Author: Press Room

© Reuters INDIA – In the wake of the Supreme Court’s involvement in the Adani-Hindenburg affair, Adani group stocks experienced a significant rally on the Bombay Stock Exchange (BSE) today. The rally was marked by substantial trading volume increases, with Adani Total Gas leading the charge, soaring nearly 20% to ₹642.10, almost double its average volume. Other group companies, including Adani Energy Solutions and NDTV, also enjoyed robust gains of up to 13% and 5%, respectively. This surge in stock prices reflects a buoyant investor sentiment following the court’s proceedings. Despite today’s positive market response, it’s important to note that…

© Reuters. Investing.com– Gold prices rose slightly in Asian trade on Tuesday, sticking to a six-month high amid growing bets that the Federal Reserve will not raise interest rates any further. Anticipation of a slew of economic readings this week also kept safe haven demand for the yellow metal upbeat, as markets awaited more signs of cooling U.S. economic growth and a stalling Chinese rebound.  The sank to three-month lows in overnight trade, benefiting gold and other metal prices on bets of . But the greenback somewhat steadied in Asian trade, with more Fed cues also on tap this week.…

sitox Carlyle Group (NASDAQ:CG) +5.2% and W.P. Carey (NYSE:WPC) +3.8% post-market Monday after the stocks were named to join the S&P MidCap 400, effective prior to the start of trading November 30. Carlyle (CG) will replace ICU Medical (ICUI), which will drop down to the S&P SmallCap 600, where it will replace PacWest Bancorp (PACW), which is being acquired by Bank of California (BANC), which will remain on the SmallCap 600. W.P. Carey’s (WPC) new spot on the MidCap 400 will replace Worthington Industries (WOR), which will drop to the SmallCap 600, where it will replace Avantax (AVTA), which is…

© Reuters. Investing.com– Most Asian currencies advanced on Tuesday amid growing conviction that the Federal Reserve was done raising interest rates, which in turn put the dollar at a three-month low. Still, gains in most regional currencies were limited as traders remained wary before a string of key economic readings this week. – the Fed’s preferred inflation gauge- will be a major point of focus this week. The was among the better performers for the day, rising 0.3% as traders bet that the Bank of Japan will pivot away from its ultra-dovish stance in 2024. Sticky Japanese inflation data released…

Rep. George Santos, R-N.Y., has survived two other efforts to oust him from Congress in recent weeks.But the third time may be the charm for lawmakers who believe Santos is unfit to serve.The House likely votes in the coming days on a measure to expel Santos for his myriad of alleged misdeeds, campaign finance abuses and generally, contriving an entire, faux life story and lying his way into a seat in the House of Representatives.The House sidetracked two previous efforts to expel Santos – never directly casting a ballot on his worthiness to be a House member. Those who opposed…

A man’s body was found in the ventilation system of a community college in Michigan.The college said it discovered the body of Jason Thompson, 36, after being told about a “foul odor.”School police said no foul play is suspected yet and an investigation is ongoing. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app A Michigan community college investigating a “foul odor” in one of its buildings discovered the body of a 36-year-old man in a ventilation system on Sunday.Macomb Community College officials said the body…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Cancer Research UK has warned that NHS cancer services are “in crisis”, with the charity calling on the government to invest further in staff and research into the disease.In a report published on Tuesday, the world’s largest cancer research charity said NHS England would need to train a further 16,000 full-time staff by 2029 to care for the half a million people expected to be diagnosed with the condition each year by 2040.“The cancer crisis is urgent and it’s real,” the report…

© Reuters. People’s Bank of China (PBOC) Deputy Governor Pan Gongsheng speaks next to PBOC Governor Yi Gang at a press conference in Beijing, China March 3, 2023. REUTERS/Florence Lo/File Photo HONG KONG (Reuters) – People’s Bank of China (PBOC) Governor Pan Gongsheng said on Tuesday the central bank would keep monetary policy accommodative, while inflation was expected to be ‘going upwards’. He also told the HKMA-BIS High-Level Conference in Hong Kong on Tuesday that there were green shoots emerging in China’s Purchasing Manager’s Index (PMI), which gauges business activity levels.

© Reuters. DALLAS – Southwest Airlines (NYSE:) Co. announced a significant overhaul of its executive leadership team, set to take effect on December 1, as part of an effort to enhance customer service and prepare for future growth. CEO Bob Jordan emphasized the airline’s commitment to improving customer service resilience and operational efficiency through this reorganization. The reshuffle introduces Justin Jones as the new Executive Vice President of Operations, tasked with spearheading modernization initiatives under the guidance of Chief Operating Officer Andrew Watterson. In a move to strengthen customer engagement strategies, Tony Roach has been appointed as Senior Vice President…

Francesco Scatena/iStock via Getty Images In a victory for 3M (NYSE:MMM), DuPont (DD), Corteva (CTVA), Chemours (CC) and other manufacturers of toxic “forever chemicals,” the 6th U.S. Circuit Court of Appeals on Monday vacated a lower court’s ruling that would have allowed nearly 12M Ohio residents to sue the companies as a group in a class action lawsuit. The court ruled the lead plaintiff had filed too broad a complaint against the manufacturers, and had not shown the PFAS substances found in his body could be traced directly to the companies. “Seldom is so ambitious a case filed on so…