ShreeMetalPrices: European Central Bank raises interest rates despite two banks collapsed in a week
The European Central Bank (ECB) raised interest rates by 50 bps on Thursday. Less than twelve hours after Credit Suisse was given a 50 billion Swiss franc (53.94 billion dollar) lifeline.Notwithstanding recent market turbulence, the central bank continued with a 50 bps increase. Gold rose along with borrowing prices for European govt bonds, even as […]
ShreeMetalPrices: China’s economic shows disappointing start to 2023
China reported on Wednesday that retail sales growth in the initial two months of this year only met forecasts, and that real estate investment decreased even more.During the months of Jan and Feb, industrial production has increased by 2.4% rather than the 2.6% predicted by analysts. The report show “stable rather than increasing momentum. Which […]
ShreeMetalPrices: Lithium Reserves found in Jammu & Kashmir will Be Auctioned: Mines Minister Pralhad Joshi
The country’s mines minister said in parliament on Monday. That a lithium block found previous month will be put up for auction in Jammu & Kashmir, India’s northernmost federal region. Minister Pralhad Joshi stated, “The exploitation of lithium would rely upon the victorious auction of the mineral block,” adding that the Jammu & Kashmir government […]
ShreeMetalPrices: Rahul Gandhi On Adani-Hindenburg: ‘Modani’ Jibe; India’s Foreign ‘Deal’ Policy
In January 2023, Hindenburg Research issued a report alleging that Adani Group, one amongst Asia’s top companies, with market manipulation & financial fraud. Days after buying the Israeli port in Haifa. The Adani Group’s stock crashed by more than $100 billion, losing half of its worth. Despite Adani’s denials of these accusations, which he referred […]
ShreeMetalPrices: SVB – Signature Bank failure: What Led To Collapse banks in US?
SVB – Signature Bank was founded in 2001 and has since grown to be one of the few banks that handle funds by cryptocurrency investors and businesses.Regulators shut down New York-based lenders Signature Bank 2 days. After the fall of Silicon Valley Bank (SVB), thus the largest retail banking collapse ever since global financial crisis […]
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 […]