A2 Hosting Holiday Sale 2021

US weekly jobless claims fall less than expected

Jun 24, 2022

The number of Americans filing new claims for unemployment benefits fell less than expected last week, hinting at some cooling in the labor market, though conditions remain tight. Initial claims for state unemployment benefits slipped 3,000 to a seasonally adjusted 229,000 for the week ended June 11, the Labor Department said on Thursday. Economists polled by Reuters had forecast 215,000 applications for the latest week. The decline partially reversed the prior week's jump, which had lifted fi ...read more

Agnipath protests: Union Minister defend scheme; ask students not to be 'deceived'

Jun 24, 2022

Amid students' protests over the Agnipath scheme for recruitment into the armed forces, Union ministers and chief ministers of the BJP-led states defended the step on Thursday, saying it will open new avenues for youngsters, and urged them to keep away from those inciting them. Union minister Ashwini Choubey, a senior Bharatiya Janata Party (BJP) leader from Bihar where the protests started on Wednesday, claimed that some people are using students for their own political gains, an apparent refe ...read more

Oil rebounds as new Iran sanctions fuel more supply concerns

Jun 24, 2022

Please try another search Commodities 6 minutes ago (Jun 16, 2022 12:41PM ET) © Reuters. FILE PHOTO: Yang Mei Hu oil products tanker owned by COSCO Shipping gets moored at the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia June 13, 2022. REUTERS/Tatiana Meel By David Gaffen NEW YORK (Reuters) - Oil prices rebounded from earlier losses after the United States announced new sanctions on Iran, and as supply ...read more

Agnipath protests: Union Ministers defend scheme; ask students not to be 'deceived'

Jun 24, 2022

Amid students' protests over the Agnipath scheme for recruitment into the armed forces, Union ministers and chief ministers of the BJP-led states defended the step on Thursday, saying it will open new avenues for youngsters, and urged them to keep away from those inciting them. Union minister Ashwini Choubey, a senior Bharatiya Janata Party (BJP) leader from Bihar where the protests started on Wednesday, claimed that some people are using students for their own political gains, an apparent refe ...read more

Indians' funds in Swiss banks jump 50% to over Rs 30k cr in 2021; customer deposits up too

Jun 24, 2022

Funds parked by Indian individuals and firms in Swiss banks, including through India-based branches and other financial institutions, jumped to a 14-year-high of 3.83 billion Swiss francs (over Rs 30,500 crore) in 2021 on a sharp surge in holdings via securities and similar instruments while customer deposits rose as well, annual data from Switzerland's central bank showed on Thursday. The rise in aggregate funds of Indian clients with Swiss banks, from 2.55 billion Swiss francs (Rs 20,700 cror ...read more

Priyanka Chopra is helping Bumble expand in India

Jun 24, 2022

Top business news Now playing Men swipe right, but women make the first move Now playing The Fed anticipates more rate increases after announcing biggest hike in 28 years CNN Now playing What the interest rate hike means for you Now playing 94% of women executives have this is common Now playing Video: Bill Gates mocks Bored Ape NFT's Now playing Realtor.com chief economist share ...read more

Canadian stocks hit 14-month low, loonie dips on recession worries

Jun 24, 2022

Please try another search Economy 10 minutes ago (Jun 16, 2022 03:36PM ET) © Reuters. The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada January 23, 2019. REUTERS/Chris Helgren By Fergal Smith TORONTO (Reuters) - Canada's main stock index slumped on Thursday to its lowest level in 14 months and its currency weakened as investors grew more worried that aggressive central bank interest ra ...read more

RBI turns net buyer of US currency in April; buys $1.9 bn

Jun 24, 2022

The Reserve Bank of India (RBI) turned net purchaser of the US currency in April, after it bought USD 1.965 billion from spot market, according to RBI's monthly bulletin for June. In the reporting month, RBI bought USD 11.965 billion and sold USD 10 billion in the spot market, the bulletin released on Thursday showed. In March 2022, RBI had net sold USD 20.101 billion. It had purchased USD 4.315 billion and sold USD 24.416 billion in the spot market, the data showed. During the fiscal 2022, th ...read more

Nio Confirms New Plant for Battery Swap Stations in Europe

Jun 24, 2022

© Reuters Nio (NIO) Confirms New Plant for Battery Swap Stations in Europe Nio (NYSE:) held a communications event with some users in Hefei Thursday morning where the company was able confirm a new European plant to produce battery swap stations. As initially reported by EV on April 15, the EV maker started looking for a EU Plant Manager in Hungary last April. The company aims to produce Battery Swap Stations (BSS) and Charging Piles in Europe to avoid exporting costs from China. When as ...read more

Litecoin Falls 10% In Rout

Jun 24, 2022

Cryptocurrency 36 minutes ago (Jun 16, 2022 06:05PM ET) © Reuters Litecoin Falls 10% In Rout Investing.com - was trading at $45.190 by 18:04 (22:04 GMT) on the Investing.com Index on Thursday, down 10.18% on the day. It was the largest one-day percentage loss since June 16. The move downwards pushed Litecoin's market cap down to $3.213B, or 0.36% of the total cryptocurrency market cap. At its highest, Litecoin's market cap was $25.609B. Litecoin had traded in a range of $44.510 t ...read more

Bitcoin Falls 10% In Selloff

Jun 24, 2022

Cryptocurrency 48 minutes ago (Jun 16, 2022 07:17PM ET) © Reuters. Bitcoin Falls 10% In Selloff Investing.com - was trading at $20,244.1 by 19:16 (23:16 GMT) on the Investing.com Index on Thursday, down 10.34% on the day. It was the largest one-day percentage loss since June 13. The move downwards pushed Bitcoin's market cap down to $388.7B, or 44.13% of the total cryptocurrency market cap. At its highest, Bitcoin's market cap was $1,275.5B. Bitcoin had traded in a range of $20,2 ...read more

ShareChat raises $255 mn from Google, Times Group, others; valuation at $5 bn

Jun 24, 2022

Home-grown social media company ShareChat on Thursday said it has raised USD 255 million in funds from Google, Times Group, and Temasek, and reached USD 5 billion in valuation with its multi-tranche funding round. In the first part of the round, ShareChat had raised USD 266 million in December 2021 from Alkeon Capital, Temasek, HarbourVest, Moore Strategic Ventures, and India Quotient. ShareChat (Mohalla Tech) in a statement said it has closed multi-tranche funding round through which it raised ...read more

BOJ to maintain ultra-low rates, sound warning over weak yen

Jun 24, 2022

Please try another search Economy 21 minutes ago (Jun 16, 2022 09:16PM ET) 3/3 © Reuters. FILE PHOTO: A man wearing a protective mask stands in front of the headquarters of Bank of Japan amid the coronavirus disease (COVID-19) outbreak in Tokyo, Japan, May 22, 2020.REUTERS/Kim Kyung-Hoon/ 2/3 By Leika Kihara TOKYO (Reuters) -The Bank of Japan is likely to maintain ultra-low interest rates on Friday and stress its resolve to support a fragile ...read more