Stocks in the United Arab Emirates fell sharply on Wednesday as markets reopened after a rare two-day trading halt triggered by Iran’s missile and drone attacks on the Gulf nation over the weekend, prompting investors to reassess geopolitical risks, Reuters reported.Dubai and Abu Dhabi exchanges had suspended trading on March 2 and March 3 —…
Any interruption to navigation in the Strait of Hormuz poses a serious threat to international oil trade flows. Strait of Hormuz closure has sent shockwaves in global markets and with no signs of the US-Israel-Iran war de-escalating, oil prices have been climbing up. The expanding conflict in Iran has brought tanker movement through the Strait…
India’s services sector growth eased marginally in February as new business expansion slowed to a 13-month low, reflecting softer demand conditions and a rise in inflation, according to a monthly survey released on Wednesday. The seasonally adjusted HSBC India Services PMI Business Activity Index edged down to 58.1 in February from 58.5 in January. In…
According to Goldman Sachs, Indian companies could be among the hardest hit in Asia by the conflict involving Iran. (AI image) US-Israel-Iran war impact: Indian equity benchmarks, Nifty50 and BSE Sensex, will see mounting pressure in the coming days if the Middle East crisis persists, feel analysts. Indian stocks, already under pressure, are expected to…
South Korea’s Kospi, which had long stood out as one of the world’s hottest-performing markets over the past year, with a whopping 36% gain, hit a roadblock. The Kospi Index, which recently inched up 3% to its record high, tumbled as much as 13% on Wednesday. This dramatic sell-off follows a 7.2% decline in the…
Gold price prediction (AI image) Gold price prediction today: Gold prices may face resistance at Rs 1,63,275, says Maneesh Sharma, AVP – Commodities & Currencies, Anand Rathi Shares and Stock Brokers.Gold opened up at the start of the week, a widely expected move, as investors sought safe haven, following the continued US and Israel attacks…
Middle East tensions have entered their fifth day and the UAE is slowly moving back towards normalcy. After a two-day pause, stock markets are set to reopen, and offices in Dubai and Abu Dhabi are preparing for staff to return in person. The UAE Capital Market Authority earlier confirmed that trading and settlement on the…
Rupee tumbled 66 paise on Wednesday, sliding to a record low of 92.15 against the US dollar amid surging oil prices and a pullback from riskier assets. Analysts caution that the currency could remain under strain until tensions in the Middle East subside. The ongoing war in the Middle East has sent shockwaves through global…
Nomura has a buy rating on Bharti Airtel with the target price at Rs 2,300. Analysts attended Bharti Airtel’s investor call. Among the key takeaways were the company’s commitment of Rs 20,000 crore into Airtel Money that will be done gradually over the years with 10-15% to be invested in the first year. The company…
By Shiva RajoraNEW DELHI: Amid weak market conditions and falling interest rates, Employees Provident Fund Organisation (EPFO) on Monday recommended retaining the interest rate on retirement savings accumulated by nearly 31 crore unchanged at 8.25% during the current financial year. This is the third consecutive year that the social security organisation has kept the rate…