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US Dollar Hits Rs 136.03; Euro Reaches Rs 154.63 in Latest International Exchange Rates
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On May 8, the Nepal Rastra Bank announced the official foreign exchange rates for today. As stated by the central bank, the purchase price for one US dollar stands at NPR 135.43, whereas the sell-off rate is set at NPR 136.03. The euro is currently trading at Rs 153.95 for purchase and Rs 154.63…
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VN-Index breaks 4-session gaining streak
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Vietnam’s benchmark VN-Index fell 0.2% to 1,267.3 points Friday after rising in the previous four sessions. The index finished 2.5 points down following an increase of 19.4 points in the preceding session. Trading on the Ho Chi Minh Stock Exchange fell 9.42% to VND17.31 trillion (US$661.2 million). The VN-30 basket, comprising the 30 largest…
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“Goldman Sachs: Silver Won’t Keep Pace With Gold Rally” Says Bank
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New Delhi [India], May 8 (ANI): Gold Will keep surpassing silver in the precious metals market, as stated. Gold Goldman Sachs in a recent report. The historical relationship between gold and silver prices, usually ranging from 45 to 80, was reportedly “breached” for the first time since 2022. This shift can be linked to…
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Tokyo Stocks Surge Following U.S.-U.K. Trade Deal
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Tokyo stock prices surged significantly on Friday following a trade deal between the United States and Britain, which sparked optimism about advancements in negotiations between Washington and other trading nations. The Nikkei Stock Average with 225 issues concluded trading 574.70 points, equivalent to an increase of 1.56%, reaching 37,503.33, surpassing the 37,000 mark for…
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Stock Market Plummets: Another 6,482 Points Lost in Global Shake-Up
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On Thursday, the 100-index of the Pakistan Stock Exchange (PSX) experienced a downturn, shedding an additional 6,482.21 points—a decline of 5.89%. It finished at 103,526.82 points compared to the previous session’s close of 110,009.03 points. During the day, a total of 653,550,383 shares were exchanged compared to 550,076,224 shares from the prior trading session.…
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Nippon Steel Foresees 43% Drop in FY 2025 Profits Due to Tariff Troubles
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On Friday, Nippon Steel Corporation announced that they anticipate their net profit for the fiscal year 2025 will decrease by 42.9% to reach ¥200 billion ($1.38 billion). This outlook stems from increasing uncertainties surrounding the tariffs introduced by the United States. The Japanese steel company, struggling with its plans to purchase U.S. Steel Corp.,…
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Dollar Climbs Against Dong in International Markets
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On Friday morning, the U.S. dollar saw a slight increase against the Vietnamese dong and key currencies. At Vietcombank, the U.S. dollar was sold for VND26,160, marking an increase of 0.04% compared to Thursday’s rate. On the unofficial market, the dollar dropped by 0.13%, trading at VND26,475. The State Bank of Vietnam increased its…
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Dollar’s Rise Boosts Optimism, Pushes Won Below 1,400
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On May 9, the South Korean won depreciated beyond the 1,400 mark relative to the US dollar, marking its second consecutive day of gains as improved sentiment regarding reduced global trade frictions bolstered the American currency. The won started trading at 1,404.8 against each dollar, marking an increase of 8.2 won compared to the…
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Fed Acknowledges Stagflation Risks: deVere Warns Investors Must Act Swiftly
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The Federal Reserve has finally voiced what was previously unspoken: stagflation is not merely a remote possibility but a distinct and immediate concern. For several months, officials have skirted the issue. But now, they’ve shed their reservations. Here is Nigel Green, the CEO of leading financial advisory firm, presenting his analysis. deVere Group following…
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CBN Rakes in N598.3B via Treasury Bill Auction: International Edition
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The Central Bank of Nigeria (CBN) has allocated N598.33 billion worth of Nigerian Treasury Bills through three varying maturity periods, with the 365-day bill leading the auction, representing 80% of the overall sales and subscriptions. A total of ₦482.62 billion was sold for the 365-day tenure, indicating significant investor interest in the long-term instrument.…