Who Will Blink First on Trade: President Trump or Xi Jinping?
Washington and Beijing both need a trade win as steep new tariffs and tough import limits on critical minerals loom. Source link
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Gold rush ahead of Diwali: Buyers prefer bars and coins over jewellery; here’s what traders says
Gold prices surged to an all-time high ahead of Diwali and the wedding season, with buyers showing a growing preference for solid bullion such as coins and bars rather than traditional jewellery, traders said on Thursday. The price of gold on MCX touched Rs 1,28,395 per 10 grams during the day.“Gold prices are increasing every…
Families of Jeju Air Crash Victims Sue Boeing
A lawsuit in Washington State is one of several accusing the airline of failing to update equipment on a plane that crashed in South Korea last year, killing 179 people. Source link
Wipro Q2 results: Net profit rises marginally to Rs 3,246 crore; revenue up 1.7%
IT services major Wipro on Thursday reported a marginal increase in its consolidated net profit to Rs 3,246.2 crore for the July-September quarter, up from Rs 3,208.8 crore in the year-ago period, according to a regulatory filing with stock exchanges.Revenue from operations for the quarter rose 1.7 per cent to Rs 22,697.3 crore, compared with…
Nestlé to Slash 16,000 Jobs in Cost-Cutting Push
The company’s new chief executive, Philipp Navratil, announced the reductions as part of a plan to turn around the world’s largest food company. Source link
Silver hits Rs 2 lakh mark in Chennai: Festive rush, global rally lift prices to record high; market sees 28% fortnightly jump
Silver prices in Chennai crossed the Rs 2 lakh per kilogram mark on Thursday amid surging festive demand and a strong global rally in precious metals.According to data from Goodreturns, quoted by Economic Times, silver stood at Rs 2,06,000 per kg, or Rs 206 per gram, in the city’s physical market, marking a nearly 28%…
China’s Rare Earth Restrictions Aim to Beat U.S. at Its Own Game
Beijing’s latest effort to weaponize global supply chains is modeled on the American technology controls that it has long criticized. Source link
Big gains for sovereign gold bond holders: RBI sets final redemption price; 338% return on SGB 2017-18 Series-III
The Reserve Bank of India (RBI) on Thursday announced the final redemption price of Rs 12,567 per gram for the Sovereign Gold Bond (SGB) 2017-18 Series III, which is set to mature on October 16, 2025.The tranche, originally issued on October 16, 2017, had been open for subscription between October 9 and 11, 2017. The…
Gold rate today: Ahead of Dhanteras, gold prices hit record high of Rs 1.28 lakh per 10 grams; will the rally sustain?
Gold is also likely to remain a safe-haven asset, supported by concerns over rising and potentially unsustainable debt levels. (AI image) Gold rate today: Gold prices are continuing their record run, with yellow metal rising to Rs 1,28,395 per 10 grams in MCX Gold futures trading. Internationally, gold prices crossed the $4,250 per ounce mark.Gold…
Asian equities climb: Investors weigh US-China trade tensions, Fed rate cut expectations; gold rallies
Asian markets edged higher on Thursday as investors weighed escalating tensions in the US-China trade war alongside expectations that the Federal Reserve will continue cutting interest rates this year.The region’s gains follow a broadly positive session on Wall Street and mark a second consecutive day of recovery, as traders focused on softer US economic data…