ShreeMetalPrices: UBS buys Credit Suisse in $3.25B to halt banking turmoil
The acquisition of Credit Suisse with UBS will produce a banking titan unprecedented of in Switzerland’s history, where in banking is a vital part of country’s identity. Here are the key terms of the 3.25 billion dollar settlement. Which was reached on Sunday following protracted negotiations involving the govt, financial watchdogs, and the central bank. […]
ShreeMetalPrices: United states Federal Reserve Policy Meeting sets for Mar 21 & 22
A number of significant economic events scheduled for the week, as well as a banking Industries turmoil in the United States. It is anticipated that both the domestic market and its international equivalents will remain volatile. Given the ongoing financial crisis & recent economic statistics. The 2-day United states FOMC monetary policy meeting. Which is […]
ShreeMetalPrices: Nexa Resources has halted operations at its Cerro Lindo zinc mine due to Cyclone Yaku
Major zinc miner Nexa Resources revealed yesterday that the production at Cerro Lindo mines in Peru has been interrupted. Due to unusually high rainfall conditions and overflowing rivers induced by Cyclone Yaku. That’s been hitting the region alongside other regions of the country. According to a news release from Nexa. Parts of the mine’s lower […]
ShreeMetalPrices: Oil & Commodities Steadies Hopes on China’s & U.S. Data
The oil industry has been waiting for data to confirm that China is purchasing crude as never before since COVID restrictions were lifted in the top crude importer in the world about 4 weeks ago. Investors will get a first impression of how China’s economic reopening is doing based on the PMI statistics released on […]
ShreeMetalPrices: Sudbury Mines discovers fresh resources of copper, nickel, cobalt, palladium, gold, and platinum
Magna Mining, a Sudbury-based prospective metals producer has found a new mineral area close to the surface at the old Inco mining area. This winter, a drill programme was start by a local company to determine how much life remains in the once-productive Crean Hill mine. Which is located in the southeast part of the […]
ShreeMetalPrices: Russia & Ukraine war: G20 unable to reach a solution
G20 finance leaders are expected to adjourn their conference in India on Sat. Without issuing a common statement because they were unable to agree on how to describe the conflict in Ukraine. They added that despite opposition from the Chinese & Russian delegations. The U.S. & its partners in the G7 group have been determine in their demands that […]
ShreeMetalPrices: U.S. announces additional crude oil reserve release that lead oil prices to drop.
After the U.S. government announced it will release additional crude oil out of its Strategic Petroleum Reserve, oil prices dropped on Tuesday. Traders are now keeping an eye on U.S. inflation statistics in expectation of further declines. By 1005 GMT, Brent crude futures had down by 80 cents, with 0.9%, at $85.81 per barrel. Whereas […]
ShreeMetalPrices: HINDALCO INCREASES ALUMINIUM PRICES BY Rs. 7,250/-
Hindalco Aluminium Increases it’s Product Prices By INR 7,250/-MT on 02-February-2023 Hindalco Aluminium Ingot Prices Increases By INR 7,250/-MT today which comes at INR 244,750/-MT. Hindalco Aluminium Alloy Wire Rod Prices Increases By INR 7,250/-MT today which comes at INR 255,850/-MT. Hindalco Aluminium Billet Prices Increases By INR 7,250/-MT today which comes at INR 258,850/-MT […]
ShreeMetalPrices: RBI Governor; Rupee has acted in a disciplined manner.
RBI Governor Shaktikanta Das said on Wednesday that despite the rupee recent downward trend. Which saw it even cross the 83 level against the US dollar, the Indian currency had behaved orderly and that its trajectory shouldn’t really be taken emotionally. During his speech at the FICCI Banking Summit in Mumbai. Das predicted that capital […]
ShreeMetalPrices: United States will Deploy Weapons and Military Vehicles to Ukraine as Part of the Current Aid Package.
The Defense Department announced on Friday. That as part of a new $725 million national defense package aimed at reinforcing the country’s defence against the Russian invasion the United States will send ammunition and military vehicles to Ukraine. Its shipment is the first since this week’s assault of Russian missile attacks on Ukrainian cities with […]