California Governor Newsom Signs Prediction Market Insider Trading Order

California Governor Gavin Newsom signed an executive order on Friday, expanding rules to curb public servants and those close to them from benefiting from insider trading on prediction markets tied to political or economic events they can influence or are privy to. The order prohibits “gubernatorial appointees,” public officials appointed to office by the governor…

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Govt gives 30-day relief to gems, jewellery exporters amid Middle East disruptions; shipment delays prompt easing

In response to disruptions in cargo movement linked to the Middle East crisis, the government has allowed an additional 30 days for the gems and jewellery sector to fulfil specific export and import timelines.The relaxation comes as exporters face delays in consignments to key markets in the region, which accounts for nearly 30 per cent…

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US stock market: Wall Street in red as investors await key data after government shutdown ends; S&P 500, Nasdaq slip from recent highs

Stock markets in the United States were at a low as investors await further economic indicators. The S&P 500 declined by 0.4% in early Thursday trading, moving away from its recent record high achieved in the previous month. The Dow Jones Industrial Average dropped 41 points, while the Nasdaq composite fell 0.7%. After the longest…

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India’s forex reserves fall $11.68 bn to $716.81 bn as foreign currency assets slide

India’s foreign exchange reserves declined sharply in the week ended March 6, reversing the previous week’s surge that had taken the country’s forex stockpile to a record high.Data released by the Reserve Bank of India on Friday showed the reserves dropped by $11.683 billion to $716.810 billion, reported PTI. In the preceding reporting week, the…

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Sberbank issues Russia’s first bitcoin-backed loan in pilot deal

Sberbank, Russia’s second-largest bank, issued the country’s first bitcoin-backed loan to one of its largest bitcoin miners, calling the transaction a pilot and suggesting it was keen to issue more in the future “We believe this product will be relevant not only for cryptocurrency miners, but also for companies that own cryptocurrencies,” the bank said…

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Low inflation, high growth: India’s ‘sweet spot’ – Who really pays for ‘goldilocks’ economy?

India is experiencing a rare economic phase with near-zero inflation and robust growth exceeding 8%. While this ‘Goldilocks’ moment benefits borrowers and large corporations, farmers face significant losses due to falling food prices. Savers might see reduced returns as interest rates decline, highlighting a complex economic landscape where benefits are unevenly distributed. India is in…

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