Gold rises to near $4 400 as weak retail data weighs on dollar
Spot gold was 0.4% higher at $4 391.60 an ounce at 10:50 a.m. in Singapore.
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More young Singaporeans investing early, but some prefer luxury bags over the stock market
Experts urge young investors to leverage their long runway by starting early and investing regularly.
- 51% of Singaporeans aged 18-40 actively invest, per Trust Bank survey
- 74% of 18-24 year-olds made first investment by age 20
- Some young investors prefer luxury bags over stock market
Hormuz Tanker Traffic Slows to a Trickle
Tanker traffic via the Strait of Hormuz slowed further over the weekend, maintaining upward pressure on oil prices. At the time of writing, Brent crude was trading at $88.62 per barrel, with West…
- Tanker traffic in Hormuz slowed to five ships on Saturday
- No tankers scheduled to pass through on Sunday
- Iran's Foreign Minister says U.S.-Iran talks unlikely
Europe’s heatwaves expose insurance gap as business losses mount
Extreme heat often falls outside traditional business interruption insurance, exposing a growing protection gap for companies across Europe.
RBI's heavy FX footprint revives memories of a tightly managed rupee
The dollar sales occurred at multiple price levels, combining brief spurts of aggressive dollar selling with large offers, seemingly aimed at anchoring the rupee above certain levels
European Shares Seen Mostly Higher At Open
(RTTNews) - European stocks are seen opening broadly higher on Monday as investors keep a close eye on geopolitical developments in the Middle East and ponder the U.S.
The RBI’s revolving-credit rule treats every NBFC like a bad lender
The post The RBI’s revolving-credit rule treats every NBFC like a bad lender appeared first on The Ken .
- RBI proposes new rules prohibiting most NBFCs from offering revolving credit.
- Revolving credit allows borrowers to repeatedly borrow and repay the same amount.
- NBFCs like Bajaj Finance and Tata Capital would be affected by the proposed rules.