Gold slumped more than 5%, ending a four-day rally on Tuesday. The metal was weighed down by a stronger dollar and fading prospects of an interest rate cut as inflation concerns intensified against the backdrop of a potentially prolonged conflict in West Asia. Spot gold was down 5.6% at $5,029.59 an ounce whereas prices had…
NEW DELHI: BJP on Tuesday slammed Sonia Gandhi’s denunciation of the government’s silence over the assassination of Iran’s supreme leader Ayatollah Ali Khamenei in a US-Israeli attack as the party recalled the deceased Iranian’s support for the secessionist forces in Kashmir and said diplomacy cannot be reduced to appeasement or performative politics.BJP’s foreign department head…
A Chinese People’s Liberation Army (PLA) soldier stands guard in front of the National Museum of China in Beijing on March 3, 2025, ahead of the country’s annual legislative meetings known as the “Two Sessions.” Pedro Pardo | Afp | Getty Images BEIJING — China’s top policymakers are due to release growth targets and stimulus…
MUMBAI: The rupee is likely to come under renewed pressure when forex markets open on Wednesday as the conflict in West Asia has worsened the trade and energy situation beyond expectations of analysts.On Tuesday, the Indonesian rupiah, South Korean won and Thai baht each fell by more than 1%, leading losses in Asia, while broader…
U.S. President Donald Trump said bankers are trying to undermine the GENIUS Act — the signature stablecoin legislation he signed into law last year — in a Truth Social post Tuesday, and he urged passage of Congress’ crypto market structure legislation without interference. “The U.S. needs to get Market Structure done, ASAP. Americans should earn…
NEW DELHI: Traversing all three levels of the judicial system and over four decades later, the curtains came down on a smuggling case – illegal import of 777 foreign-made wristwatches – on Feb 23, as Supreme Court held the three accused guilty, but said sending them to jail again would be harsh in view of…
NEW DELHI: The railways is looking at bearing the nearly Rs 90,000 crore additional (83% escalation) cost for the Ahmedabad-Mumbai Bullet train project and won’t seek further loan from Japan International Cooperation Agency (JICA). The project cost has increased from Rs 1.1 lakh crore to Rs 1.98 lakh crore because of delays and other reasons.The…
NEW DELHI: A special NIA court hearing the Pahalgam terror attack case in Jammu has issued a letter rogatory to the authorities concerned in China, seeking assistance to trace the supply chain and end-user details of a GoPro Hero Black 12 camera seized as part of the NIA investigation. Its purpose is to establish details…
Investors are wondering if buying the dip when war breaks out will work this time around as the conflict between the U.S. and Iran grows. The old Wall Street adage “buy the cannons, sell the trumpets” suggests that traders might race to pick up stocks in reaction to war headlines, expecting a rebound. But the…
MUMBAI: India’s trade and energy supplies face fresh risks after reinsurers and Protection & Indemnity (P&I) clubs announced cancellation of war risk insurance for vessels transiting the Strait of Hormuz and Iranian waters, following an escalation in the Iran conflict. The cancellations, effective from this week, have left over 150 vessels stranded and disrupted a…
