02 Apr 2020

NRI 126 Comments
Gold prices inched up on April 2, following a rally in the previous session, as fears about a coronavirus-led steep slump in global economic activity lent support to the metal as a safe-haven asset. FUNDAMENTALS * Spot gold gained 0.1 percent to $1,592.56 per ounce by 0011 GMT, having risen 1.2 percent in the previous session. US gold futures rose 0.9 percent to $1,605. * Asian ...
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02 Apr 2020

NRI 0 Comment
US stock indexes tumbled at the open on Wednesday, as investors fled to safe-haven assets following the first slide in U.S. private payrolls since 2017 and dire predictions on the US death toll from the coronavirus. The Dow Jones Industrial Average fell 689.78 points, or 3.15 percent, at the open to 21,227.38. The S&P 500 opened lower by 86.51 points, or 3.35 percent, at 2,498....
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02 Apr 2020

NRI 0 Comment
The global economy could shrink by up to 1 percent in 2020 due to the coronavirus pandemic, a reversal from the previous forecast of 2.5 percent growth, the UN has said, warning that it may contract even further if restrictions on the economic activities are extended without adequate fiscal responses. The analysis by the UN Department of Economic and Social Affairs (DESA) said the...
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02 Apr 2020

NRI, stocks 85 Comments
Overseas investment by domestic firms stood at USD 2.37 billion in February 2020, as per RBI data. In the year-ago same period, companies in India invested USD 2.36 billion. In January 2020, domestic companies invested USD 2.23 billion in their foreign firms (joint ventures/wholly-owned units). Of the total investments in February this year, USD 1.16 billion was in the form of lo...
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