Fighting Financial News

By Gram Slattery and James Oliphant

Gold rate today: Ahead of US Fed's FOMC meeting scheduled next week, gold prices remained in a broader range of $1,880 to $1,930 per ounce. However, the precious metal prices exhibited relative stability over the past week, with prices closing nearly unchanged at $1,923 levels in international market whereas it ended at ₹58,999 per 10 gm levels on MCX (Multi Commodity Exchange).

India when it takes on an unostentatious Morocco in the home tie, which will be more of a celebration of Rohan Bopanna's Davis Cup career, which will come to a halt after 21 years on Sunday. The lack of singles players who could challenge the big boys of the ATP circuit, coupled with defeats in winnable matches, has hurt the Indian Davis Cup team badly in the last few years in this team tournament, but relegation to World Group II was a new low the Indian team hit in February. It was for the first time since the new format was launched in 2019 that the Indians dropped to this level. Much has changed since India last played in the Davis Cup tie in March, when it lost 2-3 to Denmark. Indian tennis has hardly had any memorable moments this season until Bopanna reached the US Open final last week. It's not just the lack of on-court results in singles; off-court, the country also felt the disappointment of losing its only ATP 250 event.Yuki Bhambri, one of the finest players India has seen, has stopped playing the singles format.

Pune, is the town of Jejuri. Here, atop a hill, is a citadel-like turmeric-covered temple dedicated to the much-revered folk deity locally known as Khandoba. This is a collaborative ecosystem of the people, by the people, for the people, where gods exist to unite not divide. Khandoba is probably a deified form of an ancient warrior-hero (vira) who rode a magnificent horse, battled local threats, protected local people and property and brought diverse people together.

Russia's central bank has raised its key lending rate by one percentage point to 13%, a month after imposing an even larger hike

By David Shepardson

The EUR/USD dropped 0.8%, reaching 1.063, following the European Central Bank's decision to raise its policy rate by 25 basis points and its continued pessimistic outlook.

Authorities in southern India scaled up efforts to contain an outbreak of Nipah virus after two people died of the disease, which originates in animals and can in severe cases cause respiratory illness and fatal brain swelling. The second person died early this week, a Kerala health official said on Friday, while four more, including a child, have tested positive and remain under treatment. Earlier, one person died of the virus, on Aug.

Lt Gen D P Vats (retd), a BJP leader, was also present. Purohit and Anmol Maan were seen consoling the family members of Colonel Singh.

It’s been a week of “step away" stories for President Biden, the most significant of which came from the normally sympathetic David Ignatius of the Washington Post. His argument was clear and gently put: Mr. Biden is an admirable figure who’s won great victories, but age has taken too much from him.

The weapon Beijing launched over the South China Sea traveled at speeds of more than 15,000 miles an hour as it circled the globe. Flying at least 20 times the speed of sound, it could reach anywhere on earth in less than an hour. The summer 2021 test flight ended with the missile striking near a target in China, but it sent shock waves through Washington.

Read more of our recent coverage of the Ukraine war In early May Russia’s ambassador to Germany threw a party to honour Soviet victory in the second world war. Guests at the embassy, a Stalin-era colossus that occupies more German territory than the nearby parliament building, included a host of dignitaries. The last boss of communist East Germany, Egon Krenz, now 86, mingled under the chandeliers with Gerhard Schröder, chancellor of united Germany from 1998 to 2005 (and, more recently, a lobbyist for Russian energy firms).

Sachin Pilot on Friday hailed the reconstituted CWC as «very balanced» and having a «good mix» of youth and experience, while asserting that the Hyderabad meeting of the party's highest decision-making body was crucial in view of the upcoming state polls. Pilot, who along with other new faces such as Shashi Tharoor found a place in the reconstituted Congress Working Committee (CWC) last month, said he has always fulfilled with utmost sincerity any role that has been assigned to him by the party but his «heart lies in Rajasthan» and that is where he «can add most value». In an exclusive interview with PTI, Pilot said the Congress has to play a «leading role» in the INDIA bloc because it is the largest party of the alliance but asserted that everyone was being given mutual respect in the bloc. It is not about who occupies which position of power or post, all those issues would be taken up at the appropriate time perhaps even after the Lok Sabha polls, Pilot said of the Indian National Developmental Inclusive Alliance (INDIA). Asked whether the Congress would play the role of the fulcrum of the opposition alliance as it did in the UPA, the former Union minister said everyone in the alliance has a role to play but the Congress is the largest party in Parliament among the bloc and in a democracy, numbers matter. «Every constituent of INDIA is an important player and has a role to contribute.

Investing.com — The U.S. dollar retreated in early European trade Friday, while the euro rebounded from multi-month lows after the European Central Bank's latest meeting signaled the rate hike will be its last. 

By Bansari Mayur Kamdar

Investing.com — European stock markets traded higher Friday, boosted by better-than-expected Chinese economic data as well as optimism that the European Central Bank may be close to peak interest rates.

India Club, a cherished London curry house with deep-rooted connections to India's struggle for independence, will bid farewell to its patrons this Sunday, unable to thwart a hotel redevelopment proposal. Nestled discreetly at the top of a steep staircase along the bustling stretch of The Strand in central London, this restaurant was established merely four years after India achieved independence in 1947. It was founded by members of the India League, a British-based advocacy group fervently supporting India's liberation from British colonial rule. Over the decades, the India Club has attracted a diverse clientele, including regulars yearning for masala dosa or bhuna lamb paired with a pint of Cobra or Kingfisher beer, as well as Londoners of Indian descent. In report by Reuters, Indian politician Shashi Tharoor, whose late father Chandran played a pivotal role in founding the India Club, expressed, «For many students, journalists, and travelers, it was a home away from home, offering simple and good quality Indian food at affordable prices as well as a convivial atmosphere to meet and maintain friendships.»Phiroza Marker, the manager of the India Club, revealed to Reuters that the establishment witnessed an influx of patrons during its final days of operation.

A.P. Moller-Maersk A/S is forming a new company that will produce green methanol in a bid to help cut emissions from the shipping industry, one of the world’s biggest polluters. The company, called C2X, will build and operate “large-scale” production facilities and expects an annual capacity of more than three million tons green methanol by 2030, according to a statement from family fund A.P.

TotalEnergies SE is in talks to invest in renewable energy projects developed by Adani Green Energy Ltd., people familiar with the matter said, potentially marking the first public deal between the French oil giant and Gautam Adani since a short-seller leveled fraud allegations against the Indian billionaire’s business empire. Total is looking to buy stakes in some of Adani Green’s projects as part of its drive to expand its portfolio of clean energy projects, said the people, who asked not to be identified as the discussions are private. The French group could invest about $700 million in total into the projects, one of the people said. Deliberations are ongoing and there’s no certainty for a transaction, the people said.

rare bacteria. Parents took cross-country runner and piano player Mathias Uribe to doctors with «flu-like symptoms». But his condition worsened and he was taken to the emergency where he suffered cardiac arrest. He was given CPR and was airlifted to the pediatric ICU at Monroe Carell Jr. Children's Hospital at Vanderbilt. Doctors put him on life support treatment.

Vladimir Putin and Kim Jung Un gifted each other rifles when they met in Far Eastern Russia, the Kremlin said on Thursday, confirming the isolated Russian leader will visit North Korea as Moscow woos another pariah state. The Russian president, who has sought to strengthen alliances with other hardline leaders ostracised by the West, met with Kim on Wednesday amid speculation they would agree on an arms deal. Russia is eager for ammunition to continue fighting in Ukraine, while North Korea wants Moscow's help to develop its missile programme. Putin «gave (Kim) a rifle from our production of the highest quality. In return, he also received a North Korean-made rifle,» Kremlin spokesman Dmitry Peskov said. Putin also gifted the North Korean leader a «glove from a space suit that has been to space several times.» Kim, who seldom leaves his country, held talks with Putin at the Vostochny cosmodrome.