Sterling climbs for sixth straight session after Kwarteng's tax U-turn

The euro was up 0.44% against the pound at 87.16 pence. Pound dropped to a record low of $1.0327 on sept. 26. Bond prices tumbled after Kwarteng announced plans to slash taxes.
#Sterling #Reuters #News #Business #Markets

3 hours ago

Sterling rises for sixth straight session after Kwarteng's tax U-turn

The euro was up 0.28% against the pound at 87.03 pence. Pound had already rebounded from its record low after the bank of England intervened in the bond market last week.
#Kwarteng #Reuters #News #Business #Markets

6 hours ago

Markets rise 2% as banks, metals surge

ReutersShares rose 2% on tuesday, leading by gains in banks and metal companies. Crude prices inched higher, leaving domestic investors wary of inflation heating up in the world's third-largest oil import country.
#ReutersS #News #Business #Markets

6 hours ago

5 things to know before the stock market opens Tuesday, October 4

Stock markets rebounded sharply as investors sought to shake off a brutal September, which brought about new lows for the year. The Dow had its best day since June, and the S&P 500 had its worst one since July. Time will tell whether any of this will last, however.
#Dow #S&P500 #News #Business #Markets

6 hours ago

India iPhone exports expected to double to $2.5B by March 2023

China factories expected to double annual shipments to $2.5 billion. Exports of iphones made in the country are expected to reach new levels of output.
#AppleInsider #iPhone #India #News #Business #Economy

7 hours ago

Gold price at two-month high, tops Rs 51000; Silver above Rs 61000 - check rates in your city

Gold price hit a two-month high on account of the Rupee gaining strength against the american dollar. Gold was quoting higher at USD 1,704.60 per ounce on the MCX. The metal surged 1.27 per cent today while it had advanced more than 7 per cent on Monday.
#ZeeBusiness #News #Business #Markets

8 hours ago

Bitcoin Gains Momentum on Fed Pivot Narrative, But Some Banks Anticipate Dollar Rebound

It's been a case of 'bad news is good news' for equities. The market treating the downside surprise to the ISM index as increasing the chances of an earlier Fed pause, seen as positive for risk assets, the bank of new Zealand's research team wrote.
#Fed #ISM #News #Business #Economy

7 hours ago

Insurance Regulator Approves Bima Sugam — Here'S How It Will Work

Insurance regulator has asked insurance companies to operationalise 'Bima Sugam' by January 2023. This could prove to be the biggest reform in the insurance sector in the days to come.
#News #Business #PersonalFinance

8 hours ago

Is Tomorrow a Bank Holiday? Banks to Remain Closed in These States; Check Full List

Banks in various states will be closed for 21 days in October 2022 due to the festive season. The banks were not functioning on October 1 due to half yearly Closing of the Bank Accounts. In many states, it also will be holidays on October 3 (Monday) and October 4 (Tuesday)
#News #Business #Markets

8 hours ago

Pfrda Proposes Systematic Lump Sum Withdrawal From Nps — Here'S What It Means

Pension fund Regulatory and Development Authority has recently invited suggestions on a new proposal that will allow monthly, quarterly, half-yearly or annual withdrawal of the lump sum amount from the National Pension System (NPS) till the age of 75 years. The deadline to give feedback on this proposal will end on October 19.
#RegulatoryandDevelopmentAuthority #News #Business #PersonalFinance

8 hours ago

Google Introduces Circular Economy-Focused Startup Accelerator Program

Google has introduced a virtual accelerator program called Google for Startups Accelerator: Circular Economy for startups and non-profit organisations based in Asia-Pacific and North America. The program will focus on Seed to Series A tech startups that build tech solutions to resolve problems including reuse, refill, recycling, composting, fashion, food, safe and circular materials. Selected startups will also be assigned a ‘success manager’ that will support one specific organisation.
#Google #Asia #News #Business #Economy

10 hours ago

Australia breaks with global trend to slow interest rate hikes

The reserve bank of australia has lifted its benchmark interest rate by less than expected. The 0.25 percentage point hike on Tuesday was half of what markets had expected, suggesting officials are wary of hitting the brakes too hard and tipping the country into recession.
#AlJazeera #Australia #News #Business #Economy

10 hours ago

Credit Card Payment: Follow THESE steps to prevent money losses, penalty & fraud

E-commerce and different shopping platforms are offering discounts and cashback offers. Most of these offers are on credit and debit cards. The flexible repayment period for credit card services is from three to thirty-six months.
#PersonalFinanceNews #News #Business #PersonalFinance

10 hours ago

How Apple iPhone exports are boosting PM Modi's ‘alternative to China plan'?

Outbound shipments of India-made iPhones set to reach $2.5 billion in the 12 months through March 2023. That’s almost double the $1.3 billion worth of iPhones India exported in the year through march 2022, the people said.
#Modi #India #iPhone #India #News #Business #Economy

10 hours ago

BOJ summary mentions easy money 'exit strategy'

The central bank decided to stick with its easy money policy at a meeting last month. Some policymakers said the bank needs to communicate an exit strategy at the right time. The summary shows that policymakers took note of rising consumer prices.
#BOJ #News #Business #Economy


Fuel price update: Check rates of petrol, diesel in Odisha on October 4

Prices of petroleum products change as per market rates. Petrol and diesel are being sold at Rs 103.19 and Rs 94.76 respectively in the capital city of Bhubaneswar. Diesel is being sold in the town at Rs 100.29.
#Bhubaneswar #News #Business #Economy

14 hours ago

Electronics Mart India IPO subscribed 34%, retail portion booked 62% on Day 1

The initial public offering of Electronics Mart India was subscribed 34 percent on the first day of the subscription. The offer garnered bids for 2.12 crore equity shares against an offer size of 6.25 crore equity share. Non-institutional investors also started putting bids, buying 15 percent of the portion set aside for them.
#ElectronicsMartIndia #News #Business #Markets

12 hours ago

Stock Market Sectors: Stock market update: Sugar stocks up as market rises - The Economic Times

Sugar stocks were trading higher on Tuesday at 11:05AMDCM Shriram Industries(up 2.32%), BAJAJHIND (up 1.95%), Uttam Sugar Mills(up 1.81%), AVADHSUGAR (up 1.71%), Ugar Sugar Works (up 11.68%), Shree Renuka Sugars (down 0.42%) and Industries (up 1.51%) were among the top gainers.
#TheEconomicTimes #News #Business #Markets

12 hours ago

Divya Nettimi Becomes First Woman To Launch A Billion-Dollar Hedge Fund

Divya Nettimi started her own hedge fund on monday with more than $1 billion of commitments. She will bet on and against stocks in the consumer, business services and technology, media and telecom sectors, while also backing private companies.
#DivyaNettimi #News #Business #PersonalFinance

13 hours ago

Stock market holidays 2022: BSE, NSE to remain shut on these 3 days in October

Trading at the Bombay Stock Exchange and the national stock exchange will be closed on three days in October due to holidays. There will be no trading on Wednesday i.e October 5 and Diwali Balipratipada (October 26) the muhurat trading will take place on October 24, the timing for which will be notified later.
#BSE #News #Business #Markets

12 hours ago