Mumbai: The Reserve Bank of India on Wednesday directed banks to link interest rates on loans to retail and small business borrowers to an external benchmark beginning 1 October to aid effective downward transmission of the central bank's policy rate cuts. [Full Article...]
Spot gold fell 0.6% to $1,537.20 per ounce at 0728 GMT, but hovered near last week's $1,554.56, its highest since April 2013. "The market is struggling to go above the $1,550 level and that's triggering some profit taking..." Lower interest rates reduce the opportunity cost of holding non-yielding bullion and weigh on the dollar. [Full Article...]
Vice Premier Liu He agreed to the visit in a telephone call on Thursday morning Beijing time with Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer, according to a statement from China's commerce ministry. That prompted China to lodge a complaint against the USA at the World Trade Organization . On Tuesday, Trump threatened that China, which is reportedly willi... [Full Article...]
Speaking this afternoon, Mr Javid announced plans to increase day-to-day spending by £13.8bn, with overall spending at its fastest rise in over 15 years. "This year is the 75th anniversary of the D-day landings", Mr Javid said. "We still don't know how business rate retention will work". This Spending Round provides more money to support vital public services while being delivered within the gov... [Full Article...]
The date is two years earlier than the government's initial plan to ban nickel ore exports in January 2022. Investors are also bullish on the metal's importance in the emerging electric vehicle battery market, with nickel representing a significant component in the chemical make-up of many lithium-ion batteries. [Full Article...]
WTI for October delivery rose $1.55, or 2.9%, to $55.49 a barrel on the New York Mercantile Exchange as of 9:15 a.m.in New York. Brent crude LCOc1 futures lost 40 cents, or 0.7%, to settle at $58.26 a barrel. While U.S. sanctions on Iran's oil industry have slashed the OPEC member's crude exports by more than 80 per cent, oil product sales from the Islamic Republic remain strong at almost $500... [Full Article...]
Tesla is increasing its focus past products to service, says Leo Liu, head of the 'company's China driving school which aims to show individuals "to make full use of their automobiles". PETA representatives raised this issue at the company's latest meeting of shareholders, inspiring Elon Musk to do so. That gives extra reason for Musk, who during his China trip praised the nation's lead in glo... [Full Article...]
Labour leader Jeremy Corbyn said the negotiations Johnson talked about "are a sham - all he's doing is running down the clock". If approved, it would mean Boris Johnson would have to seek an extension to 31 October Brexit deadline if a deal had not been agreed with the EU. [Full Article...]
Mumbai: The Reserve Bank of India on Wednesday directed banks to link interest rates on loans to retail and small business borrowers to an external benchmark beginning 1 October to aid effective downward transmission of the central bank's policy rate cuts. [Full Article...]
Spot gold fell 0.6% to $1,537.20 per ounce at 0728 GMT, but hovered near last week's $1,554.56, its highest since April 2013. "The market is struggling to go above the $1,550 level and that's triggering some profit taking..." Lower interest rates reduce the opportunity cost of holding non-yielding bullion and weigh on the dollar. [Full Article...]
Vice Premier Liu He agreed to the visit in a telephone call on Thursday morning Beijing time with Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer, according to a statement from China's commerce ministry. That prompted China to lodge a complaint against the USA at the World Trade Organization . On Tuesday, Trump threatened that China, which is reportedly willi... [Full Article...]
The date is two years earlier than the government's initial plan to ban nickel ore exports in January 2022. Investors are also bullish on the metal's importance in the emerging electric vehicle battery market, with nickel representing a significant component in the chemical make-up of many lithium-ion batteries. [Full Article...]
WTI for October delivery rose $1.55, or 2.9%, to $55.49 a barrel on the New York Mercantile Exchange as of 9:15 a.m.in New York. Brent crude LCOc1 futures lost 40 cents, or 0.7%, to settle at $58.26 a barrel. While U.S. sanctions on Iran's oil industry have slashed the OPEC member's crude exports by more than 80 per cent, oil product sales from the Islamic Republic remain strong at almost $500... [Full Article...]
Tesla is increasing its focus past products to service, says Leo Liu, head of the 'company's China driving school which aims to show individuals "to make full use of their automobiles". PETA representatives raised this issue at the company's latest meeting of shareholders, inspiring Elon Musk to do so. That gives extra reason for Musk, who during his China trip praised the nation's lead in glo... [Full Article...]
Labour leader Jeremy Corbyn said the negotiations Johnson talked about "are a sham - all he's doing is running down the clock". If approved, it would mean Boris Johnson would have to seek an extension to 31 October Brexit deadline if a deal had not been agreed with the EU. [Full Article...]