Bank Of Canada Lowers Interest Rates By A Quarter Point
[ad_1] After leaving interest rates unchanged for three straight meetings, the Bank of Canada on Wednesday announced its widely expected decision to lower rates by a quarter point. The Bank of Canada said it decided to reduce its target for the overnight rate by 25 basis points to 2.5 percent, with the Bank Rate at 2.75 percent and the deposit
U.S. Stocks Turning In Mixed Performance Ahead Of Fed Announcement
[ad_1] After ending the previous session slightly lower, the major U.S. stock indexes have moved in opposite directions during trading on Wednesday. While the Dow has shown a notable move back to the upside, the tech-heavy Nasdaq is extending the modest pullback seen over the course of Tuesday’s session. Currently, the Dow is up 280.79 points or 0.6 percent at
U.S. Crude Oil Inventories Plunge Much More Than Expected
[ad_1] The Energy Information Administration released a report on Wednesday showed U.S. crude oil inventories pulled back much more than expected in the week ended September 12th. The report said crude oil inventories plunged by 9.3 million barrels last week after jumping by 3.9 million barrels in the previous week. Economists had expected crude oil inventories to dip by 1.5
U.S. Housing Starts Pull Back Much More Than Expected In August
[ad_1] After reporting significant increases in new residential construction in the U.S. over the two previous months, the Commerce Department released a report on Wednesday showing housing starts pulled back by much more than expected in the month of August. The Commerce Department said housing starts plummeted by 8.5 percent to an annual rate of 1.307 million in August after
‘SpaceX’ cocaine: Australian pilot dies in plane crash; cops find 200kg of drugs
[ad_1] Image: X@/WorldCrimeIntel Approximately 200 kg of cocaine was found wrapped in fake SpaceX packaging after a plane crashed in remote Brazil. The pilot, an Australian, was discovered dead outside the aircraft after it went down in Coruripe, a coastal area along Brazil’s tropical shoreline.The pilot, identified as Timothy J. Clark, was the sole occupant of the aircraft. He was
WTO | 2025 News items
[ad_1] According to the report, AI could lead to significant increases in trade and GDP by 2040, with global trade projected to rise by 34-37% across different scenarios based on different degrees of policy and technological catch-up between low-, middle- and high-income economies. Global GDP could meanwhile see a 12-13% increase across different scenarios. Trade, in turn, can be a
Sebi leases Rs 7 lakh/month Mumbai luxury flat for chairman; regulator says deal within Board policy – check details here
[ad_1] The Securities and Exchange Board of India (Sebi) has leased a luxury apartment in Mumbai’s upscale Prabhadevi locality for its chairman at a monthly rent of Rs 7 lakh. The apartment will house Sebi Chairman Tuhin Kanta Pandey, who took charge on March 1 this year.According to Sebi, the arrangement follows its existing policy. “Sebi has a Board approved
Sweden Jobless Rate Rises To 8.4%
[ad_1] Sweden’s jobless rate increased for the first time in three months in August, figures from Statistics Sweden showed on Wednesday. The unadjusted unemployment rate climbed to 8.4 percent in August from 8.0 percent in July. In the same month last year, the jobless rate was 7.9 percent. The number of unemployed increased to 486,000 persons in August from 453,000
UK Inflation Steady At 3.8%
[ad_1] UK consumer prices logged a steady increase in August, the Office for National Statistics said on Wednesday. The consumer price index rose 3.8 percent on a yearly basis in August, the same rate of increase as seen in July and also matched economists’ expectations. The 3.8 percent inflation was the joint-highest recorded since January 2024, when the rate was
UK Inflation Steady At 3.8%
[ad_1] UK consumer prices logged a steady increase in August, the Office for National Statistics said on Wednesday. The consumer price index rose 3.8 percent on a yearly basis in August, the same rate of increase as seen in July and also matched economists’ expectations. The 3.8 percent inflation was the joint-highest recorded since January 2024, when the rate was
‘Quiet!’: Donald Trump snaps at Australian reporter over wealth question; tense exchange caught on camera
[ad_1] US President Donald Trump on Wednesday clashed with an Australian journalist after being questioned about his personal business dealings while serving as the POTUS. Trump accused the journalist of “hurting Australia” and warning he would “complain” about him to Anthony Albanese.The tense exchange took place on the White House lawn as Trump prepared to depart for the UK. John
European Economic News Preview: UK Inflation Data Due
[ad_1] Inflation data from the UK is the top economic news due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK consumer prices for August. Economists forecast consumer price inflation to remain unchanged at 3.8 percent. At 3.00 am ET, the State Secretariat for Economic Affairs publishes
PM Modi 75th birthday Live Updates: President Murmu extends greetings, hails his 'extraordinary leadership'
[ad_1] PM Modi 75th birthday Live Updates: BJP leaders, allies and members of other parties extended birthday wishes to Modi, who has led his party to unprecedented geographical expansion and electoral success since 2014. [ad_2] Source link
Grey market signals strong listing
[ad_1] Urban Company IPO Listing Live Updates: The IPO has garnered major investor attention, as seen from heightened activity in the unlisted market. The grey market premium (GMP) for the stock surged from ₹10 at the time of the issue launch to ₹50, indicating a strong 50% premium. Follow CNBC-TV18’s live blog to get all the latest updates on Urban
Constitutional, religious concerns remain unaddressed in Supreme Court’s interim order: Mirwaiz Umar Farooq
[ad_1] Mirwaiz Umar Farooq pointed out that the abolition of the long-recognised principle of “Waqf by user” threatens centuries-old mosques, shrines, graveyards, and community institutions that have functioned as waqf based on continuous use, even without deeds. File | Photo Credit: The Hindu Mirwaiz Umar Farooq, Kashmir’s chief cleric who heads Muttahida Majlis-e-Ulema (MMU), a conglomerate of religious organisations in Jammu
Japan Trade Data Due On Wednesday
[ad_1] Japan will on Wednesday release August numbers for imports, exports and trade balance, highlighting a modest day for Asia-Pacific economic activity. Imports are expected to slip 4.2 percent on year after falling 7.4 percent in July. Exports are called lower by an annual 1.9 percent after shedding 2.6 percent in the previous month. The trade deficit is pegged at
After Indore, patients allege rat bites at Jabalpur medical college; probe launched
[ad_1] According to officials, the incident at the psychiatry ward of Jabalpur’s Netaji Subhash Chandra Bose Medical College Hospital where two patients and an attendant were bitten by rats. Representational image. | Photo Credit: Getty Images/iStockPhoto Three people, including two patients, have been allegedly bitten by rats at a government medical college hospital in Madhya Pradesh’s Jabalpur, just two weeks
US Prez dials PM: Modi thanks ‘friend’ Trump for b’day wishes; assures ‘new height’ in India-US ties | India News
[ad_1] NEW DELHI: Prime Minister Narendra Modi on Tuesday thanked US President Donald Trump for his 75th birthday greetings during a phone call, in which he also backed Trump’s initiative for a peaceful resolution.PM Modi said he is “fully committed to taking the India-US Comprehensive and Global Partnership to new heights”. “Thank you, my friend, President Trump, for your phone
Twenty-Year Bond Auction Attracts Above Average Demand
[ad_1] The Treasury Department on Tuesday announced the results of this month’s auction of $13 billion worth of twenty-year bonds, revealing the sale attracted above average demand. The twenty-year bond auction drew a high yield of 4.613 percent and a bid-to-cover ratio of 2.74. Last month, the Treasury sold $16 billion worth of twenty-year bonds, drawing a high yield of
U.S. Business Inventories Rise 0.2% In July, In Line With Estimates
[ad_1] The Commerce Department released a report on Tuesday showing business inventories in the U.S. increased in line with expectations in the month of July. The report said business inventories rose by 0.2 percent in July, matching the increase seen June as well as economist estimates. The uptick came as manufacturing inventories climbed by 0.3 percent, retail inventories rose by
DG Okonjo-Iweala urges parliamentarians to step up support for multilateralism, WTO reform
[ad_1] Addressing parliamentarians from around the world at the Inter-Parliamentary Union (IPU) headquarters in Geneva on 16 September, Director-General Ngozi Okonjo-Iweala encouraged them to back WTO reform and stand firmly behind multilateral cooperation on trade as a means to improve their constituents’ living standards. The meeting of the Steering Committee of the Parliamentary Conference on the WTO was co-organized by
DG Okonjo-Iweala: Partnerships are vital for needs assessments to implement IFD Agreement
[ad_1] At a high-level dialogue on 16 September, Director-General Ngozi Okonjo-Iweala highlighted the benefits of the Investment Facilitation for Development (IFD) Agreement for developing and least-developed members. She also emphasized the importance of stronger partnerships to identify what is needed by these members to prepare for implementation of the Agreement. The event was co-hosted by the permanent missions of Chile
WTO hackathon showcases youth proposals on trade and food security
[ad_1] The WTO, in partnership with Geneva Trade Platform and CropLife International, hosted the finals of its first global policy hackathon on trade and food security on 16 September. The competition brought together 58 student teams from over 30 countries, challenging them to “hack” solutions for how international trade rules can contribute to ending hunger. Over two days, the teams
Seven Indian AMCs hold nearly $1 bn stake in Alphabet; PPFAS leads exposure
[ad_1] Alphabet Inc.’s entry into the elite $3 trillion market cap club on Monday (September 15) was cheered by investors worldwide, with the celebrations extending from Nasdaq to Dalal Street, where Indian mutual funds remain significant investors in Google’s parent. According to Bloomberg data, seven Indian fund houses collectively hold 3.7 million shares of Alphabet, valued at $934 million as
Ex-CM Baghel’s son ran syndicate, handled ₹1000 cr of ‘liquor scam’ proceeds, claims ED
[ad_1] Chaitanya Baghel, son of former CM Bhupesh Baghel, was at the helm of the syndicate behind the “liquor scam” in Chhattisgarh and personally handled nearly ₹1,000 crore generated from it, the ED has alleged in its prosecution complaint. The Enforcement Directorate (ED) has also claimed Chaitanya knowingly assisted in the concealment, possession, acquisition and use of proceeds of crime,