Banks in India close on various occasions, including national and regional holidays, as well as specific days mandated by the Reserve Bank of India (RBI). According to RBI regulations, all scheduled and non-scheduled banks remain closed on the second and fourth Saturdays of each month. Are banks open today? Since May 17 falls on the…
Moodyâs Investors Service downgraded the United Statesâ sovereign credit rating on Friday, citing rising concerns over the nation’s growing $36 trillion debt burden. The credit rating agency lowered the US government’s long-standing rating by one notch to âAa1â from âAaaâ and revised its outlook to âstableâ from ânegative.â Moodyâs had maintained the United Statesâ top-tier…
(Bloomberg) — An exchange founded by Commerce Secretary Howard Lutnick is set to start the long-awaited trading of US Treasury futures next week in a blow to CME Group Inc., which dominates that market. FMX Futures Exchange will launch its US Treasury futures as soon as Monday, according to people familiar with the matter, who…
TSX ends up 0.3% at 25,971.93 Eclipses Thursday’s record high MEG Energy biggest gainer after takeover bid Investors remain cautious May 16 – Canada’s main stock index hit a record high on Friday, closing firmer for a sixth consecutive week, as worries about a global trade war eased after the U.S.-China tariff truce over the…
HOUSTON -Oil settled higher on Friday, notching a second straight week of gains on easing U.S.-China trade tensions, although prices were held back by expectations of higher supply from Iran and OPEC . Brent crude futures settled up 88 cents, or 1.4%, at $65.41 per barrel, while U.S. West Texas Intermediate crude futures closed 87…
CHICAGO, May 16 (Reuters) – Chicago Mercantile Exchange live cattle and feeder cattle futures rebounded on Friday on short covering and technical trading after a selloff in the previous session, traders said. Cattle futures have also been underpinned by strong boxed beef prices and a tight cattle supply. Futures prices set all-time highs earlier in…
NEW DELHI : Nasdaq-listed ReNew Energy Global Plc on Friday announced an investment of âš22,000 crore to set up a hybrid renewable energy project in Andhra Pradesh. The 2.8 GW project including 1.8 gigawatt of solar, 1 GW wind, and a battery energy storage system (BESS) of 2 gigawatt hour (GWh) will be set up…
Wall Street was lower on Friday though global equities were still poised for weekly gains, as upbeat earnings helped sustain the rally sparked by a U.S.-China trade truce. Oil prices remain relatively low, further supporting stocks and bonds. U.S. consumer sentiment slumped further in May as one-year inflation expectations surged as households remained concerned about…
Danish pharmaceutical company Novo Nordisk A/S, maker of blockbuster weight loss drug Wegovy, said Friday its CEO was stepping down by âmutual agreementâ with the company’s board of directors, citing ârecent market challengesâ and a steep decline in the company’s share price. Lars Fruergaard Jorgensen’s departure comes a week after the company downgraded its sales…
On April 4, 2025, the Trump administration formally announced the reintroduction of sweeping âreciprocal tariffs.â These proposed duties aimed to match or exceed the import tariffs other nations impose on American goods. Despite their aggressive tone, they have deferred their actual implementation by 90 days, bringing the effective date to early July 2025. This delay…
