Asian markets in red, gold and silver down

Sep 26, 2016 03:18 am UTC| Commentary

Asian indices start a new week on the negative note. Same way, gold and silver was also trading on a lower note. Gold was trading around $1,334 and silver was trading around $19.52 marks. Japans Nikkei was trading...

Americas Roundup-Dollar declines as investors eye U.S. presidential debate,gold heads for best week since July as Fed fears fade-September 24th,2016

Sep 23, 2016 22:52 pm UTC| Commentary

Market Roundup US Prelim Sept Markit Mfg PMI slips 0.6 to 51.4, forecast 51.9. Canadas y/y inflation rate sinks to 10-mos low at 1.1%, 7th consecutive month below 2% target. Euro Zone Sept flash composite PMI...

BoE's Forbes sees little need for additional monetary easing

Sep 23, 2016 15:43 pm UTC| Commentary

Bank of England (BoE) policy maker Kristin Forbes speaking at Imperial College, London said on Thursday that said she did not see a case for a further interest rate cut to help Britains economy, putting her at odds with...

CBRT acknowledges decelerating growth, monetary easing likely to continue

Sep 23, 2016 15:16 pm UTC| Commentary

The Central Bank of the Republic of Turkey lowered its overnight lending rate by 25 basis points during its meeting on Thursday as had been widely anticipated. The central bank kept other policy parameters...

Saudi Arabia makes oil output proposal to Iran ahead of Algiers OPEC meeting

Sep 23, 2016 14:39 pm UTC| Commentary

As Algeria readies to host meeting of the Organization of the Petroleum Exporting Countries (OPEC) next week, Saudi Arabia has made an oil output proposal to Iran. Saudi Arabia said that it was ready to reduce output if...

Chart of the Day Series

Chart of the Day: Money flows to India

Sep 23, 2016 14:13 pm UTC| Commentary Economy

The era of increasedForeign Direct Investment flows to India, actually began in 2007 and after the financial crisis in the developed marketflows increased to $22 billion in 2009, only to see it drop to $12 billion in 2011....

UK will probably invoke Article 50 in early 2017 - Boris Johnson

Sep 23, 2016 13:56 pm UTC| Commentary

UKs foreign minister Boris Johnson in a rare hint of the governments plans for Brexit told Sky News that the UK government is likely to trigger article 50 and begin the process of the countrys formal departure from the...