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'Buy $5-10 billion yen': Bessent's note hints at US plan to back Japan's currency

The United States Treasury is reportedly considering buying Japanese yen. This move follows reports of potential intervention in the currency market. Japanese authorities had already intervened to support their currency earlier. The dollar slipped against the yen as these reports emerged. This marks a significant intervention in support of Japan's currency.

Petrol prices on track to top $2 a litre as Bowen sounds death knell for fuel excise relief

Petrol now costs more than $1.90 a litre in every capital city, with diesel expected to exceed $2.40 a litrePetrol prices could surpass $2 a litre and diesel $2.40 in coming days, after the government’s 16-cent discount ends on Sunday.The 32-cent per litre reduction in fuel excise, introduced in March at the peak of the fuel price spike, was halved to 16 cents in July. Continue reading...

Commercial LPG prices cut by over Rs 200: Check 19-kg cylinder rates in Delhi, Kolkata

Commercial Liquefied Petroleum Gas cylinder prices have been reduced effective August 1. A 19 kg cylinder in Kolkata saw a Rs 209 price cut. Delhi experienced a Rs 202 reduction for the same commercial cylinder. This marks the second consecutive month of price decreases for commercial LPG. Domestic LPG cylinder prices remain unchanged during this period.

Bessent ‘to-do’ list shows proposal for US to buy $5-10bn of Japanese yen

Treasury secretary’s notepad, photographed by Reuters on Friday morning, prompts questions over US plansDuring a cabinet meeting at Camp David on Friday, the US treasury secretary Scott Bessent carelessly revealed plans for the US to buy $5-$10bn ⁠in Japanese yen in a scribbled “to do” list left visible to a Reuters photographer.The image, taken over Bessent’s shoulder during a portion of the meeting open to journalists, showed a Camp David notepad with the underscored words “To Do” followed by...

Cybercriminals widen net as assessees rush to meet I-T return filing deadline

Cybercriminals are targeting taxpayers during income tax return filing season. They send fake notices via WhatsApp and use cloned tax portals. These scams aim to steal banking credentials and gain device access. Attackers use malware-laden attachments and phishing websites to deceive victims. This campaign exploits the expectation of official communications from the tax department.

كرة القدم تحت تأثير الدولار: هل تخسر روحها في ميدان الاستثمارات؟

Adani to pay no company tax despite $1bn revenue from Queensland coalmine

Indian conglomerate offsets earnings from Carmichael mine to report $340.6m loss, after promising billions in taxes and royaltiesGet our breaking news email, free app or daily news podcastIndian conglomerate Adani will pay no company tax despite generating almost $1bn in revenue from coal mining in Queensland over the past year.Financial accounts show the Carmichael thermal coal operations used large costs – including production and related party logistics expenses – to offset its $963.5m revenu...

Zepto to delay IPO by 2-3 quarters, CEO tells staff

Zepto will delay its public listing by two to three quarters. The quick commerce startup faced tepid investor response on its valuation. Domestic investors offered valuations significantly lower than its last funding round. The company now seeks Rs 1,000 crore in pre-IPO funding. Zepto aims for a lower valuation of around $4-4.5 billion for this investment.

Gold loans jump 94% y-o-y, fuel bank credit growth in Q1

Gold loans fueled a significant acceleration in bank credit during Q1FY27. This segment expanded by 93.8% year on year, adding substantial value. Overall bank credit also saw robust growth, crossing a significant milestone. Credit to industry recorded its highest first-quarter expansion in recent years. Vehicle loans and medium enterprises also showed strong performance.

سر وارن بافيت: القاعدة الوحيدة التي تجعله رائد الأعمال الأكثر ثراءً في العالم!

تعلم كيف استطاع وارن بافيت، بذكائه الاستثماري الفريد، بناء ثروة تقدر بأكثر من 100 مليار دولار. اكتشف القاعدة رقم واحد التي يجب أن يعرفها كل مستثمر لتحقيق النجاح المالي.

Unlocking Wealth: Warren Buffett's #1 Rule to Get Rich and Stay Rich

What if the secret to wealth could be distilled into a single principle? Warren Buffett, the Oracle of Omaha, has a golden rule that has made him one of the richest people in the world, with a staggering net worth of over $120 billion.

Ethanol kept petrol prices lower: Govt

Ethanol blending saved consumers nearly thirty rupees per litre on petrol. Global crude prices reached one hundred thirty-five dollars a barrel recently. The government kept fuel prices unchanged for seventy-five days initially. E20 petrol now costs one hundred two rupees per litre in Delhi. Allegations of foodgrain diversion for ethanol were also rejected.

كيف جنى أغنى مليارديرات العرب ثرواتهم: أسرار لن تصدقها!

هل تساءلت يومًا كيف استطاع المليارديرات العرب بناء إمبراطورياتهم الهائلة؟ في هذا المقال، نكشف لك عن القصص المدهشة وراء ثرواتهم ومصادر دخلهم غير المتوقعة.

The Untold Stories of Arab Billionaires: How They Built Empires Worth Billions

From oil to technology, the journeys of the wealthiest Arab billionaires are filled with ambition, innovation, and surprising twists. Discover the secrets behind their fortunes and the legacy they're creating in the modern world.

HIIT vs Cardio: أيهما يحرق الدهون بسرعة أكبر؟ اكتشف السر الآن!

هل سئمت من تمارين القلب المستمرة دون نتائج؟ اكتشف كيف يمكن أن تكون تمارين HIIT هي الحل السحري لحرق الدهون في زمن قياسي! تابع القراءة لتتعلم التفاصيل.

UAE-backed GlobalFoundries wins $300 million US award to develop faster chips - thenationalnews.com

UAE-backed GlobalFoundries wins $300 million US award to develop faster chips  thenationalnews.com

Boss of £300m used-car firm was ousted after ‘orchestrated plan’ by investors, judge rules

Multimillionaire Peter Waddell is also found to have been properly dismissed from Big Motoring World for gross misconductA multimillionaire used-car salesman was ousted from his £300m company after “a pre-conceived and orchestrated plan” devised by private equity investors that had backed his business, a high court judge has ruled.Peter Waddell, 60, was forced out as the chief executive of the Kent-based dealership Big Motoring World in 2024 in a coup that resulted in “more-or-less open warfare”...

Heaps of cash & gold, 242 vehicles & more: WB CM Suvendu lists Tulu Mondal's assets

Authorities have confiscated more than Rs 150 crore in cash, gold, and various assets belonging to mining mogul Tulu Mondal. This haul comprises numerous vehicles, petrol pumps, and several properties. Chief Minister Suvendu Adhikari attributed the rise of this illegal operation to the former Chief Minister, claiming that illegal stone mining led to a staggering Rs 15,000 crore revenue loss over a stretch of fifteen years.

سيارات فاخرة تحت 100,000 دولار: لا تصدق كيف تبدو كالمليونير!

هل تبحث عن سيارة فاخرة تجعل الجميع يلتفت إليك؟ استعد لاكتشاف أفضل السيارات تحت 100,000 دولار التي تتمتع بمظهر مذهل وميزات رائعة. إليك قائمة بأفضل الخيارات التي ستجعلك تشعر وكأنك في عالم الأغنياء!

The real reason Americans are fleeing blue states for Florida and Texas

This month, New York Comptroller Thomas DiNapoli launched a taxpayer migration dashboard showing the number of people leaving his state. To the surprise of few, New York is hemorrhaging residents, especially from its middle class. DiNapoli put it plainly: "I remain very concerned about the net loss of married, middle-class filers, and urge policymakers to continue their efforts to improve affordability for New York's families."My own analysis of five years of nationwide IRS records — covering ev...