News – Page 268 – NATURALDEPOSIT

Reserve Bank of India Intervenes in Currency Market to Prevent Rupee Appreciation

The Reserve Bank of India (RBI) is reportedly buying dollars through state-owned banks to prevent the rupee from appreciating above the psychological level of 81 rupees per dollar, according to traders cited by Reuters. The rupee last traded at 81.125 rupees against the US dollar, after climbing to 80.89 rupees per dollar in morning trade. …

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Japanese Government Officials Requested BOJ to Postpone December Meeting Resolutions over Market Concerns

Markets, News

The Bank of Japan (BOJ) released minutes of its December meeting on Monday, stating that Japanese government representatives attending the Dec. 19-20 BOJ meeting had urged the BOJ board to postpone the announcement of the meeting’s resolution. This was due to a signal that the BOJ would adjust its yield curve control (YCC) policy at …

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electrical posts and power lines under cloudy sky

China Announces Record Investment in Power Grid Construction: 520 Billion Yuan in 2023

News

China’s state-owned electricity company, China Electric Power Co., Ltd., announced plans to increase investment in power grid construction for the fourth consecutive year, with a record total of 520 billion yuan in 2023. This represents a 4% increase compared to 2022. In 2022, the company invested a total of 509 billion yuan in power grid …

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Brazil and Argentina Discuss Adoption of Common Currency to Stimulate Economic Growth

News

Brazil and Argentina, the two largest economies in South America, are in the preliminary stages of reviving discussions about adopting a common currency for financial and trade transactions. The idea has been discussed in the past, but political and economic obstacles have prevented progress. At a recent meeting in Buenos Aires, Brazilian President Luis Inacio …

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Sri Lanka Earns $900 Million in Rubber Export Revenue in 2022, Aims to Reach $3 Billion by 2025

News

Sri Lanka’s Department of Rubber Development has announced that the country earned $900 million in export revenue from rubber products in 2022. This is a slight decrease from the 2021 figure of $1 billion, but the department aims to increase revenue from rubber products to $3 billion by 2025. According to the Director-General of the …

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GIT and Synchrotron Light Research Institute Collaborate to Promote Thai Gem and Jewelry Industry as a World Trading Hub

News

The Gem and Jewelry Institute of Thailand (GIT) has announced a collaboration with the Synchrotron Light Research Institute (SLRI) to promote and support research and innovation in the Thai gem and jewelry industry. The two organizations have signed a memorandum of understanding on academic cooperation in gem research and development, utilizing synchrotron light technology and …

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close up shot of two people holding a gold coin

US Government Seizes Nearly $700 Million in Assets from Sam Bankman-Fried

Crypto, News

The US government has seized nearly $700 million in assets from Sam Bankman-Fried, the founder of cryptocurrency exchange platform FTX, according to federal court documents released on Friday. The assets, mostly in Robinhood stock, were seized by federal prosecutors as part of an ongoing investigation into allegations that Bankman-Fried stole billions of dollars from FTX …

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Thailand’s tourism revives, boosting SME confidence index in December, highest in 21 months

News

According to a report from the Office of Small and Medium Enterprises Promotion (OSMEP), the Small and Medium Enterprises Sentiment Index (SMESI) for December has shown an increase compared to the previous month. The SMESI index stood at 55.7, up from 53.8, marking the fifth consecutive month of increase and the highest level in 21 …

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white and brown concrete bungalow under clear blue sky

US Home Sales Decline for 11th Straight Month as Rising Prices and Interest Rates Impact Market

News

The National Association of Realtors (NAR) has reported that existing home sales in the United States have fallen for the 11th consecutive month in December. According to the NAR report, existing home sales dropped 1.5% to a seasonally adjusted 4.02 million units, the lowest level since November 2010. Despite the decline, the figure was higher …

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UK Retail Sales Fall in December as Consumers Cut Spending Amid Inflation

News

According to a report from the Office of National Statistics (ONS), inflation-hit British consumers unexpectedly cut their spending in December, quelling hopes that Christmas spending would boost the country’s retail sector. The ONS reported that British retail sales fell 1% in December compared to November, in contrast to economists’ expectations for a 0.5% increase in …

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