The Russian rouble has risen by 7% to 83 against the dollar before paring gains, touching heights that were seen before its invasion of Ukraine. The Russian stock market has gradually reopened after it was suspended. In offshore trade, the… Read More ›
In a statement Russian President Vladimir Putin said, unfriendly countries will have to pay for gas in rubles. Following the announcement European gas prices soared since the move will exacerbate the region’s energy crunch. Western nations led by the United… Read More ›
On Wednesday, the Russian rouble weakened further and slipped past 100 to the dollar, heading to record lows. Stock market in Russia continue to be closed. The Russian economy has come under the full weight of Western sanctions following the… Read More ›
The slump of the Turkish Lira by 15% on Tuesday against the US dollar left Turks struggling to keep up with the depreciation of the currency leaving the country in a state of darkest “catastrophe”. The Lira’s meltdown on Tuesday,… Read More ›
According to early data analysis of stock trading, news of a breakthrough in the race to find a vaccine for COVID-19 triggered one of the heaviest trading days since the height of the pandemic crisis with trade worth around $2… Read More ›
On Monday, for the first since late 2012, gold prices surged past $1,700 per ounce levels following a widening China’s coronavirus outbreak worldwide even as crude oil prices along with equities touched new lows as investors scurried for safe havens…. Read More ›
On Friday. following a U.S. air strike on Baghdad airport which killed a senior Iranian military official, the Japanese yen led other safe-haven assets higher even as the price of crude oil jumped by $3. Gold prices as well as… Read More ›
Investors are flocking to sage havens assets including gold, Swiss franc and Japanese yen. On Monday, investors flocked to safe haven assets following a sharp re-escalation in the U.S.-China trade war. With reacting to U.S. tariffs and imposing its own,… Read More ›
As a result of the Renminbi breaching this threshold, the Chinese will have to shell out a lot more to service their debt especially if they want to boost exports. This is even more important given Beijing’s holding of the… Read More ›
Macro and micro economic conditions makes investment opportunities in India a lucrative option. In an interview published by the Economic Times on Friday, Blackstone’s chairman Stephen Schwarzman stated, given India’s current scenario, this is the best time to invest in… Read More ›
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