Markets

Dollar near 20-year highs amid global markets route

Dollar near 20-year highs amid global markets route

Euro, Hong Kong dollar, US dollar, Japanese yen, pound and Chinese 100 yuan banknotes are seen in this picture illustration, January 21, 2016. REUTERS/Jason Lee Register now for FREE unlimited access to Reuters.com Register LONDON, May 6 (Reuters) – The dollar index hovered near 20-year highs against major peers on Friday, as market sell-offs in …

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Europe turns into cocaine hub as multi-billion-euro market expands, EU says

Europe turns into cocaine hub as multi-billion-euro market expands, EU says

A worker pushes a cart containing cocaine before the incineration of more than nine tons of cocaine seized during different operations, according to the Ecuador’s Interior Ministry, in a warehouse at an undisclosed location, in Ecuador April 21, 2022. REUTERS/Karen Toro/File photo Register now for FREE unlimited access to Reuters.com Register European market for cocaine …

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Bitcoin (BTC) falls sharply as $126 billion wiped off crypto market

Bitcoin (BTC) falls sharply as $126 billion wiped off crypto market

Bitcoin fell sharply after a sell-off of major US stock indices. Bitcoin has been correlated closely to the price movement of the Nasdaq index. Luke MacGregor | Bloomberg | Getty Images Bitcoin cratered on Thursday as a major stock sell-off in the US spooked the cryptocurrency market. Bitcoin was down more than 8% at $36,251.50 …

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UK house prices rise but cost of living crisis will cool market, says Halifax | housing market

UK house prices rose again in April, extending the longest run of monthly increases in six years, according to Halifax, but the lender said rising interest rates and squeezed household budgets would cool the market over the next year. The average cost of a home rose by 1.1% in April, the 10th consecutive monthly rise …

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IMF: Naira has fallen against the dollar by 10.6% annually since 1973

Naira weakens at official market as dollar supply falls to $108 million

Thursday, 5th May 2022: The exchange rate between the naira and the US dollar closed at N419/$1 at the Investors and Exporters (I&E) window, where FX is traded officially. The exchange rate at the official window weakened against the US dollar on Thursday to close at N419/$1 from N418/$1 recorded as of the close of …

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Bausch & Lomb IPO prices below target amid volatile markets

Bausch & Lomb IPO prices below target amid volatile markets

Bausch & Lomb, the eyecare unit of the company formerly known as Valeant Pharmaceuticals, priced its initial public offering below its target range as volatile markets put pressure on the second-largest listing of the year. The company, which was aiming to raise up to $840mn, on Thursday evening announced that it would sell shares at …

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Stocks To Buy: Expect deep market corrections but not a meltdown;  3 stocks to buy on further fall: Sandip Sabharwal

Stocks To Buy: Expect deep market corrections but not a meltdown; 3 stocks to buy on further fall: Sandip Sabharwal

“Consumer companies like Britannia, Jubilant FoodWorks and Asian Paints can be bought when they fall a little further,” says sandip sabharwal of asksandipsabharwal.com Seems like we are headed for a freaky Friday with sub 16450 print on the Nifty already. Would you be tempted to buy anything today?Not really. It depends on the specific stocks …

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Asian markets and currencies are tanking after a rough day on Wall Street

Asian markets and currencies are tanking after a rough day on Wall Street

Hong Kong’s benchmark Hang Seng Index (HSI) tumbled nearly 4% — leading losses in Asian markets, and on track to log its worst daily drop in more than a month. Tech stock saw a sharp sell-off, with the Hang Seng Tech Index down 5%. Mainland China’s benchmark Shanghai Composite Index (SHCOMP) and its tech-heavy peer …

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