Tag: Finance News
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WiseTech offices raided by AFP and ASIC in share trading probe
Overview: Authorities raid WiseTech offices amid trading allegations The Australian Federal Police (AFP) and the Australian Securities and Investments Commission (ASIC) have conducted a raid on a WiseTech Global office in Sydney. The action, executed under a search warrant, focused on documents related to alleged trading in WiseTech shares by co-founder Richard White and three…
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ASX Hits Record High Again as Unemployment Rises and Rate Cut Bets Return
ASX Reaches New Record High on Jobs Data and Rate-Cut Bets The Australian share market surged to another record high as September unemployment data highlighted a softer jobs market, reviving expectations for further cuts to the cash rate. Traders pushed risk assets higher on the prospect that the Reserve Bank of Australia (RBA) could ease…
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Dollar Falls as US Government Shutdown Sparks Selloff
Dollar Falls as U.S. Government Shutdown Sparks Selloff The dollar index, which tracks the greenback against six major currencies, slipped 0.2% on Wednesday to 97.61. That small move masked a broader concern: the greenback is about 10% weaker for 2025 so far, a pace that would mark its worst annual performance since 2003 when it…
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Quick Trading Surge Signals Short Week for Investors
Introduction Recent trading activity between Thursday night and Friday morning has sent ripples through the investment community, especially as we approach a short trading week with only Sunday and Thursday open. This period coincides with the Jewish New Year, casting a spotlight on significant transactions in the market. Key Transactions and Market Movements A notable…
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Dollar Exchange Rate in Egypt – September 14, 2025
Current Dollar Exchange Rate in Egypt As of September 14, 2025, the dollar exchange rate in Egypt has stabilized in various banks across the country. This steady rate is crucial for both individual consumers and businesses alike, especially in a fluctuating economic landscape. Overview of the Dollar Price The current exchange rate of the US…
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Dollar to Egyptian Pound Exchange Rate on September 14, 2025
Current Dollar to Egyptian Pound Exchange Rate On September 14, 2025, the exchange rate for the US dollar against the Egyptian pound remains stable, holding on to the elevated levels recorded earlier. This comes after the dollar faced some losses due to an increase in U.S. unemployment claims and a slight uptick in inflation rates.…
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ITR Filing Due Date Update: Will the Deadline Be Extended?
Introduction The Income Tax Return (ITR) filing deadline is a critical date for taxpayers in India, marking the end of a financial year’s obligation for tax submissions. With the current deadline set for September 15, 2025, many individuals and businesses are left wondering if the government will extend this date. This article delves into the…
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Stock Market Weekly Update: Top Gainers and Losers
Stock Market Weekly Update: Key Highlights This week has been eventful in the stock market, showcasing significant movements across small, mid, and large-cap stocks. Investors are keenly observing trends as the market adjusts to changing economic conditions and corporate earnings reports. Let’s delve into the top gainers and losers of the week and explore the…
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US Stock Funds on the Decline: Is the Market Rally Nearing Its End?
The Current State of US Stock Funds The recent performance of US stock funds has raised eyebrows among investors. After a lengthy period of market rallies, signs suggest that these funds are experiencing a notable decline. This article will delve into the factors contributing to this downturn and explore whether the bullish trend we’ve seen…
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Infosys Announces Unprecedented Share Buyback Program
Introduction to Infosys’ Share Buyback Program Infosys, a global leader in technology services, has announced a significant share buyback program, marking an unprecedented move in the company’s history. This initiative aims to enhance shareholder value and demonstrate the company’s commitment to rewarding its investors. The program is pending shareholder approval, set to unleash substantial benefits…