Asian stocks today: Markets inch higher after Wall Street’s record rally; HSI adds over 200 points, Kospi trades flat

Asian shares inched higher on Monday as investors weighed political and economic developments in the United States, while the dollar slipped amid concerns over the independence of the US Federal Reserve.HSI jumped 208 points or 0.79% to 26,439. Japan’s Nikkei also climbed 822 points or 1.6% to 51,939. Shenzhen and Shanghai also added 1.2% and…

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India seeks global cooperation on renewable energy

NEW DELHI: Union minister Pralhad Joshi on Sunday called for international cooperation to support developing countries in scaling up renewable energy capacity without compromising development aspirations. The minister for New and Renewable Energy (MNRE) made the remarks at the 16th IRENA Assembly in Abu Dhabi, UAE, an official statement said. He noted that the global…

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Bank holiday on Swami Vivekananda’s birth anniversary: Will banks remain shut on January 12? Check state-wise list

Bank holiday on Swami Vivekananda’s birth anniversary: Banks will be observing multiple holidays in January 2026, ranging from regional festivals to nationwide observances. On January 12, some banks will remain closed to mark the birth anniversary of Swami Vivekananda. Keeping track of bank holidays is essential for planning financial activities, as physical banking services will…

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‘On its way to US’: Trump makes big claim on Venezuela oil; says ‘yes’ to 50 million barrels worth $4.2bn

Washington is working “along really well” with Venezuela, US President Donald Trump said on Sunday (local time), pointing to oil shipments from the country. Speaking to reporters aboard Air Force One, Trump was talking about US’s approach towards the new leadership in Caracas after Nicolas Maduro was captured by American forces. “Venezuela is really working…

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Federal Reserve Chair Powell says DOJ has subpoenaed central bank, threatens criminal indictment

Federal Reserve Chair Jerome Powell said Sunday the Department of Justice has served the central bank with subpoenas and threatened it with a criminal indictment over his testimony this summer about the Fed’s building renovations. The move represents an unprecedented escalation in President Donald Trump’s battle with the Fed, an independent agency he has repeatedly…

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System update: FIU tightens rules for crypto transactions

NEW DELHI: In an effort to eliminate illegal activity in the digital asset market, India’s Financial Intelligence Unit (FIU) has unveiled stringent new anti-money laundering (AML) and know your customer (KYC) protocols for cryptocurrency exchanges, including mandatory liveness detection and geographical tracking during the onboarding process. The updated guidelines, issued on Jan 8, classify crypto…

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VinFast crosses 1,000 EV sales in India

CHENNAI: In a significant boost to its India strategy, Vietnamese electric vehicle maker VinFast has crossed the 1,000-unit mark in cumulative electric car sales in the country-an impressive milestone for a new entrant achieved in just about four months. The growth comes as the company steadily expands its sales and service footprint while strengthening its…

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