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NASDAQ:MAR News 4 January 2026

Guyana’s oil boom fuels Georgetown makeover and eco-tourism push as university picks new chancellor

Guyana’s oil boom fuels Georgetown makeover and eco-tourism push as university picks new chancellor

NEW YORK, January 4, 2026, 04:06 ET Guyana is pouring cash from its offshore oil boom into hotels, roads and “ecotourism” — low-impact travel centered on nature and local communities — as it tries to draw more visitors beyond its small Caribbean-facing capital, Travel and Tour World reported on Saturday. The push matters now because Guyana’s new oil income is…
4 January 2026
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Stock Market Today

  • STT Hike on F&O Derivatives Hits Brokerage Stocks, Sensex and Nifty Slide
    February 1, 2026, 11:27 AM EST. Finance Minister Nirmala Sitharaman's proposal to raise the Securities Transaction Tax (STT) on futures contracts from 0.02% to 0.05% in the Union Budget 2026-27 triggered a sharp fall in brokerage and exchange stocks, with the Multi Commodity Exchange dropping 11.6%, Angel One 8.6%, and IIFL Capital Services 8%. The broader market also faced heavy losses, as the BSE Sensex plunged 1.88% and the NSE Nifty fell 1.96%. Sitharaman stated the hike aims to curb excessive speculation, especially by small investors who frequently incur losses in derivatives trading. Market experts caution the increased STT will raise costs for retail and institutional traders, possibly discouraging prudent hedging strategies due to the uniform tax treatment across user types.
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