Business

During the 22nd Annual Summit in Moscow, India and Russia have set an ambitious trade target of 100 billion dollars by 2030. In a significant move, the two nations signed nine Memorandums of Understanding (MoUs) spanning multiple sectors including Environment and Climate Change, Polar Research, and Pharmaceutical industries among others.…

The cryptocurrency market experienced a significant downturn, erasing over $170 billion in value in just 24 hours, sparked by fears surrounding the Mt. Gox bitcoin payout. Bitcoin’s value plummeted by more than 6%, reaching a low of $54,237.18, the lowest since late February, according to CoinGecko data. This market shock comes as the trustee…

On Monday, benchmark 10-year Treasury yields reached their highest levels since mid-June, starting off a week shortened by the upcoming Fourth of July holiday. This period is expected to see subdued trading volumes. The rise in yields, which inversely correlate with bond prices, was influenced by recent political events in France and…

Oil prices are predicted to rise to $90 per barrel as escalating tensions in the Middle East threaten supply chains, according to market analysts. Brent crude oil prices approached $86 per barrel on Monday, with West Texas Intermediate (WTI) climbing to over $82 per barrel, signaling a possible uptick to $90 as…

In a significant development, the European Union is set to formally begin membership negotiations with Ukraine and Moldova, following a unanimous decision by the EU’s member states last week. The initiation of these talks will be officially marked by a ceremonial event in Luxembourg this Tuesday, symbolizing a major step for both countries in distancing…

Standard Chartered Plc is poised to introduce a trading desk for Bitcoin and Ether, marking its entry into the direct trading of cryptocurrencies, according to sources familiar with the plans. This strategic move positions Standard Chartered among the pioneering major global banks to offer spot cryptocurrency trading services directly to clients. The forthcoming trading…