Amidst trade tensions with the US, China has strategically shifted its export focus, increasing shipments to India, the EU, and ASEAN. While China's overall exports saw a moderate rise, exports to the US significantly declined, offset by growth in other markets.
Betting on gold! Central banks around the world to continue buying gold this year; holdings to see big increase
https://timesofindia.indiatimes.com/business/india-business/betting-on-gold-central-banks-around-the-world-to-continue-buying-gold-this-year-holdings-to-see-big-increase/articleshow/121907785.cms
https://timesofindia.indiatimes.com/business/india-business/betting-on-gold-central-banks-around-the-world-to-continue-buying-gold-this-year-holdings-to-see-big-increase/articleshow/121907785.cms
Central banks worldwide are increasingly favouring gold amid global economic uncertainties, according to a World Gold Council survey. A significant 95% of reserve managers anticipate further growth in central bank gold reserves, the highest since 2019. Emerging markets drive this trend, prioritizing gold for its value preservation and performance during instability.
Israel-Iran tensions impact: Crude oil climbs over $1 amid geopoliitcal concerns, evacuation fears hit global markets
https://timesofindia.indiatimes.com/business/india-business/israel-iran-tensions-impact-crude-oil-climbs-over-1-amid-geopoliitcal-concerns-evacuation-fears-hit-global-markets/articleshow/121909149.cms
https://timesofindia.indiatimes.com/business/india-business/israel-iran-tensions-impact-crude-oil-climbs-over-1-amid-geopoliitcal-concerns-evacuation-fears-hit-global-markets/articleshow/121909149.cms
Global stock markets experienced a downturn, and oil prices surged due to Israel's evacuation warning in Tehran, heightening fears of a broader regional conflict. European and Asian equities declined, while US futures pointed lower amidst investor anxiety. The Bank of Japan acknowledged economic uncertainties, and investors remained watchful of trade tensions and the upcoming US Federal Reserve meeting.
Bond boost ahead: RBI to reissue Rs 27,000 crore in securities, 2029 and 2054 maturities part of Centre’s borrowing plan
https://timesofindia.indiatimes.com/business/india-business/bond-boost-ahead-rbi-to-reissue-rs-27000-crore-in-securities-2029-and-2054-maturities-part-of-centres-borrowing-plan/articleshow/121909366.cms
https://timesofindia.indiatimes.com/business/india-business/bond-boost-ahead-rbi-to-reissue-rs-27000-crore-in-securities-2029-and-2054-maturities-part-of-centres-borrowing-plan/articleshow/121909366.cms
Reserve Bank of India will reissue government securities for Rs 27,000 crore. This move aims to manage the Centre's market borrowings. The auction is scheduled for June 20. RBI will reissue two tranches of government securities. These include securities maturing in 2029 and 2054. The auction will be conducted through the E-Kuber system.
BIS push on toy safety: India outpaces global norms, domestic firms gain global traction
https://timesofindia.indiatimes.com/business/india-business/bis-push-on-toy-safety-india-outpaces-global-norms-domestic-firms-gain-global-traction-despite-marginal-export-dip/articleshow/121909818.cms
https://timesofindia.indiatimes.com/business/india-business/bis-push-on-toy-safety-india-outpaces-global-norms-domestic-firms-gain-global-traction-despite-marginal-export-dip/articleshow/121909818.cms
India's stringent toy safety standards, enforced since 2021, have demonstrably improved product safety and reduced consumer complaints, according to the Bureau of Indian Standards (BIS). These norms, exceeding global benchmarks, ensure toys are free from hazards and toxic materials.
Gold-silver rate today: Silver hits record Rs 1,07,425/kg on China demand, gold drops Rs 1,200/10g amid profit booking
https://timesofindia.indiatimes.com/business/india-business/gold-silver-rate-today-silver-hits-record-rs-107425/kg-on-china-demand-gold-drops-rs-1200/10g-amid-profit-booking/articleshow/121910443.cms
https://timesofindia.indiatimes.com/business/india-business/gold-silver-rate-today-silver-hits-record-rs-107425/kg-on-china-demand-gold-drops-rs-1200/10g-amid-profit-booking/articleshow/121910443.cms
Silver futures reached a record high, driven by strong global cues and optimism from China's retail data, while gold prices corrected due to profit-taking and easing tensions in West Asia. Silver is consolidating gains with potential to rise further, supported by geopolitical uncertainty and inflationary pressures. Gold prices fell as traders assessed the likelihood of a full-scale regional war.
Derivatives expiry shuffle gets Sebi nod: NSE to shift to Tuesday, BSE to take Thursday from September 1
https://timesofindia.indiatimes.com/business/india-business/derivatives-expiry-shuffle-gets-sebi-nod-nse-to-shift-to-tuesday-bse-to-take-thursday-from-september-1/articleshow/121911002.cms
https://timesofindia.indiatimes.com/business/india-business/derivatives-expiry-shuffle-gets-sebi-nod-nse-to-shift-to-tuesday-bse-to-take-thursday-from-september-1/articleshow/121911002.cms
The NSE and BSE are set to swap their weekly derivatives expiry days starting September 1, 2025, following Sebi's approval. NSE will shift to Tuesday expiries, while BSE will move to Thursday. This change aligns with Sebi's directive to standardize equity derivatives expiries, avoiding congestion at the week's start or end.
Crude oil demand set to decline in 2030: IEA sees first drop since Covid, supply growth to be led by US and Saudi Arabia
https://timesofindia.indiatimes.com/business/international-business/crude-oil-demand-set-to-decline-in-2030-iea-sees-first-drop-since-covid-supply-growth-to-be-led-by-us-and-saudi-arabia/articleshow/121911562.cms
https://timesofindia.indiatimes.com/business/international-business/crude-oil-demand-set-to-decline-in-2030-iea-sees-first-drop-since-covid-supply-growth-to-be-led-by-us-and-saudi-arabia/articleshow/121911562.cms