Markets watch: Asia stocks slip as rate cut hopes fade; crude prices retreat after Russian exports resume

File photo (Picture credit: AP) Asian markets started the week on a weak note, with investors turning cautious amid fading expectations of a US rate cut and rising concerns over stretched tech valuations. The uncertain mood also spilled over into cryptocurrencies, with bitcoin briefly dipping below its end-2023 level.As per news agency AFP, traders are…

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Stock market today: Nifty50 opens flat; BSE Sensex crosses 84,600

Market experts maintain a positive outlook for Indian equities, supported by declining retail inflation and favourable corporate earnings results. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened flat in trade on Monday. While Nifty50 was above 25,900, BSE Sensex crossed 84,600. At 9:16 AM, Nifty50 was trading at…

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Banks with bloated cost structures will suffer as savers turn investors; fittest will survive: Kotak

CHAMPIONS OF CONTINUITY: Ashok Vaswani Uday Kotak Kotak Mahindra Bank’s MD & CEO (L) with founder ‘Over 40 Yrs, Capital Discipline Has Shaped Us… Two Years After I Stepped Down, The Institution Has Managed The Transition & Is Thriving With Leaders Like Ashok Vaswani’Two years after stepping down as Kotak Mahindra Bank’s CEO, Uday Kotak…

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US travel update: FAA lifts flight restrictions after government shutdown ends; major airports return to normal Monday

Representative image (Picture credit: AP) The Federal Aviation Administration will lift all flight-reduction orders at 40 major airports from Monday, allowing airlines to return to normal operations after weeks of shutdown-triggered disruptions.In a joint statement, transportation secretary Sean Duffy and FAA administrator Bryan Bedford said regular schedules can resume from 6 am EST on Monday….

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Guardrails in place for AI-led commerce: Visa

SINGAPORE: Payments giant Visa is looking to launch agentic commerce pilots across the Asia-Pacific region as regulatory and ecosystem readiness advances by early next year. Agentic commerce refers to a new era where AI-powered agents shop and pay on behalf of users. The company’s Visa Intelligent Commerce (VIC) programme incorporates features like tokenisation, authentication, payment…

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Meet Charlie Javice: Woman who scammed JP Morgan for $175M — but the bank is paying her $142M legal bills | Business

Charlie Javice’s story sounds almost too bizarre to be real: a young fintech founder who tricked JPMorgan into buying her startup for $175 million, ended up convicted of fraud, and is now serving a prison sentence, yet the same company she scammed is still paying more than $142 million for her legal bills, including questionable…

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Luxury sector: Galeries Lafayette targets booming Indian market – why experts warn sales may stay subdued

French department store Galeries Lafayette has officially entered India with a large five-floor store opened in Mumbai, hoping to tap into the country’s massive consumer base—but the road ahead is far from simple.Backed locally by the fashion division of the Aditya Birla Group, the retailer’s debut marks another attempt by global luxury brands to establish…

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