by Jibran Munaf | August 12, 2024 | Commodities, Economy, Markets, News
Gold prices rose on Monday as investors awaited the release of key U.S. inflation data, which could provide additional insight into the U.S. Federal Reserve’s next policy move. In the UAE, gold prices rose AED0.25, with 24-carat gold inching up to AED294.75 while...
by Jibran Munaf | August 11, 2024 | Breaking, Economy, Finance, Markets, News, Trending Now
US investment research firm Hindenburg on Saturday claimed that Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch had a stake in obscure offshore entities used in the Adani money siphoning scandal. “It has been nearly 18 months since...
by Jibran Munaf | August 11, 2024 | Economy, News
Vice President Kamala Harris on Saturday strongly disagreed with former President Donald Trump’s recent suggestion that U.S. presidents should have influence over the Federal Reserve’s interest rate decisions. “I couldn’t disagree more strongly,” Harris told reporters...
by Jibran Munaf | August 10, 2024 | Economy, Expert Analysis, News
India needs to further open its economy, privatize banks, and introduce factor market reforms to elevate its growth beyond the 6.5-7% levels, said 16th Finance Commission chairman Arvind Panagariya. “The main reform we need is the privatization of banks,”...
by Jibran Munaf | August 8, 2024 | Economy, Market Commentary, News, Trending Now
JPMorgan Chase CEO Jamie Dimon said Wednesday he still believes that the odds of a “soft landing” for the U.S. economy are around 35% to 40%, making a recession the most likely scenario in his view. When asked by CNBC’s Leslie Picker if he had...
by Jibran Munaf | August 8, 2024 | Currencies, Economy, Finance, News
Chinese exporters, who have benefited from a weak yuan, are now facing a new challenge as the currency strengthens. The “offshore” yuan traded in Hong Kong surged to its strongest level for 2024, trading below 7.1 against the U.S. dollar on Monday before settling...
