The rupee opened at 87.10 and touched an intra-day low of 87.05 before settling at its lowest level since February. On Tuesday (July 29), the rupee had closed at 86.91, also under pressure...
Posts published in “Business”
Shares of health device maker Phillips rallied as much as 14% on Tuesday as the company lifted its earnings guidance despite a hefty hit from tariffs...
Shares of Beyond Inc. rose then fizzled after hours on Monday after the online retailer, which oversees the resurrected Bed Bath & Beyond and Overstock.com, reported second-quarter results that weren’t as bad as expected...
Competitors are stockpiling Asian imports into the U.S., Whirlpool says, until tariffs ‘ultimately support domestic manufacturers.’...
If you bought Coinbase’s stock two months ago when Monness Crespi Hardt analyst Gus Gala recommended it, you should take the profit now, he said...
Nike’s stock extends its recent surge after J.P. Morgan upgraded it to overweight from neutral...
After posting large losses on Thursday and Friday, GBP/USD struggles to stage a rebound on Monday and trades in negative territory, slightly above 1.3400...
US President Trump and European Commission President Ursula von der Leyen agreed on Sunday on a framework very similar to the US-Japan trade deal signed last week.European products will face a15% levy, down from the 30% announced earlier in July, and, in exchange, the EU will invest EUR 600 billion...
US Dollar (USD) is likely to trade in a range of 7.1530/7.1730 against Chinese Yuan (CNH). In the longer run, downward momentum is waning rapidly; a clear break above 7.1730 would indicate that 7.1295 is not coming into view, UOB Group's FX analysts Quek Ser Leang and Peter Chia note...
The Euro (EUR) is weak, down 0.7% against the US Dollar (USD) and underperforming all of the G10 currencies with the exception of NZD, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report...