US investors are increasingly moving money out of domestic equities and into overseas markets, signalling a shift away from the long-dominant “buy America” trade as returns from Big Tech moderate and global markets outperform.Data from LSEG/Lipper shows US-domiciled investors have withdrawn about $75 billion from US equity products over the past six months, including $52…
Mumbai: Calling GenAI a civilisational shift, TCS CEO K Krithivasan said the company is not afraid of the technology disrupting livelihoods and is prepared to cannibalise its own revenues if needed, leveraging AI to deliver client outcomes more effectively. “We are telling associates that if you find you can do something faster, better and cheaper…
Singapore Exchange’s (SGX) derivatives arm will soon let institutions trade one of the crypto market’s most popular instruments: perpetual futures. The SGX Derivatives announced on Monday the launch of bitcoin BTC$95,808.38 and ether ETH$3,207.96 perpetual futures, scheduled to go live on Nov. 24, with a promise to deliver the structure and trust of global derivatives…
Deus X Capital’s Tim Grant wants real talk only when he’s speaking to others in the crypto industry. Deus X is a family office-backed investment and operating company that focuses on unlocking value across capital markets, fintech and digital assets to help build a fairer, more accessible financial system. Led by CEO Grant, Deus X…
According to GTRI, since India has already responded to American concerns, the United States should promptly remove the tariff. (AI image) The Donald Trump administration should with immediate effect withdraw the 25% penal tariffs on India for its crude oil trade with Russia, says the Global Trade Research Initiative (GTRI) in its latest note. In…
Bitcoin digital asset treasury (DAT) companies have been making headlines in recent weeks, and often for the wrong reasons. A sharp decline in crypto markets and over 40% slump (as of Nov. 27) in the share price of the world’s largest corporate holder of bitcoin, Strategy (MSTR), this year, has led some to question the…
Shares of Coreweave (CRWV) fell 8% on Monday after the AI infrastructure company announced plans to borrow $2 billion from investors by issuing debt that can be turned into common stock. The convertible debt offering could rise to $2.3 billion if the $300 million underwriter greenshoe option is exercised in full. While pricing hasn’t yet…
Commerce Secretary Rajesh Agrawal held a series of high-level meetings in Moscow to review progress on the proposed India–Eurasian Economic Union (EAEU) Free Trade Agreement, the commerce ministry said on Sunday.During his visit, Agrawal met Andrey Slepnev, Minister in charge of Trade at the Eurasian Economic Commission, and Russian Deputy Minister of Industry and Trade…
PM Modi with Sri Lanka President Dissanayake (File photo) NEW DELHI: Prime Minister Narendra Modi spoke with Sri Lankan President Anura Kumara Dissanayake on Monday, expressing condolences over the loss of lives and widespread destruction caused by Cyclone Ditwah.PM Modi conveyed India’s solidarity with Sri Lanka during the crisis and assured continued assistance as part…
President Donald Trump will begin the final interviews of candidates for the Federal Reserve chair this week, putting back on track the formal selection process that began this summer. “We’re going to be looking at a couple different people, but I have a pretty good idea of who I want,” Trump said Tuesday night aboard…
