Tag: market reaction
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Adani SEC Summons: India Ministry Blocks Service, Market Drops
Overview: Ministry blocks service of SEC summons to Adani Group The Indian Ministry of Law and Justice has refused to accept service of the U.S. Securities and Exchange Commission (SEC) summons on certain Adani Group entities, citing technical objections. Court filings reviewed by The Indian Express indicate the ministry’s position and the elapsed time since…
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Trump Buys Netflix, Warner Bros Bonds After Merger Announcement
Overview: Trump cites investment after entertainment merger news In the wake of a blockbuster merger announcement in the entertainment sector, reports indicate that former President Donald Trump reportedly purchased about $1 million in bonds tied to Netflix and Warner Bros. This move has sparked renewed questions about the boundaries between politics and personal finance, especially…
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Dollar Weakens as Prosecutors Probe Fed Chair Powell: Markets React
Overview: A shocking twist in U.S. markets The dollar and U.S. financial markets moved swiftly after reports that federal prosecutors have opened a criminal inquiry involving Federal Reserve Chair Jerome Powell. While investigations of central bankers are rare and sensitive, the development jolted traders who have grown used to the Fed’s independence being shielded from…
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FTSE 100 Rises as Budget Cuts Dividend Tax Hits Markets
FTSE 100 climbs on Budget optimism, but dividend tax concerns linger The FTSE 100 edged higher today, gaining about 82 points to 9,691 as investors weighed a Budget that promised relief in dividend taxation while also highlighting new levies on wealthier households, mansions, and certain gambling activities. The session reflected a nuanced market reaction: relief…
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US Plans 100% Tariff on Chinese Imports, Trump Says
Trump Announces 100% Tariff on Chinese Imports and Export Controls President Donald Trump asserted on Truth Social that the United States will implement a sweeping 100% tariff on imports from China, effective November 1, 2025, with potential adjustments if Beijing reacts further. The surprise post also pledged export controls on all critical US-made software, adding…