Cracks in the global private credit market are rattling investors, raising concerns the stress could spill into crypto markets. Bloomberg reported Friday that BlackRock’s $26 billion private credit fund has begun limiting withdrawals amid rising redemption requests. The move follows similar stress at Blue Owl, which sold $1.4 billion in loans last month to meet…
NEW DELHI: Chief minister Rekha Gupta on Friday reiterated that there would be no shortage of funds for development works in Delhi, also asserting that laxity will not be tolerated.Gupta chaired a review meeting on road and drainage works approved earlier and directed the departments concerned to complete tendering processes by March end to ensure…
These are the stocks posting the largest moves in premarket trading. Source link
Indian refiners are currently paying a premium of $2 to $4 per barrel above Dated Brent for deliveries of Russia’s benchmark Urals crude. (AI image) In a quick and immediate fix to the Middle East oil supply shock, Indian refiners have begun purchasing readily available Russian crude oil. With ships and tankers currently not moving…
Strike received a BitLicense and money transmitter license from the New York State Department of Financial Services, clearing the way for the bitcoin BTC$70,108.81 financial services firm to operate in the state. “Receiving our BitLicense is a defining milestone for Strike,” said Jack Mallers, founder and CEO of Strike. “With our BitLicense, we can now…
NEW DELHI: Politics in Bihar has revolved around Jayaprakash Narayan’s disciples —Nitish Kumar and Lalu Yadav — for more than three decades. With Lalu stepping back from active politics and Nitish now opting for a Rajya Sabha seat over the state’s top job, Bihar appears to be entering an unknown phase, with a new face…
Check out the companies making headlines before the bell. Defense stocks 一 The group rose after a joint U.S.-Israeli attack on Iran over the weekend that was met with retaliation by the oil producing giant. Lockheed Martin shares also gained 6%, while Northrop Grumman was up 5%. Drone maker AeroVironment jumped more than 10%. Oil stocks…
The government has also directed producers to supply LPG, propane and butane to state-run refiners. (AI image) Middle East crisis impact: The government has activated emergency provisions to ensure there is no shortage of liquefied petroleum gas (LPG) in wake of the ongoing US-Israel-Iran war that has hit India’s imports of the energy source. India,…
Bitcoin BTC$70,614.48 and global equity markets have stabilized after an early-week sell-off and oil price spike that was triggered by the outbreak of military conflict between the U.S., Israel, and Iran. Bond markets, however, are signaling caution, as rising yields signal renewed inflation concerns and dwindling bets on Fed rate cuts. BTC, the leading cryptocurrency…
Lok Sabha leader of opposition Rahul Gandhi on Friday slammed PM Narendra Modi-led government over its foreign policy in the backdrop of the recent waiver issued by the United States for India allowing New Delhi to buy Russian oil, alleging that it was the result of the “exploitation of a compromised individual.”Taking his criticism to…
