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(Bloomberg) — Platinum fell by the most in more than three years as market tightness began to ease and conflict in the Middle East prompted global investors to reduce risk. Israel launched strikes across Iran, targeting nuclear facilities and killing top military commanders in a major escalation against its chief adversary. Most risk-on assets including…
Israel’s attack on Iran Friday has catapulted their long-running conflict into what could become a wider, more dangerous regional war and potentially drive prices higher for both businesses and households. Oil and gold surged and the dollar rose as markets retreated, signaling a flight to investments perceived as more safe. After years of sky-high inflation…
MUMBAI (Reuters) -The Indian rupee is expected to slip past 86 to the U.S. dollar at the open on Friday, hit by surging oil prices and sliding risk assets after Israel attacked targets in Iran. The 1-month non-deliverable forward indicated a open in the 86.02 to 86.10 range, versus 85.60 in the previous session. Brent…
GameStop falls after reporting decline in quarterly revenue US consumer prices rise moderately in May S&P 500 dips after source says U.S. embassy in Iraq preparing for evacuation S&P 500 -0.34%, Nasdaq -0.56%, Dow -0.02% (Updates with details of afternoon trading) By Noel Randewich and Kanchana Chakravarty June 11 (Reuters) – Wall Street dipped on…
Portfolio-management services firm, Marcellus Investment Managers’ founder and chief investment officer (CIO), Saurabh Mukherjea, warned the Indian middle class about the reducing number of traditional white-collar jobs due to the industry-wide shift to automation. In a recent podcast named ‘Beyond the Paycheck: India’s Entrepreneurial Rebirth,’ Mukherjea said that the current decade will determine the effective…