The average interest rate on a 30-year fixed mortgage in the US edged slightly lower this week but continued to hover within a narrow range that has prevailed for nearly two months, offering only modest relief to homebuyers.The benchmark long-term mortgage rate slipped to 6.18% from 6.21% last week, mortgage buyer Freddie Mac said on…
The European Union’s newest tax transparency law for digital assets takes effect Jan. 1, marking a shift in how crypto activity faces scrutiny across the bloc. Known as DAC8, the directive extends the EU’s long-running framework for administrative cooperation on taxation to crypto assets and related service providers. The rules require crypto-asset service providers, including…
China is likely seeking to leverage the easing of tensions along the Line of Actual Control (LAC) with India to stabilise strained bilateral ties and, more strategically, to prevent a further deepening of New Delhi’s partnership with Washington, according to a new report by the US Department of War.In itsannual report to Congress, “Military and…
Indian Railway Finance Corporation (IRFC) has provided a Rs 9,821 crore loan to the Dedicated Freight Corridor Corporation of India Ltd (DFCCIL) to refinance its foreign currency debt taken from the World Bank for the Eastern Dedicated Freight Corridor project, PTI reported.The rupee-denominated term loan agreement was signed between Rahul Kapoor, Director (Finance), DFCCIL, and…
Filecoin FIL$1.2771 slipped 2% to $1.28 during Tuesday’s session, tracking broader crypto market flows rather than responding to token-specific catalysts. The token’s price action remains closely tied to the crypto market sentiment, according to CoinDesk Research’s technical analysis model. This tight correlation indicates large order flows are driving the price moves rather than fundamentals for…
NEW DELHI: A Delhi court on Wednesday acquitted three accused in a 2009 acid attack case, citing a lack of evidence, 16 years after charges of criminal conspiracy were framed against them.Additional Sessions Judge Jagmohan Singh acquitted the trio — Yashvinder, his wife Bala, and Mandeep Mann — who were accused of conspiring with another…
The National Highways Authority of India (NHAI) has received regulatory approval from the Securities and Exchange Board of India (Sebi) to register Raajmarg Infra Investment Trust (RIIT) as a Public Infrastructure Investment Trust (InvIT), paving the way for wider public participation in national highway assets. In a statement issued on Wednesday, NHAI said the Public…
NEW DELHI: Observing a clear mismatch between research needs in the power sector and the efforts being made to address them, the central electricity authority (CEA) has sought suggestions from stakeholders to bridge the gap.The move comes as part of the exercise to prepare the National Electricity Plan (NEP) for the period 2027-28 to 2036-37….
US stocks were largely steady on Wednesday, hovering close to record levels as investors navigated a holiday-shortened session ahead of the Christmas break.In early trade, the S&P 500 was flat, a day after closing at its latest all-time high. The Dow Jones Industrial Average edged up 51 points, or 0.1%, while the Nasdaq composite slipped…
Network News AAVE COMMUNITY SPLIT: Aave’s community members and participants have become sharply divided in recent weeks over control of the protocol’s brand and related assets, intensifying an ongoing dispute over the relationship between the decentralized autonomous organization (DAO) and Aave Labs, the centralized developer firm that builds much of Aave’s technology. The debate has…
