The ZIM stock price has remained in a technical bear market, declining by over 37% from its peak in December. It was trading at $12.95 on Monday, dragging its market cap from $3.26 billion to the current $1.56 billion. So, is ZIM a good buy as the World Container Index…
Gold price has continued to surge this year, becoming the best-performing major asset. It has soared by almost 30% and is nearing the important resistance point at $3,500. Analysts have boosted their gold forecasts, with Goldman Sachs estimating that it will hit $3,700. Some pros anticipate that gold will hit…
India’s benchmark equity indices, the Nifty 50 and Sensex, continued their upward march for a sixth consecutive session on Tuesday, April 22, though the day’s gains were notably more subdued compared to the robust advances seen earlier in the winning streak. Underlying market sentiment remained positive, however, driven by sector-specific…
As Beijing halts deliveries of Boeing’s US-made aircraft in response to new tariffs, Asian airlines are sensing an opportunity to expand their fleets, looking to snap up the planes being rejected by China. According to Bloomberg, Air India Ltd. is seeking to secure Boeing Co. aircraft initially designated for Chinese…
Shares of metal companies rose up to 2% on Monday, tracking gains in broader markets, after the Indian government imposed a 12% safeguard duty on certain steel imports. The decision, aimed at curbing the influx of cheaper steel from countries like China, came into effect immediately and will remain in…
President Donald Trump’s sustained public criticism of Federal Reserve Chair Jerome Powell, stemming from the central bank’s current stance against further interest rate cuts, has sent ripples of unease through financial markets. The escalating rhetoric has fueled investor fears that the President might take the unprecedented step of attempting to…
Gold prices retreated from a fresh record high hit on Tuesday, but remained 1.5% higher than the previous trading day. President Donald Trump’s threat to dismiss US Federal Reserve Chair Jerome Powell triggered a flight to safe-haven assets, driving gold prices to unprecedented highs on Tuesday. “Bullish traders pause for a breather…
As Beijing halts deliveries of Boeing’s US-made aircraft in response to new tariffs, Asian airlines are sensing an opportunity to expand their fleets, looking to snap up the planes being rejected by China. According to Bloomberg, Air India Ltd. is seeking to secure Boeing Co. aircraft initially designated for Chinese…
Famed investor Jim Cramer says Nvidia Corp (NASDAQ: NVDA) has become a “meme stock” following its warning of a massive hit to earnings last week. According to the former hedge fund manager, investors should lower their exposure to NVDA as US export restrictions could lead to more pain for the AI…
Asian stock markets edged lower at Thursday’s open, snapping a multi-day winning streak as investor anxieties flared following pointed criticism of Federal Reserve Chair Jerome Powell by President Donald Trump, which ignited concerns over the central bank’s independence and triggered a sell-off in US assets overnight.Trump’s Fed criticism roils sentimentA…