financial markets

Everyone seems to want a piece of Fred Sharp, the self-styled private banker from West Vancouver who built a huge network of offshore companies that facilitated, according to U.S. court findings, a billion-dollar series of pump-and-dump…

Wall Street was mixed and the dollar rebounded on Wednesday as Federal Reserve Chair Jerome Powell suggested two more interest rate hikes are probably in the cards.The Nasdaq advanced, powered by megacap momentum stocks, while the S&P…

Three Florida men were arrested Thursday on charges alleging they illegally made more than $22 million by insider trading ahead of the public announcement that an acquisition firm was going to take former President Donald Trump’s media…

UBS Group is preparing to reduce more than half of the Credit Suisse Group's workforce following the emergency takeover of the bank. The impact of these job cuts is expected to be felt primarily by bankers, traders, and support staff in…

U.S. stocks advanced in a broad rally on Tuesday, and the dollar softened as robust economic data eased recession fears and stoked investors’ risk appetite.All three major U.S. stock indexes closed well into positive territory, with…

Last Updated: June 15, 2023, 00:16 ISTWashington D.C., United States of America (USA)Federal Reserve Board Chair Jerome Powell speaks during a news conference at the Federal Reserve, Wednesday, March 22, 2023, in Washington. (AP File…

Last Updated: June 15, 2023, 00:27 ISTWashington D.C., United States of America (USA)Near 1825 GMT, the Dow Jones Industrial Average fell 1.3 percent, while the Nasdaq lost 0.8 percent.The US central bank, as expected, opted to hold its…

CHENNAI: The US Fed’s move to keep interest rates unchanged, but signalling new economic projections with borrowing costs likely rise by another half a percentage point by yearend, will not have a major impact on the Indian economy, chief…

Last Updated: June 03, 2023, 02:02 ISTNew York, United States of America (USA)U.S. drillers have been cutting back on drilling for months due to an 11% drop in U.S. crude prices and a 51% drop in natural gas futures since the start of the…

Stock markets have been on the rise since Thursday last week. Sensex advanced by 1,195 points or 2% while Nifty rose by 348 points or 2.26% in the four-day rally. File | Photo Credit: Reuters Benchmark BSE Sensex rose by 123 points while…