The FinTech Hub
Source: Live Mint NEW YORK, Jan 29 (Reuters) – Investment firm D.E. Shaw has built a position in Riot Platforms and may push it to make changes, two sources familiar with the matter said, making it the second activist shareholder to do so at the cryptocurrency mining company. Reuters could not determine the size of…
Source: Live Mint As the world awaits the US Fed Meeting Outcome, the precious yellow metal Gold hit a fresh all-time high at ₹83,750 per 10 grams in Delhi on Wednesday, January 29. According to the All India Sarafa Association, cited by the news agency PTI, this new high is attributed to heavy buying from…
Source: Live Mint Ellenbarrie Industrial Gases IPO: Ellenbarrie Industrial Gases Limited received the green light from the Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO). The company submitted its draft red herring prospectus (DRHP) to the market regulator on September 18, 2024. Ellenbarrie Industrial Gases Limited is a firm…
Source: Live Mint London bullion market players are racing to borrow gold reserves from central banks, which store bullion in London. According to news agency Reuters, this follows a surge in gold deliveries to the US, which was fueled by speculation of potential import tariffs after Donald Trump took charge as the US President. According…
Source: Live Mint (The opinions expressed here are those of the author, a market analyst for Reuters) NAPERVILLE, Illinois, Jan 29 (Reuters) – With global corn supplies set for decade lows later this year, Brazil’s corn harvest cannot afford a mishap. Brazilian corn stocks are particularly tight heading into 2024-25, and planting of the second…
Source: Live Mint CME gold stocks rose by 12.2 mln oz, or 70% over two months Deliveries to NY tightened London gold market free-float London bullion market seeks to borrow gold from central banks Ripple effects felt in other gold hubs after CME deliveries LONDON, – London bullion market players are racing to borrow gold…
Source: Live Mint (Updates with market opening prices) Jan 29 (Reuters) – Canada’s main stock index rose on Wednesday led by mining shares, as investors cheered the Bank of Canada’s decision to cut interest rates by a quarter percentage point. The Toronto Stock Exchange’s S&P/TSX composite index was up 0.3% at 25,502.94, its highest level…
Source: Live Mint TORONTO, Jan 29 (Reuters) – The Bank of Canada on Wednesday trimmed its key policy rate by 25 basis points to 3%, cut growth forecasts and warned Canadians that a tariff war triggered by the United States could cause major economic damage. MARKET REACTION: LINK: https://www.bankofcanada.ca/2025/01/fad-press-release-2025-01-29/ COMMENTS ANDREW KELVIN, HEAD OF CANADIAN…
Source: Live Mint LONDON, Jan 29 (Reuters) – Hedge fund stock-pickers lost billions of dollars on Monday in a rout in global technology shares sparked by the emergence of a low-cost Chinese artificial intelligence model, according to a Goldman Sachs trading update and industry figures on Tuesday. Hedge funds that pick stocks based on company…
Source: Live Mint New Delhi, Jan 29 (PTI) The initial public offer of Temasek Holdings and TPG-backed Dr Agarwal’s Health Care Ltd, an eye care services provider, received 7 per cent subscription on the first day of bidding on Wednesday. The public issue got bids for 38,08,980 shares against 5,35,26,172 shares on offer, as per…
