Hormuz Reopening Would Offer Relief for Asia, but Economic Scars Will Remain
For months, Asia has suffered a physical supply crunch that will likely drag on its economies long after the crucial waterway reopens. Source link
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Gold, Silver Rate Today Live Updates: International gold, silver prices surge on US-Iran peace deal signing hopes
Gold prices advanced 2% on Monday after officials from the United States and Iran announced that they had reached an initial understanding aimed at ending hostilities between the two countries. The development triggered a decline in oil prices and reduced concerns about persistent inflation and elevated interest rates. Spot gold rose 2% to $4,304.11 an…
KKR: Leveraged deals from 2021, treasuries to feel pressure
MUMBAI: Global investment firm KKR has said that central banks globally will start tightening this year and it has expressed caution on long-duration govt bonds, over-levered 2021 vintage deals, lower-income consumer exposure, and assets dependent on a return to the old regime of low inflation, low rates, and abundant liquidity.In its mid-year outlook report ‘The…
Currentvaluations of AI stocks a bubble: CEA
NEW DELHI: Chief economic advisor (CEA) V Anantha Nageswaran has described the current valuations of AI-related companies as a “bubble”, saying fears about AI-driven job losses may be exaggerated amid intense investor enthusiasm around the technology.Nageswaran said, “The stock market, AI-related stocks and AI-related valuations are definitely a bubble. There is no question about it.”…
Oil Prices Tumble After Trump Announces Deal With Iran
Oil prices fell and stocks gained on Sunday evening on the hope that a deal would allow more energy and other goods to flow through the Strait of Hormuz. Source link
Jean Ziegler, Swiss Gadfly Who Provoked His Countrymen, Dies at 92
In a nation that sees itself as a tranquil oasis of prosperity and business virtue, he drew death threats for pointing out a dark underside. Source link
Dalal Street outlook: Inflation, Fed verdict and crude oil in focus; US-Iran deal hopes to steer market sentiment
Inflation data, the US Federal Reserve’s interest rate decision and movements in crude oil prices will be the key triggers for Indian equity markets in the coming week, analysts said.Investors will also closely watch developments surrounding the proposed US-Iran agreement, foreign investor activity and trends in global markets for further direction.“On the domestic front, investors…
‘Disclosure Day’ Ends Spielberg’s Summer Box Office Drought
Steven Spielberg’s original science-fiction movie collected an estimated $44 million in North America, giving the director his first new-to-the-screen summer hit in 24 years. Source link
India seeks French investment in manufacturing; Piyush Goyal pitches scale and talent
Commerce and Industry minister Piyush Goyal on Sunday invited French companies to invest in India’s manufacturing sector, pitching the country as a trusted partner offering scale, talent and innovation opportunities.Speaking at the ‘Bharat Innovates’ event in Nice in the presence of Prime Minister Narendra Modi and French President Emmanuel Macron, Goyal said India can provide…
India restricts deployment of seafarers to conflict zones, Shipping authority issues fresh advisory
Days after three Indian seafarers onboard MT Settebello were killed following a US military strike off the Oman coast, the Directorate General of Shipping (DGS) has advised maritime recruitment and placement agencies to restrict the deployment of Indian seafarers to conflict areas until further orders.In a circular, the shipping regulator also directed vessels operating in…