The global stock market rout has a long way to go, analysis by a Wall Street bank has indicated, as European markets once again turn negative. JP Morgan analysts have issued the warning about so-called “carry trades”, which are thought to have partly caused the turmoil on financial markets that wiped £40bn off the FTSE 100 on Monday. Carry trades …
Industrial and Commercial Bank of China, the country’s largest commercial lender by assets, reportedly suffered a ransomware attack on Thursday that disrupted the trades in the US Treasury market. In a statement, ICBC Financial Services said a ransomware attack resulted in disruption to certain systems and it was conducting an investigation and “progressing its recovery efforts.” The bank said it …
Amid weak Asian markets and continuous foreign fund outflows, the equity benchmark indices fell in early trade on Tuesday. Global oil benchmark Brent crude declined 0.45 per cent to USD 92.87 a barrel. Rupee falls against dollar Meanwhile, the rupee continued its downward movement for the second straight day and fell by 8 paise to 83.21 against the US dollar …
Sensex and Nifty, the two equity benchmarks, on Monday that open flat on a bearish note due to weak global market trends, soon recovered all the early lost ground and were trading in the green. At 10.45 am, the BSE Sensex was up 390 points at 59,230, while the broader NSE Nifty was trading at 17,653, up 123 points. In …
As the crypto sector’s turmoil stretches on, more companies are adopting extreme measures to protect themselves, even if it means stopping their own users from accessing funds. The Singapore-based crypto lending platform, Vauld, announced via a corporate statement on Monday that it was suspending all deposits, trades, and withdrawals on its platform. “We believe that this will help to facilitate …
The Securities and Exchange Board of India has penalized Future Corporate Resources Pvt Ltd, Kishore Biyani and Anil Biyani, founder and co-founder of Future group respectively, and five others for insider trading.Future Corporate Resources Pvt Ltd, Kishore Biyani, Anil Biyani and five others have been prohibited from dealing in securities market for a period of one year.Further,. The Securities and …
