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Ready to work with India for growth of bilateral relations: China Chinese Foreign Minister Wang Yi on Sunday said that his country is ready to work with India towards the "steady and sound" growth of bilateral relations. "China and India have maintained communication through the diplomatic and military-to-military channels, and both countries are committed to upholding stability in the border areas. We stand ready to work with India in the direction toward steady and sound growth of China-India relations," he said in his speech at the...
Ready to work with India for growth of bilateral relations: China
Ready to work with India for growth of bilateral relations: China
Source: IANS
26/12/2022 10:15:57 AM
Nancy Pelosi ends historic term as first woman US speaker Nancy Pelosi, the first and so far only woman to be Speaker of the US House of Representatives, ended her historic term Thursday and announced she will stay on as just a member. Pelosi, who is often referred to as the most powerful woman in US politics, was widely expected to step down in the new Congress elected in the midterm polls, but her announcement drove many lawmakers of her party to tears, drew banner headlines on news sites and carpet coverage on TV news media. "For me, t...
Nancy Pelosi ends historic term as first woman US speaker
Nancy Pelosi ends historic term as first woman US speaker
Source: IANS
18/11/2022 11:09:28 AM
Groceries, fuel, transport expenses continue to burn holes in US consumers` pockets Soaring grocery, gas, and transportation prices remain a factor in US household pockets, with the price of flour in the run-up to Thanksgiving remains a matter of concern here. But the October inflation print at 7.7 per cent triggered a boom rally on the equity markets. Despite a 40 year inflation spike, equity markets are going ballistic, at the time of writing, the Dow was up a blistering 1,005 points - in the ongoing biggest rally of the year. "It certainly shows how much the marke...
Groceries, fuel, transport expenses continue to burn holes in US consumers` pockets
Groceries, fuel, transport expenses continue to burn holes in US consumers` pockets
Source: IANS
11/11/2022 10:57:48 AM
Semiconductor chips shortage to normalise, lead time to be higher: Moody's Analytics The shortage of semiconductor chips that goes into various items to normalise sometime in next year while the lead times continue at a higher level, Moody's Analytics said in a report. "While we see lead times remaining elevated through the end of the year, we expect the chip shortage to normalise sometime in 2023," said the report. According to Moody's Analytics, last month was the first time since the start of the pandemic the lead time fell from 27.1 weeks to 27 wee...
Semiconductor chips shortage to normalise, lead time to be higher: Moody's Analytics
Semiconductor chips shortage to normalise, lead time to be higher: Moody's Analytics
Source: IANS
29/08/2022 1:52:56 PM
Gold consolidates as traders brace for U.S. inflation data Gold consolidated in a narrow range on Tuesday, buoyed by a softer dollar but held back as investors refrained from big bets until the release this week of U.S. inflation data expected to influence the pace of interest rate hikes. Spot gold edged 0.2% higher to $1,791.16 per ounce by 1106 GMT. U.S. gold futures rose 0.1% to $1,807.10. "Gold is going through an interesting period where the market is trying to assess which is the dominant factor between the metal and dollar,&quo...
Gold consolidates as traders brace for U.S. inflation data
Gold consolidates as traders brace for U.S. inflation data
Source: Reuters
9/08/2022 9:31:00 AM
Gold range-bound as dollar, T-bond yields pick up steam  Gold prices traded in a tight range on Wednesday, pressured by a stronger dollar and Treasury yields as hawkish comments from U.S. Federal Reserve officials pulled the metal further away from last session's one-month peak. Spot gold rose 0.1% to $1,761.76 per ounce by 2:37 p.m. ET (1837 GMT), seesawing in a roughly $20 range, while U.S. gold futures fell 0.7% to $1,776.4. The dollar index rose 0.2%, making dollar-priced gold more expensive for other currency holders. U.S. 10-y...
Gold range-bound as dollar, T-bond yields pick up steam
Gold range-bound as dollar, T-bond yields pick up steam
Source: Reuters
3/08/2022 9:47:38 AM
Wall Street rallies on economic data, crude falls as stockpiles jump  U.S. stocks jumped to a sharply higher close and Treasury yields touched two-week highs on Wednesday as robust economic data, upbeat corporate guidance and easing geopolitical concerns boosted investor risk appetite. Front-month crude futures dropped following a report that U.S. stockpiles of crude and gasoline unexpectedly surged last week. All three major U.S. stock indexes advanced and the tech-laden Nasdaq ended the session at a three-month high, with upbeat forecasts from Pay...
Wall Street rallies on economic data, crude falls as stockpiles jump
Wall Street rallies on economic data, crude falls as stockpiles jump
Source: Reuters
3/08/2022 8:34:58 AM
Dollar dips as investors analyse Fed rate hike hints The U.S. dollar edged lower on Wednesday but held on to most of the previous day's gains, after leaping on Federal Reserve officials' hints at aggressive rate hikes and drawing support amid a U.S.-China flare-up over Taiwan. The dollar index, which tracks the greenback against six major peers, has softened from a two-decade high in mid-July as investors reined in expectations of Fed rate hikes. But a trio of Fed officials signalled on Tuesday the central bank remains "compl...
Dollar dips as investors analyse Fed rate hike hints
Dollar dips as investors analyse Fed rate hike hints
Source: Reuters
3/08/2022 8:31:28 AM
Yen recovery continues on lower U.S. yields; markets on edge over Pelosi  The dollar continued its decline on Tuesday, falling to its lowest in two months against the recovering Japanese yen and losing ground on other peers, as investors continued to position for a less aggressive pace of Federal Reserve interest rate hikes. Jitters about the impact of an impending visit to Taiwan by U.S. House of Representatives Speaker Nancy Pelosi were also driving some safe-haven flows to the yen, while weighing on other Asian currencies. The greenback fell as low a...
Yen recovery continues on lower U.S. yields; markets on edge over Pelosi
Yen recovery continues on lower U.S. yields; markets on edge over Pelosi
Source: Reuters
2/08/2022 8:38:25 AM