Markets
Sensex, Nifty Likely To Open Higher
On Thursday, the S&P BSE Sensex and NSE Nifty 50 indexes rose for third session in a row on Thursday, led by gains in Reliance Industries, HDFC, HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank and Hindustan Unilever. The markets in China, South Korea and Taiwan were up between 0.02% and 1.02%. Deepak Jasani, head - retail research, HDFC Securities, said: "European markets rose at the s... [Full Article...]
United States government shutdown averted after Trump signs Covid relief package
The US$740.5 billion National Defence Authorizstion Act was passed this month by 335 votes to 78 in the Democratic-controlled House and by 84 to 13 in the Republican-majority Senate . Trump did veto a separate spending bill last week. "Republicans have a choice: vote for this legislation or vote to deny the American people the bigger pay cheques they need", she said. [Full Article...]
Novavax launches late-stage vaccine trial
The goal is that at least 25 percent of the participants in the United States and Mexico trials should be aged 65 and over, the statement said. The federal government is funding the trial. Residents and staff at long-term care facilities in MA began getting the COVID-19 vaccine Monday. NVX-CoV2373 contains a prefusion spike protein made by using the company's recombinant nanoparticle technology ... [Full Article...]
Coinbase announces it will suspend XRP trading as price drops another 10%
The moves by the two exchanges come in response to the U.S SEC lawsuit against Ripple's Lab. "The SEC is completely wrong on the facts and law and we are confident we will ultimately prevail before a neutral fact-finder". Other platforms that have reportedly dropped Ripple's XRP include OSL, Crosstower, and Beaxy. Adding fuel to the frenzy, leading USA -based cryptocurrency exchange Coinbase... [Full Article...]
Oil rises to touch $52 after Trump signs aid bill
Oil steadied - after posting its first weekly loss since October - as pessimism over a new strain of Covid-19 that's threatening more travel restrictions was balanced by the passage of a US stimulus bill into law. Money managers raised their net-long U.S. crude futures and options positions in the week to December 21, the U.S. Commodity Futures Trading Commission said on Monday. [Full Article...]
More Than 190000 Ceiling Fans Recalled Because Blades May Fly Off
When they became aware of the issue, the retailer said it "voluntarily recalled the product and stopped sales". Anyone who has this ceiling fan with the model number 71918 or 71919 is at risk, but fortunately there have been no reports of incident or injuries in Canada so far. [Full Article...]
Trump’s capitulation on pandemic relief is no cause for celebration
Without Trump's signature or passage of a stopgap measure to fund operations, a partial government shutdown would have begun Tuesday. - Lawmakers on Monday will seek to override President Donald Trump's recent veto of a $740 billion defense bill. [Full Article...]
Gold rises Rs 185, silver jumps by Rs 1322
HDFC securities Senior Analyst (Commodities) Tapan Patel also asserted that gold prices will rise in 2021 in India as it got additional support from rupee depreciation against the dollar during the year as spot rupee was down by around three per cent year-to-date. [Full Article...]