Gold prices opened on the Multi Commodity Exchange (MCX) on Friday at Rs 69,475 per 10 grams and hit an intraday low of Rs 69,297. In the international market, prices hovered around $2,279.76 per ounce. Meanwhile, silver opened at Rs 79,339 per kg and hit an intraday low of Rs 78,777 on the MCX. In … Read more
Gold prices opened on the Multi Commodity Exchange (MCX) on Thursday at Rs 66,497 per 10 grams and hit an intraday low of Rs 66,465. In the international market, prices hovered around $2,196.32 per ounce. Meanwhile, silver opened at Rs 74,779 per kg and hit an intraday low of Rs 74,744 on the MCX. In the … Read more
The Biden administration is considering blacklisting a number of Chinese semiconductor firms linked to Huawei Technologies Co. after the telecom giant notched a significant technological breakthrough last year, people familiar with the matter said. Such a move would mark another escalation in a US campaign to ringfence and curtail Beijing’s AI and semiconductor ambitions. It … Read more
Witnessing India’s tremendous economic progress, the country has become the leading destination for NRIs, attracting a significant influx of NRI-led investments or businesses. Given the abundance of investment opportunities, from mutual funds, and bonds to real estate, the country has myriad options that are bound to tantalise every NRI’s financial palette. Apart from the lucrative … Read more
Washington: The US is working with other G7 members to compete with China‘s Belt and Road Initiative through a network of infrastructure projects, including a railroad connecting Saudi Arabia with Europe, President Joe Biden said. On the sidelines of the G20 Summit in September, key leaders of the world led by Prime Minister Narendra Modi … Read more
US President Joe Biden and Australian Prime Minister Anthony Albanese toasted Wednesday their shared stand on Israel, Ukraine and China during a lavish state visit aimed at deepening their countries’ century-old alliance. “The alliance between Australia and the United States is an anchor to peace and prosperity,” the 80-year-old president said during a day of … Read more
The Federal Reserve’s latest move to raise its policy rate, marking the 11th increase in 12 meetings, has sparked widespread discussion in economic circles. The overnight interest rate at 5.25%-5.50% now stands at its highest level in 22 years, prompting the European Central Bank to follow suit with its 9th consecutive rate hike, reaching levels … Read more
COMEX Gold prices started the week on a negative note as mixed data from the US coupled with weak economic data from the European peers bolstered the greenback. US Services activity slowed more than forecast in July, however, manufacturing activity rebounded to a three-month high. At the same time, European and UK Services activity eased … Read more
A Chinese J-16 fighter flys aggressively close to a U.S. RC-135 aircraft flying in international airspace over the South China Sea on Friday, May 26, 2023. | Photo Credit: AP A Chinese fighter jet carried out an “unnecessarily aggressive” manoeuvre near a U.S. military plane over the South China Sea in international airspace, the United States said on Tuesday. … Read more
As pandemic-era asylum restrictions ended early on May 12, migrants in northern Mexico faced more uncertainties about a new online system for appointments to seek asylum in the U.S. Some migrants still waded apprehensively into the Rio Grande, defying officials who shouted for them to turn back, while elsewhere along the U.S.-Mexico border people hunched … Read more