TOKYO, Aug. 14 (Xinhua) -- Tokyo stocks ended essentially flat Friday as buying on a weaker yen gave exporters a boost although was offset by profit-taking following the market's recent rise. … [Read more...] about Tokyo stocks close flat on yen’s retreat, profit-taking
Stock price of apple
Saudi Arabia, but it faces an equally worrying and more intractable problem of declining remittances from the Persian Gulf region due to low crude oil prices that have rendered a large number of expatriates jobless.Remittances to India from the Gulf countries fell 2.2% in 2015-16 from that a year ago to $35.9 billion, declining for the first time in six years, officials told ET.In 2015, according to World Bank data, Indians working abroad sent home about $69 billion, down 2.1% from $70 billion in the previous year. India is the largest recipient of remittances in the world and the Gulf countries account for more than half of this amount.The United Arab Emirates was the biggest source of remittances to India from the Gulf in 2015-16, accounting for 38.7% of the total inflow, followed by Saudi Arabia, with a 28.2% share. Analysts said India could see a further fall in remittances from the Gulf if oil prices stay low for an extended period or witness unexpected decline.This could emerge … [Read more...] about Low oil prices shrink Gulf jobs for Indians
Asia's emerging market stocks and currencies on Friday, on fading hopes the world's second-largest economy could make a swift recovery from its COVID-19 slump. Investors had taken recent data from the world's second largest economy, the first to emerge from lockdowns against the coronavirus, as an indicator it was getting back up to speed, but July retail sales unexpectedly fell and factory output missed estimates. Asian markets most heavily correlated with Chinese demand and global trade flows fell sharply with Seoul stocks diving 1.6%, while markets in Kuala Lumpur and Bangkok losing around 0.7%. The falls were more muted on currencies, with the won down 0.2% and Indonesia's rupiah around half a percent, while the Philippines peso gained. In China, the yuan was little changed and the Shanghai Composite Index fell by close to a fifth of a percent. "I would say it's more a knee-jerk reaction," said Julian Wee, an investment strategist at Credit Suisse in Singapore, referring to the … [Read more...] about Asia stocks, currencies fall as China data dents recovery hopes
Gold was trading higher in early trade on Wednesday on account of weak dollar amid political uncertainty after reports that said US President Donald Trump asked the FBI to end a probe into his former security adviser.The yellow metal was trading 0.51 per cent, or Rs 143, up at 28,237 per 10 gram around 10.45 am (IST), while the white metal silver was up 0.54 per cent, or Rs 211, up at Rs 38,955 per 1 kg at around the same time.On the further movement of gold, Nirmal Bang Commodities said, “We expect prices to trade higher for the day as Asian stocks slipped and the dollar was pressured after underwhelming US housing data and reports that US President Donald Trump sought an end to an FBI probe into his former security adviser.”Angel Broking seconds Nirmal Bang Commodities and said, “We expect gold prices to trade higher on Tuesday as further weakness in the Dollar index following recent news that Trump asked FBI Director James Comey to drop an investigation into former … [Read more...] about Gold, silver inch higher in morning trade; should you buy?
Nickel prices on Thursday edged up by Rs 9.20 to Rs 1,059.50 per kg in futures trade as speculators built positions owing to rising demand from alloy-makers in spot market.On the Multi Commodity Exchange, nickel contracts for December delivery gained Rs 9.20, or 0.88 per cent, to Rs 1,059.50 per kg in a business turnover of 73 lots.Similarly, the metal for delivery in January traded up by Rs 4.10, or 0.39 per cent, at Rs 1,049.20 per kg in a business turnover of 1,908 lots.Rising demand in spot market from alloy-makers supported price rise in nickel futures, analysts said. Copper Copper prices on Thursday traded up by 0.20 per cent at Rs 440.20 per kg in futures market on the back of pick-up in spot demand.On the Multi Commodity Exchange, copper contracts for delivery in December traded higher by 90 paise, or 0.20 per cent, at Rs 440.20 per kg in a business turnover of 33 lots.Similarly, the metal for delivery in January edged up by 85 paise, or 0.19 per cent, to Rs 445.10 per kg in … [Read more...] about Nickel, copper edge up in futures trade amid firm demand