China has issued new general export licenses for rare earth shipments, easing months of disruption caused by tighter controls. This move, following the Trump-Xi summit, allows year-long permits for specific customers, particularly in the auto sector. While easing some pressures, differences remain between Beijing and Washington regarding the extent of these changes.
Investors who followed Michael Saylor’s Bitcoin strategy are now facing heavy losses. Strategy Inc.’s stock has seen a sharp decline, causing leveraged funds tied to it to unwind. This has erased previous gains and is impacting asset retention for funds tracking the company’s volatile Bitcoin bets.
Chinese electronics giants like Oppo and Vivo are increasingly relying on loans from their group companies to fund Indian operations. This shift to external commercial borrowings (ECBs) stems from roadblocks in securing equity funding due to Press Note 3 (PN3) rules and regulatory actions, making bank loans difficult. The funding challenges are impacting expansion plans…
Gold prices saw a dip on Tuesday. Traders decided to book profits after recent gains. This pullback ended a strong run for the yellow metal. Domestic prices mirrored global market movements. Gold futures on Comex also slipped. Analysts suggest this correction is due to profit-taking after prices reached multi-week highs. Investors are anticipating a US…
The government has confirmed no current plans for merging public sector banks. Foreign Direct Investment limits in banks have been detailed. The sale of IDBI Bank is proceeding as planned, with significant stakes being divested by the government and LIC. Regional Rural Banks have shown strong financial performance, achieving record profits.
Indian refiners are now securing non-sanctioned Russian crude at attractive discounts, with some deals fetching $5 per barrel below Dated Brent. This strategic shift follows US sanctions on major Russian oil firms. While overall imports remain controlled, select companies are resuming purchases, navigating evolving sanctions and ongoing trade discussions with Washington.
Bajaj Housing Finance shares hit a 52-week low on Tuesday following reports of a block deal where promoter Bajaj Finance is believed to have offloaded a 2.35% stake. Despite steady financial performance and an 18% profit rise in Q2FY26, the stock has fallen 23% since its September 2024 listing.
Gold price prediction: Gold prices are poised for a near-term rise, driven by surging expectations of a Federal Reserve rate cut and ongoing economic concerns. Analysts highlight strong ETF inflows and a potential all-time high for gold, while silver also shows significant gains amid inventory shortages and a favorable gold-silver ratio.
Apple has hired Google veteran Amar Subramanya as its new VP of AI to bolster its lagging ambitions. Subramanya, who previously led AI efforts at Microsoft, brings expertise in foundation models and machine learning. This move highlights the intense talent war in Silicon Valley as Apple seeks to catch up with rivals in the AI…
Starbucks will pay $35 million to over 15,000 New York City workers following claims of unpredictable shifts. This settlement, alongside a $3.4 million penalty, comes amid a nationwide union strike demanding better staffing and stable hours. The coffee giant also agreed to comply with the city’s Fair Workweek law, aiming to address worker grievances after…
