On Wednesday, crypto exchange Kraken announced job cuts a person familiar with the matter said amounts to 15% of workers, while rival Coinbase Inc. reported earnings that missed estimates. Software developer Consensys is among other digital-asset firms that recently started trimming jobs.
Posts in category Economic Times
Bond traders scour US jobs data for clues on Fed’s rate plan (02-11-2024)
US bonds edged higher in early trading Friday after ending October with their worst monthly performance in two years. With the election and a Fed meeting days away, a measure of daily yield swings is at its highest in a year as traders position for further losses that could send 10-year yields as high as 4.5% over the next three weeks – compared with just under 4.3% currently.
Bond traders scour US jobs data for clues on Fed’s rate plan (02-11-2024)
US bonds edged higher in early trading Friday after ending October with their worst monthly performance in two years. With the election and a Fed meeting days away, a measure of daily yield swings is at its highest in a year as traders position for further losses that could send 10-year yields as high as 4.5% over the next three weeks – compared with just under 4.3% currently.
In dead-heat US polls, hedge funds hunt for trades (02-11-2024)
As the nearly deadlocked race nears, some are looking for so-called “asymmetric trades” involving bitcoin or the yuan, assets which could yield big profits if Trump wins but would not cause big losses if the wagers are wrong. “Trading the election is difficult given how tight it is,” said Edoardo Rulli, head of UBS Hedge Fund Solutions.
In dead-heat US polls, hedge funds hunt for trades (02-11-2024)
As the nearly deadlocked race nears, some are looking for so-called “asymmetric trades” involving bitcoin or the yuan, assets which could yield big profits if Trump wins but would not cause big losses if the wagers are wrong. “Trading the election is difficult given how tight it is,” said Edoardo Rulli, head of UBS Hedge Fund Solutions.
A cracker of a start to Samvat 2081: Indices climb nearly half a percent in Muhurat Trading Session (02-11-2024)
The local trader community actively participates in the Muhurat trading session, engaging in token transactions with an intent to take home profits. Making money in this hour is considered auspicious, setting the tone for the year to come.
India’s forex reserves fall by $3.5 billion (01-11-2024)
The Reserve Bank of India’s foreign exchange reserves decreased by $3.5 billion to $684.8 billion in the week ended September 25, primarily due to the central bank’s dollar sales to prevent rupee depreciation. Foreign currency assets fell significantly while gold reserves saw a rise. Outflows from Indian stocks and bonds added pressure on the rupee.
Govt revises wastage, input-output norms for jewellery exports (01-11-2024)
The government revises norms for permissible wastage in the export of gold, silver, and platinum jewellery, effective January 1. Wastage limits have been slightly reduced: 2.25% for handmade gold and platinum jewellery, 3% for silver, and specified reductions for machine-made and studded items. This ensures stricter control over duty-free metals.
Govt revises wastage, input-output norms for jewellery exports (01-11-2024)
The government revises norms for permissible wastage in the export of gold, silver, and platinum jewellery, effective January 1. Wastage limits have been slightly reduced: 2.25% for handmade gold and platinum jewellery, 3% for silver, and specified reductions for machine-made and studded items. This ensures stricter control over duty-free metals.
Sebi proposes doubling threshold for ‘High Value Debt Listed Entities’ to Rs 1,000 cr (01-11-2024)
Sebi proposes raising the threshold for High Value Debt Listed Entities from Rs 500 crore to Rs 1,000 crore to reduce compliance burdens. It includes governance obligations, filing reports in XBRL format, and harmonising reports with equity-listed entities. Public comments are open until November 15.