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AUD/CHF settles at 3 1/2-week low, posts weekly loss
2+ hour, 12+ min ago (224+ words) The AUD/CHF currency pair settled at Friday's low of 0. 5586, its weakest level since April 27th, as Australian labor data reinforced expectations that the Reserve Bank of Australia might delay any additional policy tightening at its upcoming June meeting. Australia's unemployment…...
AUD/SGD settles above 1-month low, posts weekly loss
8+ hour, 51+ min ago (212+ words) The AUD/SGD currency pair settled above recent low of 0. 9079, its weakest level since April 20th, as Australian labor data reinforced expectations that the Reserve Bank of Australia might delay any additional policy tightening at its upcoming June meeting. Australia's unemployment…...
US data resilient despite energy market volatility
27+ min ago (76+ words) United States and Canada US Jobless Claims Fall to 209 K, Manufacturing PMI Rises to 55. 3, Housing Starts Decline 2. 8 percent Mo M Europe and the UK While export-oriented strategic manufacturing remains robust, the breadth of domestic weakness has revived expectations for incremental…...
'Govt may again raise petrol & diesel prices in India': Companies double oil supply areas to avoid shortage; fuel rates up 5% since Iran war
10+ hour, 29+ min ago (333+ words) A further hike in retail fuel prices may be unavoidable if current global energy disruptions continue, news agency, PTI quoted Raj Kumar Dubey, Director HR at Bharat Petroleum Corporation Ltd, as saying. Now, there are two or three options open....
Local stocks to trade sideways amid Middle East volatility, local economic challenges
1+ day, 8+ hour ago (531+ words) The local stock market may trade sideways this week as concerns over rising inflation and interest rates offset hopes for a peace pact between the United States (US) and Iran. "The local market is still expected to deal with lingering…...
Modified Taxation Scheme: Ghana's surest way to inclusive tax administration
56+ min ago (1171+ words) That is why the Modified Taxation System (MTS) represents Ghana's surest way to inclusion in tax administration. The reality we must confront" A significant portion of the country's economy operates in the informal sector " market traders, artisans, small retailers, and…...
Miyetti-Allah seeks FG loans to reduce rising beef prices
2+ hour, 10+ min ago (438+ words) The Miyetti-Allah Fulaku Yeso Yeso Development Association (MAFYDA) has urged the federal government to provide loan facilities to butchers nationwide to enable them buy cows directly from farmers at livestock markets, rather than relying on middlemen. The association said direct…...
Gold, silver likely to remain rangebound as US-Iran negotiations near key stage: Analysts
1+ hour, 5+ min ago (529+ words) Gold prices are likely to remain range-bound in the coming week as traders await more clarity on the evolving US-Iran negotiations, while silver is expected to retain a positive bias amid persistent geopolitical uncertainty and elevated energy rates, analysts said....
BSP likely to sacrifice growth to tame inflation
1+ day, 10+ hour ago (757+ words) The inflation-targeting Bangko Sentral ng Pilipinas (BSP) is expected to continue raising interest rates to contain surging inflation despite the risk of slower economic growth. In a May 22 report, Japanese financial giant MUFG Bank Ltd. said the Philippines is facing…...
Gold Slides 0. 7% as DXY Holds Near 99. 32 and 10-Year Yields Push Toward 4. 6%
1+ hour, 20+ min ago (623+ words) Gold traded near $4, 509 per ounce on Sunday and finished the week down roughly $30 to $35 as a firm dollar and climbing Treasury yields kept buyers cautious. Spot gold opened the May 17-24 period near $4, 540 and spent most of the week oscillating between…...