Germany’s economy, which is considered the heart of Europe, is showing troubling signs of decline. Once celebrated for its resilience, Germany’s economy now stands out as the slowest-growing among the G7 and Eurozone countries. Recent IMF forecasts show a projected 0.2% contraction in 2024 and only 0.8% growth in 2025—far…
China’s gold consumption slipped more than 11% on a year-on-year basis for the January-September period due to higher prices. China consumed 741.732 tons of gold, down 11.2% year-on-year during the first three quarters of 2024, the China Gold Association said on Monday. The Asian giant is one of the top…
Olympus Corp shares fell over 7% on Monday, marking the steepest intraday decline in nearly three months, following the announcement that CEO Stefan Kaufmann had resigned from all roles effective immediately. Kaufmann resigned following allegations of illegal drug purchases, according to reports. Olympus, once recognized for its cameras and imaging…
China’s central bank, the People’s Bank of China (PBOC), has announced the expansion of its monetary policy tools by introducing an outright reverse repurchase agreements (repos) facility. This monthly tool will allow banks and non-bank institutions to borrow against sovereign, local government, and corporate bonds, with agreements set to last…
Indian equities opened positively on Monday, October 28, fueled by robust buying in blue-chip stocks like ICICI Bank, SBI, and Infosys. At 10:55 AM IST, the S&P BSE Sensex soared by 935 points, or 1.18%, reaching 80,337, while the NSE Nifty50 gained 249 points, or 1.03%, climbing to 24,430. Top…
As the festive week approaches, Indian equity markets are showing signs of recovery after five consecutive days of declines. On Monday, the BSE Sensex surged 856 points (1.08%) to reach 80,258.63, while the Nifty50 climbed 236 points (0.98%) to 24,417 by 10:40 AM. These gains provide some relief for investors,…
China’s gold consumption slipped more than 11% on a year-on-year basis for the January-September period due to higher prices. China consumed 741.732 tons of gold, down 11.2% year-on-year during the first three quarters of 2024, the China Gold Association said on Monday. The Asian giant is one of the top…
Silver price hit a fresh 12-year high on Tuesday before erasing those gains on Wednesday. At the time of writing, it was trading at $33.63, down by 3.47%. Geopolitical tensions in the Middle East and uncertainties surrounding the US elections have continued to support the metal’s prices. However, its upside…
The USD/JPY exchange rate rose for the fifth consecutive week ahead of several important economic data from the United States and the upcoming Bank of Japan (BoJ) interest rate decision. It soared to a high of 153.20, its highest level since July, and is about 10% higher than the lowest…
Crude oil prices continued their recent downward trend as geopolitical risks eased during the weekend. The West Texas Intermediate (WTI) crashed by 4.35% to $68.50, while Brent, the global benchmark, dropped by 4.57% to $72.3. The two oil benchmarks have remained in a deep bear market after falling by over…