Rama Rao, Cabinet Minister of Telangana; Sanjiv Bajaj, President of CII; TV Narendran, CEO & MD at Tata Steel; Shobana Kamineni, Executive Vice Chairperson of Apollo Hospitals; Jayadev Galla, Chairman of Amara Raja and MP-Lok Sabha, TDP; and Anish Shah, MD & CEO of M&M, to discuss the road ahead, and about the outlook for 2022.
Coal India aims to sell 25% stake in Bharat Coking Coal, plans to float the company
Coal India aims to sell 25% stake in Bharat Coking Coal, plans to float the company
May 26, 2022
CIL, the state-owned coal company, announced that it plans to sell a 25 percent share in its unlisted subsidiary, Bharat Coking Coal Ltd (BCCL), and that the subsidiary will be listed on stock exchanges after receiving additional approvals.
Aditya Thackeray bats for ease of living as Maharashtra bags 20 MOUs at Davos 2022
Aditya Thackeray bats for ease of living as Maharashtra bags 20 MOUs at Davos 2022
May 24, 2022
The World Economic Forum's annual summit is underway in Davos and Maharashtra has so far signed over 20 MOUs with companies. Aditya Thackeray, Maharashtra Environment Minister says Maharashtra is the financial and manufacturing powerhouse of India and they are working on an agenda for better cities and ease of living.
Piramal Enterprises not eligible to buy Reliance Nippon Life due to insurance regulators restriction
Piramal Enterprises not eligible to buy Reliance Nippon Life due to insurance regulators restriction
May 26, 2022
Due to Irdai restrictions, Piramal Enterprises is unable to purchase Reliance Nippon Life Insurance, which is on the block as part of the debt-ridden Reliance Capital's resolution process. Piramal Enterprises is one of Reliance Capital Ltd and its subsidiaries' 54 potential resolution applicants (PRAs).
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