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Dollar's share of global reserves declines, many countries see gold as a s
Updated : 1 year, 4 months ago IST
Central banks around the world could continue expanding their gold reserves amid ongoing geopolitical uncertainties, as highlighted in a recent report by Quantum Mutual Fund.
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India's forex reserves decline for fifth week, possibly due to RBI selling
Updated : 1 year, 4 months ago IST
India's foreign exchange reserves fell for the fifth consecutive week after reaching an all-time high last month.
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India better positioned than Asian peers on trade linkages with China: Rep
Updated : 1 year, 4 months ago IST
While many EM Asian countries have been hard hit, India's position is somewhat better due to its relatively lower dependency on trade with China, according to a report by Emkay.
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Taiwan indicts couple for promoting Chinese political agenda amid military
Updated : 1 year, 4 months ago IST
The Voice of America reported that the couple, Chang Meng-Chung and his wife, Hung Wen-ting have been indicted for promoting the agenda after receiving billions of dollars from the Chinese authorities.
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Rupee hits all time low, dollar appreciates amid possibility of Trump retu
Updated : 1 year, 4 months ago IST
Amid the rising possibility of Donald Trump returning to White House, the dollar on Wednesday strengthened while the Indian rupee hit all-time low of 84.25 against US dollar.
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Rupee depreciated marginally in Oct compared to bloodbath in other currenc
Updated : 1 year, 4 months ago IST
The Indian Rupee depreciated marginally in October by 0.3 per cent compared to the bloodbath witnessed in other major currencies, highlighted a report by Bank of Baroda.
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Trump victory may lead to stronger dollar, but RBI's focus will remain on
Updated : 1 year, 4 months ago IST
A victory of Donald Trump in the upcoming US presidential elections could lead to a stronger US dollar says a report by Barclays.
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Geopolitical tensions, de-dollarisation and tech advancements boost gold d
Updated : 1 year, 4 months ago IST
Factors like de-dollarisation and geopolitical conflicts, including the ongoing Russia-Ukraine war and escalating Middle Eastern tensions, continue to drive demand for gold as a stabilising asset, said Sachin Jain, Regional CEO India of the World Gold Council on Wednesday.
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New payment systems could weaken dollar dominance and spike De-dollarizati
Updated : 1 year, 4 months ago IST
The signs of De-dollarization are evident in the commodities space, where energy transactions are increasingly priced in non-USD currencies, highlighted a report by JP Morgan.
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TripFactory and NexusDMC Parent ORN Ventures Secures $50 Million in Series
Updated : 1 year, 4 months ago IST
Singapore, October 30: TripFactory, a leading global travel platform with a strong presence in India, has raised USD 50 million in Series A funding from a prominent International Corporate Group headquartered in India. This investment values the company at half a billion dollars.
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Israel: Attempt to smuggle millions of dollars worth of cigarettes thwarte
Updated : 1 year, 4 months ago IST
Yaniv Avidan, a resident of Beer Ya'akov - a city in central Israel - was arrested on suspicion of smuggling the cigarettes.
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OPEC Fund enhances global partnerships with substantial financing commitme
Updated : 1 year, 4 months ago IST
At the 2024 World Bank-IMF Annual Meetings, the OPEC Fund for International Development announced nearly half a billion dollars in financing commitments to partner countries, aligning with global development goals in energy, climate resilience, and socio-economic advancement.
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