After hitting a daily high of $22.08, the price of silver goes up and down, losing some of what it had gained. The European Central Bank (ECB) surprised the markets by raising interest rates by 50 basis points (bps) at a time when the financial markets were in turmoil and Credit Suisse (CS) was close…
The USD/CHF pair is still down about 0.45% for the day, but it has gained more than 50 pips since its daily low. It is now trading just below the 0.9300 mark in the early North American session. After Credit Suisse said it will use an option to borrow up to $54 billion from the…
Patanjali Foods said on March 16 that it will start the process of launching a Follow-On Public Offering (FPO) in April to increase the public shareholding to 25%. This is because stock exchanges have frozen the shares of its founders. But in an interview with the news agency PTI on Thursday, Baba Ramdev reassured his…
Mumbai: In the midst of the worldwide selloff brought on by growing worries over the stability of Swiss lender Credit Suisse Group AG, India’s leading NSE Nifty 50 Index was set for a technical correction.The gauge slid as much as 0.5% Thursday, taking losses from an all-time high in early December to almost 10%. Up…
MUMBAI: Despite weak global cues, the key equity indices Sensex and Nifty rose in early trade on Tuesday. The 30-share BSE Sensex increased 205.55 points or 0.35 percent to 58,443.40 points during tumultuous trading, while the wider NSE Nifty increased 44 points or 0.26 percent to 17,198.30 points.Twenty stocks were trading up while ten were…
The American financial and banking crisis, which is threatening to spread globally, is fueling safe-haven flows towards the US dollar, which has caused the USD/CAD to rise. With growing concerns about a financial catastrophe, the bankruptcy of two American banks prompted a sell-off in Credit Suisse’s (CS) stock. As a result, the USD/CAD is currently…
In the latter half of the day, as risk aversion dominated the financial markets and the USD gained strength, the EUR/USD pair continued its daily decline and dropped under 1.0550. An echo of the American banking crisis, with a particular focus on Credit Suisse, spread to the Old Continent and served as the impetus. Technical…
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