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Buoyant dollar on course for its longest weekly winning streak since 2014 The dollar was headed for its longest weekly winning streak in nine years on Friday, bolstered by a resilient run of U.S. economic data that has also put the end of the Federal Reserve's rate-hike cycle into question. In Asia, traders were keenly watching moves in the Chinese currency, after the onshore yuan tumbled to a 16-year low in the previous session. The U.S. dollar index, which measures the greenback against its major peers, steadied at 105.02 in early trade, not far from th...
Buoyant dollar on course for its longest weekly winning streak since 2014
Buoyant dollar on course for its longest weekly winning streak since 2014
Source: Reuters
8/09/2023 9:17:30 AM
Asia stocks fall as global growth concerns mount Asia stocks fell on Wednesday after weak economic data in China and Europe heightened concerns over global growth, while the dollar firmed as investors weighed the outlook for U.S. interest rates. MSCI's gauge of Asia Pacific stocks outside Japan was down 0.5% at 0143GMT. Australia's S&P/ASX 200 fell 0.55% even as second-quarter gross domestic product beat forecasts with a 0.4% rise. The Hang Seng Index and China's benchmark CSI300 Index both opened down about 0.3%. ...
Asia stocks fall as global growth concerns mount
Asia stocks fall as global growth concerns mount
Source: Reuters
6/09/2023 8:45:59 AM
India`s growth rate expected to be highest in near future: Finance Secretary India's growth rate is expected to be the highest in the near future, which will make it one of the biggest development opportunities, Finance Secretary T.V. Somanathan was quoted as saying at an event, according to reports. He said that India is already the world's fifth largest economy and also the world's largest country in terms of population. Also, India's growth rate is much faster than the top four nations, namely the US, China, Japan and Germany. "We can saf...
India`s growth rate expected to be highest in near future: Finance Secretary
India`s growth rate expected to be highest in near future: Finance Secretary
Source: IANS
25/08/2023 10:02:45 AM
Germany`s Minister Volker Wissing makes mobile payment via Paytm; Embassy hails its simplicity and speed The Minister who is in Bengaluru for a G20 meeting scanned the Paytm QR code and was easily able to make the payment within seconds Paytm has revolutionised India's payment landscape with its pioneering QR code. Empowering street vendors by giving them the solution to their payment needs, the company has taken QR code to every nook and corner of the country. The German Embassy in India has also hailed India's digital infrastructure and has highlighted how seamlessly UPI transaction...
Germany`s Minister Volker Wissing makes mobile payment via Paytm; Embassy hails its simplicity and speed
Germany`s Minister Volker Wissing makes mobile payment via Paytm; Embassy hails its simplicity and speed
Source: PR Agency
22/08/2023 12:09:38 PM
World No. 1 Iga Swiatek wins Warsaw Open Poland's Iga Swiatek smashed Laura Siegemund of Germany 6-0, 6-1 on home court in the final to win the Warsaw Open title, here. The World No. 1 controlled the game from the very beginning and needed just 30 minutes to win the opening set without losing a single game. After a short break, Siegemund, who had nothing to lose, started to take more risks, but she was not able to reply to Swiatek's effective attacks, as the favorite won nine consecutive games on Sunday. Siegemund k...
World No. 1 Iga Swiatek wins Warsaw Open
World No. 1 Iga Swiatek wins Warsaw Open
Source: IANS
31/07/2023 10:43:39 AM
ABB seeing some customers shift investments away from China ABB is seeing some customers shifting investments from China to India and other parts of Asia due to geopolitical tensions, the industrial and engineering group's Chief Executive Bjorn Rosengren said on Thursday. The maker of factory robots and automation systems reported a 9% drop in new orders from China - ABB's second biggest market - during the three months to the end of June. The downturn was compensated by growth in other parts of Asia, with India increasing new orders by ...
ABB seeing some customers shift investments away from China
ABB seeing some customers shift investments away from China
Source: Reuters
20/07/2023 3:23:49 PM
Decline in Chinese garment exports to Japan provides immense opportunity for Indian apparel industry: AEPC Chairman The Apparel Export Promotion Council (AEPC) Chairman Naren Goenk has said that decline in Chinese garment exports to Japan provides an immense opportunity for the Indian apparel industry to boost shipments to the island nation. He said a strong Indian garment industry with its unique offerings has a huge scope for Japanese trading companies to source from India.  Moreover, Goenk said the duty-free access for Indian ready-made garments post-Indo-Japan free trade agreement as against ab...
Decline in Chinese garment exports to Japan provides immense opportunity for Indian apparel industry: AEPC Chairman
Decline in Chinese garment exports to Japan provides immense opportunity for Indian apparel industry: AEPC Chairman
Source: Accord Fintech
19/07/2023 12:13:19 PM
Germany`s Beck wins women`s 10km title at swimming worlds Germany's Leonie Beck won the first gold medal of the 2023 World Aquatics Championships in the women's 10 kilometers open water event here on Saturday. The 26-year-old clocked two hours two minutes and 34 seconds, beating Australia's Chelsea Gubecka to second place by 4.1 seconds, reports Xinhua. American swimmer Katie Grimes took bronze
Germany`s Beck wins women`s 10km title at swimming worlds
Germany`s Beck wins women`s 10km title at swimming worlds
Source: IANS
15/07/2023 10:05:41 AM
Wall Street cheers cool CPI with stock rally; dollar, yields decline Wall Street stocks advanced on Wednesday and the dollar and Treasury yields fell after new U.S. inflation data showed a slowdown in the seemingly relentless rise of consumer prices. The Consumer Price Index (CPI) gained just 0.2% last month, the Labor Department said on Wednesday, lifted by rises in gasoline prices as well as rents, which offset a decrease in prices of used motor vehicles. CPI advanced 3.0% in the 12 months through June, down from 4.0% in May and the smallest year-on-year ...
Wall Street cheers cool CPI with stock rally; dollar, yields decline
Wall Street cheers cool CPI with stock rally; dollar, yields decline
Source: Reuters
13/07/2023 9:05:10 AM
Ness Digital acquires German firm MVP Factory US-based IT company Ness Digital Engineering on Saturday announced the acquisition of German-headquartered corporate venture builder & product design studio MVP Factory. MVP Factory provides an end-to-end service for digital venture and product building and has successfully pioneered the venture studio model with global clients such as DB Schenker. It also allows clients to ideate, validate, launch and scale digital ventures using lean and agile methodologies, according to the compa...
Ness Digital acquires German firm MVP Factory
Ness Digital acquires German firm MVP Factory
Source: IANS
1/07/2023 2:49:27 PM
US remains atop in FIFA women's rankings The top five teams remained the same as the International Federation of Football Association (FIFA) newly released the women's rankings. The United States, Germany, Sweden, England and France are the top five teams on the rankings, which were refreshed after three months, reports Xinhua. A total of 101 international games were played during the span as teams are preparing for the upcoming FIFA Women's World Cup in Australian and New Zealand, which is to kick off on July 20. C...
US remains atop in FIFA women's rankings
US remains atop in FIFA women's rankings
Source: IANS
10/06/2023 10:00:25 AM
Football: Dortmund facing significant changes after Bellingham leaves for Real Madrid Borussia Dortmund shareholders are certainly informed about the club's official announcements, including the recent news about Jude Bellingham's transfer to Real Madrid. While this move may not have surprised many, it adds to the long list of prominent departures the Black and Yellow team has experienced throughout its history. The departures of Ousmane Dembele (2017/Barcelona/140 million euros), Jadon Sancho (2021/Manchester United/85 million euros), and Erling Haaland (2022/Ma...
Football: Dortmund facing significant changes after Bellingham leaves for Real Madrid
Football: Dortmund facing significant changes after Bellingham leaves for Real Madrid
Source: IANS
9/06/2023 12:40:49 PM
Wind power once again Germany's most important electricity source Wind energy has once again replaced coal as Germany's most important source of electricity, according to preliminary figures published by the Federal Statistical Office (Destatis). Despite a slight decrease in electricity generation compared to the same quarter of last year, wind power reached a share of 32.2 per cent in Europe's largest economy in the first quarter of 2023, Xinhua news agency quoted Destatis as saying. "The clearly defined expansion targets, the clear prio...
Wind power once again Germany's most important electricity source
Wind power once again Germany's most important electricity source
Source: IANS
8/06/2023 12:39:37 PM
Football: Ex-German international Khedira to join Flick's staff ahead of Euro 2024 German national team coach Hansi Flick is currently facing his biggest challenge since taking over as coach of the 2014 world champions in August 2021. After the disappointing 2022 FIFA World Cup in Qatar, Flick's main focus is now on building a competitive team for the UEFA Euro 2024, which will be hosted by Germany. Together with former Leverkusen director and German striker icon Rudi Voller, Flick had to work hard to regain the trust of the fans after a series of unsuccessful tou...
Football: Ex-German international Khedira to join Flick's staff ahead of Euro 2024
Football: Ex-German international Khedira to join Flick's staff ahead of Euro 2024
Source: IANS
8/06/2023 11:50:13 AM
Global housing outlook brightens despite pressure from higher rates The outlook for most major housing markets has improved slightly from three months ago despite high interest rates, according to Reuters polls of property analysts who were mostly split on whether affordability would worsen or not. House prices rose at a blistering pace across the developed world during the COVID pandemic - in some cases by more than 50% - but have fallen over the past year by modest amounts as central banks jacked up interest rates. Higher borrowing costs have made onl...
Global housing outlook brightens despite pressure from higher rates
Global housing outlook brightens despite pressure from higher rates
Source: Reuters
6/06/2023 4:15:27 PM
German, Indian companies near deal to build submarines in India - ET Now, citing agencies German and Indian companies are nearing a deal to build submarines in India, ET Now reported on Tuesday, at a time when the German defence minister is on a visit to New Delhi. India's Defence Minister Rajnath Singh and his German counterpart Boris Pistorius met on Tuesday. "India’s skilled workforce & competitive costs along with Germany’s high technologies & investment can further strengthen ties," Singh said in a statement without referring to submari...
German, Indian companies near deal to build submarines in India - ET Now, citing agencies
German, Indian companies near deal to build submarines in India - ET Now, citing agencies
Source: Reuters
6/06/2023 3:32:50 PM
German brand Blaupunkt to invest Rs 100 cr in TV manufacturing in India, eyes 10% market share German electronic brand Blaupunkt on Wednesday said it will invest Rs 100 crore in India towards its TV manufacturing in the next three years, with an aim to capture 10 per cent market share in the premium affordable segment in the country. The investment will be aimed towards new launches, manufacturing plant, sound technology, marketing and expansion plan. The company will also introduce 5 new Dolby-enabled Android/Google TVs on June 5, including 75 QLED, 65 4K(GTV), 50 4K(GTV), 43 FH...
German brand Blaupunkt to invest Rs 100 cr in TV manufacturing in India, eyes 10% market share
German brand Blaupunkt to invest Rs 100 cr in TV manufacturing in India, eyes 10% market share
Source: IANS
1/06/2023 11:23:05 AM
FDI into India decline by 22% to $46 billion in 2022-23 The Department for Promotion of Industry and Internal Trade (DPIIT) in its data showed that foreign direct investment (FDI) into India declined by 22 per cent to $46 billion in 2022-23, as compared to $58.77 billion during 2021-22. The fall in FDI was mainly due to lower inflows in computer hardware and software, and automobile industry. Total FDI inflows, which include equity inflows, re-invested earnings and other capital, declined by 16 per cent to $70.97 billion in the last fiscal as agai...
FDI into India decline by 22% to $46 billion in 2022-23
FDI into India decline by 22% to $46 billion in 2022-23
Source: Accord Fintech
30/05/2023 9:53:55 AM
Global stocks and oil prices rise following US debt ceiling agreement Global stocks and oil prices moved higher on Monday as investors gave a cautious welcome to news of an agreement that could avert a catastrophic US debt default, media reports said. Germany's DAX was up 0.3 per cent in early trade, with France's CAC 40 edging up 0.2 per cent. In Asia, Japan's Nikkei 225 closed at a 33 year high, boosted by optimism over the debt ceiling deal and a weaker yen, which lifted exporters. The index has rallied nearly 20 per cent this year, CNN report...
Global stocks and oil prices rise following US debt ceiling agreement
Global stocks and oil prices rise following US debt ceiling agreement
Source: IANS
30/05/2023 9:44:46 AM
CBDT notifies 21 countries from where investment in unlisted Indian startups to be exempt from angel tax The Finance Ministry has notified 21 countries, including the US, UK and France, from where non-resident investment in unlisted Indian startups will not attract angel tax. However, the list excludes investment from countries like Singapore, Netherlands and Mauritius. The government had in the Budget brought overseas investment in unlisted closely held companies, except DPIIT recognised startups, under the Angel Tax net. Following that, the startup and venture capital industry sought exemption...
CBDT notifies 21 countries from where investment in unlisted Indian startups to be exempt from angel tax
CBDT notifies 21 countries from where investment in unlisted Indian startups to be exempt from angel tax
Source: Accord Fintech
26/05/2023 9:53:33 AM
Germany falls into recession  Germany has fallen into recession after high prices took a bigger toll on the countrys economy than originally anticipated, official data revealed on Thursday. The data by Germany's federal statistical office showed gross domestic product (GDP) fell by 0.3 per cent in the first quarter compared with the previous three months, which also recorded a contraction, reports the Guardian. The revised numbers confirm that the German economy shrank for two straight quarters -- the tech...
Germany falls into recession
Germany falls into recession
Source: IANS
25/05/2023 2:21:06 PM
Germany`s foreign trade weakens after strong start to 2023 German exports in March were down 5.2 per cent on the previous month, while imports even declined by 6.4 per cent, according to provisional figures published by the Federal Statistical Office (Destatis). "The declining figures are related to the strong start to the year," Dirk Jandura, president of the Federation of German Wholesale, Foreign Trade and Services (BGA), said on Thursday. "The negative import figures are the late effects of the strong dollar in the autumn and...
Germany`s foreign trade weakens after strong start to 2023
Germany`s foreign trade weakens after strong start to 2023
Source: IANS
5/05/2023 1:13:46 PM
German government slightly improves economic outlook for 2023 The German government expects the country's gross domestic product (GDP) to increase by 0.4 per cent in 2023, up from 0.2 per cent projected in late January. Next year, Europe's largest economy is to grow more strongly again at 1.6 per cent, reports Xinhua news agency. "After the Covid-19 crisis, the German economy is also proving to be adaptable and resilient in the energy crisis," Minister for Economic Affairs and Climate Action Robert Habeck said in a statement on W...
German government slightly improves economic outlook for 2023
German government slightly improves economic outlook for 2023
Source: IANS
27/04/2023 10:46:22 AM
Bosch acquires US chipmaker TSI Semiconductors for $1.5 bn German conglomerate Bosch on Wednesday said it is acquiring US chipmaker TSI Semiconductors for $1.5 billion and converting its manufacturing facilities to state-of-the-art processes. With the planned acquisition, Bosch will significantly expand its global portfolio of silicon carbide (SiC) semiconductors by the end of 2030. Starting in 2026, the first chips will be produced on 200-millimeter wafers based on the innovative material silicon carbide. "With this planned investment ...
Bosch acquires US chipmaker TSI Semiconductors for $1.5 bn
Bosch acquires US chipmaker TSI Semiconductors for $1.5 bn
Source: IANS
27/04/2023 9:27:21 AM
Germany expands energy grid for offshore wind farms in North Sea A 7 billion euro deal to connect offshore wind farms in the North Sea to the German energy grid has been signed by Siemens Energy and Spain's Dragados Offshore, the two companies announced. Siemens and Dragados have signed a framework agreement with the German-Dutch transmission system operator TenneT to supply high-voltage direct current transmission technology for three grid connections, reports Xinhua news agency. The agreement ensures that a total of 6 gigawatts (GW) of offshore...
Germany expands energy grid for offshore wind farms in North Sea
Germany expands energy grid for offshore wind farms in North Sea
Source: IANS
21/04/2023 12:01:43 PM
Neeraj Chopra to begin Diamond League defence in Doha Reigning Olympic champion and world silver medallist Neeraj Chopra will begin his Diamond League title defence from Doha meeting on May 5. Due to injury, Chopra missed the 2022 Doha meet, where Grenada's two-time world champion, Peters, recorded the fifth-longest throw in history with his 93.07m attempt. The current Indian national record holder, who improved his lifetime best by almost two metres with a throw of 89.94m for second at last year's BAUHAUS-Galan in Stockholm, was c...
Neeraj Chopra to begin Diamond League defence in Doha
Neeraj Chopra to begin Diamond League defence in Doha
Source: IANS
13/04/2023 5:23:16 PM
Germany`s automotive sector drives industrial production: Destatis Industrial production in Germany increased by 2 per cent month-on-month in February, according to provisional data published by the Federal Statistical Office (Destatis). Back in January, the increase was 3.7 per cent. The decline registered at the end of 2022 has now been "more than compensated," said Destatis on Thursday. Germany's automotive industry, the country's biggest industrial sector, accounted for a "particularly large share of the significant increa...
Germany`s automotive sector drives industrial production: Destatis
Germany`s automotive sector drives industrial production: Destatis
Source: IANS
7/04/2023 10:03:02 AM
German economy to grow 0.3% in 2023 Germany's economy is recovering faster than previously expected, with GDP set to grow by 0.3 per cent in 2023, according to a joint forecast published by the country's leading economic institutes. Supply-side disruptions that had weighed on Europe's largest economy were easing, according to the RWI --Leibniz Institute for Economic Research, the Halle Institute for Economic Research (IWH), the Kiel Institute for the World Economy and the ifo Institute on Wednesday. Germany...
German economy to grow 0.3% in 2023
German economy to grow 0.3% in 2023
Source: IANS
6/04/2023 2:34:51 PM
Denmark, Germany sign agreement on hydrogen pipeline construction Denmark and Germany have signed here an agreement to construct a land-based hydrogen pipeline transporting hydrogen from Denmark to Germany by 2028. Danish Minister for Climate, Energy and Utilities, Lars Aagaard, and German Minister for Economic Affairs and Climate Action, Vice- Chancellor Robert Habeck, signed the pact about the pipeline on Friday, which is expected to transport hydrogen from the coast of Jutland in western Denmark to northern Germany, Xinhua news agency reported. Aft...
Denmark, Germany sign agreement on hydrogen pipeline construction
Denmark, Germany sign agreement on hydrogen pipeline construction
Source: IANS
25/03/2023 10:33:56 AM
Bank shares across Europe fall sharply ank shares across Europe have fallen sharply as worries over the financial strength of the sector return, media reports said. Shares in Germany's Deutsche Bank saw the biggest fall, dropping 13 per cent, and there was also a sharp jump in the cost of insuring against losses on its debt, BBC reported. Investors have already been spooked by the collapse of two US banks and the rushed takeover of Swiss giant Credit Suisse by its rival UBS. Stock markets in London, Germany and France...
Bank shares across Europe fall sharply
Bank shares across Europe fall sharply
Source: IANS
25/03/2023 9:59:59 AM
Germany met emissions targets in 2022 despite more coal power Germany met its emissions targets in 2022 despite the increased use of coal-fired power during the energy crisis, according to preliminary calculations published by the Federal Environment Agency (UBA). Following an increase in 2021, UBA said that Germany's greenhouse gas emissions in 2022 fell slightly by 1.9 per cent year-on-year, to around 746 million metric tonnes, reports Xinhua news agency. Compared to 1990, emissions fell by around 40.4 per cent. However, the decline in em...
Germany met emissions targets in 2022 despite more coal power
Germany met emissions targets in 2022 despite more coal power
Source: IANS
17/03/2023 1:27:00 PM
ITC inches up as its arm incorporates wholly owned subsidiary ITC is currently trading at Rs. 379.50, up by 0.35 points or 0.09% from its previous closing of Rs. 379.15 on the BSE. The scrip opened at Rs. 379.00 and has touched a high and low of Rs. 381.60 and Rs. 378.15 respectively. So far 42633 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 394.00 on 23-Feb-2023 and a 52 week low of Rs. 238.90 on 16-Mar-2022. Last one week high and low of the scrip stood at Rs. 393.40 ...
ITC inches up as its arm incorporates wholly owned subsidiary
ITC inches up as its arm incorporates wholly owned subsidiary
Source: Accord Fintech
16/03/2023 11:32:19 AM
Scholz visits SUN Mobility facility in B'luru, checks out futuristic energy solutions German Chancellor Olaf Scholz who visited the SUN Mobility Technology Centre as part of his day-long visit to Bengaluru on Sunday had first-hand experience of swapping a battery in electric vehicles in India. The leading provider of universal energy infrastructure and services for electric vehicles (EVs), SUN Mobility hosted the German Chancellor at its facility in Bengaluru to showcase India's futuristic mobility and energy solutions for the world. Accompanied by a high-level Germa...
Scholz visits SUN Mobility facility in B'luru, checks out futuristic energy solutions
Scholz visits SUN Mobility facility in B'luru, checks out futuristic energy solutions
Source: IANS
27/02/2023 9:26:46 AM
German Chancellor Olaf Scholz arrives in India on two-day visit German Chancellor Olaf Scholz arrived in India on Saturday on a two-day visit during which he is scheduled to discuss a range of bilateral and geo-political issues including new technologies, clean energy and trade and investment. "Welcome to India! German Chancellor Olaf Scholz arrives in New Delhi on a State Visit. This is his first visit to India after assuming office. Chancellor Scholz was received by MoS @FinMinIndia @mppchaudhary at the airport," Ministry of External Affair...
German Chancellor Olaf Scholz arrives in India on two-day visit
German Chancellor Olaf Scholz arrives in India on two-day visit
Source: IANS
25/02/2023 11:52:08 AM
German Economy shrinks 0.4% in Q4 2022 Germany's gross domestic product (GDP) in the fourth quarter (Q4) of 2022 declined 0.4 per cent on the previous quarter, the Federal Statistical Office (Destatis) said. "The German economy markedly lost momentum at the end of the year," Destatis said in a statement. Early figures had still indicated a milder decline of only 0.2 per cent, Xinhua news agency reported. Soaring energy prices pushed inflation in Europe's largest economy above the 10 per cent mark at the end...
German Economy shrinks 0.4% in Q4 2022
German Economy shrinks 0.4% in Q4 2022
Source: IANS
25/02/2023 10:53:37 AM
U.S. nominee for top World Bank job gets positive reviews at G20 meeting The U.S. nominee to lead the World Bank, ex-Mastercard Chief Executive Ajay Banga, gained traction with leading members on Friday, a sign that he will likely have a smooth ride to confirmation by the global lender's executive board. The finance ministers of France and Germany gave positive reviews to Banga, nominated on Thursday by U.S. President Joe Biden as a surprise choice to lead the World Bank's transformation to fight climate change and other global challenges. "I th...
U.S. nominee for top World Bank job gets positive reviews at G20 meeting
U.S. nominee for top World Bank job gets positive reviews at G20 meeting
Source: IANS
25/02/2023 10:37:09 AM
GIS-23 to bring investment in 5 major sectors The Uttar Pradesh government has said that foreign visitors have evinced keen interest to invest in five out of 25 sectors in the state ahead of Uttar Pradesh Global Investors' Summit (GIS)-2023. According to a press release, the five sectors are data centre, logistics park, renewable energy, apparel and textile besides the Film City. Chief minister Yogi Adityanath had sent eight teams abroad to hold international roadshows in 21 cities of 16 countries to attract investment in run-u...
GIS-23 to bring investment in 5 major sectors
GIS-23 to bring investment in 5 major sectors
Source: IANS
8/02/2023 2:57:44 PM
Germany sees record decline in real earnings due to high inflation Real earnings in Germany declined by 4.1 per cent in 2022 year-on-year due to rising consumer prices. This was the sharpest drop since the start of the time series in 2008, according to preliminary figures published by the Federal Statistical Office (Destatis). The record 7.9 per cent annual inflation in Europe's largest economy last year more than offset the 3.4 per cent increase in nominal earnings, according to Destatis. Real earnings had already declined in the previous two years d...
Germany sees record decline in real earnings due to high inflation
Germany sees record decline in real earnings due to high inflation
Source: IANS
8/02/2023 12:44:40 PM
Germany`s exports, imports up in 2022 Germany`s imports and exports both increased year-on-year in 2022 amid the energy crisis and high inflation, according to preliminary figures published by the Federal Statistical Office (Destatis). Exports of Europe`s largest economy rose by 14.3 per cent year-on-year to 1.56 trillion euros, while imports jumped 24.3 per cent to a value of 1.49 trillion euros, Xinhua news agency reported citing Destatis as saying. The increases were "largely based on price effects", the German...
Germany`s exports, imports up in 2022
Germany`s exports, imports up in 2022
Source: Accord Fintech
3/02/2023 1:06:00 PM
Rupee poised for muted opening on dollar recovery, equity outflows The Indian rupee is likely to open little changed to the U.S. currency on Friday in the wake of the dollar's recovery and worries over equity outflows. The non-deliverable forwards indicated an opening of around 82.12-82.20 for the rupee versus the dollar compared with 82.1725 in the previous session. The risks are definitely on the side that the rupee could see more losses, a trader at a Mumbai-based bank said. Market participants, once they assess that the current levels are susta...
Rupee poised for muted opening on dollar recovery, equity outflows
Rupee poised for muted opening on dollar recovery, equity outflows
Source: Reuters
3/02/2023 9:43:17 AM
Hockey World Cup 2023: Germany beat Belgium 5-4 in sudden death shoot-out to lift title Germany made a remarkable comeback to beat defending champions Belgium 5-4 in the sudden death shoot-out after playing a 3-3 in the regulation time to win the FIH Odisha Hockey Mens World Cup 2023, here on Sunday. This is Germany's third Hockey World Cup title after they won it in 2002 and 2006. With this, they draw level with Netherlands and Australia. Germany also became the fourth team to register a come-from-behind win in a World Cup final. From a 2-0 deficit to a 3-2 to lead an...
Hockey World Cup 2023: Germany beat Belgium 5-4 in sudden death shoot-out to lift title
Hockey World Cup 2023: Germany beat Belgium 5-4 in sudden death shoot-out to lift title
Source: IANS
30/01/2023 9:35:49 AM
German GDP grows 1.9% in 2022 despite difficult conditions: Destatis Germany's price-adjusted gross domestic product (GDP) in 2022 was 1.9 per cent higher than in the previous year, according to preliminary figures published by the Federal Statistical Office (Destatis). Despite "difficult framework conditions", such as the consequences of the ongoing Russia-Ukraine war, rising energy prices, delivery bottlenecks and the continuing Covid-19 pandemic, the German economy "managed to perform well", Ruth Brand, president of Destatis, said...
German GDP grows 1.9% in 2022 despite difficult conditions: Destatis
German GDP grows 1.9% in 2022 despite difficult conditions: Destatis
Source: IANS
14/01/2023 2:25:28 PM
Yen surges as BOJ policy under pressure, dollar edges up The yen surged further on speculation that Japan could revise its ultra-loose monetary policy, while the dollar edged higher after earlier dipping to its lowest level since June against major currencies. The dollar index, which measures the safe haven U.S currency against other six major currencies, gained 0.3% to 102.46 as risk appetite faded through the trading session, with mixed U.S. company earnings also setting the tone for markets. Better-than-expected economic data out of German...
Yen surges as BOJ policy under pressure, dollar edges up
Yen surges as BOJ policy under pressure, dollar edges up
Source: Reuters
13/01/2023 6:25:15 PM
Oil dips as China COVID spike dampens demand outlook Oil prices dipped on Thursday as surging COVID-19 cases in China dimmed hopes of a recovery in fuel demand for the world's largest crude oil importer. Brent futures for February fell 26 cents, or 0.3%, to $83.00 a barrel by 0430 GMT, while U.S. crude fell 26 cents, or 0.3%, to $78.70 a barrel. The scale of the latest outbreak and doubts over official data prompted some countries to enact new travel rules on Chinese visitors, even as China began dismantling the world's strictest ...
Oil dips as China COVID spike dampens demand outlook
Oil dips as China COVID spike dampens demand outlook
Source: Reuters
29/12/2022 9:00:40 AM
`Avatar: The Way of Water` earns $855 million globally in 10 days The James Cameron-directorial 'Avatar: The Way of Water' is the fifth-highest grossing movie of the year. The Disney and 20th Century's big-budget epic has collected $855 million in global ticket sales after 10 days on the big screen, reports 'Variety'. So far, James Cameron's long-delayed sequel has generated $253.7 million at the US domestic box office and $600 million internationally. Even with harsh winter weather in North America and rising cases of Covid...
`Avatar: The Way of Water` earns $855 million globally in 10 days
`Avatar: The Way of Water` earns $855 million globally in 10 days
Source: IANS
26/12/2022 12:01:14 PM
From Mars to Metaverse, as UAE aims high, opportunities open up for India The year 2022 ends on a positive note with regard to India-UAE relations, with business and political ties between the two countries scaling new heights. The UAE is India's third largest trading partner and the bilateral trade between them surpasses $88 billion. Indians, moreover, constitute 39.9 per cent of the UAE population and their remittances to India add up to more than $17 billion, the largest for any country overseas. To tell the world what the future will be like, Dubai bu...
From Mars to Metaverse, as UAE aims high, opportunities open up for India
From Mars to Metaverse, as UAE aims high, opportunities open up for India
Source: IANS
25/12/2022 10:36:32 AM
Germany`s first LNG terminal starts operations Germany's first liquefied natural gas (LNG) terminal has started operations, a day ahead of schedule, according to the country's largest gas importer Uniper. A tanker loaded with around 165,000 cubic meters of LNG has already docked at the new terminal days before, reports Xinhua news agency. The LNG was "enough to supply around 50,000 households for a year", according to the government, which had chartered the tanker. On December 17, the LNG terminal at Wilhelmshav...
Germany`s first LNG terminal starts operations
Germany`s first LNG terminal starts operations
Source: IANS
22/12/2022 12:32:48 PM
German Upper House approves price cap for electricity, gas The German Bundesrat, or Upper House of Parliament, has approved the so-called energy price brakes that will cap electricity and gas prices in Europe's largest economy to cushion the impact of high prices on consumers and businesses. "The price brakes for gas, electricity and district heating are coming! It's a good thing that the Bundestag and Bundesrat decided that. We will also support those who heat with oil or pellets, for example... We leave no one alone," Chancello...
German Upper House approves price cap for electricity, gas
German Upper House approves price cap for electricity, gas
Source: IANS
17/12/2022 11:29:29 AM