Israel Financial News

US Dollar weak global trends, gold prices on MCX traded on a lacklustre note on Wednesday. Gold futures on MCX rose Rs 34 or 0.05% to Rs 71,182 per 10 grams while MCX July silver contracts gained Rs 111 or 0.13% to Rs 82,989 per kg. Gold and silver prices lost momentum and closed on a negative note on Tuesday.

University of Chicago on Tuesday after administrators who had initially adopted a permissive approach said the protest had crossed a line and caused growing concerns about safety. University President Paul Alivisatos acknowledged the school's role as a protector of freedom of speech after officers in riot gear blocked access to the school's Quad but also took an enough-is-enough stance. «The university remains a place where dissenting voices have many avenues to express themselves, but we cannot enable an environment where the expression of some dominates and disrupts the healthy functioning of the community for the rest,» Alivisatos wrote in a message to the university community.

Gold prices were steady on Wednesday, while market participants awaited fresh cues from U.S. Federal Reserve officials for further clarity on the timeline for potential interest rate cuts.

Oil prices fell in early Asian trading hours on Wednesday after market sources said that data from the American Petroleum Institute showed an increase in U.S. crude and fuel stockpiles, an indicator of weak demand. Brent crude oil futures fell 21 cents, or 0.3%, to $82.95 a barrel by 0020 GMT. U.S. West Texas Intermediate crude futures fell 13 cents, or 0.2%, to $78.25 a barrel.

Gaza's vital Rafah border crossing on Tuesday in what the White House described as a limited operation, as fears mount of a full-scale invasion of the southern city as talks with Hamas over a cease-fire and hostage release remain on a knife's edge.

₹1,307 crore for the quarter ended March (Q4FY24), surpassing analysts' expectations. Net profit rose 36% year-on-year, primarily driven by strong performance in the US market. In an exchange filing, the Hyderabad-based company said that revenue increased to ₹7,083 crore during the quarter, a 12% year-on-year (YoY) growth, fuelled by solid sales in North America and emerging markets.

Stocks saw their best three-day rally since November, fueled by speculation the Federal Reserve will be able to cut interest rates this year.

The New York Times and The Washington Post were awarded three Pulitzer Prizes apiece for work in 2023 that dealt with everything from the war in Gaza to gun violence, and The Associated Press won in the feature photography category for coverage of glob...

French President Emmanuel Macron has put trade disputes and Ukraine-related diplomatic efforts at the top of the agenda for talks with visiting Chinese President Xi Jinping

Pulitzer Prize ceremony on May 7, honoring excellence in American journalism, literature, drama, and music. Widely regarded as the highest honor in their respective fields nationwide, this year's awards took place against a backdrop of extraordinary circumstances.

Israel carried out strikes on the Gazan city of Rafah overnight as it sought to put «pressure» on Hamas ahead of talks in Egypt on Tuesday aimed at sealing a truce proposal endorsed by the militants. After having vowed for weeks to push into the southern border town, Israel called on Monday for Palestinians in eastern Rafah to leave for an «expanded humanitarian area» ahead of a ground incursion. An AFP correspondent in the city reported heavy bombardment throughout the night, while the Kuwaiti hospital there said Tuesday in an updated toll that 11 people had been killed and dozens of others injured in Israeli strikes.

Pro-Palestinian protesters that had been blocked by police from accessing an encampment at the Massachusetts Institute of Technology on Monday broke through fencing, linked arms and encircled tents that remained there, as Columbia University canceled its university-wide commencement ceremony following weeks of pro-Palestinian protests. Sam Ihns, a graduate student at MIT studying mechanical engineering and a member of MIT Jews for a Ceasefire, said the group has been at the encampment for the past two weeks and that they were calling for an end to the killing of thousands of people in Gaza. «Specifically, our encampment is protesting MIT's direct research ties to the Israeli Ministry of Defense,» he said.

Donald Trump is accusing Joe Biden of offering a weak response to antisemitism, wielding the clashes on colleges campuses over the war in Gaza as a campaign issue. But Trump's attacks ignore his own long history of rhetoric that invokes the language of Nazi Germany and plays on stereotypes of Jews and politics. The latest example came over the weekend, when Trump — accusing the White House of having a role in his multiple state and federal criminal prosecutions — told Republican donors gathered for a private retreat at his Florida resort that Biden is running a «Gestapo administration,» referring to the secret police force of Nazi Germany. Amy Spitalnick, CEO of the Jewish Council for Public Affairs, called it a «deliberate tactic» to attack Biden and distract from his own track record.

Oil prices ticked up early on Tuesday after Israel struck Rafah in Gaza while negotiations for a ceasefire with Hamas continued without resolution. Brent crude futures were up 46 cents, or 0.55%, at $83.79 per barrel at 0010 GMT, while U.S. West Texas Intermediate (WTI) crude futures rose 46 cents, or 0.59%, to $78.94 a barrel.

Rafah the way it is envisioned as of now. «We've made quite clear our position on Rafah for some time, which is that we cannot support an operation in Rafah as it is currently envisioned. We have made clear — the Secretary made this clear in his conversations with Prime Minister Netanyahu and other members of the Israeli Government last week — that we have not seen a humanitarian plan that is credible and that is implementable,» State Department spokesperson Matthew Miller said in a press briefing on Monday (local time).

Gold prices edged up for a second session on Tuesday, after recent economic data boosted bets that the Federal Reserve would cut interest rates later this year.

Hamas on Monday agreed to a Gaza ceasefire proposal from mediators, but Israel said the terms did not meet its demands and pressed ahead with strikes in Rafah while planning to continue negotiations on a deal. The developments in the seven-month-old war came as Israeli forces struck Rafah on Gaza's southern edge from the air and ground and ordered residents to leave parts of the city, which has been a refuge for more than a million displaced Palestinians.

China's gold consumption rose 6% in first quarter this year; what is driving the rally? "The downside that we've seen over the last few weeks might actually be running out of steam, opening (the) door for gold prices to resume their upward trajectory," Daniel Ghali, commodity strategist at TD Securities, was quoted as saying Reuters. On Friday, data revealed that job growth in the U.S. decelerated more than anticipated in April, with the rise in annual wages dropping below 4.0% for the first time in nearly three years.

Brent, WTI shed 6% as oil heads for steepest weekly drop in 3 months: What's cooling down the commodity? During the previous week, both futures contracts experienced their most substantial weekly decline in three months. Brent witnessed a decline of over 7%, while WTI saw a decrease of 6.8%.

Israel called on Palestinians to leave eastern Rafah Monday ahead of a ground invasion of the southern Gaza city, amid increasing global alarm about the consequences of such a move. The evacuation call followed disagreement between Israel and Hamas over the Palestinian militant group's demands to end the seven-month war, during weekend negotiations in Cairo.

Arvind Kejriwal while the Karnataka sexual abuse scandal dominated political discourse in some places. Several companies including Godrej Consumer Products and Bombay Dyeing declared fourth quarter results while the Bombay High Court granted Jet Airways founder Naresh Goyal interim medical bail for two months. Thousands of Palestinians fled the south Gaza on Monday as the Israeli military prepared for a possible ground invasion.