Stock market

High interest rate sentiment weighs on Wall Street and Australian markets

The Australian share market has been impacted by the downturn of Wall Street due to increasing sentiment that interest rates will remain high for a longer period. The S&P/ASX 200 fell by 28.5 points,

Bank of Japan maintains steady monetary easing amidst economic uncertainty

The Deputy Governor of the Bank of Japan, Uchida, reiterated on Monday the central bank's commitment to maintain a steady course of monetary easing, mirroring earlier sentiments expressed by Governor

Bank of Japan governor advocates for patient monetary easing amid inflation

The Governor of the Bank of Japan (BOJ), Ueda, emphasized on Monday the importance of a patient approach to maintaining monetary easing in order to support the Japanese economy amidst cost-push inflat

Eisai's Alzheimer's drug Leqembi gets green light in Japan, shares surge

In a significant development for Eisai Co (OTC:ESAIY)., the Japanese health ministry has approved its innovative Alzheimer's disease medication, Leqembi. The decision, announced on Monday, follows a p

Brent oil prices could reach $150 per barrel, says JPMorgan

In a recent forecast, JPMorgan (NYSE:JPM) has predicted a potential surge in Brent oil prices to $150 per barrel. This prediction was made on Monday, as the financial institution observed escalating o

PolyNovo sees robust growth in August revenue, boosts share value

Australian wound-care firm PolyNovo reported a significant surge in its August revenue on Monday, which more than doubled compared to the same month last year. The company's total sales for August 202

Coinbase holds 5% of global Bitcoin supply, amounting to $25 billion

Cryptocurrency exchange Coinbase (NASDAQ:COIN) is currently holding approximately 1 million Bitcoins, valued at about $25 billion, according to recent findings by blockchain analytics firm Arkham Inte

Broadcom to appeal South Korean regulator's fine over Samsung deal

U.S. wireless chipmaker Broadcom (NASDAQ:AVGO) Inc. announced that it plans to appeal against the decision of the South Korean Fair Trade Commission (FTC) which imposed a 19.1 billion-won ($16 million

Potential U.S. government shutdown looms as October 1 deadline nears

The U.S. federal government could face a shutdown on October 1, if politicians fail to reach a budget agreement. This impending situation could cause temporary economic damage due to reduced consumer

Manoj Vaibhav Gems IPO enters day two with subdued response

The ₹270.20-crore initial public offering (IPO) of Manoj Vaibhav Gems ‘N' Jewellers Limited entered its second day on Monday, with a lukewarm response from investors. The IPO, which opened for pub

Valkyrie Funds sets October launch for Bitcoin ETF, amid growing trend in traditional finance

Valkyrie Funds, a renowned asset management firm, is set to launch its Bitcoin ETF on October 20, a move that underscores the growing interest in cryptocurrencies among traditional financial entities.

Updater Services kickstarts IPO, aims to raise Rs 640 crore

On Monday, Updater Services, a leading integrated facilities management firm in India, initiated its initial public offering (IPO) for subscription. The company aims to raise approximately Rs 640 cror

Singapore's core inflation dips to 3.4% in August, easing monetary policy pressure

The Monetary Authority of Singapore (MAS) reported on Monday that the country's core inflation rate for August fell to 3.4%, marking a slight decrease compared to the same period last year. The figure

Gold prices hold steady amid Federal Reserve's interest rate warning and global economic concerns

Gold prices remained mostly steady on Monday, despite the potential for a further drop due to warnings from the Federal Reserve about prolonged higher interest rates. The strength of the dollar and yi

Indian stocks in focus, Sterling and Wilson Renewable Energy to discuss fundraising

India's domestic equity market ended the previous trading session with a decline. The Sensex fell by 221 points, closing at 66,009, while the Nifty dropped by 68 points to settle at 19,674.

Investor focus on India's market potential intensifies

Investors have approximately $2 trillion available for investment, with a significant portion, between $100 billion to $150 billion, earmarked for India, according to Anu Aiyengar, JPMorgan Chase&Co.

Qualcomm set to unveil two variants of Snapdragon 8 Gen 3 chipset

On Monday, leaked documents allegedly from Qualcomm (NASDAQ:QCOM) hinted at the release of not one, but two variants of the Snapdragon 8 Gen 3 system-on-a-chip (SoC). The tech giant is expected to int

Coinbase facing challenges in diversifying revenue streams amid declining crypto trading volumes

Coinbase (NASDAQ:COIN) Global, a major cryptocurrency exchange, continues its efforts to diversify its revenue sources beyond the unpredictable cryptocurrency trading market, despite the company's hea

European stock futures largely lower; German Ifo survey due

Global investment funds target India, despite M&A activity decline

Despite a significant decline in mergers and acquisitions (M&A) activity, India continues to attract a substantial portion of the global investment funds pool, which currently stands at approximately