Finance
Fire engulfs Russian Baltic sea gas terminal

The incident comes amid reports of yet another Ukrainian drone raid on Russian infrastructure A fire has erupted at the export terminal of Novatek, Russia’s second-largest natural gas producer, the governor of Leningrad region Alexander Drozdenko confirmed early Sunday morning. There were no casualties reported as a result of the blaze in the commercial Baltic […]

Updated: Jan 21, 2024
U.S. stocks advance with Dow, S&P 500 hitting record highs

NEW YORK, Jan. 19 (Xinhua) — U.S. stocks ended higher on Friday, pushing the S&P 500 and the Dow to new heights, fueled by surging tech stocks and bets that the Federal Reserve will cut interest rates this year. The Dow Jones Industrial Average rose 395.19 points, or 1.05 percent, to 37,863.8, breaking its own […]

Updated: Jan 19, 2024
Stock market bounces back, trades in green at opening bell led by tech surge and global momentum

Mumbai (Maharashtra) [India], January 19 (ANI): The stock market rebounded after closing in the red on Thursday, as the benchmark indices traded in the green on Friday, showing resilience and maintaining an upward momentum. The Sensex and Nifty posted substantial gains, reflecting positive sentiment in the market. Sensex opened 623.40 points up at 71,843.26, while […]

Updated: Jan 19, 2024
Market exchange rates in China — Jan. 18

BEIJING, Jan. 18 (Xinhua) — The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 25 major currencies announced on Thursday by the China Foreign Exchange Trade System: Currency Unit Central parity rate in yuan U.S. dollar 100 711.74 Euro 100 777.37 Japanese yen 100 4.8265 Hong Kong dollar […]

Updated: Jan 18, 2024
Global economies brace for impact as interest rates remain in uncharted territory

Davos [Switzerland], January 17 (ANI): The recent Chief Economist Outlook survey indicates a continuing ease in global inflation in 2024, prompting speculation about the trajectory of interest rates for the year. Central banks worldwide, over the last two years, implemented their steepest interest-rate increases in two decades to counter inflation. While expectations for high inflation […]

Updated: Jan 17, 2024
Market exchange rates in China — Jan. 16

BEIJING, Jan. 16 (Xinhua) — The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 25 major currencies announced on Tuesday by the China Foreign Exchange Trade System: Currency Unit Central parity rate in yuan U.S. dollar 100 711.34 Euro 100 780.30 Japanese yen 100 4.8934 Hong Kong dollar […]

Updated: Jan 16, 2024
Market exchange rates in China — Jan. 15

BEIJING, Jan. 15 (Xinhua) — The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 25 major currencies announced on Monday by the China Foreign Exchange Trade System: Currency Unit Central parity rate in yuan U.S. dollar 100 710.84 Euro 100 779.75 Japanese yen 100 4.9138 Hong Kong dollar […]

Updated: Jan 15, 2024
Russia fires barrage of 40 missiles, drones on Ukraine, alleges Kyiv

Kyiv [Ukraine], January 13 (ANI): A barrage of 40 missiles and drones were unleashed upon Ukraine by Russia overnight on Saturday, in the fourth such attack since December 29, CNN reported. This attack has come amid concerns that Moscow is trying to overwhelm Ukraine’s air defence. The Russian assault was comprised of 40 attack weapons, […]

Updated: Jan 13, 2024
U.S. stocks end mixed as weak banking earnings dent sentiment

NEW YORK, Jan. 12 (Xinhua) — U.S. stocks ended mixed on Friday, as major bank earnings reports failed to ignite momentum for a strong quarterly earnings season. The Dow Jones Industrial Average fell by 118.04 points, or 0.31 percent, to 37,592.98. The S&P 500 added 3.59 points, or 0.08 percent, to 4,783.83. The Nasdaq Composite […]

Updated: Jan 13, 2024
U.S. stocks end mixed on strong-than-expected CPI report

NEW YORK, Jan. 11 (Xinhua) — U.S. stocks ended mixed on Thursday, as U.S. Consumer Price Index(CPI) for December 2023 edged higher. The Dow Jones Industrial Average rose 15.29 points, or 0.04 percent, to 37,711.02. The S&P 500 sank 3.21 points, or 0.07 percent, to 4,780.24. The Nasdaq Composite Index increased 0.54 points to 14,970.19. […]

Updated: Jan 11, 2024