Posts in category Economic Times
Dollar set for weekly drop on US slowdown signs (17-05-2024)
It was last at $1.0861. April's annual U.S. inflation numbers met expectations but, since they were lower than the month before, they encouraged confidence that the Federal Reserve can cut interest rates in September and December - driving rallies in stocks and bonds and pressure on the dollar.
Oil set for weekly gain on signs of improving demand (17-05-2024)
Brent crude oil prices rose 21 cents, or 0.3%, to $83.48 a barrel by 0018 GMT. U.S. West Texas Intermediate (WTI) crude futures rose 18 cents, or 0.2%, to $79.41 a barrel.
US stocks lose steam after Dow hits milestone 40,000 mark (17-05-2024)
The blue-chip index has recovered from its October 2022 lows, powered by resilient U.S. economic growth despite steep rate hikes by the Fed.
Pre-market action: Here’s the trade setup for today’s session (17-05-2024)
The rupee stayed range-bound and settled 4 paise lower at 83.50 against the US dollar on Thursday, weighed down by unabated foreign fund outflows amid investors' weak appetite for riskier assets.
Stocks in news: Vodafone Idea, Biocon, PB Fintech, ZEEL, JSW Steel (17-05-2024)
Shares of ZEEL, JSW Steel, Godrej Industries, Glaxo and Sobha will be in focus as the companies will announce their quarterly results.
RBI’s Swaminathan cautions NBFCs on poor data, unsecured loans (17-05-2024)
"While automation can enhance efficiency and scalability, NBFCs should not allow themselves to be blinded by these models. It is crucial to recognise that rule-based credit engines are only as effective as the data and criteria upon which they are built. Over-reliance on historical data or algorithms may lead to oversights or inaccuracies in credit assessment, particularly in dynamic or evolving market conditions," Swaminathan said.
Fraud, crypto & wallet: A virtual hold for a real crime (17-05-2024)
Soon after a transaction by a scammer or the use of a mule account to purchase cryptos is tracked, the virtual digital assets (VDAs) can be moved to the proposed special account which would be under the control of a law enforcement agency (LEA).
Norway excludes Adani Ports, US and Chinese cos from pension fund (17-05-2024)
Norges Bank said on Wednesday that it excluded the company because of an unacceptable risk that the company contributes to serious violations of individuals' rights in situations of war or conflict. The other two companies blacklisted by Norges Bank include US-based L3Harris Technologies and China's Weichai Power.