Indian stock market: The domestic equity benchmark indices, Sensex and Nifty 50, are expected to open higher on Thursday, following gains in global markets. Asian markets gained, while the US stock market ended mostly higher overnight, led by a rally in technology stocks and cooler inflation data. On Wednesday, the Indian stock market indices ended…
DeepSeek, a small Chinese AI startup, released a flagship model on January 20. The startup caught competitors in Silicon Valley and the AI world by surprise. DeepSeek engineers said they’re building the models with inferior Nvidia chips and less capital. DeepSeek hit No. 1 on the Apple App Store’s Top Free Apps Chart days after…
HONG KONG — As Hong Kong returns to the global top five for public offerings, propelled by Chinese companies seeking dollar funding outside the U.S., concerns are rising over the long-established Hong Kong dollar peg crucial for the listings. Questions about the peg — under which the Hong Kong dollar is set at a narrow…
You wouldn’t be an economics forecaster for quids. Well, maybe you would, given the money they make, never even blinking about their frequent and sudden about-turns. A couple of months back, when the Australian dollar burst through 0.69 US cents, there was no shortage of highly paid currency traders and economists predicting a quick flirtation…
The government lost billions of dollars to fraud and improper payments last year. Both Musk and Ramaswamy have indicated they’ll crack down on fraud through DOGE. Some experts told BI they’re optimistic about action on fraud, but the DOGE leaders have to be willing to invest in the issue. Elon Musk and Vivek Ramaswamy have…
US President-elect Donald Trump demanded on Saturday that BRICS member countries commit to not creating a new currency or supporting another currency that would replace the United States dollar or face 100% tariffs. “The idea that the BRICS Countries are trying to move away from the Dollar while we stand by and watch is…
The October jobs report was weak, with a sharp slowing in net nonfarm payrolls due to hurricane-related disruptions and strikes. The November jobs report is likely to reflect more jobs and a rebound in payrolls, although the unemployment rate could rise further. Workers deliver Amazon packages on Black Friday in New York, US, on Friday,…
China’s recent $2 billion sale of U.S. dollar-denominated bonds, its first in three years, has drawn scrutiny for what one analyst said could be a warning to President-elect Donald Trump, who has threatened tariff hikes. The bonds were issued in two tranches: $1.25 billion maturing in 2027 with a 4.284 percent annual interest rate; and…
The Indian market is currently undergoing a corrective phase, impacted by the rise in the dollar index following Donald Trump’s victory in the 2024 US Presidential elections. Continuous outflows from foreign investors and the Middle East crisis are also aiding the negative sentiment. The benchmark Nifty has lost over 11 per cent from its record…
A strong U.S. dollar unsettled Asian markets on Thursday, as investors assessed a U.S. inflation report that showed price increases. The dollar’s continued rise—particularly against Asian currencies—has intensified economic pressure on the region since the U.S. election. In Japan, the dollar climbed to 156.10 yen from 155.49 yen, reflecting expectations of currency gains linked to…