As central banks worldwide accelerate their gold purchases to unprecedented levels and steer clear of Bitcoin, economist Peter Schiff sees a clear signal about the future of money. In a recent post on the social media platform X, the vocal gold advocate reignited the debate between traditional bullion and cryptocurrencies, questioning why global monetary authorities…
World shares were mixed Tuesday, but London’s FTSE 100 and Hong Kong’s Hang Seng Index led regional gains as investors brushed off lingering concerns over global trade tensions. US stock futures also surged ahead of Wall Street’s reopening after the Memorial Day holiday.The FTSE 100 advanced 0.8 per cent to 8,786.34 in early trading after…
The latest SBI Research report indicates that swift rate cut transmission results in immediate downward pressure on deposit rates. (AI image) Sub-7 day fixed deposits soon? The Reserve Bank of India (RBI) has requested feedback from banks regarding the possibility of offering term deposits with durations shorter than seven days. Banks are required to provide…
Asian shares traded mostly lower in a narrow range on Tuesday following a muted session, with US markets closed for the Memorial Day holiday. US futures were flat, while oil prices dipped ahead of key economic data releases, including consumer confidence and housing prices, due later in the day. In Tokyo, the Nikkei 225 slipped…
Gold may fall further on easing trade tensions following President Trump delaying the European tariff to July 9. (AI image) Gold price prediction today: Gold rates have been fluctuating in the last few weeks and no clear upside or downside is obvious. Global events, such as Donald Trump’s tariff moves and geopolitical conflicts are shaping…
UBS AG, the multinational investment bank, has approached the Competition Commission of India (CCI) seeking approval to acquire a 4.95 per cent stake in domestic wealth management firm 360 ONE WAM Ltd (360 ONE).In a notice filed with CCI on May 22, UBS outlined that 360 ONE WAM will issue 2,05,02,939 subscription warrants on a…
MUMBAI: A contrasting tale may be playing out in the FMCG space. While the arrival of early monsoons is expected to boost consumption of soaps, shampoos, packaged food, and other household staples in rural areas, which have already been growing faster than urban areas for the past five quarters, summer sales of companies are likely…
MUMBAI: Swiss consumer goods giant Nestle has picked up a minority stake in the Indian pet food startup Drools. The Bengaluru-based company did not disclose the specifics of the deal but said it was valued at $1 billion post-investment, joining the ranks of unicorn startups. “This is a financial investment by the company, and Drools…
NEW DELHI: While American President Donald Trump’s focus is on the $45 billion trade deficit with India, a paper released Monday estimated that the US “quietly rakes in” $80-85 billion from India through education, digital services, financial operations, royalty on intellectual property, and defence exports.“These massive earnings don’t show up in the narrow goods trade…
MUMBAI: The sensex closed higher for the second straight session on Monday, driven by gains in auto and IT shares amid easing global trade tensions and supportive domestic factors, including a bumper dividend from RBI and early monsoons. The sensex rose 455 points (0.6%) to close at 82,176, its highest level in over a week….
