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: 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: Chile, Codelco to Restart Delayed Copper Salvador Mine Project
Chile, Codelco, the world’s largest copper producer, is attempting to minimise a series of problems that have pushed one of its investment projects behind time and beyond budget. Prior to a tragic accident, pandemic-related delays, and the termination of the company hired to undertake earthworks, the Chilean state-owned company had planned to convert its mostly […]
ShreeMetalPrices: UK’s Economy shows strong signals of recovering; Manufacturing PMI rose to 49.3
The UK’s manufacturing purchasing managers’ index (PMI) increased from 47.0 in Jan & the previous flash forecast of 49.2 to 49.3 in Feb 2023. This was the best purchasing managers’ index figure during that period, despite the fact that it maintained below the neutral level of 50.0 for the 7th consecutive month. For the 1st […]
ShreeMetalPrices: Federal Reserve policymakers warns more rate hikes in 2023
The Federal Reserve (Fed) said that raising interest rates will continue to be implemented in its semi-annual Monetary Policy Report sent to Congress in order to combat excessive inflation. The Federal Open Market Committee (FOMC) resumes rate rises at its meetings in December and January. But according to the report. “It thinks continuous hikes with […]
ShreeMetalPrices: Commodities Market Outlook – May Rise Next Week Prospects on China’s Economy Recover
Markets were more volatile In the week ending March 3. As a fresh batch of positive United states economic statistics impacted on risk appetites. And investors grew more optimistic about stimulus announcements at China’s National People’s Congress (CNPC). After 4 weeks of gains, the Dollar index ended the week with a small dip. It had […]