Real-time market updates from India's financial markets and global sources.
15 articles
Hopes that a ceasefire deal could pave the way for an end to the Iran conflict drove stocks toward a historic streak of weekly gains, with the market also buoyed by the artificial-intelligence trade.
Bloomberg Markets
Food prices have become the animating issue in one of New York City Mayor Zohran Mamdani’s signature policies: a plan to open city-owned grocery stores. Azalea Fresh Market's CEO Paul Nair joins Max Chafkin and Stacey Vanek Smith on the Everybody's Business podcast to discuss the popular city-backed grocery store in Atlanta and how it's serving as a model for Mamdani’s grocery store plan. (Source: Bloomberg)
Bloomberg Markets
The main US derivatives regulator said perpetual futures contracts for cryptocurrencies could trade on registered onshore platforms if they meet certain conditions, bringing to America a popular trading instrument that has until now existed almost entirely overseas.
Bloomberg Markets
Federal Reserve Vice Chair for Supervision Michelle Bowman said, “I would like to have more clarity on the economic impacts from the conflict in the Middle East and the durability of those effects,” and thinks it’s too soon to judge the inflationary impact from the Iran war. Bowman said Friday at a central banking conference in Iceland that that policymakers need to look through temporary price shocks. (Source: Bloomberg)
Bloomberg Markets
BlackRock Inc. is trimming its bet on stocks across its $220 billion model-portfolio business as US equities surge to record highs following a strong earnings season.
Bloomberg Markets
The European Union’s six largest economies have agreed on a plan to implement a bloc-wide capital markets union, reaching a collective stance they say will help spur the continent to action after years of delay.
Bloomberg Markets
Petra Diamonds Ltd. is putting one of its two mines into a business restructuring process and is considering job cuts across the rest of the company, as falling diamond prices and a strong rand erode earnings and liquidity.
Bloomberg Markets
Ford Motor Co. shares are set to record their best monthly gain in 17 years as the automaker’s newfound status as a possible beneficiary of the artificial intelligence boom sparked an investor frenzy.
Bloomberg Markets
Robust first-quarter corporate results, driven by technology megacaps, have provided fundamental support to the stock-market rally, dimming worries about elevated Treasury yields, according to HSBC Bank Plc’s Max Kettner.
Bloomberg Markets
Roughly one-quarter of the non-Iranian large oil tankers trapped inside the Persian Gulf at the outbreak of the Iran war have managed to slip out in a slow, stealthy trickle.
Bloomberg Markets
Zambia started a cash tender offer to buy back its $1.36 billion bond due in 2053, becoming the latest African nation to repurchase outstanding debt as governments seek to reduce their servicing costs.
Bloomberg Markets
Summer events including the FIFA World Cup and America’s 250th anniversary could spur sales of sweet treats, making now a key time to snap up beaten-down shares of Hershey Co., according to the candy and snack maker’s newest Wall Street bull.
Bloomberg Markets
EFG International AG, a private-banking boutique based in Zurich, is expanding its 300-person team serving clients from the Americas with an emphasis on Brazil and South Florida.
Bloomberg Markets
Kenya’s inflation rate rose by the most in more than two years, after higher fuel costs driven by the war in Iran added to price pressures and spurred deadly protests last week.
Bloomberg Markets
This month’s rally in the dollar, as traders priced in the prospect of higher US interest rates, is leaving Wall Street strategists wary of further gains.
Bloomberg Markets
News content is aggregated from publicly available sources. WelthWest does not claim ownership.