NEW DELHI (Reuters) – India's Supreme Court said on Wednesday that Reliance Communications chairman Anil Ambani wilfully did not pay 5.5 billion rupees to Swedish telecom equipment maker Ericsson, holding him guilty in a contempt of court case.
FRANKFURT, Germany (AP) – An index of investor confidence in Germany shows little expectation of a pickup in growth, a downbeat sign for Europe's largest economy and the wider 19-country eurozone.
The company behind Burj Khalifa now accepts digital currencies for payment. The property company that developed Burj Khalifa, the tallest building in the world, Emaar Properties just announced a new way of payment to their agents.
Bengaluru – Palladium prices broke above $1,500 for the first time on Wednesday due to a prolonged supply deficit, while gold rose to a new 10-month high as the dollar struggled before the US Federal Reserve's policy meeting minutes.
Palladium prices broke above $1,500 for the first time on Wednesday due to a prolonged supply deficit, while gold rose to a fresh 10-month high as the dollar struggled before the U.S.
Minutes of Fed’s Jan meeting due at 1900 GMT.Palladium up 19 percent this year, among best performing metals.ReutersGetty ImagesPalladium prices broke above $1,500 for the first time on Wednesday due to a prolonged supply deficit, while gold rose to a fresh 10-month high as the dollar struggled ahead of the U.S. Federal Reserve’s policy meeting minutes.Palladium is crucial in the making of catalytic converters used in exhaust systems of vehicles, and an improvement in demand from the auto sector has supported the metal’s surge.”Demand (for palladium) is increasing year by year because of catalyst demand for gasoline engines.
Environmental requirements are getting stronger, which means more palladium is needed in (manufacturing) a car,” said Yuichi Ikemizu, Tokyo branch manager at ICBC Standard Bank.Furthermore, the supply deficit is likely to widen this year as stricter emissions standards increase demand for catalytic converters, Britain-based autocatalyst manufacturer Johnson Matthey said last week.
Spot palladium rose to an all-time high of $1,500.50 per ounce and was 0.7 percent higher at $1,490 as of 0800 GMT. The autocatalyst metal has gained almost 19 percent so far this year, making it one of the best performing metals.Gold prices hit their highest since April 19, 2018 as the dollar was capped on falling U.S.
Treasury yields and optimism surrounding trade talks between the United States and China.U.S. President Donald Trump said on Tuesday that trade talks with China were going well and suggested he was open to pushing off the March 1 deadline to complete negotiations.
Most investors expect uncertainties over U.S.China trade talks to end this week, which will weaken the dollar and support gold, said Hareesh V, head of commodity research at Geojit Financial Services.Progress in trade discussions between the world’s top two economies has whisked off the safe-haven appeal for the dollar, making gold more attractive to investors.Spot gold was up 0.1 percent at $1,342.46 per ounce after rising to a high of $1,346.73 earlier in the session.U.S.gold futures were steady at $1,345.40.Investors are now looking ahead to the release of U.S.Federal Open Market Committee’s minutes from its Jan. 29-30 policy meeting at 1900 GMT.”The dovish shift in U.S.Federal Reserve language over the year-to-date has improved the fundamental outlook for gold prices,” Fitch Solutions said in a note.”A less steep trajectory for U.S. rate hikes bolsters our existing view that U.S. dollar gains are behind us and that this will help put a floor under gold prices.”Spot gold may peak around a resistance at $1,351 per ounce, as suggested by a projection analysis and a rising trendline, according to Reuters market analyst Wang Tao.Among other precious metals, platinum was down 0.2 percent at $815.63 per ounce, while spot silver was up 0.2 percent at $16.01.
Japan February 19, 2019 / 12:47 AM / Updated 2 hours ago Global shares slip from four-month high, Swedish crown slumps Marc Jones 5 Min Read LONDON (Reuters) – European and Asian shares hovered near four-month highs on Tuesday as investors …
Wednesday 02.30 GMT. What you need to know. Hong Kong equities lead regional gains; US-China trade talks continue to progress in Washington; Japan exports slump, dragged down by China slowdown; Oil prices slip.
… * Dubai property stocks extend gains * Saudi's Mobily rises on fourth-quarter profit * Nine of 11 Saudi banks slide * Banks also weak in Qatar * Telecom Egypt jumps on dividend, deal with Vodafone Egypt By Shakeel Ahmad Feb 19 (Reuters) – The Dubai …
A UAE newspaper has said that Dubai has always remained a centre of attraction for the world. The ongoing 24th edition of Gulfood, the world's largest annual food and beverages (F&B) trade show, has attracted over 5,000 local and international …