The Reserve Bank of India is expected to ease monetary conditions by reducing banks' cash reserve ratios, responding to a slowdown in economic growth that has reached a seven-quarter low. However, persistent inflationary pressures may deter the central bank from cutting interest rates at this time.
India has surpassed China in attracting clean technology investments, completing deals worth approximately $2.4 billion in the third quarter. This figure is more than four times that of China and ranks second globally, following the United States, as the country enhances its domestic green manufacturing efforts.
Zopa Bank Ltd. has successfully raised €82 million ($86.6 million) to support the launch of its current accounts in the upcoming year. The funding round was led by A.P. Moller Holding A/S, with participation from existing investors including IAG Silverstripe and Augmentum Fintech. Zopa maintains its status as a $1 billion unicorn, although its valuation remains undisclosed.
Raiffeisenbank's "Elba" app faced significant outages due to technical issues affecting various IT services, prompting user complaints. Experts are working to restore full functionality, and the bank has apologized for the inconvenience. In a related incident, Erste Bank experienced a similar outage in late November, impacting online banking and card services, which was resolved within three hours, with no evidence of a cyber attack.
01:00 06.12.2024
The cryptocurrency landscape is rife with scams, as highlighted by recent incidents involving high-profile figures and platforms. Delio's CEO claimed no guarantees on crypto deposits during a court trial, while Hulk Hogan denied promoting a memecoin. Other notable cases include a $1 million loss on Binance due to account takeover, and the arrest of Aamir Khan in a crypto scam. Additionally, a fake Curve Finance app has infiltrated the Apple app store, and a breach of the Decentraland X account led to a fraudulent airdrop scam. The ongoing issues underscore the urgent need for vigilance in the crypto space.
On December 3, 2024, the Consumer Financial Protection Bureau proposed a rule to restrict data brokers from selling personal information, aiming to protect consumers from scams and exploitation. The rule would classify data brokers as credit bureaus, requiring compliance with the Fair Credit Reporting Act, mandate consumer consent for data sharing, and ensure the protection of consumer information. Public comments on the proposal are invited until March 3, 2025.
Westaim Corporation has appointed CRO Skurbe, who is currently a senior managing director and the chief operating officer and CFO of CC Capital. Skurbe previously held the position of managing director in finance and treasurer at Blackstone, where he also served as COO for Blackstone Liquidity Solutions and was a member of the Valuation and Enterprise Risk Committees.
AstraZeneca and Daiichi Sankyo announced new study results for their cancer drug datopotamab deruxtecan, showing a median survival of 15.6 months in patients with EGFR-mutated non-small cell lung cancer. Agenus plans to cut annual spending by 60% to focus on a late-stage cancer immunotherapy, while Amgen is investing $1 billion to expand its manufacturing in North Carolina. The U.S. Patent and Trademark Office has withdrawn a proposed rule aimed at reducing patent thickets, and Bluebird bio is executing a reverse stock split to comply with Nasdaq rules. Merus received FDA accelerated approval for zenocutuzumab, its first approved product.
Asia-Pacific markets are poised for a higher open, diverging from Wall Street's decline, as investors digest Japan's household spending data. In October, spending rose 2.9% month-on-month, surpassing expectations, while year-over-year spending fell 1.3%, also better than anticipated. Japan's Nikkei 225 futures indicate a positive start, while Australia's S&P/ASX 200 opened lower.
In Cramer's Lightning Round, Ralph Lauren is viewed positively, with expectations for its stock to rise. Vertiv's stock is cautioned against at current high levels, while SoundHound AI has recently broken out, suggesting a potential short-term gain. Robinhood is projected to reach $35, and Limbach is recommended alongside more stable options like Trane or Carrier. Skyworks Solutions may require patience for a turnaround, indicating a longer wait for investors.
Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Newsletter

© 2025 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings