The World Bank says global growth has sharply slowed amid ongoing high inflation and overhangs of the banking crisis result in worsening credit conditions. Growth forecasts for advanced economies project just 0.7% increase this year, down from 2.6% estimated growth in 2022. This marks “one of the weakest growth rates in the last five decades,”
Share: Following are the key headlines from the Reserve Bank of Australia’s (RBA) June monetary policy statement, via Reuters, as presented by Governor Phillip Lowe. Board remains resolute in its determination to return inflation to target. Some further tightening of monetary policy may be required. The path to achieving a soft landing remains a narrow one. Inflation in
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Apple shares are down around $1.45 or -0.82% $179.43 after their WWDC23 event where they introduce the Vision Pro VR product. At $3499 and available only in the US at the start of 2024, it’s got a long way to go. Unity Software Nevertheless, a beneficiary today has been Unity Software (U) whom Apple cited
Sellers had their chance to try and breach key support at 0.6500 last week but the figure level held on the daily chart. And now, buyers are turning things around. However, they are running into a major test to start the new week via the RBA’s policy decision. Here’s a look at how the technical
Oil prices edged lower on Tuesday, giving up most of the prior session’s gains that followed an announcement by the world’s top exporter, Saudi Arabia, that it would further cut output. Brent crude futures were down 23 cents, or 0.3%, at $76.48 a barrel at 0020 GMT. The U.S. West Texas Intermediate crude eased 25
In a remarkable rally during Asian session, Japanese stocks surged sharply, with Nikkei index smashing through the 32k mark, reaching a high not seen in 33 years. This surge followed the bullish trend seen in US markets last week, further buoyed by robust services data emanating from Japan and China. However, it’s important to note
1 minute ago According to the regulator, Binance failed to register as a securities exchange and operated illegally in the United States. 10 Total views Listen to article Breaking news Join us on social networks The United States Securities and Exchange Commission (SEC) filed suit against Binance, its U.S. platform and Changpeng Zhao (CZ) in
The U.S. SEC has filed 13 charges against Binance, the largest global cryptocurrency exchange, and its founder, Changpeng Zhao. Binance is the largest crypto exchange. Binance is accused of mishandling customer funds, lying to regulators, and misleading investors about its operational safeguards. The SEC alleges that Binance mixed billions of dollars in customer funds and
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Gold prices fell Rs 80 to Rs 60,400 per 10 grams in the national capital on Monday amid weak global cues, according to HDFC Securities. In the previous trade, the yellow metal had finished at Rs 60,480 per 10 grams. Silver also went lower Rs 400 at Rs 73,000 per kilogramme. Spot gold prices in
Euro is experiencing some selling pressure today, brought on by discouraging investor confidence data, with other European currencies also showing signs of distress. Meanwhile, US Dollar is making strides, superseding commodity currencies as it rides the wave of last week’s late rally. Australian Dollar is trading within a narrow range against Canadian Dollar and New
Share: US Dollar has lost its strength in the American session on Monday. US Dollar Index erased its daily gains and returned to the 104.00 area. ISM Services PMI report for May showed a loss of momentum in the service sector. The US Dollar (USD) has lost its strength in the second half of the
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