The domestic currency has lost 128 paise in the eight trading sessions to Thursday. The Indian rupee continued its downward journey on Thursday, sliding another 76 paise to close below the 74 per U.S. dollar level, tracking a strong greenback overseas after the U.S. Federal Reserve surprised the market by signalling rate hike sooner than expected. At the interbank forex […]
Read moreIs the Bitcoin bullish streak over? CoinShares chief strategy officer Meltem Demirors and Defiance ETF CIO Sylvia Jablonski on the latest headlines surrounding Bitcoin and cryptocurrencies. Bitcoin was trading more than 1% lower on Thursday morning. The price was around $39,395 per coin, while rivals Ethereum and Dogecoin were trading lower at around $2,452 and 31 cents per coin, respectively, […]
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(Reuters) – Federal Reserve officials, increasingly confident the U.S. economy is fast recovering from the pandemic-induced recession, have begun telegraphing an exit from the central bank’s extraordinarily easy monetary policy that so far is smoother and signaled to be speedier than when the reins were tightened after the last crisis.FILE PHOTO: Federal Reserve Chair Jerome Powell holds a news conference […]
Read more(Adds detail) LONDON, June 17 (Reuters) – Dr. Martens, the classic British boot brand that listed its shares in January, on Thursday reported a 22% rise in annual core earnings with online sales helping to soften the hit from COVID-19-related store closures. The group, known for its chunky boots with yellow stitching, made earnings before interest, tax, depreciation and amortisation […]
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On June 16, the rupee had settled at 73.32 against the U.S. dollar The Indian rupee slipped 33 paise to 73.65 against the U.S. dollar in early trade on June 17, amid the strengthening of the greenback in the overseas market. At the interbank foreign exchange, the domestic unit opened at 73.65 against the dollar, registering a decline of 33 […]
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(Reuters) – The eight leading candidates seeking the Democratic nomination for New York City mayor exchanged jabs on Wednesday over public safety, housing and homelessness at the final televised debate before Tuesday’s primary election.Slideshow ( 5 images )But with the race lacking a definitive favorite six days before Election Day, the two-hour debate seemed unlikely to fundamentally alter the contours […]
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(Reuters) -Searing heat across the U.S. Southwest this week boosted electricity demand and prices to record highs and prompted power grid operators in Texas and California to urge energy conservation to avoid outages.FILE PHOTO: Power lines are shown in California ahead of a heave wave in 2020, in Carlsbad, California, U.S., August 17, 2020. REUTERS/Mike Blake/File PhotoGrid operators in Texas […]
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(Reuters) -World stock markets hovered near record highs on Wednesday as investors braced for any signs the Federal Reserve is preparing a more hawkish stance in response to inflation data, and oil prices hit their highest since April 2019 on recovering demand.FILE PHOTO: Pedestrians leave and enter the London Stock Exchange in London, Britain August 15, 2017. REUTERS/Neil HallStocks have […]
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FiLE PHOTO: A “For Sale” sign is posted outside a residential home in the Queen Anne neighborhood of Seattle, Washington, U.S. May 14, 2021. REUTERS/Karen Ducey(Reuters) – Fannie Mae on Wednesday cut its forecast for home sales in the second and third quarters of 2021, blaming a lack of listings and a slowing pace of new construction. The No. 1 […]
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