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India's forex reserves grow by $2.4 billion as foreign investors return
... billion as of July 22. Foreign portfolio investors who were seen pulling out of Indian markets because central banks in the United States started tightening rates as inflation in these economies started to rise. The net FPI flows have been positive for the ... ... defend their currency. India, Thailand and Korea have seen their reserves drop by a combined $115 billion this year as they sold dollars to curb currency declines, according to Bloomberg news. They are facing a tighter relationship between external financial ...
Updated: 08/09/2022
US Senate lawmaker to hold on Rwandan security aid
... According to the letter, which was leaked to the media, Menendez stated that he would begin by placing a hold on several million dollars in support for Rwandan peacekeepers participating in UN missions. A hold is a procedure used in the Senate that prevents ... ... with Rwanda at the end of March. Kigali denies that Rwanda supports M 23. Congo has accused Rwanda of backing it. In 2021, the United States gave more than $147 million in foreign aid to Rwanda, making it Rwanda's largest bilateral donor. Menendez cited allegations ...
Updated: 08/09/2022
GLOBAL MARKETS-Wall Street shares mostly flat as inflation, rates weigh
... and other criptocurrencies. The last time that happened was at $23,942, it was up 3.25%. On Monday, gold broke higher as the dollar and Treasury yields retreated. Spot gold rose 0.8% to $1,788 per ounce after dropping 1% in the previous session. The ... ... rebounded on Monday but were still near their lowest levels in volatile trading as positive economic data from China and the United States spurred hopes for demand growth despite recession fears. U.S. crude was up 1.79% to $90.59 per barrel and Brent was at ...
Updated: 08/08/2022
Qualcomm, GlobalFoundries sign deal for chip manufacturing
... Monday. More than double their existing long-term manufacturing agreement for chips used in 5 G transceivers, Wi-Fi , automotive and Internet of Things IoT connectivity was signed by Qualcomm and GlobalFoundries on Monday. Under a multi-billion dollar revenue agreement, chips will be produced in GlobalFoundries ' factories in the United States, Germany, Singapore and France. The companies committed to support U.S. based manufacturing by expanding capacity at GlobalFoundries ' most advanced semiconductor manufacturing facility in Malta, New York. U.S. chipmaker Qualcomm was one of the ...
Updated: 08/08/2022
Russian stock markets jump as foreign investors return
... Russian shares. There is no chance that non-residents from unfriendly countries, including the European Union members, the United States, and Britain, will be able to trade on Russian markets in the near future. Since February 25th, foreigners have been locked ... ... after President Vladimir Putin ordered tens of thousands of troops into Ukraine. The Russian rouble was 0.9% higher against the dollar at 60.04 at the time of 0940 GMT, having briefly dipped below the 60 mark. It gained 1.1% to trade at 60.83 against the ...
Updated: 08/08/2022
Robinhood is again being investigated again by regulators
... resources to address compliance and cybersecurity risks. According to an order filed Tuesday, NYDFS said that the Robinhood unit must enlist an independent consultant to monitor compliance. The penalty was expected to be paid by the company last year. As part of the settlement, the New York State financial regulators said that RobinhoodCryptocurrency will be required to retain an independent consultant to evaluate ... ... real-time market data for more than a dozen digital assets. Robinhood currently has over three million users and billions of dollars in transaction volume.
Updated: 08/08/2022
COP27 debate on loss and damage finance continues
... economic fallout of the Ukraine war and the COVID-19 epidemic, COP 27 will be no easier, as wealthy countries spend trillions of dollars propping up their economies. Matthew Samuda , minister in Jamaica's economic growth ministry who works on climate change,... ... that it was my hope that developing nations will galvanize their voices to push for adequate treatment of loss and damage. The United States and the 27- country European Union have resisted the steps that could cause legal liability or lead to compensation. At ...
Updated: 08/08/2022
Gold prices flat as US jobs report boosts rate hikes
... $1,774. 09 per ounce, as of 0121 GMT, had dropped 1% in the previous session. The US gold futures were steady at $1,790. The dollar index was at 106.77, the highest level since July 28. It was close to Friday's peak of 106.93. Benchmark US 10 year Treasury ... ... Pelosi . On the physical side, gold premiums in China went up last week on safe-haven demand, driven by rising tensions with the United States over Taiwan, while higher domestic prices cooled buying activity in India. The holdings of SPDR Gold Trust fell by 0.12% ...
Updated: 08/08/2022
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