President-elect Donald Trump announced plans to impose a 10% tariff on all Chinese goods entering the U.S. and a 25% tariff on products from Canada and Mexico, effective upon his inauguration on January 20. This move is part of his strategy to reshape trade relations with these countries.
Swiggy's share price increased for the second consecutive day, rising by 6.3% to Rs 457.95 before settling at Rs 445, a 3.3% gain, amid a flat NSE Nifty 50 index. Of the six analysts covering the company, four recommend a 'buy,' one suggests a 'hold,' and one advises 'sell,' with the average 12-month price target indicating a slight downside of 0.1%.
01:30 26.11.2024
India’s retail investors increased their stakes in the Adani Group just before US authorities announced bribery charges against its founder. In contrast, institutional investors reduced their holdings during this period. For more insights, follow Bloomberg.
Rumble, a conservative video platform, plans to invest up to $20 million in bitcoin as part of a new treasury strategy, citing the cryptocurrency's potential as an inflation hedge. CEO Chris Pavlovski emphasized the importance of bitcoin in a world of government currency dilution. This move aligns Rumble with other companies like MicroStrategy and Tesla, as interest in bitcoin grows amid expectations of a pro-crypto stance from the incoming Trump administration.
HSBC analysts have downgraded Goldman Sachs and Morgan Stanley to "hold" from "outperform," citing an "unattractive risk reward profile" following a recent bank rally. They caution that while investment banking fees may rise, current market expectations are overly optimistic, leaving potential for disappointment.
The dollar has strengthened while the Mexican peso has weakened in response to Trump's tariff threats. This situation is influencing global markets and business dynamics as the election approaches, prompting widespread analysis and coverage.
Wealthier nations are falling short in their efforts to combat climate change, with no country on track to meet the 1.5°C target based on 2030 emission reduction pledges. A review of 70 countries reveals no significant trend indicating that richer countries are more effective in addressing global warming.
The first GCC Economic Competitiveness Forum, organized by Qatar's Ministry of Finance in collaboration with the World Economic Forum, aimed to enhance economic cooperation among GCC countries. Discussions focused on defining economic competitiveness, sharing best practices, and addressing challenges such as fluctuating oil prices and the impact of the Covid-19 pandemic. The forum concluded with recommendations to foster greater economic integration and coordination within the Gulf region.
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