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  • El Nino Fading Grip

    El Nino Fading Grip0

    As the summer sun beats down on India, many are wondering – will this year’s heat be a typical scorcher, or will the monsoon bring welcome relief? The answer might lie in the distant Pacific Ocean, influenced by a climate phenomenon called El Nino. El Nino Pacific Punch El Nino, Spanish for “The Little Boy,”

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  • Economic Development In Asia Still Faces Many Challenges, China Minister Says

    Economic Development In Asia Still Faces Many Challenges, China Minister Says0

    Economic and trade development in the Asia-Pacific still faces many disturbances and challenges, China’s commerce minister Wang Went said. Wang made the comments at the Asia-Pacific Economic Cooperation (APEC) conference in Detroit, where he met with several leaders and exchanged views on multilateral and bilateral economic and trade issues amid wider global trade rifts and

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  • ECB To Raise Rates Again And Face Questions About Future Path

    ECB To Raise Rates Again And Face Questions About Future Path0

    The European Central Bank is set to raise interest rates again on Thursday and pencil in more hikes for the next few months, with the only open question being how big these will be. The ECB has been increasing rates at a record pace to fight a sudden bout of high inflation in the euro

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  • ECB Likely To Stick To Big Rate Hike Despite Banking Turmoil, Source Says

    ECB Likely To Stick To Big Rate Hike Despite Banking Turmoil, Source Says0

    European Central Bank policymakers are still leaning towards a half-percentage-point rate hike on Thursday, despite turmoil in the banking sector, as they expect inflation will remain too high in coming years, a source told Reuters. Investors had begun to doubt the ECB’s commitment to another big rate hike this week after the collapse of Silicon

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  • Dubai 22K gold price touches Dh200 a gram for first time in nine years

    Dubai 22K gold price touches Dh200 a gram for first time in nine years0

    Dubai: The official gold rate in Dubai has touched Dh200 a gram for the first time in nine years. Anyone buying gold now – few are – will also have to fork out an additional 5 per cent on that. “Gold’s turning super-hot – for consumers and retailers,” said a trader. “At these levels, it’s

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  • Dr. Martens Plunges After Fresh Profit Warning

    Dr. Martens Plunges After Fresh Profit Warning0

    Dr. Martens (LON:DOCS) stock plunged at the open on Thursday to a new all-time low, after the bootmaker was forced to cut its forecasts once again in response to problems in North America. Dr. Martens said a variety of operational problems had created a bottleneck at its new distribution center in Los Angeles, leaving U.S.

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