Gold reversed course to slip below the key $2,000 level on Monday, pressured by a stronger dollar and higher Treasury yields, while investors looked for cues on whether the market will see a ‘one and done’ rate hike by the U.S. Federal Reserve in May. Spot gold was down 0.7% at $1,988.30 per ounce by […]
Apple Chief Executive Tim Cook will meet India’s Prime Minister Narendra Modi and its deputy IT minister as part of his visit to inaugurate the iPhone maker’s first retail store in the country this week, people familiar with the plans said. The visit by Cook to open the first official company-owned outlets in Mumbai and New Delhi this […]
The U.S. Securities and Exchange Commission on Monday charged cryptocurrency exchange Bittrex Inc and its former CEO William Shihara with operating an unregistered national securities exchange, broker and clearing agency. The SEC alleged in its complaint, which was filed in a U.S. district court in Washington, that Shihara coordinated with crypto asset issuers seeking to […]
The dollar edged higher on Monday after the April survey of business activity in New York state rose for the first time in five months and bolstered expectations the Federal Reserve will raise interest rates in May. The dollar index , a measures of the currency against six major peers, rose 0.443% after the Empire […]
India and Russia are discussing a free trade agreement (FTA), the Russian trade minister said on Monday, an announcement that could deepen bilateral commercial ties that have flourished since war broke out in Ukraine. The FTA talks mark a step-up in economic relations between the two countries despite calls from Western countries for India to […]
At least eleven people died on Sunday after suffering from sunstroke at an event attended by India’s home minister on the outskirts of Mumbai, the chief minister of Maharashtra state said. Hundreds of thousands of people attended an award function on Sunday afternoon where federal home minister Amit Shah presented an award to a well-known […]
China’s auto market, the world’s largest, is accelerating toward an electric future – leaving established global brands stuck in the slow lane. When auto executives convene in Shanghai for the auto show starting Tuesday, they will return to a sharply different market from the one they left in 2021 when the industry gathered for a […]
Kyiv aims to re-open food and grain transit via Poland as “a first step” to ending import bans at talks that began in Warsaw on Monday as countries halted grain from Ukraine to protect their local agriculture markets. The talks were likely to continue into Tuesday, a source close to the negotiations said in the […]
The trial in the $1.6 billion defamation lawsuit by Dominion Voting Systems against Fox Corp and Fox News will proceed with jury selection resuming on Tuesday rather than on Monday as previously scheduled, a judge said on Monday. Delaware Superior Court Judge Eric Davis did not provide a reason for the delay in the trial, stemming from Fox’s […]
Cryptocurrencies suffered substantial losses in 2022, with major currencies witnessing a decline of more than half from their peak value. There is an increasing demand for stricter regulation on centralised crypto exchanges, which handle vast amounts of investor assets, yet often lack adequate disclosure, regulated custody, and customer protection. This column describers how wash trading […]
