Risk assets are under pressure Thursday despite the Fed’s rate cut, with Oracle’s earnings miss piling on alongside the central bank’s hawkish guidance. Bitcoin BTC$90,193.08, the leading cryptocurrency by market value, is trading near $90,000, representing a 2.8% drop over 24 hours, according to CoinDesk data. Futures tied to Wall Street’s tech heavy index, Nasdaq,…
(Image credits: X @IndiaCoastGuard) NEW DELHI: Indian Coast Guard (ICG) on Wednesday seized a Pakistani fishing boat and apprehended 11 crew members for operating illegally in Indian waters, officials said. The detainees have been handed over to the Jakhau Marine Police in Gujarat for further investigation.ICG on Thursday confirmed the interception on X, stating that…
Gold prices surged to fresh highs on Thursday, after the US Federal Reserve delivered its third consecutive interest rate cut, lifting global precious metal markets even as uncertainty lingered over the pace of easing next year. With domestic prices touching new records, Indian buyers are increasingly shifting toward cheaper jewellery options.Gold has jumped sharply from…
President Droupadi Murmu (File photo) NEW DELHI: President Droupadi Murmu arrived in Manipur on a two-day visit on Thursday — her first trip to the state since taking office in July 2022, and also her first since the ethnic conflict erupted in May 2023.The President’s visit comes three months after Prime Minister Narendra Modi travelled…
NEW DELHI: Calling the India–US trade deal “elusive” but nearing completion, chief economic adviser V Anantha Nageswaran on Wednesday said he would be “surprised” if the pact is not sealed by March, further adding that “most issues have been resolved.““I was hoping something would be done by the end of November, but it has turned…
Rupee versus dollar (AI image) The Indian rupee tanked to a fresh record low on Thursday, going past the 90 mark versus the US dollar again. The rupee has been depreciating sharply this year, influenced by ongoing challenges on the India-US trade deal front and increased corporate dollar demands.The rupee declined to 90.4675 versus the…
Gemini Space Station, Inc. (GEMI) said its affiliate Gemini Titan, LLC has received approval from the U.S. Commodity Futures Trading Commission (CFTC) to operate as a Designated Contract Market (DCM), allowing the firm to offer regulated prediction markets to U.S. customers, according to a press release issued Wednesday. Per the release, Gemini first applied for…
NEW DELHI: The Bharatiya Janta Party MP Anurag Thakur on Thursday asked the Lok Sabha speaker Om Birla whether he had allowed e-cigarettes inside the House, accusing the Trinamool Congress MPs of “continuously vaping” in the Parliament.“I just want to request something so that the House knows. E-Cigarettes are banned in the country. Have you…
Gold prices surged to fresh highs on Thursday, after the US Federal Reserve delivered its third consecutive interest rate cut, lifting global precious metal markets even as uncertainty lingered over the pace of easing next year. With domestic prices touching new records, Indian buyers are increasingly shifting toward cheaper jewellery options.Gold has jumped sharply from…
Bitcoin BTC$90,326.39 slipped toward $90,000 on Thursday as crypto markets unwound much of Tuesday’s rebound, with broad risk appetite weakening despite the Federal Reserve delivering a widely expected rate cut and restarting Treasury purchases. Major tokens extended weekly losses, and more than $514 million in leveraged positions were wiped out over the past day as…
