On Recession Fears, Dollar Gains Strength Yuan Crosses Crucial Threshold
Early European trade on Friday saw a strengthening of the US dollar while a significant threshold was crossed by the Chinese yuan as risk appetite...
Tag : Europe
Goldman Sees European Gas Prices Dropping Sharply
Goldman Sachs has said that European natural gas prices will likely drop by more than half over the next six months since the continent successfully...
Oil Drops to Lowest Level Since January as Demand Worries Grow
Concerns that a global downturn will reduce demand in Europe and the US at the same time that China’s Covid Zero campaign affects consumption caused...
Lupin Records Net Loss of Rs 89 Crore in Q1 FY23
Today, Lupin Ltd reported a consolidated loss of Rs 89.08 crore for the first quarter from a profit of Rs 542.46 crore last year. In...
Adar Poonawalla Announces Covovax Available for Everyone Above 12 Years
On 04 May, Adar Poonawalla, CEO of Serum Institute of India, announced coronavirus vaccine ‘Covovax’ is available for everyone above 12 years. Now, Covovax is...
LIC IPO 27% Subscription Muted Non-Institutional Demand
The initial public offering (IPO) of Life Insurance Corporation (LIC) opened for subscription on May 4, and by the first two hours, around 27 per...
Saas Startup Zipy Raises $2.8 Million in Seed Funding Led by Blume, Together
Software debugging and observability platform Zipy has raised a $2.8 million seed round led by Blume Ventures and operator-led venture capital firm Together Fund. Founded...
US, EU Partners to Undercut Russian Energy
The US and European Union (EU) announced a new partnership to decrease the continent’s reliance on Russian energy. As part of the plan, the US...
US President Announces Extra Security Aid of $800 Million to Ukraine
US President Joe Biden announced extra military aid worth $800 million to Ukraine. According to the White House, the assistance will take the form of...
Eruditus Closes $350 Million Debt from CPPIB
Eruditus has sealed a $350 million debt financing from Canada Pension Plan Investment Board (CPPIB) to fund its acquisition plans in overseas markets. The company...