British Pound Records Lowest in 37 Years
On Friday, the British pound plunged to a 37-year low as new data revealed that consumers are cutting down on spending as inflation strains household...
Category : MARKETS
US Equity Funds Witness Outflows for a Fourth Week
For a fourth straight week, US equity funds registered net outflows since the higher-than-expected reading of inflation increased the probability that Federal Reserve would continue...
Key Rate in Russia Lowered to 7.5%
According to analysts’ predictions, Russia’s central bank reduced its benchmark interest rate by 50 basis points to 7.5 per cent on Friday while warning of...
Aluminium Futures Average Daily Volumes Surged in Q3, CME Says
On Friday, futures exchange operator CME Group Inc (NASDAQ: CME) stated that average daily volumes in aluminium futures had risen 359 per cent in the...
HDFC Bank Shares Fell 2.5%
On Friday, HDFC Bank shares are trading near the day’s low amid a broad-based selloff in the overall market. Today, the majority of banking stocks...
Mankind Pharma Files Documents for Over $700 Million IPO with SEBI
According to Moneycontrol, private equity firm ChrysCapital-backed Mankind Pharma, maker of best-selling condom brand Manforce Condoms, has filed its DRHP with market regulator SEBI with...
On Recession Fears, Dollar Gains Strength While Yuan Crosses Crucial Threshold
Early European trade on Friday saw a strengthening of the US dollar, while the Chinese yuan crossed a significant threshold as risk appetite was dampened...
European Stocks Fall Sharply
On increased concerns worldwide recession may be caused by aggressive monetary tightening, European stock markets fell substantially down on Friday.By 03:55 ET (07:55 GMT), the...
FedEx Plunges as Forecast Withdrawal Fans Slowdown Fears
On Thursday, shares of FedEx (NYSE:FDX) declined in premarket trading as the company’s forecast withdrawal alarmed about softening consumer demand and hammered equities in the...
Vedanta Shares Slipped After Company Issues Clarification on Semiconductor Plant
Shares of metals and mining company Vedanta fell 6% in early trade on September 16 after the company clarified that the proposed semiconductor business is...