Jane Street has told staff it will contest a ban by India’s financial regulator which has accused the U.S. high-frequency trading giant of market manipulation.Nurphoto | Nurphoto | Getty ImagesJane Street has told staff it will contest a ban by India’s financial regulator which has accused the U.S. high-frequency trading giant of market manipulation, adding that its practices in question were “basic index arbitrage trading”.Jane Street said it was “beyond disappointed” by what it called “extremely inflammatory” accusations from the Securities and Exchange Board of India (SEBI) and is working on a formal response, according to an internal email sent to employees over the weekend that was seen by Reuters.The email did…
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U.S. President Donald Trump and First Lady Melania Trump on the South Lawn of the White House on July 4, 2025, in Washington, DC. U.S.Eric Lee | Getty Images News | Getty Images Paramours wanting to court each other have, through the decades, moved on from love letters to Instagram DMs.But some form of that epistolary tradition remains today in the stately realm of politics. U.S. President Donald Trump revealed Monday that he had written letters to the leaders of 12 countries, informing them of new tariff rates due to begin on Aug. 1.Upon first reading, the letter is enough…
A shopper carries bags with promotional merchandise while visiting fashion retailer Shein’s Christmas bus tour, in Manchester, Britain, December 13, 2024. Temilade Adelaja | ReutersOnline fast fashion giant Shein has confidentially filed for an initial public offering in Hong Kong in a bid to apply pressure on U.K. regulators and accelerate its long embattled listing ambitions, according to the Financial Times.The Chinese-founded, Singapore-based retailer privately submitted a draft prospectus last week with the Hong Kong exchange (HKEX) and courted the approval of the China Securities Regulatory Commission (CSRC), two sources familiar with the matter told the newspaper.The HKEX, CSRC, U.K. Financial…
Shigeru Ishiba, Japan’s prime minister, speaks during a news conference at the prime minister’s official residence in Tokyo, Japan, on Monday, Nov. 11, 2024.Kiyoshi Ota | Via ReutersU.S. President Donald Trump’s tariff letters that threaten steep duties on several countries, including key allies, have led to “shock” and “regret” even as nations expressed optimism that negotiations would yield favorable results.Japanese Prime Minister Shigeru Ishiba said the latest tariff announcement was “truly regrettable,” while stressing that he would continue negotiations with the U.S. government, according to local media reports.Japan is among the two nations set to to see an increase in…
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The evening skyline in Victoria, Australia.Prasit Photo | Moment | Getty ImagesAustralia’s central bank held its policy rate at 3.85%, saying it needed more time to assess inflation data. Economists polled by Reuters had been expecting a cut of 25 basis points to 3.6%.In its statement Tuesday, the Reserve Bank of Australia said it was waiting for “a little more information to confirm that inflation remains on track to reach 2.5 per cent on a sustainable basis.””While recent monthly CPI Indicator data suggest that June quarter inflation is likely to be broadly in line with the forecast, they were, at…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s episode of CNBC Crypto World, major cryptocurrencies trade lower along with stocks as traders weigh the latest developments on the trade front. Plus, AI hyperscaler CoreWeave confirms it will acquire Core Scientific, a leading data center infrastructure provider. And, Bit Digital CEO Sam Tabar discusses the firm’s move to convert its entire treasury to ETH.10:10Mon, Jul 7 20253:13 PM EDT Source link
U.S. President Donald Trump holds a law enforcement event in the Oval Office of the White House in Washington, D.C., May 19, 2025. Kevin Lamarque | ReutersU.S. President Donald Trump said on Monday the United States would be sending more weapons to Ukraine to help the war-torn country defend itself against Russian attacks.Speaking to reporters at the White House, Trump said Ukraine was getting hit very hard by Russia and needed to be able to defend itself. The United States would be sending primarily defensive weapons, he said.Trump on Friday told reporters that Ukraine would need Patriot missiles to defend itself, but did not mention them again specifically on Monday.”We’re going to send some more weapons. We have to. They have to be…
The ‘Fast Money’ traders talk the impact of the latest tariff news from Pres. Trump on the markets. Source link
A search and rescue volunteer holds a T-shirt and backpack with the words Camp Mystic on them in Comfort, Texas on July 6, 2025. Danielle Villasana | The Washington Post | Getty ImagesThe death toll from catastrophic flooding in Texas over the July Fourth weekend surpassed 100 on Monday as search-and-rescue teams continued to wade into swollen rivers and use heavy equipment to untangle trees as part of the massive search for missing people.Authorities overseeing the search for flood victims said they will wait to address questions about weather warnings and why some summer camps did not evacuate ahead of the flooding…
