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MCX Shares at ₹2,970.80: UBS Signals More Upside After Fresh Upgrade
MCX shares are trading at ₹2,970.80 after UBS upgraded the stock to Buy from Neutral on August 12, 2026. The brokerage raised its price target to ₹3,800 from ₹3,600, citing strong Q1FY27 earnings, favorable regulation, and steady trading volumes. The upgrade reverses UBS’s own downgrade from May 29, 2026, when it flagged concerns over peak…
Toyota Ex-Chief Hiroshi Okuda Dies at 93, Prius Pioneer Gone
Hiroshi Okuda, former Toyota president who championed the Prius hybrid and led the automaker’s global rise, has died at 93. He was the first non-founding family member to lead Toyota in 28 years.
Duke Energy Restores Power to Thousands as 115,000 Remain Without Electricity After Ohio Storms
Duke Energy crews work to restore power after severe storms left over 115,000 customers without electricity across Ohio, Kentucky, and Indiana. More storms possible August 13.
Gold Price Today: XAU/USD Rises 0.7% to $4,400 as Investors Await US CPI for Fed Rate Clues
On August 12, 2026, the spot gold price climbed 0.7% to hover near $4,400 per ounce. Traders pushed XAU/USD higher as global markets braced for key US Consumer Price Index data. Weak July non-farm payrolls added only 23,000 jobs, shifting market expectations for Federal Reserve rate cuts. Middle East geopolitical friction and robust central bank…
Asian Stocks Rise as KOSPI Surges on Chip Rally, Nasdaq 100 Futures Gain 0.4% Ahead of US CPI
Asian stocks climbed on August 12, 2026, as a fresh rally in chip shares pushed South Korea’s KOSPI sharply higher. Strong gains in major semiconductor companies lifted technology sentiment, while Nasdaq 100 futures rose about 0.4% before the latest US inflation data. Investors were watching closely to see whether the CPI report would support hopes…
US 30-Year Bond Yield Hits 5.28%, Highest Since 2007, as Inflation Fears Mount
US 30-year Treasury yield hits 5.28%, highest since 2007. Inflation fears, Middle East tensions, and Fed credibility doubts drive long-end surge. Australia’s 10-year yield approaches 5%.
FTSE 100 Live: Index Falls 7.39 Points to 10,836.80 as Investors Await US CPI, Brent Near $89.51
The FTSE 100 fell 7.39 points to 10,836.80 on Wednesday, August 12, as investors remained cautious before a closely watched US inflation reading. The July US CPI report was due later in the day, with economists expecting annual inflation to ease to 3.4% from 3.5% in June. Meanwhile, Brent crude stayed close to $90 a…
Gold Hits $4,400 as JPMorgan Targets $5,000 by Year-End
Gold rallies to 10-week high near $4,400 as JPMorgan forecasts $5,000 by Q4 2026. The bank cites central bank demand and economic shifts as catalysts for further gains.
ATO Alleges Adgemis Companies Claimed $1B in Fake Expenses, Pocketed $78M in GST Refunds
ATO alleges Adgemis-linked JAGA Group Constructions claimed $1.05 billion in fake expenses and received $78 million in GST refunds. His CFO has accused him of knowingly using dodgy tax claims.