Latest business news
(Bloomberg) — Saudi Arabia’s sliding stocks are on course to be the worst performers globally this month as falling oil prices prompt concerns of slower spending on mega projects in the kingdom. The Tadawul All Share Index has slumped 6.4% in May as of Tuesday’s close, the most among 92 equity benchmarks tracked by Bloomberg….
(Bloomberg) — US bonds, stocks and the dollar dropped after Moody’s Ratings stripped the government of its top credit rating, reinforcing concern about the status of American assets. Gold rose. S&P 500 contracts fell 1.3%, with investors cooling on equities after a five-day winning streak. European and Asian shares also dropped. The yield for 30-year…
(Bloomberg) — Software company Globant SA suffered a record intraday decline after blaming its disappointing first-quarter results on the ripple effects of US tariffs. Globant shares plunged as much as 33.7% on Friday to $88.03, the worst drop since the company went public in 2014, before paring some of those losses. So far this…
(Bloomberg) — The US Justice Department told a federal judge in Texas it hasn’t decided whether to enter into an agreement with Boeing Co. that would drop a criminal charge related to two fatal 737 Max crashes, and that federal prosecutors are giving the families of victims another chance to weigh in. Government lawyers briefed…
Gold price today: Gold is not shining as bright as it once was, as a trade truce between the US and China — the world’s two largest economies — has spurred the risk-taking appetite of investors. After hitting an all-time high levels of ₹99,358 per 10 grams, the June contracts have lost ₹7,347 or 7.4%…
Netflix, Walt Disney, and other media stocks drop on Wall Street after Trump announces 100% tariffs on foreign movies
Oyo Hotels has delayed its initial public offering (IPO) plans for the third time amid opposition from its largest shareholder, SoftBank Group Corp., and continued market volatility, Bloomberg News reported on Friday. The company first filed for the IPO in 2021, seeking a valuation of up to $12 billion. In March 2023, it renewed its…
Gold’s retail demand in India rose due to Akshaya Tritiya, dealers say Chinese markets closed for Labour Day holiday from May 1-5 Premiums of $2-$2.50/oz charged in Singapore this week By Rajendra Jadhav and Anushree Mukherjee May 2 (Reuters) – Gold started trading in premium in India this week for the first time in five…
(Bloomberg) — The US banking system’s reserves, a key factor in the Federal Reserve’s decision to keep shrinking its balance sheet, tumbled to the lowest in nearly four months. Bank reserves fell by about $209 billion to $3 trillion in the week through April 30, according to Fed data released on Thursday. That’s the lowest…
RBL Bank share price today: Despite a sharp drop of over 80% in its consolidated net profit for Q4FY25 (March quarter), RBL Bank’s share price kicked off Monday’s trading session positively and continued to build on gains during early trade, spiking 7% to the day’s high of ₹201.25 per share. Even with the significant fall…