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Swiss companies set sights on India as $100 billion trade pact promises more opportunities Investments in India by Swiss companies such as engineering group ABB and transport firm Kuehne+Nagel are on the rise, with a $100 billion regional trade deal expected to further open it up to businesses long geared towards China. India's appeal has already reflected a broader shift among businesses in Europe eager to balance the costs of a U.S.-China trade spat and recognition that the Chinese economy is, by comparison to India, losing steam. But the trade and economic partnership ...
Swiss companies set sights on India as $100 billion trade pact promises more opportunities
Swiss companies set sights on India as $100 billion trade pact promises more opportunities
Source: Reuters
2024-10-28 11:47:42 am
Rupee drops against US dollar on Friday Indian rupee dropped against the US dollar on Friday due to stronger American currency at overseas markets following a surprise rate cut from the Swiss National Bank as well as weakness in China’s yuan. Moreover, foreign fund outflows and dollar buying by importers also dampened sentiments. Foreign Institutional Investors were net sellers in the capital markets on Thursday as they offloaded shares worth Rs 1,826.97 crore, exchange data showed. Federal Open Market Committee kept interest...
Rupee drops against US dollar on Friday
Rupee drops against US dollar on Friday
Source: Accord Fintech
2024-03-22 12:35:35 pm
Asia shares on a roll as SNB kicks off rate cuts Asian stocks were near a weekly gain on Friday and the Nikkei charged to a record high, riding a rally from its global counterparts after a surprise rate cut from the Swiss National Bank had investors wagering who could be next. The SNB's 25 basis point rate cut on Thursday proved a shot in the arm for global risk sentiment as markets raced ahead to bet on big central banks lowering borrowing costs this year, sending Wall Street closing at record highs. MSCI's broadest index of ...
Asia shares on a roll as SNB kicks off rate cuts
Asia shares on a roll as SNB kicks off rate cuts
Source: Reuters
2024-03-22 09:18:05 am
Oil eases on possible Gaza ceasefire, dollar strength Oil prices slipped on Friday on the possibility of a nearing Gaza ceasefire that could ease geopolitical concerns in the Middle East, while a stronger dollar and faltering U.S. gasoline demand also weighed on prices. Brent crude futures fell 42 cents, or 0.5%, to $85.36 a barrel by 0203 GMT. U.S. crude futures shed 40 cents, or 0.5%, to $80.67 per barrel. Both contracts are set to end the week little changed after rising more than 3% last week. Oil was trading lower on reports of a U...
Oil eases on possible Gaza ceasefire, dollar strength
Oil eases on possible Gaza ceasefire, dollar strength
Source: Reuters
2024-03-22 09:08:50 am
Gold set for fourth weekly gain in five on Fed rate-cut optimism  Gold prices edged higher on Friday and were set for a fourth weekly rise in five after the U.S. Federal Reserve maintained its interest rate cut projections for the year, boosting investor sentiment. FUNDAMENTALS * Spot gold was up 0.1% at $2,183.93 per ounce, as of 0117 GMT, after hitting an all-time high on Thursday. Bullion has risen 1.3% so far this week. * U.S. gold futures were also up 0.1% at $2,186 per ounce. * The U.S. central bank held rates steady on Wednesday, bu...
Gold set for fourth weekly gain in five on Fed rate-cut optimism
Gold set for fourth weekly gain in five on Fed rate-cut optimism
Source: Reuters
2024-03-22 09:00:50 am
Dollar steadfast as investors seek `carry` The U.S. dollar was set for a second week of broad gains on Friday, with even a rate hike in Japan unable to dislodge it, as investors figure U.S. rates are high and not falling yet. The Swiss National Bank delivered the biggest surprise of a week crammed with central bank meetings, cutting its main interest rate and citing the strength of the franc as a reason. The franc, which in real terms has been rising for years, dropped more than 1% overnight to 0.8894 per dollar, its weakest in ...
Dollar steadfast as investors seek `carry`
Dollar steadfast as investors seek `carry`
Source: Reuters
2024-03-22 08:53:25 am
Dollar hits four-month low as Fed signals 2024 rate cuts, NOK stronger after rate hike The dollar dropped to a fresh four-month low on Thursday after the Federal Reserve indicated that its interest-rate hike cycle has ended and that lower borrowing costs are coming in 2024. On a busy day for policy announcements in Europe, the Norwegian crown strengthened after a rate hike, while the Swiss franc was little changed after the Swiss National Bank held rates. The Bank of England and European Central Bank announce policy later in the day. Fed Chair Jerome Powell said at Wednes...
Dollar hits four-month low as Fed signals 2024 rate cuts, NOK stronger after rate hike
Dollar hits four-month low as Fed signals 2024 rate cuts, NOK stronger after rate hike
Source: Reuters
2023-12-14 09:00:21 am
Supercharged markets surge on interest rate cut signals  Stock markets sprinted to their highest in over a year and a half and borrowing costs and the dollar tumbled on Thursday, as traders bet that Europe's top central banks would join the U.S. Fed later in signalling interest rate cuts for next year. Switzerland's central bank was already out the blocks pointing to subdued global growth and it was a fast start for Europe's STOXX 600 which leapt 1.6% to its highest in almost 2 years ahead of Bank of England and European Centra...
Supercharged markets surge on interest rate cut signals
Supercharged markets surge on interest rate cut signals
Source: Reuters
2023-12-14 08:46:25 am
Stocks bide time ahead of Fed decision; oil slumps Oil prices slid to six-month lows on Wednesday and world shares killed time ahead of the year's final Federal Reserve policy decision and clues about the timing of next year's rate cuts. Traders also were digesting the impact of an agreement from the COP 28 climate summit to begin reducing global consumption of fossil fuels, as well as Argentina's plan to weaken its peso over 50%, cut energy subsidies and cancel tenders of public works. Brent bottomed at $72.51 a barrel, its...
Stocks bide time ahead of Fed decision; oil slumps
Stocks bide time ahead of Fed decision; oil slumps
Source: Reuters
2023-12-13 04:08:21 pm