The Reserve Bank of India (RBI) on Wednesday announced a dollar/rupee buy-sell swap auction worth $5 billion with a tenor of three years, scheduled for May 26, as the central bank seeks to manage liquidity conditions amid continued pressure on the Indian currency. The RBI said the decision followed a review of current and evolving
Shares of TGT rose on Wednesday after the retailer reported stronger-than-expected quarterly earnings and raised its full-year sales outlook, signaling that its turnaround strategy is beginning to gain traction despite ongoing macroeconomic uncertainty. Target stock gained about 1.5% in premarket trading to $129.18 after the company posted first-quarter adjusted earnings of $1.71 per share on
US stocks moved higher on Wednesday as investors piled back into semiconductor shares ahead of highly anticipated quarterly results from chip giant Nvidia, while easing Treasury yields and lower oil prices helped stabilize broader market sentiment. The S&P 500 rose about 0.26%, while the Nasdaq Composite gained roughly 0.61% after both indexes suffered three consecutive
Real, a Layer 1 blockchain focused on institutional-scale real-world asset tokenization, has signed a memorandum of understanding with iExec to explore privacy-preserving infrastructure for tokenized assets. The collaboration will examine how institutional RWA issuance, distribution, and on-chain financial operations can be carried out while maintaining confidentiality, compliance, and auditability. Real supports the full lifecycle of
Coins.ph has expanded its QRPh crypto payment functionality to include Bitcoin and Ethereum, extending a system that already supports stablecoin payments such as USDT. The integration allows users to make payments at an estimated 700,000 QRPh-enabled merchants across the Philippines by scanning the national QR code standard developed by the Bangko Sentral ng Pilipinas. At
Intuit is laying off around 3,000 employees globally, or roughly 17% of its workforce, as the software company restructures operations and intensifies its focus on artificial intelligence initiatives. The job cuts were disclosed in an internal memo sent by Chief Executive Sasan Goodarzi to employees on Wednesday and reviewed by Reuters. According to the memo,
Shares of CoreWeave (CRWV) fell in Tuesday premarket trading after Google and Blackstone unveiled a major artificial intelligence cloud infrastructure partnership that investors viewed as a potential competitive threat to the fast-growing neocloud sector. CoreWeave stock dropped 4.3% in early trading alongside shares of Nebius Group as markets assessed the implications of the new joint
The platinum market is heading for its fourth consecutive year of undersupply, according to the World Platinum Investment Council (WPIC). Commodity analyst Carsten Fritsch of Commerzbank AG said the shortfall is expected to reach 297,000 ounces in 2026, slightly higher than earlier forecasts. “This would mark the fourth consecutive year of a supply deficit in
US stocks moved lower on Tuesday as investors continued pulling back from semiconductor and technology stocks amid rising inflation concerns, elevated Treasury yields, and uncertainty surrounding the Middle East conflict. The S&P 500 fell 0.5%, while the Nasdaq Composite dropped 0.57%. The Dow Jones Industrial Average declined roughly 0.67%, or 332 points. The weakness followed
The European Parliament has approved new foreign direct investment (FDI) screening rules that were provisionally agreed in December with the Council of the European Union, the institution representing EU member states. The legislation still requires formal approval from the Council before it can enter into force 18 months later. Once implemented, EU countries will be