1d ago
Solana improvement proposal SIMD-0228 passes by a narrow margin, targeting an 80% cut in SOL inflation
Solana improvement proposal SIMD-0228 passed by a narrow margin, a measure the market has dubbed the “double disinflation” proposal. The plan centers on sharply reducing SOL’s token inflation rate, with a projected drop of about 80% if fully implemented. The change would directly affect staking yields and is intended to ease long-term selling pressure by reducing new token issuance. The proposal’s adoption still depends on implementation by node operators.
SOL
SOL+2.06%
1d ago
1d ago
HAL shares rise nearly 2% after GE delivers 3 Tejas engines; Goldman Sachs reiterates Buy
Hindustan Aeronautics (HAL) shares rose nearly 2% in early trade on Friday after GE Aerospace delivered three F404-IN20 engines in August, taking total deliveries for the Tejas Mk1A programme to 10. Engine supply had been a key bottleneck for the project. Goldman Sachs maintained its Buy rating on HAL with a target price of 5,870 rupees. The Indian Air Force has ordered 180 LCA Mk1A jets from HAL, while GE is required to deliver 99 engines under a 2021 contract.
1d ago
1d ago
Asian stocks rise ahead of August U.S. payrolls as Waller comments ease rate-hike fears
Asian equities advanced on Friday in line with a global rally as investors awaited key U.S. jobs data. Comments from Federal Reserve Governor Christopher Waller helped ease rate-hike concerns, pulling U.S. Treasury yields and the dollar lower, according to Reuters. The yen strengthened 2.6% for the week to around 155.7 per dollar, while markets trimmed the implied probability of a rate increase at this month’s meeting to 50% from about 63%.
1d ago
2d ago
Raw sugar drops from 17-month high as India import expectations ease
New York raw sugar futures retreated sharply from a 17-month high, falling as much as 4.8% intraday for the biggest drop since May. Prices had surged more than 21% last month after India allowed up to 1 million tons of duty-free raw sugar imports, stoking concerns about tight supply. But softer domestic prices in India have damped expectations for overseas purchases, with Rabobank estimating actual imports at 500,000 to 600,000 tons.
2d ago