The Indian rupee’s valuation against major global currencies has dropped to its lowest level in more than a decade, weighed down by rising crude oil prices and persistent foreign outflows. Data from the Reserve Bank of India’s latest bulletin showed that the rupee’s 40-currency real effective exchange rate (REER) fell to 92.72. The REER adjusts
The US Federal Reserve is widely expected to keep interest rates unchanged at its upcoming April 28–29 meeting, as policymakers weigh the economic fallout from a surge in energy prices against signs of resilience in the labour market. The decision comes at a time when financial markets are recalibrating expectations for rate cuts, while Fed
Meta Platforms and Microsoft will give Wall Street its most important AI test of the quarter on Wednesday, April 29, when both companies report after the bell. Meta’s Q1 2026 earnings call is set for 2:30 p.m. PT, while Microsoft has said it will publish fiscal Q3 2026 results after the close of the same
The British pound rose marginally against the US dollar on Friday but remained on track for a weekly loss, as geopolitical uncertainty and cautious market sentiment continued to weigh on currency movements. Sterling was up 0.1% at $1.348, as broader foreign exchange markets remained largely range-bound. However, despite the modest daily gain, the currency was
Intel stock (NASDAQ: INTC) soared as much as 28% in premarket trading on Friday after the chipmaker posted stronger-than-expected first-quarter earnings. The company issued second-quarter revenue guidance that topped Wall Street forecasts. For a company long written off as a laggard in the AI race, the move was a sharp reminder that sentiment can change
UK equities moved lower on Friday and were on track for weekly losses, as fading hopes of a swift resolution to the Iran conflict and a warning from the Bank of England weighed on investor sentiment. The benchmark FTSE 100 index fell 0.6% to 10,391.16 points by 1005 GMT. The blue-chip index was set for
Lucid Group stock price crashed to a record low this week, continuing a downtrend that has been going on for years. It plunged to a low of $6.27, bringing its market capitalization to $2 billion. So, will the downward trend continue ahead of its earnings report on May 5? Lucid Group stock is crashing despite
Shipping traffic through the Strait of Hormuz has slowed dramatically, with only five vessels, including a single Iranian oil products tanker, passing through in the last 24 hours, according to Friday’s shipping data. The sharp decrease follows Iran’s seizure of two container ships this week and an ongoing US blockade of Iranian ports, escalating maritime
The European Union has partnered with financial institutions to launch the Global Green Bond Initiative Fund, aiming to mobilise up to €20 billion ($23.43 billion) in private capital for sustainable infrastructure projects in low- and middle-income countries. The initiative reflects the EU’s broader push to expand climate-focused financing while supporting economic development in emerging markets.
US stocks edged higher on Friday, supported by renewed optimism around potential diplomatic progress between Washington and Tehran, alongside strong momentum in semiconductor stocks led by Intel. The S&P 500 rose about 0.25%, while the Nasdaq 100 climbed 1.2%. The Dow Jones Industrial Average, however, was down 179 points. The cautious optimism follows reports that