LONDON: A drubbing in world equity markets and a huge flight to safety into US Treasuries this week suggests investors now doubt that a much-anticipated return to post-COVID normality is feasible any time soon. Data from the United States and China, which account for more than half of world growth, suggests a slowdown in the … Read more
WASHINGTON: With his cult following, Tesla boss Elon Musk has amassed considerable power to move markets with his musings, but murky rules make it difficult for regulators to rein him in. The celebrity CEO, who boasts more than 54 million Twitter followers and has a devoted constituency on Reddit, has whipsawed the cryptocurrency market and … Read more
NEW DELHI: Gold and silver future rose in morning trade on Monday against the trend in the international market ahead of and due to the uncertainty over the US Presidential election outcome that is scheduled on Nov 3. Meanwhile, investors are keeping their fingers crossed as despite Joe Biden leading in the opinion polls, the … Read more
By Bill Dudley After the U.S. financial system came to the brink of collapse in 2008, Congress and regulators spent years on renovations designed to prevent that from ever happening again. More than six months into a global pandemic that has delivered another monumental shock, it’s worth asking: Were the reforms successful and sufficient? The … Read more
NEW DELHI: Gold and silver prices rose in early trade on Monday, following a steep fall in the previous session, tracking the trend in the global market and on rising worries over fast spreading Covid-19 outbreaks. India has reported over 22 lakh Covid-19 cases by now with more than 44,400 deaths. Gold tends to gain … Read more