Market News Top Global News EU to UK: “Don’t take the cake and eat it too” – Top10 Global News 1. Treasuries Slump With Dollar Amid Stimulus Bets Treasuries slid alongside the dollar amid speculation that Washington lawmakers will make progress on talks for stimulus legislation to be financed by trillion-dollar borrowing. U.S. stocks were little changed. The U.S. 10-year treasury yield broke above 0.8% to the highest since June and European yields also rose […] Written by Jaseel Muhammed October 21, 2020October 21, 2020
Market News Top 10 News Top Global News Google faces Lawsuit for Abuse of Power – Top 10 Global News 1. U.S. Stocks Advance on Stimulus Hope U.S. stocks rose as lawmakers race to finalize a stimulus deal before the Nov. 3 election. The S&P 500 rebounded from Monday’s selloff over reported differences in stimulus negotiations. Overnight gains faded after the U.S. Justice Department said it was poised to sue Google for allegedly abusing its […] Written by Jaseel Muhammed October 20, 2020October 20, 2020
Market News Top Global News Yusuff Ali’s Lulu Group win $1 billion investment – Top10 Global News 1. U.S. Stocks Advance on Stimulus Hope U.S. stocks rose on fresh optimism over stimulus talks in Washington, even as a grim milestone highlighted the pandemic’s threat to global economic growth. Treasuries slipped along with the dollar. The S&P 500 Index advanced for a second day today, boosted by apparent progress on a spending package […] Written by Jaseel Muhammed October 19, 2020October 19, 2020
Market News Top Global News Jack Ma Readies World’s Largest IPO – Top 10 Global News 1. Jack Ma’s Ant Group Raises IPO Valuation Target to $280 Billion Ant Group plans to increase the valuation target for its initial public offering to at least $280 billion due to strong demand, charging ahead with the sale even as the Trump administration weighs restrictions on the Chinese fintech giant. The company is lifting […] Written by Jaseel Muhammed October 16, 2020October 16, 2020
Market News Top Global News Global Markets Fall as London Goes In to Lockdown – Top 10 Global News 1. U.S. Futures Drop on Jobless Data, Waning Stimulus Hope U.S. stock futures slumped after jobless claims posted an unexpected increase amid waning prospects for more stimulus before the November election. Treasuries and the dollar rose. Risk assets also fell as Europe’s biggest cities clamped down to curb the virus, with central bank officials seeing […] Written by Jaseel Muhammed October 15, 2020October 15, 2020
Market News Top Global News iPhone 12 launch wins Praise – Top10 Global News 1. U.S. Stocks Advance as Earnings From Big Banks Roll In Stocks rose as earnings from big banks showed the trend for bad loans has stabilized, tempering concern over dwindling prospects for a pre-election stimulus deal. The S&P 500 extended this week’s rally, led by energy, industrial and technology shares. The KBW Bank Index rebounded […] Written by Jaseel Muhammed October 14, 2020October 14, 2020
Market News Top Global News COVID Vaccine Trials Cause Unexplained Illness – Top10 Global News 1. Futures Edge Lower as Earnings Roll In; Bonds Gain U.S. futures drifted lower with European stocks as investors weighed a potential setback on progress toward a coronavirus vaccine ahead of a busy period for corporate earnings. The dollar and Treasuries advanced. S&P 500 futures and options traded lower after falling as much as 0.6% […] Written by Jaseel Muhammed October 13, 2020October 13, 2020
Market News Top Global News China to test 90 lakh people in 5 days – Top10 Global News 1. European Stocks Rise With U.S. Futures; Yuan Falls Global stocks and U.S. futures rose as investors focused on the beginning of earnings season and the prospect for more economic stimulus. The Europe Stoxx 600 Index gained 0.7%, Nasdaq 100 Index futures added 1.4% and the MSCI Asia Pacific Index rallied to the highest since […] Written by Jaseel Muhammed October 12, 2020October 12, 2020
Market News Top Global News U.S. Debt Now Larger than U.S. Economy – Top 10 Global News 1. China predicted to report 2.3% positive GDP growth A European economic research report expects China to be the only major economy to report positive growth in 2020, while the global economy is predicted to shrink by 4.4%, signalling a steady recovery for the world’s second-largest economy in the post-pandemic era. The economies of the […] Written by Jaseel Muhammed October 9, 2020October 9, 2020
Top Global News Amazon goes to war with Reliance – Top10 Global News 1. China’s Financial Markets Set for Calm Start After 8-Day Break Chinese financial markets will trade for the first time this month on Friday. The Chinese yuan is up 0.7% in offshore (outside China) trading since its onshore (within China) counterpart last traded on Sept. 30, signalling more gains are ahead after the currency’s best […] Written by Jaseel Muhammed October 8, 2020October 8, 2020
Top Global News Trump’s Tweets Shake Global Markets – Top 10 Global News 1. Trump’s Tweets Shake Global Markets Again Global markets were shaky in the early hours of Wednesday after President Donald Trump unleashed 40+ conflicting Twitter posts. Most Asian currencies crept lower amid uncertainty over the next round of U.S. stimulus. Trump’s tweets and retweets are boosting market volatility, which has already picked up this month […] Written by Jaseel Muhammed October 7, 2020October 7, 2020
Top Global News 50 Crore Chinese Restart Travelling – Top 10 Global News 1. Trump’s reckless return to White House amidst warnings The White House has become a breeding ground for viral contagion with at least 11 of the President’s staff either contracting the virus or — in the case of his daughter Ivanka — are working from home. Entire suites of offices sit vacant as Trump’s staff […] Written by Jaseel Muhammed October 6, 2020October 6, 2020
Tier-2 Lockdown Declared in London. Is it as Serious as it Sounds? Why the Lockdown? The number of coronavirus cases in the United Kingdom is showing a huge spike. As of October 15th, the country has recorded more than 6,57,000 cases of Covid-19, with 43,245 related deaths, as per official data compiled by John Hopkins University. The infection rates are increasing, with the number of cases doubling […] Written by Cherian Varghese October 19, 2020October 19, 2020
The infamously famous Satyam Scam – The Whole Story Immediate rise after the Birth Satyam Computer Services Limited was one of the biggest IT companies in India during the 2000s. It was started by Ramalinga Raju in 1987. Satyam used to offer various products and services related to software development, business intelligence and data warehousing, consulting and enterprise solutions. Rapidly, the organisation moved from […] Written by Sanidhya Bhardwaj October 17, 2020October 17, 2020
TCS: Tata Group’s Cash Cow TCS has become one of the top IT companies in the world. Even though we have heard of the company, most of us are not really aware of the services that they provide, or the scale at which they operate. It is important to know certain relevant details and facts of a company, before investing […] Written by Cherian Varghese October 16, 2020October 16, 2020
