Markets News page: 1

Is a recession coming? Investors turn to earnings for clues | Mint

Live Mint | 2022-07-10, 11:33

A looming recession, runaway inflation, an energy crisis in Europe and a euro that’s sunk to near parity with the dollar: corporate earnings worldwide face a laundry list of challenges this season that could create another reason to dump stocks. After a

Binance Crypto Exchange appoints former PayPal executive as CFO | Mint

Live Mint | 2022-07-10, 11:33

Binance.US, the U.S. partner of the world's largest cryptocurrency exchange, named former PayPal Holdings executive Jasmine Lee as its chief financial officer on Thursday. Lee most recently served as the CFO and chief operating officer of investing application

Multibagger stock hits 52-week-high, Edelweiss remain bullish | Mint

Live Mint | 2022-07-10, 11:15

Elecon Engineering Company Ltd. is an engineering-related small-cap company with a market valuation of Rs. 3,304 crores. Elecon ranks third in terms of the scale of a firm that provides material handling solutions and is the largest maker of industrial gears

Kenya Has Highest Proportion of Crypto Owning Citizens in Africa UNCTAD Data Shows

Bitcoin | 2022-07-10, 11:01

The latest data from the United Nations Conference on Trade and Development (UNCTAD) suggest that Kenya has the highest proportion of crypto-owning inhabitants than any other African country. To counter the growing use of cryptocurrencies, UNCTAD said it

Inflation Is Latest Driver of Business Insurance Costs

Wall Street Journal | 2022-07-10, 10:57

U.S. businesses are paying more for insurance, but unlike other higher costs

IMF hopes for resolution of Sri Lanka crisis to allow bailout talks

Reuters | 2022-07-10, 10:44

NEW DELHI, July 10 (Reuters) - The International Monetary Fund (IMF) said it is hoping for a resolution to Sri Lanka's political turmoil

Iraq's central bank has no future plan to change exchange rate - state news agency

Reuters | 2022-07-10, 10:44

July 10 (Reuters) - Iraq's central bank sees no reason to change the exchange

At-home bitcoin miners are getting crushed by the crypto sell-off and energy inflation. Here's how ...

Business Insider | 2022-07-10, 10:42

Two longtime crypto miners told Insider how the community is cutting costs during a brutal sell-off. Anusak Laowilas/Getty Images Hobbyist crypto miners are having to get creative to survive a brutal sell-off. Electricity costs are also rising across the US,

TCS shares: Why Motilal Oswal sees potential upside despite Q1 profit miss | Mint

Live Mint | 2022-07-10, 10:20

Despite TCS reporting lower-than-expected profit and margin numbers, Motilal Oswal see potential upside in the stock. The domestic brokerage has maintained buy on the stock with target price of ₹3,730, a 14% upside potential from current levels. TCS shares are

AMCs add 51 lakh investor accounts in June quarter

Business Line | 2022-07-10, 10:17

Asset management companies added 51 lakh investor accounts in June quarter,

Historic cascade of defaults is coming for emerging markets

Moneyweb | 2022-07-10, 09:48

Many EMs are on the edge. ...

An Inflation Offset? Consumers Staying Home

The Epoch Times | 2022-07-10, 08:26

Commentary Could a small reprieve from inflation be on the horizon? Sagging consumer confidence

Sri Lanka opposition hopes to install new gov’t amid turmoil

Artesia Daily Press | 2022-07-10, 08:14

COLOMBO, Sri Lanka (AP) — Sri Lanka’s opposition political parties will meet Sunday to agree on a new government a day after the country’s president and prime minister offered to resign in the country’s most chaotic day in months of political turmoil, with

As Dubai Gold Rate remains under Dh200/g, UAE shoppers keep buying

Gulf News | 2022-07-10, 08:14

Dubai: This week UAE residents were celebrating Eid Al Adha, and buying gold as shoppers decided a price below Dh200 a gram for the 22K variety was the right moment. The Dubai Gold Rate is at Dh198.25, a slight gain on the Dh197.75 on July 8. “The price

Epic court battle could decide fate of Elon Musk-Twitter saga

Straits Times | 2022-07-10, 08:08

July 10, 2022 2:48 PM NEW YORK (NYTIMES) - Now that

NMDC keen to invest in green energy capacities: CMD

Business Line | 2022-07-10, 07:34

Mining major NMDC has plans to invest in the

Macro data, Q1 earnings, global cues to dictate market trend this week: Analysts

Business Line | 2022-07-10, 07:34

Trading activity in the domestic equity market this week

US dollar surges, almost at par with euro, here's how it impacts the economy

Khaleejtimes | 2022-07-10, 07:24

The rise threatens to hurt American companies because their goods become more expensive for foreign buyers The US dollar has been surging so much that it's nearly equal in value to the euro for the first time in 20 years. That trend, though, threatens to hurt

Face-Recognition Business Puts SoftBank Between China, US

The Epoch Times | 2022-07-10, 07:14

TOKYO—A SoftBank-owned company is thriving by offering face-recognition technology fuelled by a blacklisted

Stock market minnows lag behind; take bigger hit than blue-chips | Mint

Live Mint | 2022-07-10, 06:44

Falling up to 13 per cent this year so far, BSE smallcap and midcap stocks have lagged behind the benchmark Sensex as experts said these indices had climbed more than the frontline index during the "good times" and a deeper correction is natural in the current

US inflation set to touch new 4-decade high as Fed looks at steep rate hike

Gulf News | 2022-07-10, 06:37

US inflation data in the coming week may stiffen the resolve of Federal Reserve policy makers to proceed with another big boost in interest rates later this month. The closely watched consumer price index probably rose nearly 9 per cent in June from a year

CRV Price Analysis: Potential Pullback may Encourage Prices to Break $1

CoinGape | 2022-07-10, 06:02

While the majority of cryptocurrencies are witnessing

Fidelity Analyst: Bitcoin Is Cheap — Ethereum Could Be Near Bottom

Bitcoin | 2022-07-10, 02:53

Fidelity’s director of Global Macro has shared his bitcoin and ether price outlook. His analysis shows that bitcoin is cheap but ether could be even cheaper. “Ethereum could be close to a bottom,” he added. Fidelity’s Director on

Bitcoin briefly above $22,500, experts remain wary | Mint

Live Mint | 2022-07-10, 02:50

After being in the red for over a month, the largest digital currency by market capitalization, Bitcoin (CRYPTO: BTC), has pared some of its losses and is trading up

Canada will return repaired turbine for Nord Stream 1, expand sanctions on Russia

Reuters | 2022-07-10, 02:30

OTTAWA, July 9 (Reuters) - Canada will return a repaired Russian turbine to Germany needed for maintenance on the Nord Stream 1 gas pipeline, Canada's minister of natural resources said in a statement on Saturday. The Canadian government, which is issuing

Recession Has Arrived: Depth And Duration Dependent On The Fed

Forbes | 2022-07-10, 01:55

The Employment Report The media, including some in the economics profession, have concluded that the “economy is strong” and there won’t be a Recession, all based on a single number from Friday’s Payroll Survey. ...

Abbott Says It Has Reopened Michigan Baby Formula Plant

The Epoch Times | 2022-07-10, 01:49

Abbott Laboratories has reopened its Sturgis, Michigan baby formula plant, which was shut last month

Avenue Supermarts’ profit rises 490% to Rs 680 crore in Q1

Financial Express | 2022-07-10, 01:40

Avenue Supermarts, the operator of DMart retail stores, on Saturday reported a profit after tax (PAT) of Rs 679.64 crore in Q1FY23, a jump of about 490% from Rs 115.13 crore year-on-year (YoY). The growth — that came on the back of a strong top line — was


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