It was the worst week for the stock market since the crash at the onset of the Covid-19 pandemic.
The prospect of interest rate hikes by the Federal Reserve is on the cards with a meeting planned for Tuesday and Wednesday of the coming week. Investors are hoping for more guidance on the central bank’s plan to raise rates. An already dramatic crash in the crypto markets became yet more drastic as hundreds of billions of dollars were lost by investors over the week.
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The ‘Black Friday’ Crypto Crash That Wiped Out $136B Was Caused By…With every top coin suffering the brunt of the crash, here are the possible reasons as to why it happened and what you can expect next.
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India's HDFC Capital raises $1.8 billion from ADIA, others for low-cost housingNEW DELHI : India's HDFC Capital, a private equity investment manager, said on Sunday it has raised $1.8 billion from investors, lead by a unit of sovereign wealth fund Abu Dhabi Investment Authority (ADIA), for its third low-cost housing fund.This includes an upfront amount of $1.2 billion with an additi
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India must take stock after 3-0 series loss to South Africa, says RahulCAPE TOWN : India captain KL Rahul said there needs to be some 'hard conversations' for the team after their 3-0 defeat in the one-day series against a relatively inexperienced South Africa side.India were expected to take the series and were boosted by the fact that all three games were played on pitches Haar gaye ye b match 😭😑
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South32 warns of labour issues from pandemic as quarterly coking coal output fallsAustralia\u0027s South32 on Monday (Jan 24) warned of potential impact from workforce restrictions due to the coronavirus pandemic at its flagship Illawarra project in the second half, as it reported about a 15 per cent drop in second-quarter coking coal output. The diversified miner follows heavyweights B
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‘I’ve already sold my daughters; now, my kidney’: winter in Afghanistan’s slumsCrushing poverty is forcing starving displaced people to make desperate choices
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Bitcoin falls 5.6per cent to $34,448Bitcoin dropped 5.6per cent to $34,448.94 at 18:10 GMT on Saturday, losing 1,878.27 from its previous close.Bitcoin, the world's biggest and best-known cryptocurrency, is up 1.8per cent from the year's low of $34,000 on Jan. 22.Ether, the coin linked to the ethereum blockchain network, dropped 8.4p
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »