How America inadvertently created an ‘sxis of evasion’ led by China, and the European Union approves a new financial crime agency. Also, New York’s financial regulator sets standards on handling crypto customer complaints. https://createsend.com/t/d-0BF58FD78D9E32AC2540EF23F30FEDED
The Reserve Bank of India is considering allowing buyers of distressed debt to pick up equity stakes in stressed firms as well, according to Deputy Governor M. Rajeshwar Rao. from Bloomberg Markets https://ift.tt/fumQvFx
India’s economy grew at 8.2% for its full fiscal year compared with 7.0% a year earlier, fueled by government spending on infrastructure, and momentum in manufacturing and construction. https://www.wsj.com/articles/indias-economy-grew-faster-than-expected-in-fiscal-year-017dcab8
Their data is being sold online by the same gang who this week claimed to have hacked Ticketmaster. https://ift.tt/d7WZkY8 May 31, 2024 at 04:06PM
Soho House & Co. rejected an acquisition offer at a “substantial premium,” suggesting the unprofitable members-only club is confident in its ability to turn around. from Bloomberg Markets https://ift.tt/dB1F3eO
India is set to be the world’s fastest-growing major economy this year, but economists say the country’s headline growth numbers don’t tell the whole story. https://www.wsj.com/articles/to-understand-indias-economy-look-beyond-the-spectacular-growth-numbers-31f5dd11
The move is part of Europe’s battle to reduce reliance on Asian imports for vital manufacturing components. https://www.cnbc.com/2024/05/31/eu-approves-italian-aid-for-5point4-billion-stmicro-chip-plan.html
Dell Technologies Inc. fell sharply in premarket trading on Friday after its first revenue increase since 2022 wasn’t enough to impress investors with high expectations for the company’s AI server business. Sales rose and profits beat estimates. Woo Jin Ho of Bloomberg Intelligence is on “Bloomberg Surveillance.” (Source: Bloomberg) from Bloomberg Markets https://ift.tt/UbgO0WT
Polkadot recently encountered significant selling pressure at a key resistance region, encompassing the 100-day moving average and the crucial $7.4 level. This resistance has led to a potential continuation of the bearish retracement. Technical Analysis By Shayan The Daily Chart A detailed examination of Polkadot’s daily chart reveals a bearish sentiment, with the price being…
India’s economic growth topped 8% in the fiscal year that ended in March, faster than expected, giving Prime Minister Narendra Modi’s government a boost days before election results are announced. from Bloomberg Markets https://ift.tt/AzEuKdo