Trade Financial News

Why are gold and US dollar rates moving in same direction? — explained In March, China's central bank disclosed an addition of 160,000 troy ounces of gold to its reserves. Alongside, countries including Turkey, India, Kazakhstan, and various Eastern European nations have also engaged in gold purchases throughout the year. “The gold and silver market continues its relentless climb.

U.S. Treasury Secretary Janet Yellen has met with Chinese Premier Li Qiang and sent a message of mutual cooperation despite the nations’ differences

U.S. Treasury Secretary Janet Yellen says upcoming U.S.-China talks will tackle a top Biden administration complaint that Beijing’s economic model and trade practices put American companies and workers at an unfair competitive disadvantage

Two lawmakers from opposing parties are floating a new plan to protect the privacy of Americans' personal data

China’s burgeoning production of electric cars and other green technologies has become a flashpoint in a new U.S.-China trade fight

Discount carrier Spirit Airlines said it is deferring all aircraft on order from Airbus that were scheduled to be delivered in the second quarter of 2025 through the end of 2026

In the realm of meme coins, cat-themed tokens are overtaking the spotlight from dog-themed ones like MYRO, SHIBA, DOGE, and DUKO. Projects like Cat in a Dogs World (MEOW) and Book of Meow (BOMEOW) are tickling everyone’s funny bone and gaining massive attention. Cats are having their moment. However, traders are now on the lookout for new mascots that could spark a fresh trend and potentially deliver potential gains. As these cat coins continue to capture investors’ imaginations, traders are now turning their gaze toward potential new mascots that could usher in a fresh wave of excitement and opportunity. Let’s delve into an overview of these trending cat coins and explore the potential for new mascots to shake up the meme coin landscape. MEOW’s Meteoric Rise:

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₹401 trillion milestone. Meanwhile, the National Stock Exchange of India (NSE) declared that it will remain shut on May 20 on account of voting for the Lok Sabha Election 2024 in Mumbai. In another news, the Congress moved the Election Commission of India with six complaints, two of which were directed against Prime Minister Narendra Modi.

NEW DELHI : Power distribution companies in the national capital are gearing up to meet record demand for electricity amid expectations of a scorching summer as the world’s largest democracy goes to the polls. According to the State Load Despatch Centre, Delhi, peak power demand in the national capital may cross 8,000 MW for the first time.

There are going to be a lot of happy faces when investors open their upcoming quarterly investment statements because global markets have had an excellent start to the year.

Demat Account: A demat account is primarily used for holding and trading securities such as stocks, bonds, mutual funds, and exchange-traded funds (ETFs) in electronic form. It allows investor to buy, sell, and transfer securities seamlessly. Bank Account: A bank account is used for storing and managing money.

Also Read: Demat accounts: Everything you should know about the annual maintenance charges on them This robust support from retail investors propelled the Indian stock market to unprecedented highs, positioning it as one of the top 5 markets globally. During today's trading session, the market capitalisation of BSE-listed firms reached ₹400 lakh crore for the first time. While opening a demat account in India is a matter of hours, maintaining it necessitates certain precautions that retail investors should carefully observe.

LCH will provide clearing through its new DigitalAssetClear service for cash-settled Bitcoin index futures and options contracts traded on the UK-based digital asset derivatives trading venue, GFO-X. Launching later this year, LCH DigitalAssetClear will operate a fully segregated clearing service - including a segregated default fund and a dedicated set of clearing rules - for market participants clearing these instruments.

capital hit an all-time high on Monday and jumped Rs 350 to Rs 71,700 per 10 grams following a pick-up in safe-haven demand for the precious metal, according to HDFC Securities. The yellow metal prices have seen remarkable gains so far in 2024, becoming costlier by over Rs 7,700 per 10 grams. In the previous session, gold had ended at Rs 71,350 per 10 grams.

foreign portfolio investors (FPIs) would have an impact on the movement of rupee against the US dollar bringing it to the downside on occasion. While the USD-INR pair is expected to remain in a range between 82 and 84 for FY 2025, in the near term 83.50 looks like a strong resistance for the pair while 82.50 acts as a strong support. These aforementioned support and resistance levels will remain sacrosanct for the Reserve Bank of India (RBI) and the Central Bank will likely keep the pair within this range to ensure all-round stability.

Global bonds dropped and stocks posted mostly small moves as traders pared their expectations for interest-rate cuts in the face of resilient readings on the US economy.

India's silver imports surged by 260% in February to a record high, as lower duties encouraged large purchases from the United Arab Emirates (UAE), government and industry officials told Reuters, adding they were on track to increase by 66% this year. Higher demand in India, the world's biggest silver consumer, could support global prices trading near their highest in three years. India imported a record 2,295 metric tons of silver in February, up from 637 tons in January, said a government official, who declined to be named as he was not authorised to talk to the media.

Shares of IDFC First Bank Ltd.(up 2.3 per cent), Axis Bank Ltd.(up 1.61 per cent), IndusInd Bank Ltd.(up 1.03 per cent), State Bank of India(up 0.47 per cent) and ICICI Bank Ltd.(up 0.35 per cent) ended the day as top gainers in the pack.

BEIJING—When Treasury Secretary Janet Yellen met her Chinese counterpart in Switzerland early last year, she tiptoed around controversial issues, only raising trade disagreements during a brief, one-on-one coffee break with Liu He, then China’s vice premier, according to people familiar with the meeting. In China over the past few days, Yellen wasn’t so shy. She hammered Chinese officials for exporting too many clean-energy goods, warning regional officials, as well as Vice Premier He Lifeng and Premier Li Qiang, to scale back industrial production.

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