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Tag: Business News
Dow logs worst week since 2023 after softer-than-expected U.S. jobs report
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Boeing’s troubled Starliner undocks from ISS, begins journey home without NASA astronauts
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US Dollar holds steady after mixed NFPs
US Dollar recovers ground after mixed August Nonfarm Payrolls data. Fed official downplayed discussions of a larger rate cut in September than 25 bps. Markets are seeing 40% odds of a 50 bps cut in the next Fed meeting. The US Dollar Index (DXY), a measure of the US Dollar against a basket of six
Fed’s Goolsbee: There is an overwhelming Fed consensus for multiple rate cuts
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee noted on Friday that Fed officials are finally beginning to catch up with the broader market’s view that the time has come for movement from the US central bank on policy rates, but downplayed discussion of a larger opening cut in September. Key highlights The job
India enforces new Uniform Code for Marketing Practices in Medical Devices
This new code is set to overhaul industry practices by imposing stringent guidelines on promotional activities, ensuring transparency, and protecting healthcare professionals and patients. In a move to regulate the marketing practices in the medical devices industry, the Government on Friday, September 6, notified the Uniform Code for Marketing Practices in Medical Devices (UCMPMD) 2024.
Ujjain: Woman raped in broad daylight, bystanders film video to post online; Congress reacts
In a harrowing incident in Madhya Pradesh’s Ujjain, a woman scrap collector was raped by a man who had forced her to consume alcohol in the Agar Naka area. The crime came to light when a disturbing video of the assault went viral on social media. Police have identified three to four suspects who filmed
Vale, BHP, Samarco could close $18 billion deal over Brazil dam collapse, sources say
RIO DE JANEIRO (Reuters) -Mining companies Vale and BHP, together with their joint venture Samarco, may soon reach an agreement with Brazilian authorities to pay around 100 billion reais ($17.87 billion) for the collapse of a dam in the city of Mariana, said four sources familiar with the discussions. Three of the sources expect a
Ukraine forex reserves rise to $42.3 billion as of Sept 1
(Reuters) -Ukraine’s foreign currency reserves were up to $42.3 billion as of Sept. 1, the central bank said on Friday. The reserves grew by 13.7% over the past month, the bank said in a statement. The reserves stood at $37.2 billion as of Aug. 1. “Such dynamics were driven by large inflows from international partners
Crypto Blood Bath: Bitcoin Loses $54k Levels, No Bullish Action in Sight
Bitcoin experienced a sharp price fluctuation, first rising to $57,000 and then dropping below $55,000 after the release of the U.S. jobs report, triggering volatility in the crypto market. This sudden price swing led to nearly $50 million in liquidations within an hour. Major altcoins like Ethereum, Solana, Ripple’s XRP, and Cardano also saw losses