The government has reduced import duty on edible oils in order to provide respite to consumers amid rising food prices ahead of the consumption-driven festive season. The Central Board of Indirect Taxes and Customs (CBIC) issued a notification to the effect, “on being satisfied that it is necessary in the public interest to do so.”
Prices that producers get for final demand goods and services surged in August at their highest annual rate since at least 2010, the Labor Department reported Friday. The producer price index rose 0.7% for the month, above the 0.6% Dow Jones estimate, though below the 1% increase in July. On a year-over-year basis, the gauge
GBP/USD Weekly Forecast: Range bound with an eye on the BOE Weak July GDP data restrains sterling and rate hike expectations. GBP/USD finishes the week on par and at the middle of three-month range. Sterling’s recovery on Thursday and Friday ended, temporarily, the threat of the GBP/USD breaking below 1.3765 support and entering the lowest
NASDAQ index trading to a new session low The US stocks have heading lower. The NASDAQ index is now trading at new session lows down about -60 points or -0.39% at 15187.40. The Dow is down -146 points or -0.42% at 34731. The S&P index is down -16.75 points or -0.37% at 4476.43. Both the
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20 years ago suddenly things changed Tomorrow is the 20th anniversary of September 11, 2001. That day saw a plane crash into the Pentagon, another crash in Shanksville Pennsylvania presumably before reaching its intended target at the Washington Capitals or White House. However, it was the two planes that crashed into the World Trade Center
Kolkata: Digital gold players see a 5 per cent drop in sales in FY22 as market regulator Securities Exchange Board of India (Sebi) banned buying digital gold from stockbrokers effective from September 10. Digital gold sales, which picked up since the pandemic broke out, is around Rs 4000 crore annually. Digital gold players are now
The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks sank -10.39 mmb to 1233.43 mmb in the week ended September 3. Crude oil inventory declined for a 8 consecutive week, down -1.53 mmb (consensus: -4.61 mmb) to 423.87 mmb. Stockpile fell in PADD 3,
Affirm Holdings Inc. website home screen on a laptop computer in an arranged photograph taken in Little Falls, New Jersey, U.S., on Wednesday, Dec. 9, 2020. Gabby Jones | Bloomberg | Getty Images Affirm reported better-than-expected fiscal fourth-quarter results after the bell on Thursday, including solid guidance and 71% revenue growth. The stock soared more
Gold breaks beneath $1,800, bears target $1,700. US 10-year Treasury yields rise, underpinning demand for the US dollar. Fed speakers in the week agree on prospects of bond tapering this year. Gold edges lower during the New York session, trading at $1,789.08 down 0.30% at the time of writing. Meanwhile, the US 10-year Treasury yields, which
The lows today tested the low prices for the week the price of WTI crude oil has run the gamut of the weeks highs and lows in it trading range today. Earlier in the day, the price tested the lows for the week near the $67.56 level. The low price today reached $67.68. The high
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 of your initial investment; do
Everything is bigger in Texas, which is why it shouldn’t come as a surprise that the Lone Star state is making moves to become America’s next Bitcoin (BTC) hotspot. Most recently, Texas implemented two laws to ensure that cryptocurrencies are recognized under state commercial law. Texas House Bills 4474 and 1576 both took effect on
New Delhi: After witnessing net outflow in July, gold exchange-traded funds (ETFs) attracted Rs 24 crore in August on a positive global outlook, reflecting an improving sentiment towards the yellow metal. The total inflow has reached Rs 3,070 crore in the asset class during the first eight months of the current year (January-August), data with
Canadian Dollar rebound strongly in early US session after stronger than expected job data. Commodity currencies are also generally firm with European stocks and US futures, followed by Sterling. On the other hand, Yen, Swiss Franc and Dollar are turning softer, but Euro is not too far away. The question now is whether the risk
In this article LULU Lululemon shares surged more than 13% in extended trading Wednesday after the athletic apparel maker reported fiscal second-quarter profit and revenue that topped analysts’ expectations. Consumers are shopping Lululemon stores and the company’s website for its sports bras, jogger pants and leggings for their stay-at-home wardrobes. But many are also seeking