On Wednesday, the rupee settled at 95.08 against the American currency 2 min read Last Updated : Aug 06 2026 | 10:36 AM IST The rupee depreciated 9 paise to 95.17 against the US dollar in early trade on Thursday as the support from lower crude oil prices were offset by lingering geopolitical risks….
Key takeaway: Industry advocates believe the proposed rule changes are game-changers that could result in the formation of new mutuals, while also convincing some credit unions to consider switching charters. Forward look: The Federal Reserve is accepting comments on the proposed changes through Oct. 5. Expert quote: “This is smart regulation and largely well thought-out,”…
South Korea‘s Kospi, the world’s best-performing market of 2026, snapped a two-session gaining streak to sink 5% on Thursday as heavyweight chipmakers Samsung and SK Hynix slipped amid a global rout, deepening massive losses for the country’s retail investors. Kospi plunged more than 5% to 6,238 on Thursday, as Samsung shares tumbled over 5% and…
Krea USA nabbed a $61.8 million construction loan for a multifamily development in Lauderhill, Fla., property records show. The financing from Abanca Bank covers the 385-unit Le Parc at Lauderhill development, at 3831 Northwest 13th Street, just east of the Lauderhill Mall and North State Road 7. SEE ALSO: Blue Owl Capital Provides $106M to…
Reuters reported that capital expenditures climbed to more than US$18bn from US$2.83bn a year earlier, well above the roughly US$13bn analysts had modelled, per CNN. Almost all of it went to artificial intelligence, with SpaceX directing US$15.83bn into its xAI unit during the quarter, up from US$749m a year earlier. Bret Johnsen, the company’s chief financial officer, said he expected…
Axis Securities has identified 7 mid and smallcap stocks for August. These selections offer potential upside and are based on company growth prospects. Dalmia Bharat and LG Electronics are among the recommended midcap companies. APL Apollo Tubes and Ujjivan Small Finance Bank also feature in this list. Minda Corporation and Healthcare Global Enterprises complete the…
To make the pitch land, the scammers lean on UBP’s name, its logo, and the identities of people falsely presented as UBP employees. They send documents dressed up to look official – account statements, transfer confirmations, payment notices – often carrying the institution’s branding. UBP has confirmed it has no connection to the activity, does…
By Ruchi Bhatia and Anup Roy India’s central bank is emerging as one of Asia’s monetary policy holdouts, confident the latest oil shock won’t derail economic growth or fuel the kind of persistent inflation that would warrant higher interest rates. Reserve Bank of India Governor Sanjay Malhotra stressed a data-dependent approach…
The dispute centers on what happened next. In January 2026, the borrowers pulled their three-bureau credit reports and found the mortgage reporting inaccurate, the filing says. On the Equifax report, according to the lawsuit, the account showed a payment status of “Wage Earner Plan,” an account rating of “Derogatory,” and a creditor remark reading “Account involved in…
Writing a will is an important step in estate planning, but it is not always the final one. After a person’s death, legal heirs may still have to complete several legal formalities before property, bank accounts, shares or mutual fund investments can be transferred in their names. One of the most commonly misunderstood terms in…