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South Korean shares trigger trading curb for first time since 2020 amid tech rout
The Korea Exchange activated sidecar trading curbs on the KOSPI market, halting program trading for five minutes on Monday, as the benchmark KOSPI fell 5% by 11:11 a.m. local time, following a 3.7% drop on Friday, marking its worst session since March 2020.
Delhi-NCR traffic comes to a halt as heavy rains cause widespread flooding
Heavy rainfall in Delhi and the National Capital Region (NCR) on Wednesday caused severe waterlogging, disrupting traffic and daily life. The India Meteorological Department has issued a red alert, predicting continued heavy rain until August 5. The downpour has affected transportation, including flight diversions and extensive water accumulation in key areas. Authorities are addressing waterlogging issues to minimize public inconvenience.
'Software glitch' halts online transactions of cooperative sector banks
A software glitch has disrupted online transactions at nearly 300 banks across India for the past three days, primarily affecting cooperative banks. The National Payments Corporation of India (NPCI) suspects a ransomware attack and has temporarily isolated the software. The issue, linked to 'C-Edge' software by TCS and SBI, has caused problems with RTGS and UPI payments. Banks, including 17 in Gujarat, are awaiting restoration as the RBI works to resolve the issue.
Jammu-Jodhpur express train halted in Punjab after bomb threat call
An express train going from Jammu to Rajasthan's Jodhpur was halted at Kasu Begu station in Firozpur, Punjab after police received a phone call regarding a bomb threat onboard, officials said on Tuesday. Ferozepur SSP Saumya Mishra said that police teams have reached the spot and an investigation is underway.
India's duty cut halts concessionary silver, platinum imports from UAE
India has ended its silver and platinum imports from the UAE due to removal of concessionary duties, as per a recent trade agreement. The cessation follows New Delhi's decision to reduce import taxes, diminishing the duty arbitrage bullion dealers had been exploiting. On Tuesday, the world's second-largest bullion consumer cut import duties on gold and silver from 15% to 6%.
Pickup in retail inflation flared up by food prices has halted India's disinflation process: RBI Bulletin
Inflation remains a significant concern for the Indian economy, as the uptick in June 2024 has halted its disinflation path. The Reserve Bank of India (RBI) reported that consumer price inflation increased after three consecutive months of moderation, with a flare-up in vegetables prices halting the overall disinflation. Inflation is approaching targets, but the pace of disinflation has slowed somewhat.
China says halted nuclear arms talks with US over Taiwan weapons sales
China said Wednesday it had suspended negotiations with the United States on nuclear non-proliferation and arms control in response to Washington's weapons sales to Taiwan -- a move the State Department called "unfortunate." "For this reason, China has decided to suspend negotiations with the United States on a new round of arms control and non-proliferation consultations," he added.
Coal scam: Supreme Court halts evidence recording
Many individuals and entities allegedly involved in the coal scandal had approached the top court seeking quashing of the proceedings initiated against them by the Enforcement Directorate as they have been made witness by the Central Bureau of Investigation in the predicate offence.
Greenko Mauritius halts dollar bond issuance, seeks alternative bank borrowing
Initially, the proposed notes, rated BB by Fitch and Ba2 by Moody's, were expected to price a 3.5-year bond under 7%. However, Earlier this year, Greenko Mauritius deferred the bond due to interest rate volatility. The $425 million bridge loan remains outstanding and is due by September 30, 2024.
GIFT City's ambitious Formula 1 track plan comes to a grinding halt
ET had reported on 11 March that Gujarat Sports Authority had invited top international F1 racetrack designers to make presentations on the feasibility of building a F1 racetrack at GIFT City.
Pakistan stock exchange resumes trading after 2-hour halt on fire
There were no casualties and the fire has been contained, said Farrukh Khan, chief executive officer at Pakistan Stock Exchange. The situation is under control and employees have been allowed to get back into their offices, the exchange said in a statement.
Uttarakhand: Vehicular movement halted at Badrinath National Highway due to falling debris
The Badrinath National Highway in Chamoli district, Uttarakhand, has faced severe disruptions due to debris accumulation at multiple locations. Chamoli Police reported blockages near Bhanerpani, old Nagar Panchayat Pipalkoti, Kanchen Ganga, Chhinka Paagalnala, and Helang. These incidents have stranded commuters and locals, impacting traffic significantly. Efforts by local authorities and police to clear the debris have been ongoing, with interruptions in vehicular movement lasting for several hours at different points along the highway.
Mumbai halts for victory parade as all roads lead to Marine Drive
South Mumbai saw severe traffic snarls as a sea of people gathered at Marine Drive for the Indian cricket team’s victory parade. Trains to Churchgate and Chhatrapati Shivaji Maharaj Terminus were packed. Roads echoed with patriotic chants from Tricolour-waving fans in blue jerseys, despite intermittent rains. Security personnel, with megaphones, guided crowds. Marine Drive was full by evening, causing gridlock in southern Mumbai, with vehicles bumper to bumper. Motorists faced long delays. Civic-run BEST buses were halted due to parking and overcrowding, affecting ten routes. The Marine Lines to Chowpatty journey took hours. The parade’s significance led to massive disruptions.
Israel 'evaluating' new Hamas 'ideas' on halting Gaza war
Hamas has submitted new proposals to Qatari mediators to end the ongoing Gaza conflict with Israel. Israel is evaluating these suggestions regarding a hostage exchange deal with Hamas, amidst mounting international pressure for a ceasefire. Hamas insists on a permanent ceasefire and complete Israeli troop withdrawal from Gaza. Qatar, Egypt, and Turkey are involved in mediation efforts, with the United States supporting a roadmap proposed by President Joe Biden aimed at achieving peace and Gaza's reconstruction.
SC mandate may halt fresh Ad releases
The Advertising Standards Council of India (ASCI) has urged advertisers and broadcasters to refrain from releasing new advertisements between June 18 and July 9, awaiting clarity from the Supreme Court on the self-declaration certificate (SDC) mandate. The Ministry of Information and Broadcasting (MIB) has instructed advertisers to submit SDCs before publishing, airing, or displaying new ads from June 18 onwards. Existing advertisements can continue to run, as SDCs are only required for new ads.
NYSE glitch sparks volatility in dozens of stocks
A glitch at the NYSE caused major swings in Berkshire Hathaway and Barrick Gold shares, leading to trading halts in multiple companies. The issue was resolved, with impacted stocks resuming trading after a technical problem was fixed.
NYSE glitch sparks volatility in dozens of stocks
At least 60 stocks listed on the NYSE were halted due to volatility and some stocks showed unusual outsized movements.
Shares of China Evergrande's EV unit soar after liquidators' stake sale deal
Shares of China Evergrande New Energy Vehicle Group doubled after liquidators agreed to sell a stake in the EV maker.
Toyota repeatedly halted Mexico plant after suppliers hit by worker shortage, sources say
Toyota Motor faced production halts at Mexico plant due to labour shortages and supply chain disruptions, affecting Tacoma pick-up truck output. North American plants experienced delays due to supplier issues. Challenges with parts makers, electric vehicle delays, safety scandals, governance issues, and financial performance impacted Toyota amidst economic growth and personnel shortages.
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