By Anmol Choubey (Reuters) -Gold prices touched another record high on Tuesday driven by strong investment demand amid broader geopolitical and economic uncertainty with additional support from expectations of further U.S. interest rate cuts. Spot gold held its ground at $3,956.02 per ounce by 0745 GMT, after hitting an all-time high of $3,977.19 earlier in …
Gold hits record high on broader uncertainty, rate cut bets Read More »
MUMBAI (Reuters) -India on Tuesday launched a foreign currency settlement system via the country’s tax-neutral zone GIFT City. This will help speed up foreign currency transactions, federal Finance Minister Nirmala Sitharaman said at the Global Fintech Festival in Mumbai. Banking major Standard Chartered’s India unit has been selected for U.S. dollar clearance. (Reporting by Ashwin …
India launches foreign currency settlement system via GIFT City Read More »
(Reuters) -India’s Canara HSBC Life Insurance Company has set a price band of 100 rupees-106 rupees per share for its upcoming listing, aiming for a valuation of about 100.7 billion rupees ($1.14 billion) at the upper end, as per Reuters calculations. Canara HSBC Life Insurance Company, a joint venture between Canara Bank and HSBC Group’s …
MUMBAI (Reuters) -The operator of India’s popular unified payments interface (UPI) is the first payments system partner onboarded on PayPal’s platform PayPal World, CEO Alex Chriss said on Tuesday. (Reporting by Ashwin Manikandan in Mumbai; Editing by Sonia Cheema)
By Ishaan Arora (Reuters) -Gold hit a record high on Tuesday as there were no signs of a reprieve from an impasse between the two houses of the U.S. Congress that has led to a government shutdown, while near-certain bets of a U.S. rate cut this month also lent support. Spot gold rose 0.4% to …
Gold hits all-time high on safe-haven demand, Fed rate cut bets Read More »
(Reuters) -Indian dealers’ auto sales grew 5.2% year-on-year in September, with upbeat growth across two-wheelers and passenger vehicles, as tax cuts boosted demand during the festive season, the Federation of Automobile Dealers Associations said on Tuesday. While sales were muted in the first three weeks of September, they surged after September 22, when the revised …
India’s retail auto sales get tax, festival boost in September Read More »
By Ishaan Arora (Reuters) -Gold hit a record high on Tuesday as there were no signs of a reprieve from an impasse between the two houses of the U.S. Congress that had led to a government shutdown, while near-certain bets of a Federal Reserve rate cut this month provided support. Spot gold was up 0.1% …
Gold at all-time high on safe-haven demand, Fed rate cut bets Read More »
By Nishit Navin and Ashwin Manikandan (Reuters) -Sammaan Capital will intensify its focus on affordable housing loans after a $1 billion investment by Abu Dhabi’s International Holding Company (IHC), the non-banking lender’s Chief Executive, Gagan Banga, told Reuters. Affordable housing is a key growth area, and the IHC investment will give that focus “even greater …
(Reuters) -Goldman Sachs raised on Monday its December 2026 gold price forecast to $4,900 per ounce from $4,300, citing strong Western exchange-traded fund (ETF) inflows and likely central bank buying. “We see the risks to our upgraded gold price forecast as still skewed to the upside on net, because private sector diversification into the relatively …
Goldman hikes December 2026 gold price forecast to $4,900/oz Read More »
(Reuters) -Gold raced to log a record high in early Asia hours trading on Tuesday, driven by economic uncertainty and as market participants saw possibilities of further rate cuts by the U.S. Federal Reserve. Spot gold gained 0.3% to $3,970.59 per ounce by 2230 GMT after hitting a record high of $3,972.01 earlier, while U.S. …
Spot gold hits record high amid safe haven demand and Fed rate easing hopes Read More »
