An Emirates Airlines plane Karim Sahib | AFP | Getty Images DUBAI, United Arab Emirates — Dubai-based carrier Emirates airline on Monday reported record annual profit of 17.2 billion dirhams ($4.7 billion) for the 2023-2024 financial year, up 63% from the year prior. The flag carrying airline of the UAE’s glitzy commercial capital has enjoyed
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DXY Index exhibits mild losses at 105.35, indicating a modest bearish trend. Market attention is centered on conservative Fed comments and April inflation expectations that could shape US Dollar outlook. Bets on the Fed remain steady and also lend support toalternative the USD. The US Dollar Index (DXY) is trading mildly lower at 105.35 on Monday
The AUDUSD fell in the early Asian-Pacific session, and in the process tested a short-term swing area seen over the last few weeks at 0.6585. Points are held, the price reversed and started to extend the upside. The move has now taken the price above the 50% midpoint of the move down from the December
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
On Monday, gold prices on MCX for June futures contracts opened 0.47% or Rs 342 lower to trade at Rs 72,35 per 10 grams while MCX July silver contracts were up by Rs 273 or 0.32% to Rs 84,637 per kg. Last week witnessed notable price fluctuations in both gold and silver, spurred by disappointing
Fresh selling is seen in Yen and Dollar in early US session, as the markets are going through a quiet day. There is no immediate fundamental catalyst identified for these movements. Traders might be repositioning ahead of significant US economic data releases scheduled for later in the week. Producer Price Index on Tuesday will offer
In this article 9984.T-JP Follow your favorite stocksCREATE FREE ACCOUNT SoftBank’s Vision Fund, the brainchild of the company’s founder Masayoshi Son, has faced a number of headwinds including a slump in technology stocks as a result of rising interest rates, a tough China market and geopolitics. Kentaro Takahash | Bloomberg | Getty Images SoftBank posted
USD/CAD gains ground around 1.3680 in Friday’s early European European session. Fed’s Logan said it’s not clear if policy is tight enough to bring inflation down, adding it’s too soon to cut rates. The Canadian economy added 90,000 jobs in April, above the consensus of 20,000 gains. The USD/CAD pair recovers some lost ground near 1.3680 during the early European session on Monday. Meanwhile,
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
New Delhi: Gold exchange traded fund (ETF) witnessed a net outflow of ₹396 crore last month, making it the first withdrawal after March 2023, owing to profit booking. Despite the decline, the asset under management (AUM) of gold funds rose 5% to ₹32,789 crore at April-end from ₹31,224 crore in the preceding month, according to
Federal Reserve (Fed) Bank of Richmond President Thomas Barkin hit newswires late Friday reaffirming a “patient” approach from the Fed will eventually reduce inflation to the US central bank’s desired target level. Key highlights The current economy calls for a deliberate and patient approach. With appropriate policy and time, inflation will hit 2%. Demand is
The USD weakened across the board yesterday following a notable miss in the US initial claims data as that added some more pressure on the USD with the market weighing the possibility that the labour market could weaken fast enough in the next months to justify more rate cuts than expected. Overall though, the price
UPCOMING EVENTS: Monday: New Zealand Services PMI. Tuesday: Japan PPI, UK Labour Market Report, Eurozone ZEW, US NFIB Small Business Optimism Index, US PPI, Fed Chair Powell speech. Wednesday: Australia Wage Price Index, Eurozone Industrial Production, US CPI, US Retail Sales, US NAHB Housing Market Index, PBoC MLF. Thursday: Japan GDP, Australia Labour Market Report,
After consistently trading below Rs 72,000 for the past few sessions, gold prices on MCX for June futures contracts rose by Rs 442 or 0.62% to trade at Rs 72,081 per 10 grams on the auspicious occasion of Akshaya Tritiya on Friday. Meanwhile, MCX July silver contracts were up by Rs 418 or 0.49% to
The flags of the U.S. and Germany are on the table at a bilateral meeting between German Economics Minister Habeck and U.S. Secretary of State Blinken at a hotel on the Gendarmenmarkt. Photo: Christoph Soeder/dpa (Photo by Christoph Soeder/picture alliance via Getty Images) Christoph Soeder/dpa | Picture Alliance | Getty Images After years of China
In this article DIN Follow your favorite stocksCREATE FREE ACCOUNT Scott Mlyn | CNBC Applebee’s and IHOP owner Dine Brands thinks its deals can lure away fast-food customers who have grown frustrated with menu prices. As consumers pull back their restaurant spending, Applebee’s and IHOP are fighting against a larger group of rivals than usual
Gold rebounds from daily lows, propelled by a sharp drop in US consumer sentiment and future economic outlook. High US Treasury yields weren’t an excuse for Gold’s advance. US consumers expect inflation to remain above 3% over a one-year period. Fed officials are cautious about rate cuts, with mixed signals from different Fed governors. Gold