Tag: fast
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Nasdaq 100 set to shed over $1 trillion as tech selloff deepens; SpaceX slides
June 23 : The Nasdaq 100 index was on pace to erase more than $1 trillion in market value on Tuesday as technology heavyweights and chip stocks tumbled, while Elon Musk’s SpaceX dropped below $2 trillion in market cap for the first time since its U.S. debut.SpaceX, which is expected to join the Nasdaq 100,…
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ECB secures key parliamentary backing for digital euro
FRANKFURT, June 23 : The European Central Bank secured key parliamentary backing on Tuesday for the launch of a digital euro, an electronic means of payments aimed at making the euro zone less reliant on U.S. credit cards at a time of fraying transatlantic relationships.The digital euro, essentially an electr
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Civil servants to receive 0.45 month mid-year bonus; additional one-time payment for junior grade officers
Junior grade officers will get an additional one-time payment of up to S$400 (US$310).
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Injured Reddy to miss India’s T20I series against England, Ireland
June 23 : Nitish Kumar Reddy has been ruled out of India’s Twenty20 international series against Ireland and England due to injury, the country’s cricket board (BCCI) said on Tuesday.Suryansh Shedge has been named as his replacement, with Reddy’s absence leaving India short of a frontline pace-bowling all-rou
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Stocks hit by Fed rate reality check; oil slips
LONDON, June 23 : Global stocks fell on Tuesday, led by broad-based declines in technology stocks, as investors expect the Federal Reserve to take more aggressive action to tackle inflation, even after a 16 per cent drop in oil prices this month.The STOXX 600 fell 1.2 per cent, under pressure from declines in
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India ‘proactively monitoring’ Telegram over concerns about illegal content, government report shows
NEW DELHI, June 23 : An Indian investigation found that Telegram is being used extensively to share child sexual abuse material and perpetrate financial scams, according to a report by the government, which added it was “proactively monitoring” groups on the messaging app.The 35-page report by the Home Minist
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EU approves €76 million German state aid for cutting edge semiconductor facility
June 23 : The European Commission approved on Tuesday €76 million ($87 million) of German state aid for QuantumDiamonds GmbH, which is planning to set up a cutting-edge semiconductor testing facility in Munich.• The Commission said QuantumDiamonds had agreed to work with small-and-medium-sized enterprises
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Oil extends losses as investors focus on Hormuz flows after peace talks
BENGALURU/LONDON June 23 : Oil prices fell on Tuesday, extending losses from the previous session, on signs of some progress in restoring crude flows through the Strait of Hormuz following U.S.-Iran peace talks.Brent crude futures were down 44 cents, or 0.6 per cent, to $77.46 a barrel and U.S. West Texas Int
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Dollar hits one-year high on Fed hike bets; yen nears 40-year low
LONDON, June 23 : The U.S. dollar rose to its highest level in more than a year on Tuesday as traders positioned for a more hawkish Federal Reserve despite oil prices inching lower on ebbing Gulf tensions, while the yen flirted with a four-decade low.Fed funds futures are pricing in more than an 80 per…
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Algeria recover from Messi mauling to show World Cup promise
SANTA CLARA, California, June 22 : After being on the wrong end of a Lionel Messi hat-trick in their World Cup opener against Argentina, Algeria had to wait nearly a week to showcase their talents with an impressive fightback against Jordan.Coach Vladimir Petkovic’s side had been outclassed 3-0 by the defendi
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