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


5 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


7 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


7 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


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


10 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


10 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


13 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


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


13 hours ago

8-Month-Old Baby, His Parents Among Four Indian-origin People Kidnapped In US

The family was allegedly kidnapped by a man armed with weapons and prescribed danger. Authorities have not revealed any name of a suspect as the investigation is still underway. A similar incident was reported in 2019, when an Indian-origin techie was found dead in his girlfriend's car.
#Indian #News #Business #Markets


15 hours ago

S.Korea's Naver buys U.S

Naver announced a $1.2 billion purchase of U.S. Fashion resale platform Poshmark Inc (POSH.O) but investors questioned the timing of its biggest acquisition amid a slowing economy and sent its shares tumbling.
#Naver #S.Korea #News #Business #Markets


15 hours ago

European markets head for higher open as global markets rally

The FTSE index is expected to open 30 points higher at 6,934, germany's DAX 126 points higher. The higher open expected in Europe comes after a rebound on Wall Street. There, stocks rallied to start the new month and quarter on a positive note.
#European #FTSE #Europe #News #Business #Markets


13 hours ago

Businesses Brace for Currency Chaos in Asia - The New York Times

Tigun Wibisana and Sandra Kok own the siTigun cafe on Penang Island in malaysia. The couple are facing an excruciating decision that could make or break their business of 14 years.
#TigunWibisana #TheNewYorkTimes #PenangIsland #News #Business #Markets


15 hours ago

Cryptocurrency prices today rise as bitcoin, ether gain over 2%

The global crypto market cap today remained below the $1 trillion mark, even as it was up over a per cent in the last 24 hours at $979 billion. The coin linked to the ethereum blockchain and the second largest cryptocurrency, gained more than 2% at $1,321.
#News #Business #Markets


15 hours ago

Urmila Matondkar On Her Digital Debut With 'Tiwari': Challenging As A Performer

The actress plays the titular role in the web series set in a small town and has an emotional mother-daughter story at the core of it. The project has everything from drama to action to some thrilling twists and turns.
#UrmilaMatondkar #News #Business #Markets


18 hours ago

Brazil markets post best day since 2020 as Jair Bolsonaro outperforms polls

Britain's currency strengthened more than 4% against the dollar. The benchmark Bovespa equities index (.BVSP) jumped 5.5%, its biggest one-day gain since April 2020. Some companies rallied over 10%, while preferred shares of state-run oil company Petrobras closed 8% higher.
#JairBolsonaro #vespa #Brazil #News #Business #Markets


17 hours ago

Japan's Nikkei 225 rises 2%; Asia-Pacific markets trade higher after U.S

The Nikkei 225 in Japan rose 2.19% in early trade, and the Topix index was 2.44% higher. South Korea's Kospi advanced 1.81% on its return to trade after a holiday.
#Kospi #Nikkei #Nikkei225 #Japan #News #Business #Markets


18 hours ago

Morning Bid: A market sweet spot?

Markets may be in a sweet spot right now, opening up the potential for a few weeks of respite and decent-sized rebounds. If ever there was a time for investors to pause and even put some chips back on the table, this is it. The united states entering recession within the next 12-18 months is overwhelming consensus.
#Reuters #News #Business #Markets


23 hours ago

‘In 5 years, India to emerge as top luxury watch market’

India may emerge as the top market within a few years, says erol Baliyan, managing director, Middle East, Africa and India for Franck Muller. The Swiss luxury watch company renewed its contract with Bollywood star Ranveer Singh as brand ambassador, but it is also wary of the high customs duty which could dampen this growth.
#erolBaliyan #Mint #Swiss #Bollywood #India #News #Business #Markets


23 hours ago

Simultaneous shocks roil world economy

The world economy is showing signs of a rapid downshift as it contends with a series of shocks. Some of them self-inflicted by policymakers. The fallout from the most aggressive hiking of interest rates since the 1980s is mounting.
#TheHerald #News #Business #Markets


21 hours ago