MUMBAI: India’s trade and energy supplies face fresh risks after reinsurers and Protection & Indemnity (P&I) clubs announced cancellation of war risk insurance for vessels transiting the Strait of Hormuz and Iranian waters, following an escalation in the Iran conflict. The cancellations, effective from this week, have left over 150 vessels stranded and disrupted a…
JPMorgan Chase CEO Jamie Dimon said banks want stablecoin issuers that pay interest on customer balances to face the same rules as traditional lenders, sharpening an ongoing debate over U.S. crypto legislation. In an interview with CNBC on Tuesday, Dimon addressed reported tensions with Coinbase CEO Brian Armstrong, who pulled support for the proposed CLARITY…
NEW DELHI: Indian Youth Congress president Uday Bhanu Chib was released from Tihar jail on Tuesday, days after being granted bail in connection with a protest at Bharat Mandapam during the AI Impact Summit.Speaking after his release, Chib said the Congress and its youth wing would continue to oppose the India-US deal, which he alleged…
Jon Gray, President and COO of Blackstone, speaks during the Axios BFD event in New York City, U.S., October 12, 2023. REUTERS/Brendan McDermid Brendan Mcdermid | Reuters Blackstone president Jon Gray on Tuesday defended the quality of loans within the firm’s flagship private credit fund after investors pulled nearly 8% from it in the last…
Image used for representative purposes NEW DELHI: Amid the escalating tensions in the West Asia region, the Indian govt has set up an inter-ministerial group that’s monitoring the situation particulary to assess any hurdles in India’s trade and shipping.“We have set up an inter-ministerial group that meets on a daily basis and is closely monitoring…
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 1924.9, down 3.3% (-66.23) since 4 p.m. ET on Monday. One of the 20 assets are trading higher. Leaders: NEAR (+1.3%) and CRO (-1.6%). Laggards: AAVE (-10.0%) and ADA…
NEW DELHI: Delhi chief minister Rekha Gupta on Tuesday inaugurated NDMC’s two-day Flower Festival at Connaught Place, drawing visitors to a colourful showcase of seasonal blooms and various floral-themed displays in the heart of the capital.The New Delhi Municipal Council (NDMC) opened its festival at Connaught Place’s Central Park. The event began with a brief…
Check out the companies making headlines before the bell: Target — The big box retailer jumped more than 3% on better-than-expected earnings for the fourth quarter. Target earned an adjusted $2.44 per share, which topped the $2.16 per share analysts polled by LSEG were anticipating. Revenue of $30.45 billion came in just below consensus. Best…
Japan is in discussions with India to jointly explore rare earth deposits in Rajasthan as Tokyo looks to reduce its dependence on China for critical minerals used in magnet manufacturing, Reuters reported, citing two people familiar with the matter.Last month, Union minister G. Kishan Reddy said three hard rock rare earth deposits containing 1.29 million…
A federal judge has dismissed a proposed class action lawsuit against Uniswap Labs, CEO Hayden Adams and several venture capital backers, ruling they cannot be held liable for alleged “rug pull” tokens traded on the decentralized exchange’s protocol. In a ruling issued Monday by the U.S. District Court for the Southern District of New York,…
