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The ‘dustbin scam’ refers to the alleged purchase at inflated prices of plastic dustbins to collect biomedical waste in government hospitals, when BJP leader Mangal Pandey was the State Health Minister under the previous NDA regime
Billionaire Ray Dalio warned that artificial intelligence is a “classic bubble” that is nearing a bursting point thanks to rising interest rates and the need to turn wealth into cash. A rally in stocks came to a halt and global bonds fell as mounting attacks on tankers in the Middle East pushed oil prices higher. Futures for the S&P 500 stood pat after the index hit a record high in the previous session. Europe’s Stoxx 600 fell 0.6%, ending a three-day run of gains. SK Hynix fell nearly 3% in South Korea ahead of the expiry of a lockup on its American depositary receipts. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie. (Source: Bloomberg)
Emerging-market stocks and currencies rose Tuesday as Treasury yields and oil prices eased, while Brazilian assets remain in favor after a conservative sweep in the first round of the presidential election.
Colombia's COLCAP fell 0.33% to 2,576 points on Monday, 28 September, and the peso weakened to 3,362 per US dollar as higher US yields and oil prices hit risk appetite ahead of Wednesday's rate decision. The post Colombia Markets: COLCAP Slips 0.33% as the Peso Weakens appeared first on The Rio Times.
Brent rose 0.9% to US$105.28 and WTI 0.2% to US$92.60 on Monday after Trump rejected an Iranian proposal to reopen Hormuz; Petrobras rose, YPF fell. The post Oil Settles Higher After Trump Rejects Iran Hormuz Offer appeared first on The Rio Times.
India’s foreign exchange reserves dropped by the most in almost two years as the central bank stepped in to support the rupee amid surging oil prices.
A hot economy and $100 oil are fanning fears about inflation.
Yields on the US government's longest-dated bonds climbed to the highest level in more than two decades, the latest milestone notched in an extended bond selloff driven by inflation and fiscal concerns. The rate on 30-year Treasuries rose as much as four basis points on Thursday to 5.44%, the highest since 2004, after Brent crude oil prices jumped. It follows a surge this week that left yields across maturities around the highest levels since 2007. JP Morgan Private Bank's Global Investment Strategy Co-Head Grace Peters joined Lizzy Burden and Stephen Carroll on Bloomberg radio to discuss. Christopher Pitt (Source: Bloomberg)
With millions of South Koreans set to hit the road this week during a three-day public holiday, the government is extending fuel-price caps, cushioning households from an energy shock that has pushed global oil prices above $100 a barrel.
Emerging-market equities and currencies gained after “very successful” US-China talks ahead of a summit between the two countries’ presidents this week, while a fourth day of declines in oil prices added to positive sentiment.
Ed Yardeni, one of the biggest stock bulls on Wall Street, talks about why he's slashing his year-end forecast for the S&P 500 Index to 7,900 from 8,400. He also says the Federal Reserve could raise interest rates two more times this year. Yardeni says Iran is likely to wreak havoc and keep oil prices elevated. He speaks on "Bloomberg Surveillance." (Source: Bloomberg)
Edward Yardeni, president at Yardeni Research, points to geopolitical developments and higher-for-longer oil prices, among other factors, that led him to lower his year-end target for the S&P 500. He says his previous target of 8,400 is more likely to be reached by the middle of next year. (Source: Bloomberg)
Brent traded above US$108 on Monday after Saudi Arabia shut its East-West pipeline. Petrobras shares rose, but Vale and the banks pulled the Ibovespa down. The post Oil Prices Pass US$108 After Saudi Pipeline Halt, and Petrobras Rises While the Ibovespa Falls appeared first on The Rio Times.
Equities fell around the world after leaders of the biggest artificial-intelligence firms proposed slowing the technology’s development, while a jump in oil prices sapped risk sentiment further. Tech stocks led declines as traders fretted that efforts to rein in the advance of cutting-edge AI could dent the boom driving hundreds of billions of dollars in capital expenditure. Nasdaq 100 futures sank 1.4%. OpenAI backer SoftBank Group Corp. slid the most in three months in Japan, while South Korea’s Kospi index slumped 3.3%. In Europe, the Stoxx 600 was little changed. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie. (Source: Bloomberg)
Saudi Arabia produced 5.97 million barrels a day in August against a target above 10. This is a physical shortfall, not a risk premium on a headline. The post Oil Prices Ended the Week Near $105. Ten Million Barrels a Day Are Not Being Pumped appeared first on The Rio Times.
Investors looking to hedge as the equity rally stalls in the face of rising interest rates and oil prices are split between protecting against a fast selloff or a slow grind lower.
US futures advanced ahead of the bell on Friday as oil prices retreated and Oracle Corp.’s better-than-expected results boosted tech sector sentiment. Investors await consumer price data later this morning.