Day: July 27, 2022

Fed’s Powell: Another ‘unusually large’ rate increase may be warranted at next meeting

Another “unusually large” increase in interest rates may be appropriate at the Federal Reserve’s September meeting, but the decision will be determined by the incoming economic data between now and then, Fed Chair Jerome Powell said on Wednesday. The Fed’s decision about whether to deliver a third straight 75 basis point increase – or something …

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US crypto exchange Kraken suspected of violating sanctions

Cryptocurrency exchange Kraken is under federal investigation for potential violation of U.S. sanctions by allowing users in Iran and elsewhere to buy and sell digital tokens, the New York Times reported, citing five people with knowledge of the matter. The U.S. Treasury Department’s Office of Foreign Assets Control has been investigating Kraken since 2019 and …

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MMT reports quarterly adjusted operating profit of $16.5 million for quarter ended June 30

MakeMyTrip has reported an adjusted operating profit of $ 16.5 million for the quarter ended June 30, compared to an adjusted operating loss of $8.6 million in quarter one of financial year 2022 . The company reported gross bookings of $ 1.6 billion that grew by 487.5% year on year and 63.3% quarter on quarter. …

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Stock market update: Sugar stocks down as market rises

NEW DELHI: Sugar shares closed higher in the Wednesday’s session. Ugar Sugar Works(up 4.65%), DCM Shriram Industries(up 2.23%), Rajshree Sugars & Chemicals(up 1.61%), Dharani Sugars & Chemicals(up 0.89%), Bannari Amman Sugars(up 0.87%), Ponni Sugars(Erode)(up 0.72%) and Balrampur Chini Mills(up 0.45%) stood among the top gainers. Kesar Enterprise(down 3.92%), Simbhaoli Sugars(down 3.38%), BAJAJHIND(down 3.11%), Sakthi Sugars(down …

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