ShreeMetalPrices: India waits for lower Oil & LNG prices
State-run oil & gas businesses have chosen a wait-and-watch strategy in prediction of more price easing amid a turbulent energy market and supply concerns. These companies are currently in negotiations with gas producers worldwide for long-term liquefied natural gases (LNG) contracts. A person with knowledge of the proceedings stated that although the negotiations had been
ShreeMetalPrices: India’s CPI inflation dips to 6.44% in Feb, Still high from RBI’s tolerance limit
According to information made public by the Ministry of Statistics and Programme Implementation (MoSPI) on Monday, India’s Consumer Price Index (CPI), also known as retail inflation, eased to 6.44 % in February and continued to exceed the Reserve Bank of India’s (RBI) tolerance level for the 2nd consecutive month. For the 2nd month in a
ShreeMetalPrices: India, US inks MOU on semiconductors; Will help merging into global alliances
The United States CHIPS & Science Act & India’s Semiconductor Mission in view. India and the United States will develop a collaboration framework between 2 govts on chip supply chain flexibility and diversification.Using the complementary capabilities of both nations. The plan aims to promote business prospects and the growth of chip innovation ecosystems through conversations
ShreeMetalPrices: Federal Reserve holds an emergency meeting today in light to Silicon Valley Bank failure
United States Federal Reserve (Fed) will host a closed-door emergency meeting of the Board of Governors on Monday in response to the fallout the Silicon Valley Bank. The meeting will take place via audio/video conference call and at the Board’s offices at 20th & C Streets, N.W., Washington, D.C., in accordance with the accelerated procedures
ShreeMetalPrices: Goldman Sachs has revoked the Federal Reserve’s rate hike this month after failure of Silicon Valley Bank
Goldman Sachs analysts said on Sunday. That they no longer consider the United States Federal Reserve (Fed) to give a rate rise at its meeting on Mar-22 due to the current strain in the banking sector. In the past, Goldman anticipated a 25-basis-point increase in March. The failing Silicon Valley Bank’s, clients will be able
ShreeMetalPrices: Iron Ore, Zinc & Lithium turns into big business, But price Have slide deepens
Lithium has had a difficult beginning of this year, with prices in China falling by 30 percent since early Jan. Morgan Stanley attributed the significant price correction to stagnant demand, pointing out that opinions in the market are split as to whether prices will continue to decline or will eventually stabilise.– Iron Ore According to
ShreeMetalPrices: Saudi Arabia’s economy grows by 8.7% in 2022; Highest growth rate in last 10 years
Saudi Arabia’s GDP rose by 8.7% in 2022. The highest growth rate among G20 nations. According to a study released by the General Administration for Statistics. The study was cited by the Xinhua news agency as adding that the increase above the maximum 8.3% international estimate & was the greatest yearly rate in the kingdom
ShreeMetalPrices: BOJ Governor Kuroda Sticks With Easing policy rates & maintains yield curve control
The Bank of Japan (BOJ) kept interest rates at historic lows on Friday. And said that it would maintain its present pace of yield curve management as it navigates a leadership transition. And contends with a severe recession in the Japanese economy. Both the short & long policy interest rates were maintaine by the central
ShreeMetalPrices: Lithium Oversupply & EV Growth Slowed, BHP eyeing Nickle & Copper Project
BHP Group Ltd said on Wed that it is still dedicated to expanding its portfolio of nickel & copper projects. But that it is not interested in the lithium market, which it feels is oversupplied. – Lithium prices The remarks coincide with those made by the largest mining corporation in the world during the previous
ShreeMetalPrices: UK Might Avoid Recession This Year, Economy Still Poised to Slow Recovery: BCC
The British Chambers of Commerce (BCC) said on Wednesday that the nation’s economy is on pace to contract less than anticipated this year. And avoid the two consecutive quarters of negative growth that signify a technical recession. – uk The more optimistic perspective coincided with recent improvements in consumer confidence statistics and purchasing managers’ index