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Source: Live Mint (Bloomberg) — The South African Reserve Bank is set to lower borrowing costs by another frugal 25 basis points on Thursday while warning that uncertainty around US monetary and trade policies may hinder future cuts. Most economists in a Bloomberg survey expect Governor Lesetja Kganyago to reduce the benchmark interest rate to…
Source: Live Mint US stock indices edged higher on Tuesday after previous session’s sharp losses amid a tech-led selloff. At 11:56 a.m. ET, the Dow Jones Industrial Average rose 64.23 points, or 0.14 per cent, to 44,775.51, the S&P 500 gained 29.71 points, or 0.49 per cent, to 6,041.99 and the Nasdaq Composite gained 240.65…
Source: Live Mint US stock indices edged higher on Tuesday after previous session’s sharp losses amid a tech-led selloff. As of 10:20 am Eastern time, the S&P 500 was 0.3 per cent higher. The Dow Jones Industrial Average was up 0.3 per cent and the Nasdaq Composite was 0.8 per cent higher. At the opening…
Source: Live Mint US stock indices opened higher on Tuesday after previous session’s sharp losses. At the opening bell, the Dow Jones Industrial Average rose 42.8 points, or 0.10%, to 44,756.36. The S&P 500 rose 14.7 points, or 0.24%, to 6,026.97, while the Nasdaq Composite rose 76.4 points, or 0.39%, to 19,418.219. Nvidia and other…
Source: Live Mint Wall Street stocks declined sharply on Monday, as the surging popularity of a low-cost Chinese artificial intelligence model sparked a selloff in chip giant Nvidia and other Big Tech companies. Nvidia stock crashed over 17 per cent. Among the Big Tech stocks, Microsoft, Meta Platforms and Google-parent Alphabet lost between 2.2 per…
Source: Live Mint KARACHI – Pakistan’s central bank cut its key policy rate by 100 basis points to 12% on Monday, for a sixth straight reduction since June as the country attempts to revive business and economic sentiment amid easing inflation. The State Bank of Pakistan has slashed rates by 1,000 bps from an all-time…
Source: Live Mint Wall Street in the week ahead will witness plenty of economic data, but major focus of investors will on the US Federal Reserve’s monetary policy. The us central bank will release its interest rate decision, the first of year 2025, on Wednesday. After three straight rate cuts last year, the Fed is…
Source: Live Mint Major US stock indices were muted on Friday, with investors staying cautious ahead of economic data. At the open, the Dow Jones Industrial Average fell 31.3 points, or 0.07%, to 44,533.75. The S&P 500 rose 2.7 points, or 0.04%, to 6,121.43, while the Nasdaq Composite rose 33.4 points, or 0.17%, to 20,087.105….
Source: Live Mint US stock indices moved in opposite directions on Thursday, as investors focused on corporate earnings and awaited President Donald Trump’s address to World Economic Forum (WEF) in Davos. At 09:49 a.m. ET the Dow Jones Industrial Average rose 77.68 points, or 0.18 per cent, to 44,234.41, the S&P 500 lost 3.29 points, or 0.05…
Source: Live Mint New Delhi, Jan 23 (PTI) Overall demand continues to remain soft as inflation of food, educational and telecom expenses put pressure on disposable income of the average Indian, and steps to leave more money in their hands in the upcoming Budget will be a welcome move, Pidilite Industries Ltd Managing Director Designate,…
