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Asian markets extremely down, gold touches $1,678 mark

Mar 06, 2020 05:00 am UTC| Commentary Investing

All the major Asian indices were trading on a lower note on Friday. Gold was trading around $1,678 mark while silver was trading around $17.40 mark. Japans Nikkei was trading 2.92 pct lower at 20,700.50...

Australian and US rate cuts underline seriousness of the coronavirus crisis

Mar 06, 2020 03:44 am UTC| Investing Central Banks

This week the Reserve Bank of Australia did something everyone expected and the US Federal Reserve did something almost nobody expected. Both are revealing. At its monthly meeting Australias central bank cut official...

Asian markets noticeably up, gold trades flat at $1,640 mark

Mar 05, 2020 04:25 am UTC| Commentary Investing

All the major Asian indices were trading on a higher note on Thursday. Gold was trading around $1,640 mark while silver was trading around $17.21 mark. Japans Nikkei was trading 0.60 pct higher at 21,227.50...

South Korean won trades marginally lower as current account data misses expectations

Mar 05, 2020 01:36 am UTC| Technicals Investing

EUR/KRW is currently trading around 1,320 mark. It made intraday high at 1,321 and low at 1,318 levels. Intraday bias remains neutral till the time pair holds key support at 1,322 mark. A sustained...

America’s Roundup: Dollar rebounds after Fed rate cut blow, Wall Street surges, Gold steady, Oil rises $1-March 5th,2020

Mar 04, 2020 19:41 pm UTC| Market Roundups Investing

Market Roundup Biden sweeps South in Democratic presidential primaries US Feb ADP Nonfarm Employment Change 183K, 170K forecast, 209K previous Canada Labor Productivity (QoQ) (Q4) -0.1%,0.2% previous US...

Europe Roundup: Euro near two-month highs, European shares rise, Gold retreats, Oil rises $1 as OPEC, allies work on big output cut-March 4th,2020

Mar 04, 2020 13:05 pm UTC| Market Roundups Investing

Market Roundup German Jan Retail Sales (MoM) 0.9%,1.0% forecast, -2.0% previous German Jan Retail Sales (YoY) 1.8%,1.5% forecast, 1.7% previous Swiss Feb CPI (MoM) 0.1%,0.2% forecast, -0.2% previous Swiss...

Asian markets mixed, gold touches $1,652 mark in early Asia

Mar 04, 2020 04:51 am UTC| Commentary Investing

All the major Asian indices were trading on a mixed note on Wednesday. Gold was trading around $1,642 mark while silver was trading around $17.24 mark. Japans Nikkei was trading 0.40 pct higher at 21,160.50...

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Economy

Viksit Bharat 2026: Fiscal Muscle, Factory Revival, and the War on Speculation

Finance Minister Nirmala Sitharamans Union Budget 202627 pursues the Viksit Bharat vision vigorously by combining severe fiscal discipline with a huge growth push. Driven by a 7% GDP growth objective and a lowered fiscal...

IMF Forecasts Global Inflation Decline as Growth Remains Resilient

Global inflation is expected to continue its downward trend over the coming years, according to new projections from the International Monetary Fund (IMF). The IMF estimates that global inflation will fall to 3.8% this...

EU Recovery Fund Faces Bottlenecks Despite Driving Digital and Green Projects

Across Spains olive groves and vineyards, sensors and drones funded by the European Unions massive post-pandemic recovery plan are collecting soil data to power AI-driven farming. These projects reflect the core ambition...

JPMorgan Lifts Gold Price Forecast to $6,300 by End-2026 on Strong Central Bank and Investor Demand

JPMorgan has raised its year-end 2026 gold price forecast to an ambitious $6,300 per ounce, reinforcing its bullish outlook on the precious metal despite recent market volatility. The bank points to sustained and...

Philippines Manufacturing PMI Hits Nine-Month High Despite Weak Confidence Outlook

The Philippines manufacturing sector showed a notable rebound at the start of the year, as the SP Global Philippines Manufacturing Purchasing Managers Index (PMI) climbed to a nine-month high of 52.9 in January, up from...

Politics

Medvedev Warns World Is Growing More Dangerous but Says Russia Seeks to Avoid Global Conflict

Dmitry Medvedev, Russias deputy chairman of the Security Council and a senior Kremlin security official, has warned that the global situation is becoming increasingly dangerous, while stressing that Russia does not want a...

Laura Fernandez Set to Become Costa Rica’s Next President, Promising Sweeping Political Change

Laura Fernandez is poised to become Costa Ricas next president, marking a significant political shift as she pledges to continue and deepen the populist agenda of outgoing President Rodrigo Chaves. Her victory signals a...

Starmer’s China Visit Highlights Western Balancing Act Amid U.S.-China Rivalry

British Prime Minister Keir Starmers recent visit to China underscores the complex balancing act Western middle powers are attempting as rivalry between Beijing and Washington intensifies. While the trip allowed China to...

Peter Mandelson Resigns from Labour Party Amid Renewed Jeffrey Epstein Links

Former British government minister Peter Mandelson has resigned from Prime Minister Keir Starmers Labour Party following renewed media scrutiny over his past connections to disgraced U.S. financier Jeffrey Epstein. The...

Japan Election Poll Signals Landslide Win for Sanae Takaichi, Raising Fiscal Policy Concerns

Japans ruling Liberal Democratic Party (LDP), led by Prime Minister Sanae Takaichi, is poised for a decisive victory in the upcoming lower house election, according to a new opinion poll released by the Asahi newspaper....

Science

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Technology

Jensen Huang Urges Taiwan Suppliers to Boost AI Chip Production Amid Surging Demand

Nvidia CEO Jensen Huang praised and gently pushed Taiwans leading technology suppliers to ramp up production, highlighting the intense global demand for artificial intelligence hardware during a high-profile visit to the...

Oracle Plans $45–$50 Billion Funding Push in 2026 to Expand Cloud and AI Infrastructure

Oracle has announced plans to raise between $45 billion and $50 billion in 2026 as it accelerates the expansion of its cloud infrastructure to meet surging demand from major technology and artificial intelligence clients....

Elon Musk’s Empire: SpaceX, Tesla, and xAI Merger Talks Spark Investor Debate

Speculation around a potential Musk Inc has resurfaced as Elon Musks companiesSpaceX, Tesla, and xAIexplore closer ties amid rapid advances in artificial intelligence and automation. With SpaceX expected to go public later...

SpaceX Reports $8 Billion Profit as IPO Plans and Starlink Growth Fuel Valuation Buzz

SpaceX delivered a strong financial performance last year, generating an estimated $8 billion in profit on revenues between $15 billion and $16 billion, according to people familiar with the companys results. The figures,...

SpaceX Updates Starlink Privacy Policy to Allow AI Training as xAI Merger Talks and IPO Loom

SpaceX has revised its Starlink privacy policy to allow customer data to be used for artificial intelligence training, a move that could significantly support Elon Musks broader AI ambitions. The policy change comes as...