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Global Market | China moves to cool yuan rally, eases FX forward rules

Economictimes.indiatimes.com 

China's central bank is intervening to slow the yuan's rapid climb. The People's Bank of China is removing foreign exchange risk reserve requirements for certain forward contracts. This move encourages dollar buying and cools the currency's surge. The yuan had reached a near three-year high against the US dollar. This policy adjustment signals policymakers' concern over the pace of appreciation.



Brady Tkachuk bloodied, given misconduct penalty in NHL return with Senators

Economictimes.indiatimes.com 

Brady Tkachuk returned to the Ottawa Senators with a rough start. He suffered a bloody nose and received a misconduct penalty after a hit from Detroit Red Wings player Simon Edvinsson. Tkachuk also addressed a controversial AI-generated TikTok video. He clarified the video was fake and did not represent his views.

Quote of the Day by German philosopher Immanuel Kant: All our knowledge begins with…’

Economictimes.indiatimes.com 

Immanuel Kant, a renowned German philosopher, believed all knowledge stems from experience. He argued that our senses gather information, but the mind actively organizes and interprets it. This foundational idea shaped subsequent philosophy. Kant's insights highlight the interplay between encountering the world and our internal mental processes. His work remains influential.

From Rs 157 to just Rs 25: Ola Electric shares plunge 84% from peak. Should you catch this falling knife?

Economictimes.indiatimes.com 

Ola Electric shares have plummeted 84% from their peak, wiping out significant investor wealth and now trading below their issue price. The company faces intense competition, regulatory scrutiny, and declining market share, leading to downgrades from major brokerages. Analysts suggest a cautious approach due to persistent headwinds and a negative market structure.


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