[ad_1] MUMBAI: The Reserve Bank of India and the Central Bank of UAE have signed two memoranda of understanding promoting the use of local currencies and domestic payment systems across borders.The Reserve Bank of India governor, Shaktikanta Das, and the Central Bank of UAE governor, H.E Khaled Mohamed Balama, in Abu Dhabi, signed the MoUs … Read more
[ad_1] Wall Street was mixed on Monday and crude prices rose as investors digested the aborted Russian mutiny over the weekend and wrestled with lingering concerns over the path of Federal Reserve monetary policy. The S&P 500 was modestly lower, while megacap momentum stocks pulled the tech-heavy Nasdaq to a sharper decline. The blue-chip Dow … Read more
[ad_1] Last Updated: June 15, 2023, 00:23 IST Washington D.C., United States of America (USA) Near 1825 GMT, the Dow Jones Industrial Average fell 1.3 percent, while the Nasdaq lost 0.8 percent. The US central bank, as expected, opted to hold its benchmark lending rate between 5.0 percent and 5.25 percent Wall Street stocks retreated … Read more
[ad_1] Last Updated: June 09, 2023, 01:48 IST New York, United States of America (USA) Spot gold rose 1.2% to $1,962.49 per ounce by 01:42 p.m. EDT (1742 GMT). U.S. gold futures settled up 1% at $1,978.60. (Reuters File Photo) Spot gold rose 1.2% to $1,962.49 per ounce by 01:42 p.m. EDT (1742 GMT) Gold … Read more
[ad_1] Last Updated: May 19, 2023, 23:46 IST Federal Reserve Board Chair Jerome Powell speaks during a news conference at the Federal Reserve, Wednesday, March 22, 2023, in Washington. (AP Photo) All three major U.S. stock indexes turned red as Powell said the central bank has not made any decisions about whether rates are “sufficiently … Read more