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  • Major Fire Hits Chilean Port, Codelco Operations Unaffected

    Major Fire Hits Chilean Port, Codelco Operations Unaffected0

    A major fire broke out at Chile’s Ventanas port near a refinery and smelter belonging to state-run miner Codelco, but the company said on Thursday operations have not been affected. Meanwhile, a separate forest fire south of Ventanas near the coastal tourist city of Viña del Mar raged, killing at least two people while destroying

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  • Asia FX Muted, yen Supported By Bets on Eventual BoJ Pivot

    Asia FX Muted, yen Supported By Bets on Eventual BoJ Pivot0

    Most Asian currencies moved little on Monday as fears of a potential recession and rising COVID-19 cases in China weighed on sentiment, while the Japanese yen gained on bets that the Bank of Japan (BoJ) could eventually tighten policy amid rising inflationary pressures. The yen rose 0.4% to 136.18 against the dollar after a report

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  • Japan Foreign Reserves Fall For Third Month After Intervention

    Japan Foreign Reserves Fall For Third Month After Intervention0

    Japan’s foreign reserves extended declines in October, following the previous month’s record drop, the Ministry of Finance said on Tuesday, reflecting the largest ever amount of yen-buying, dollar-selling interventionThe data comes alongside separate figures that confirmed Japan did not conduct stealth intervention in September and only entered the market to buy yen for U.S. dollars

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  • Inflation top Worry For G20 Countries -Survey

    Inflation top Worry For G20 Countries -Survey0

    Runaway inflation, an unfolding debt crisis and cost-of-living problems pose the biggest threats to doing business for G20 countries in the next two years, data from the World Economic Forum showed on Monday. Inflation has surged to levels not seen in several decades, prompting a third of G20 countries to identify rising prices as their

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  • Global Food Security on The Edge as Russia Exits Grain Deal

    Global Food Security on The Edge as Russia Exits Grain Deal0

    How much of a price jump is harder to predict since the safe-passage deal was already set to expire in mid-November if no agreement is reached to extend it Traders are bracing for a fresh spike in grain prices after Russia’s exit from a deal allowing Ukraine crops to move from the Black Sea to

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  • PM Modi to Visit Kedarnath-Badrinath Today, Tight Security In Place

    PM Modi to Visit Kedarnath-Badrinath Today, Tight Security In Place0

    Prime Minister Narendra Modi will visit Kedarnath and Badrinath today during which he will inspect various ongoing development works and also lay foundation stones for some new projects In view of the visit, security arrangements have been tightened in the area, an official said While the officials are busy finalizing the preparations for the two-day

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