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Crude prices surged to their highest levels since 2022 on Wednesday while investors awaited the Federal Reserve’s policy decision later in the day.Brent crude for June delivery jumped 7.3 per cent to $119.34 a barrel by 1:15 pm Eastern time and touched an intraday high of $119.76. Brent for July delivery, where more active trading…
Former Goldman Sachs crypto executive Oliver Harris, who has returned to the TradFi world as JPMorgan’s new blockchain chief, once said he believes tokenization alone will not fix one of finance’s core challenges, warning that putting assets on blockchain rails does not automatically make them easier to trade. “Tokenization does not equal liquidity,” Harris, who…
Kulgam: Trade Union Qaimoh members stage a rally as part of the ‘Nasha Mukt Bharat Abhiyan’ campaign, in Kulgam, Jammu and Kashmir. (PTI Photo) SRINAGAR: J&K police on Wednesday conducted rapid urine drug tests on drivers plying on the national highway in Kulgam district, organised an anti-drug rally in Pulwama district’s Awantipora, and held a…
Driven by higher consumption of petroleum products, India’s crude imports in the 2025-26 fiscal increased by nearly 1% but witnessed a 17% fall in purchases in the month of March due to disruption of trade routes amid the West Asia crisis.According to provisional oil and gas data released by the government, India purchased 245.3 million…
New Delhi: With no sight of the Strait of Hormuz (SoH) opening for commercial traffic in near future, shipping ministry has shared a list of around 40 India-bound “priority vessels” with the external affairs ministry, suggesting the option of evacuating them through territorial waters of Oman. Oman’s territorial waters is on the south of SoH…
An unusually divided Federal Reserve on Wednesday held its key interest rate steady as policymakers grappled with the policy impact of persistent inflation and awaited a looming leadership transition at the central bank. In what may have been Chair Jerome Powell‘s final meeting at the helm, the rate-setting Federal Open Market Committee voted to hold…
Jerome Powell (AP file photo) US Fed Federal Open Market Committee (FOMC) meet: Jerome Powell-led US Federal Reserve on Wednesday kept the interest rates unchanged in the 3.5-3.75% range citing upside risks to inflation in view of the rising global energy prices.“Developments in the Middle East are contributing to a high level of uncertainty about…
NEW DELHI: West Bengal could be on the cusp of “poriborton” with the exit polls predicting a hung assembly that could mark the end of Mamata Banerjee’s 15-year-old rule in the state. Most of the exit polls projected a neck-and-neck race between the ruling Trinamool Congress (TMC) and the BJP in West Bengal.And the other…
