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RBA Holds Cash Rate Steady: A Welcome Decision, Says Australian Treasurer...
On Tuesday, the Reserve Bank of Australia (RBA) announced its decision to maintain the cash rate at 4.35 percent, a news that was welcomed by Australian Treasurer Jim Chalmers. The RBA’s decision comes in the wake of its move to increase interest rates by 25 basis points in November to curb high inflation rates. A
ETF Movers
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India's Path to a $5 Trillion Economy by 2047...
India’s journey to become a $5 trillion economy by 2047, a vision set by Prime Minister Narendra Modi, is gaining momentum. The nation, currently boasting a Gross Domestic Product (GDP) of $3.7 trillion, is projected by global agencies to reach this target by the fiscal year 2027-28, potentially propelling it to the position of the
Currencies
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Vietnam's Coffee Output Drop to Tighten Global Robusta Supplies...
In a turn of events that could have a global impact, Vietnam, the largest producer of robusta coffee, anticipates a dip in its coffee exports due to a smaller yield and a surge in domestic consumption. The country’s coffee output is projected to hover between 1.6 and 1.7 million tons during the current harvest, marking
Cryptocurrencies
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Marital Money Management: A Look Into How Couples Handle Finances...
Marriage is a union of two individuals, but it doesn’t always mean a union of their financial habits. Each couple has a unique approach to managing their finances, with patterns as diverse as the people themselves. In this intricate dance of income and expenditure, some couples choose to mix their finances fully, others keep them
mutual funds
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Ambuja Cements Acquires Sanghi Industries, Bolsters Market Position...
In a significant development in India’s cement industry, Ambuja Cements, a premier cement company, has completed the acquisition of Sanghi Industries, a respected player in the sector. This move marks a strategic step towards strengthening Ambuja Cements’ market position and expanding its footprint across the country. Boosting Production Capacity The acquisition includes the manufacturing units
UK's Aspirations and Challenges in Becoming a Leader in Low-Carbon Hydrogen Production...
The United Kingdom is striving to position itself as a global forerunner in the production of low-carbon hydrogen, a fuel that emits zero carbon dioxide when burned. This ambition is part of the country’s broader decarbonisation strategy. A clear illustration of these efforts is the small-scale production facility run by the startup Protium in South
Euro Exchange Rate Surpasses 99 Rubles: Economic Implications...
For the first time since November 7, the euro exchange rate has witnessed a significant leap, surpassing 99 rubles during trading on the Moscow Exchange. This major swing in the currency market signals a notable shift in the value of the euro relative to the Russian ruble. Such fluctuations in exchange rates can have diverse
IT Industry Faces Elevated Employee Costs, Slower Revenue Growth Amid Pandemic...
The COVID-19 pandemic has presented the IT industry with a unique set of challenges, the most notable being elevated employee costs and moderating revenue growth. The technology spending surge, which buoyed the industry during the pandemic, is now on a downward trend, leading to slower revenue growth for IT firms. The financial burden of increased
Banco de Portugal's Key Financial Data Release: A Global Anticipation...
Monday sets the stage for Banco de Portugal to release the latest figures on interest rates, loan and deposit amounts, and public debt. Concurrently, markets keenly anticipate European indicators and speeches from European Central Bank (ECB) members, including the formidable Christine Lagarde. The financial landscape is set for a seismic shift, with implications that could
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