While Russia has publicly encouraged the use of cryptocurrency and last summer passed a law to allow digital currency payments in international trade, its use in the country’s oil trade has not previously been reported. Some Russian oil companies are using bitcoin, ether and stablecoins such as Tether to smooth the conversion of Chinese yuan […]
Spot gold gained 0.3% to $2,940.99 an ounce, as of 0856 GMT, about $16 shy from the record peak. Due to the economic uncertainty caused by U.S. tariffs, spot gold hit a record high of $2,956.15 on February 24. Get a look at the day ahead in U.S. and global markets with the Morning Bid […]
Spot gold rose 0.4% to $2,901.13 an ounce as of 0701 GMT, while U.S. gold futures firmed 0.2% to $2,905.70. The dollar index hovered near a four-month low hit last week, making bullion less expensive for overseas buyers, while benchmark 10-year U.S. Treasury yields fell. “US dollar and Treasury yields are lower, which is helping […]
The Indian rupee declined 0.4% to 87.26 against the U.S. dollar as of 9:45 a.m. IST. The reference rate, or the daily fix, was quoted at a 1/1.20 paisa premium, signalling strong dollar bids, a trader said. Meanwhile, the dollar index ticked up to 103.8, recovering from a four-month low hit last week after data […]
“Without immediate action, hard-won progress in the fight against TB is at risk. Our collective response must be swift, strategic, and fully resourced to protect the most vulnerable and maintain momentum toward ending TB,” said Tereza Kasaeva, director of WHO’s Global Programme on TB and Lung Health. Critical international aid, particularly from the U.S. Agency […]
Spot gold was up 0.2% at $2,898.25 an ounce, as of 0805 GMT, after rising nearly 1% on Monday. U.S. gold futures gained 0.2% to $2,907.90. “It’s a modest move so far today… The clear deterioration in global trade relations and the weaker U.S. dollar on fears of a sudden slowdown in U.S. growth gave […]
This milestone marks the culmination of efforts by the poultry and oilseeds industries, in collaboration with legislative bodies, to secure approval for the import of genetically modified (GM) soybeans. The move is expected to boost Pakistan’s poultry sector, drive value addition, and strengthen the economy. A Significant Market for US Soy Pakistan has emerged as […]
Israel’s assault on Gaza is likely to define the foreign policy legacy of the outgoing Biden administration, despite a deal reached with Palestinian group Hamas on Wednesday on a ceasefire in exchange for the release of hostages. “Criminal! Why aren’t you in The Hague,” shouted Sam Husseini, an independent journalist and longtime critic of Washington’s […]
Two sources familiar with Trump’s plan told Reuters that oil would not be exempted from potential tariff hikes on imports from Canada and Mexico, despite the U.S. oil industry’s warnings that the policy could hurt consumers, industry, and national security. Canada and Mexico are the top two petroleum exporters to the United States, contributing 52% […]
The Nikkei newspaper said that Japan’s Mitsubishi Motors is set to join an alliance between Honda Motor and Nissan Motor, creating a tie-up between automakers with combined sales of more than 8 million vehicles. Mitsubishi Motors, which is 34% owned by Nissan, will work with Honda and Nissan to finalize the details of their strategic […]
