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Investing.com — Gold prices fell slightly on Friday as traders largely favored the dollar ahead of more signals on U.S. monetary policy from the Jackson Hole Symposium, although signs of weakening growth still kept gold above key levels. 

It’s no longer “on” and then “off” when it comes to Australia’s coal power stations, as developments this week have made clear.

movies and OTT releases are in the pipeline for you to enjoy over the weekend. Let's have a look, Theatrical Release Date: August 25, 2023 Genres: Comedy, Drama, Romance in Hindi "Dream Girl 2" is a Hindi-language comedy-drama film directed by Raaj Shaandilyaa and produced by Ekta Kapoor and Shobha Kapoor under Balaji Motion Pictures.

Saurabh Mukherjea, Founder, Marcellus Investment Managers, says «China's economic boom over the last 20 years supported commodity prices. China's economic unwinding, perhaps its economic collapse over the next 10 years, will have a deflationary impact. As and when that becomes apparent to bond markets and to central banks, the narrative that we are close to the top of the interest rate cycle will solidify. And therefore, the jitteriness that we see around interest rates, will abate over the next 12 months.» Mukherjea further says: «We are making several additions to Little Champs. We are quite enjoying the jitteriness in the market. So the one I can talk about is RHI Magnesita. We have added RHI Magnesita to Little Champs portfolio. This is actually very similar to what we did with GMM Pfaudler four years ago.»There seems to be a bit of a change in the macro narrative, whether it is local or global. Locally, we can blame it on tomato prices and onion prices. Globally, we could blame it on what is happening to the dollar index and how China is moving?The macro narrative is probably the best we have ever had.

Antarctica's iconic symbol, the emperor Penguins is at the risk of 'quasi extinction' due to the abrupt reduction in sea ice. According to a study published Thursday by researchers from the British Antarctic Survey, colonies of emperor penguins failed to breed at a level never seen before in Antarctica. The study predicted that 90% of the emperor penguins “will be quasi-extinct" by the end of the century under the current global warming trajectory.

Chakri Lokapriya, CIO & MD, TCG AMC, says “metals as a basket has underperformed. Valuations are attractive but the business momentum is just not there because of global uncertainty. Jindal Steel and Power valuation is still probably about five times EV/EBITDA. While we would stay away from the sector, may go for a couple of companies like Jindal Steel and Power and maybe Hindalco.”As we are now gearing up for the festive season, it definitely is going to be very critical for a lot of these consumer durable companies across the board. What is it that you are anticipating from this festive season and the kind of cheer it could bring for FMCG companies?FMCG companies, probably in terms of consumer staple, not much other than the traditional bounce.

Weather update: The India Meteorological Department (IMD) has predicted heavy to very heavy over heavy rains in several states till 26 August. As per IMD, heavy to very heavy rain has been predicted in Odisha, West Bengal and Sikkim, Bihar, Assam & Meghalaya, Arunachal Pradesh In Himachal, IMD has issued a yellow alert in the state for today.

economic growth likely accelerated to 7.7% in the April-June quarter, the fastest annual pace in a year, on robust service sector growth, strong demand and increased government capital expenditure, a Reuters poll found. All but two of 51 economists surveyed between Aug. 18 and Aug.

TrendMacro chief investment officer Don Luskin says a growing economy is 'like a growing boy' on 'Making Money.'

Strategy consulting firm McKinsey has admitted to 15 workplace misconduct complaints in the past five years at its Australian offices, including one of sexual harassment, and says it has settled a discrimination claim from a fired employee.

A California judge is rejecting an environmental group’s lawsuit that sought to block the state's largest utility from seeking to extend the operating life of the Diablo Canyon Nuclear Power Plant

A federal jury in Chicago has convicted a former chief of staff to longtime Illinois House Speaker Michael Madigan of lying under oath to protect his once-powerful boss

inflation stoked by vegetable prices, but steps to reduce liquidity overhang in the banking system are likely to help contain price pressures, minutes of its August 8-10 meeting showed. «Given the likely short-term nature of the vegetable price shocks, monetary policy can look through the first-round impact of fleeting shocks on headline inflation,» Reserve Bank of India (RBI) Governor Shaktikanta Das said in the minutes. «At the same time, we need to be ready to pre-empt any second-round impact of food price shocks on the broader inflationary pressures and risks to anchoring of inflation expectations.»'Similar Prognosis Earlier Proved Right' India's Consumer Price Index inflation surged to a 15-month high of 7.44% in July, shooting past the MPC's tolerance band of 2-6%.

Reliance Industries is likely to sell another 8-10% stake in Reliance Retail Ventures Ltd (RRVL) to fund expansion, retire debt and prepare for the initial public offering of the conglomerate's retail business, two senior industry executives aware of the plans said. This process will likely happen in tranches over 12-15 months and will be critical for the proposed IPO by the holding company of Reliance's retail operations, the executives said. The stake sale is crucial because at the current valuation of $100 billion (₹8.25 lakh crore), RRVL's IPO size will be humongous and the market may not have the liquidity to absorb such an offer. Hence, the company thinks, another 7-10% equity dilution will make the IPO size manageable to ensure its success since by then its valuation is also likely to go up, the people said. As per India's listing rules, the public shareholding, including those held by financial investors, of a company must be at least 25%.

Fenerbahce SK defeated FC Twente in the UEFA Europa Conference League play-off round by 5-1. The Turkish club has won all of their last seven matches. Fenerbahce beat Samsunspor 2-0 in their Super Liga campaign on Monday. Earlier on August 13, they thrashed the Gaziantep team 2-1 at the Sukru Saracoglu Stadium.

Since he took over the chair's position at the Federal Reserve in 2018, Jerome Powell has used his annual addresses at the Jackson Hole retreat to push policy agendas that have run from one end of the policy playing field to the other.

Woodside Energy has taken steps to streamline its enlarged portfolio after its merger last year with BHP Petroleum, tapping Morgan Stanley to sell its interests in the mature Macedon and Pyrenees oil and gas ventures off Western Australia.

By Michael S. Derby

₹50.02 crore, including interest, for not complying with the phased manufacturing programme norms under FAME II. It had claimed subsidies worth ₹44.3 crore. Under the norms, EV manufacturers benefiting from FAME II scheme need to manufacture the vehicles and components indigenously.

NEW DELHI : Leaders of Brics countries on Thursday invited six more nations to join them in the grouping’s first expansion since 2010. Iran, Saudi Arabia, Egypt, Argentina, Ethiopia and the United Arab Emirates will join existing members Brazil, Russia, India, China and South Africa, said South African President Cyril Ramaphosa at a briefing. The six countries are expected to become members starting 1 January.

NEW DELHI : The European Union (EU) has proposed an investment court system for dispute resolution as part of the bilateral investment treaty (BIT) under negotiation alongside the free trade agreement, European commissioner for trade Valdis Dombrovskis said. EU officials plan to discuss the proposal with finance minister Nirmala Sitharaman on Saturday, Dombrovskis said in an interview. In a sign of easing trade tensions, the EU trade chief said that settlement of outstanding disputes at the World Trade Organization (WTO) is also on the agenda.