ShreeMetalPrices: Russia is poised to support yuan payments in international trade – Vladimir Putin
Vladimir Putin, speaking alongside his Chinese counterparts Xi Jinping, stated that Russia is prepared to boost the use of the yuan in its international trade. In agreements between Russia and nations in Latin America, Asia, & Africa, we support the use of the Chinese yuan. These yuan payment formats will undoubtedly be establish between Russian […]
ShreeMetalPrices: Rio Tinto to resume construction work at Simandou iron ore project after one year
The Guinean government, Rio Tinto, and other partners has commenced infrastructure construction to reopen their Simandou iron ore mine. The mine, which is situated in south-east Guinea, is thought to contain more than 4 billion tonnes of ore. Making it the greatest know reserve of its sort in the entire globe. The 15 billion dollar […]
ShreeMetalPrices: Goldman Sachs & Trafigura predicts copper price to reach an all-time high
The co-head for metals & minerals at world’s largest copper reseller stated on Monday that due to exceptionally tight inventories, the copper price may reach an all-time high in the coming 12 months, even exceeding $12,000 per tonne. “Given the market deficit, I would single out copper as the most important metal on a worldwide […]
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: Gold Prices Today hits record High as banking industry concerns & Fed meeting this week
Gold prices hits all time highest levels on Monday, because when markets assessed the effect of the Fed and other major central banks’ emergency liquidity measures amid growing fears of a banking collapse. In order to stop any possible contagion from the failure of multiple lenders during the previous 2 weeks. The European Central Bank […]
ShreeMetalPrices: United States President Joe Biden invites PM Modi for a state dinner in June, 2023
United states President Joseph Biden intends to host PM Narendra Modi for a state dinner in the middle of 2023. As the administration promotes initiatives and plans for an open & free Indo-Pacific to offset what it perceives as a growing threat presented by China, the formal state visit is a demonstration of the developing […]
ShreeMetalPrices: Pakistan’s central bank’s foreign exchange reserves have increased by $18 million.
The State Bank of Pakistan reported a rise of 18 million dollar in its foreign exchange reserves (FER).The State Bank of Pakistan said on Thursday that its overall foreign exchange reserves increased to almost 4.3 billion dollar during the week ended Mar 10.According to the State Bank of Pakistan, commercial banks have net foreign reserves at 5.5 billion dollar. The […]
ShreeMetalPrices: European Central Bank raises interest rates despite two banks collapsed in a week
The European Central Bank (ECB) raised interest rates by 50 bps on Thursday. Less than twelve hours after Credit Suisse was given a 50 billion Swiss franc (53.94 billion dollar) lifeline.Notwithstanding recent market turbulence, the central bank continued with a 50 bps increase. Gold rose along with borrowing prices for European govt bonds, even as […]
ShreeMetalPrices: China’s economic shows disappointing start to 2023
China reported on Wednesday that retail sales growth in the initial two months of this year only met forecasts, and that real estate investment decreased even more.During the months of Jan and Feb, industrial production has increased by 2.4% rather than the 2.6% predicted by analysts. The report show “stable rather than increasing momentum. Which […]