[ad_1] The Iran–US conflict has pushed global oil markets into turmoil, with tensions still simmering despite a two-week ceasefire window, since April 8, intended to enable negotiations. The peace talks amid the fragile truce have so far failed to yield any breakthrough, though diplomatic sources indicate preparations for a second round of talks are already…
[ad_1] Crude oil prices plunged more than 10% on Friday after US President Donald Trump and Iran announced that the Strait of Hormuz is fully open again for oil tankers carrying crude from the Persian Gulf to customers worldwide, easing fears of supply disruptions.The sharp drop in oil prices lifted global markets, with US stocks…
[ad_1] The Indian rupee strengthened to a one-week high on Friday, supported by steps taken by the Reserve Bank of India (RBI) to limit the impact of dollar buying by state-run oil refiners.The currency rose 0.5% to 92.7250 per dollar by 10:50 am, marking its strongest level since April 10. Traders said the move followed…
[ad_1] Gold has entered a phase of consolidation after a strong rally driven by retail demand across key markets, global investment firm Jefferies said in its latest report.The firm noted that the surge in buying seen late last year and early this year—particularly in India, China and the United States—has begun to moderate, signalling a…
[ad_1] Gold’s intraday technical structure remains weak with bearish EMA alignment, declining RSI, and negative MACD signals. (AI image) Gold price prediction today: Gold prices are exhibiting weak signals on an intra-day basis, says Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities recommends a buy on dip strategy.Gold futures on MCX are…
[ad_1] More than five tonnes of gold remain held up at customs without clearance. (AI image) Banks have put a pause on fresh import orders for gold and silver from overseas suppliers. Large quantities of gold and silver are stranded at customs, as a formal government notification permitting bullion imports has yet to be issued,…
[ad_1] Shares of Wipro fell as much as 4% to Rs 202 on the NSE on Friday after the IT major reported a decline in fourth-quarter profit and flagged a subdued near-term outlook.The company posted a 2% year-on-year drop in consolidated net profit to Rs 3,502 crore for Q4, even as revenue rose 8% to…
[ad_1] China’s economic growth rebounded more than expected in the first quarter, suggesting limited spillovers so far from the war in Iran but revealing few signs of turnaround in weak consumer spending. Powered by strong manufacturing and exports, gross domestic product expanded 5% from a year ago, the fastest in three quarters, according to a…
[ad_1] Asian stocks edged lower on Friday, pausing after a strong rally this month, as investors dialled back risk ahead of a crucial weekend that could shape the trajectory of the Middle East conflict.MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.8%, though it remained near its highest level since early March. The index…
[ad_1] New Delhi: A weaker rupee and a change in the base year for GDP have resulted in India slipping one rank to be the sixth largest economy in dollar terms during 2025, latest estimates released by the International Monetary Fund showed.According to IMF data, India was the fifth largest economy in 2024 with GDP…
