New Delhi: Private sector lender Axis Bank has announced a host of changes in the terms and conditions of its credit cards that will kick in from 20 December 2024. Here are the details regarding Axis Bank Credit Card Rules Changing From 20 December 1. Finance/Interest charges Finance/Interest charges applicable on your credit card will be levied at a revised interest rate of 3.75% per month, from the current rate of 3.6% per month. This change will be effective 20th Dec 2024. This change will be applicable on all Axis Bank retail credit cards, except the cards mentioned below, for…
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Here is what you need to know on Wednesday, December 18: Financial markets remain quiet midweek as investors stay on the sidelines while getting ready for the Federal Reserve (Fed) to announce its monetary policy decisions following the last meeting of the year. During the European trading hours, Eurostat will release revisions to Harmonized Index of Consumer Prices (HICP) readings for November. Ahead of the Fed decision, November Housing Starts and Building Permits data will be featured in the US economic docket. US Dollar PRICE Last 7 days The table below shows the percentage change of US Dollar (USD) against…
By Anna Tong (Reuters) – Artificial intelligence startup Basis has raised $34 million in a Series A funding round for its AI-powered accounting automation product, the company said on Tuesday. The round was led by Khosla Ventures. Other investors included NFDG, the AI-focused fund run by former GitHub CEO Nat Friedman and former Apple executive Daniel Gross, OpenAI board members Larry Summers and Adam D’Angelo, and Google’s chief scientist Jeff Dean. New York-based Basis is part of a category of AI startups creating autonomous agents, or systems that use AI to perform actions on their own. Executives in the field…
Image source: Getty Images The US might have a monopoly on artificial intelligence (AI) but there are still a few FTSE 100 shares that could benefit. Sure, the British aren’t big on building semiconductor chips or developing generative AI tools. Yet local businesses are finding ways to harness the groundbreaking tech in powerful ways. By integrating advanced AI solutions into their day-to-day operations, UK companies are beginning to discover the true potential it has to offer. So here are a few worth considering. Sage One of the leading AI-driven growth companies in the UK is Sage (LSE: SGE). Many people will…
The European Union’s compliance and voluntary carbon markets, as they currently stand, cannot sustainably fund carbon-removal technologies. But policymakers can use regulation, such as requiring firms to purchase negative emissions credits, to promote investment and deployment of this green solution across the bloc. BERLIN/PARIS – The European Union has committed to achieving net-zero greenhouse-gas (GHG) emissions by 2050, and there are strong signals that EU policymakers will approve a new target to reduce emissions by 90% by 2040. The science is clear on what must be done to limit global warming to 1.5º Celsius above preindustrial levels: rapid and dramatic…
Investing.com — UBS strategists expect to build on its gains heading into 2025. The bullion has remained steady around $2,650/oz this week, constrained by the strength of the US dollar, rising US Treasury yields, and improved risk appetite for US equities. Gold rose 28% since the start of the year, outperforming the equity index. In a note published Wednesday, UBS strategists highlighted several catalysts expected to continue driving upside in gold prices next year. Among those are central banks’ accumulation of gold, which UBS believes will continue in 2025 as part of their diversification strategies. Data from the International Monetary…
Investing.com — According to a report by , Honda (NYSE:) and Nissan (OTC:) Motor (TYO:) are considering entering negotiations for a potential merger, which could also involve Mitsubishi Motors Corp. (TYO:), in which Nissan holds a roughly 24% stake. A merger between Honda and Nissan would result in a company valued at $54 billion, with an annual production of 7.4 million vehicles. This would position the combined entity as the third-largest automotive group globally by sales volume, following Toyota (NYSE:) and Volkswagen (ETR:). Japan-listed shares in Nissan and Mitsubishi Motor surged 23% and 19% on Wednesday, respectively, while Honda fell…
Investing.com — UniCredit SpA (BIT:) said on Wednesday that it had increased its potential stake in Germany’s Commerzbank (ETR:) to 28% through new derivative agreements, up from 21% previously. The Italian bank has sought approval from the European Central Bank to raise its stake further, up to 29.9%. UniCredit stated that it is engaging with regulators as the authorization process continues. Currently, it directly owns 9.5% of Commerzbank and holds an additional 18.5% via derivatives. “UniCredit’s average entry price for the entire position is below current trading levels,” the bank noted, suggesting the investment could be sold at a profit.…
Image source: Getty Images Having some portfolio exposure to S&P 500 stocks has really paid off this year. Over in the US, a lot of stocks have soared in 2024. In 2025, it’s highly likely that the US stock market will throw up more opportunities for investors. With that in mind, here’s a look at a S&P 500 stock that Goldman Sachs believes could rise nearly 60% next year. A well-known name The stock I’m going to zoom in on today is Uber Technologies (NYSE: UBER). It’s a major global transportation and food delivery company. Its share price has been…
VANCOUVER, BC, Dec. 18, 2024 /PRNewswire/ – December 18, 2024 “ Sydney, Australia Patriot Battery Metals (TSX:) Inc. (the “Company” or “Patriot”) (TSX: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) is pleased to advise that Ken Brinsden, the Company’s President, CEO and Managing Director, will host a live investor webinar today, December 18, 2024, following the announcement of an equity investment, off-take and strategic partnership with Volkswagen (ETR:) Group and PowerCo. Mr Brinsden will discuss the strategic rationale and implications of the transaction for Patriot and its strategy to develop the Shaakichiuwaanaan Lithium Project in Quebec, Canada. There will be…