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Topics: Nasdaq

Business

Yatra scraps Ebix’s $337 million acquisition deal

India-based leading online travel company Yatra on Friday said, "It is terminating its pending acquisition agreement with Ebix." In a filing with the stock exchange,...
Business

Market Analysis: OPEC+ agrees to a historic production cut

OPEC+ agreed to the largest production cut ever of 9.7 mbpd which accounts for 10% of the daily global crude supply. US, Brazil, and...
Business

Market Analysis: Dow ends above 23,000 mark for the first time in a month

The Dow gained 3.4% to close above the 23,000 mark for the first time in a month despite the US seeing the largest number...
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Business

Market Analysis: Crude drops to 18-year lows

Crude prices fell to their lowest levels in 18 years yesterday as markets fear the world may run out of storage space. There is...
Business

Facebook appoints Robert Kimmitt as a lead independent director

U.S. leading social networking giant Facebook Inc on Friday announced the appointment of the U.S. treasury's former deputy secretary Robert Kimmitt as a lead...
Business

Market Analysis: Fed announces unlimited QE, corporate bond purchases

The US Dollar has weakened across the board after the Fed unleashed a slew of unprecedented measures. The Fed said it would buy an...
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Business

Market Analysis: “COVID-19 to dry up the liquidity in the FX market, quotes to become wider as participation tapers off.”

The Global Coronavirus situation continues to become grim by the day. Several countries across Europe have come to a grinding halt on account of...
Business

Market Analysis by Abhishek Goenka: Why is rupee not depreciating till now despite USD strength?

The Rupee has been one of the better-performing currencies amid the extreme panic and turmoil we have witnessed in global markets. On previous occasions...
Business

Market Analysis by Abhishek Goenka, “Fed obliges the president; cuts rates to zero”

Just three days before the policy, the US Fed has cut overnight Federal funds rate by 1% to 0-0.25% range. It has also announced USD...
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Business

PepsiCo acquires Chinese snack company Be & Cheery for $705 million

American multinational food and beverage maker, Pepsico on Sunday announced that “It has agreed to acquire Chinese snack brand Be & Cheery for $705...
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