Russia’s oil exports crashed to their lowest point since the Ukraine war began, weighed down by buyers moving away from Moscow amid tightened US sanctions and Kyiv’s escalating attacks. In its latest assessment, the International Energy Agency (IEA) noted that Russian oil exports declined by 420 kb/d in November, pulling total shipments down to 6.9…
U.S. stocks pulled back Thursday after Oracle Corp. posted its steepest decline in nearly a year, reigniting concerns that heavy artificial intelligence spending is straining balance sheets faster than it is generating returns. Meanwhile, the crypto market traded with relative stability, decoupling modestly from equity weakness as traders remained selective about risk. Bitcoin traded back…
The International Monetary Fund hit Pakistan with 11 fresh conditions, linked to its $7-billion bailout programme. The latest directives, revealed in the Fund’s staff-level report for the second review released on Thursday, push the total number of conditions to 64 across the span of 18 months, according to the Express Tribune.The new measures target long-standing…
This is a technical analysis post by CoinDesk analyst and Chartered Market Technician Omkar Godbole. The Fed has come and gone without moving the needle on bitcoin’s BTC$92,534.21 price in any meaningful way. The central bank cut rates by 25 basis points as expected, but supposedly delivered hawkish forward guidance. Still, the dollar has been…
Rupee slipped to a record low of 90.52 against the US dollar, in early trade on Friday, extending its sharp decline this year amid ongoing challenges in the India-US trade talks.This comes after the currency fell 90.46 against the dollar on Thursday, breaching its previous record of 90.42, which was set on December 4. Rupee…
Tesla’s latest attempt to revive demand in the United States faltered in November, with the company posting its weakest monthly sales in nearly four years, despite rolling out cheaper versions of its most popular electric vehicles. Exclusive figures shared with Cox Automotive, cited by Reuters show that US sales fell to about 39,800 units, a…
US Indian-origin lawmakers have raised concerns that measures undertaken by the Trump administration, such as the USD 100,000 fee on H1B visas and 50 per cent tariffs on India, were hurting American businesses and threatening people-to-people ties between Washington and Delhi.The remarks came during a House Foreign Affairs South and Central Asia Subcommittee hearing titled…
Asian markets rose on Friday, mirroring a record-breaking session on Wall Street following the Federal Reserve’s recent interest rate cut. Investors appeared optimistic, even as concerns over high tech valuations lingered after earnings disappointments from Oracle and Broadcom.Hong Kong’s HSI added 379 points or 1.48% to 25,909. Nikkei was trading up 429 points or 0.86%,…
Gold’s intraday technical structure points toward a possible pullback from overbought levels. (AI image) Gold price prediction today: Gold prices are showing signs of exhaustion, says Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities. He recommends selling if the gold prices slip below Rs 1,32,300:Gold futures on MCX witnessed a sharp rally…
NEW DELHI: The Red Fort has turned into a high-security zone as India hosts, for the first time, the 20th session of the Intergovernmental Committee for the Safeguarding of the Intangible Cultural Heritage (ICH) of UNESCO, days after a deadly blast near the monument.The week-long meeting, being held from December 8 to 13 inside the…
