Author: Lucas

Given the ongoing geopolitical tensions, inflationary concerns, and a weak global economic outlook, gold remains a preferred safe-haven asset. (AI image) Gold and silver price prediction today: Both gold and silver prices are exhibiting strong bullish momentum and investors should look to buy on dips, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group. He shares his views on gold and silver:MCX Gold Outlook:MCX Gold prices are currently trading around the ₹1,27,000 mark, reflecting strong bullish momentum. On the international front, COMEX gold is comfortably holding above the $4,000 level, further reinforcing the positive trend. This price…

Ukrainian forces struck the Saratov oil refinery on the night of October 15-16. The General Staff of the Ukrainian Armed Forces said this in a Facebook post seen by Ukrinform. The Saratov refinery is one of Russia’s oldest oil-processing facilities. As of 2023, it processed 4.8 million tonnes of crude oil annually. The plant is involved in supplying fuel for the Russian armed forces. Read also: Drone attacks Russian oil refinery more than 1,000 kilometers from Ukraine The General Staff stressed that Ukrainian forces are systematically carrying out a series of operations targeting critical components of Russia’s military-industrial base to…

A CAR and van insurance firm with over 16,000 customers has collapsed into administration, leaving thousands of drivers without cover. Customers of Premier Insurance Company Limited (Premier Insurance) have been told to consider alternative motor insurance as soon as possible to avoid future claims not being covered. Sign up for the Money newsletter Thank you! Customers have been told to consider alternative motor insuranceCredit: Getty The firm was placed into administration on October 14 following an application to the Supreme Court of Gibraltar. Freddie White and Bradley Chadwick of Grant Thornton have been appointed as joint administrators. The Gibraltar based-insurer,…

The ANC’s financial woes continue to haunt them, with ActionSA and the DA now calling for the Electoral Commission of South Africa (IEC) to investigate the party following its protracted legal battle with Ezulweni Investments. The DA has also called on the ANC to immediately disclose its benefits, alleging the party is attempting to hide funding. The financially crippled ANC has been facing liquidation after it allegedly failed to pay its debt to KwaZulu-Natal printing and marketing company Ezulweni Investments for supplying election campaign material in 2019. In 2023, Ezulweni Investments applied to seize assets worth more than R102m from…

The data are becoming impossible to ignore: American manufacturers desperately need relief from the very same tariffs that the Trump administration incoherently believes are helping American manufacturers. That conclusion is evident from both results of a new survey of manufacturing companies’ CEOs and new economic data showing that manufacturing activity has declined for six consecutive months—the sort of slide over two economic quarters that typically meets the definition of a sector-wide recession. In short, both words and actions point to something being very wrong with American manufacturing since February, which just so happens to be when Trump announced the first…

Jennifer Lopez on Kiss of the Spider Woman transformationJennifer Lopez is opening up about her complete transformation for her latest film Kiss of the Spider Woman.During her Oct. 15 appearance on The Howard Stern Show, the 56-year-old actress reflected on how stepping into her new role changed not just her look, but also the way she carried herself.  Stern complimented Lopez on both her performance and her striking platinum blonde hairstyle in the movie, telling her, “I like you as a platinum blonde. I know you were thinking I don’t want to be [blonde] in the movie.”Lopez admitted she was hesitant…

Every week, the Money blog team answers a reader’s financial dilemma or consumer problem – email yours to moneyblog@sky.uk. Today’s is…My wheelchair was damaged when travelling on a long-haul flight that used both Aer Lingus and Singapore Air. The wheels were damaged on the way out, with the frame badly damaged on the way back. Both airlines are ignoring me, and I don’t have a chair I can use in the meantime.Monique I found Monique online when I saw her tweeting both airlines, asking them to take accountability for the damage that had been caused on her flights between Dublin…

[BEIJING] Chinese households ramped up their cash holdings last month in a sign that they have begun shying away from local stocks just as the market is challenged by renewed trade tensions.Household savings rose by 2.96 trillion yuan (S$538.3 billion) in September, the most since March, according to data released by the People’s Bank of China late on Wednesday (Oct 15). The pace of increase was higher than that in the same month last year.The renewed build-up of savings may deprive the stock market of a key source of support, after low deposit rates and meager government bond yields spurred…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Rachel Reeves will launch an initiative next week with 20 of the UK’s largest pension funds to encourage easier investment in Britain in a move to replicate Canada’s so-called ‘Maple 8’ model.The Sterling 20 initiative will try to make it more seamless for pension funds to back British infrastructure and growth projects, and stems from the chancellor’s desire to mimic Canada’s powerful pension investment model. The organisations joining forces in Sterling 20 include the Universities Superannuation Scheme, Legal & General, People’s Pension,…

According to Reuters, India is preparing to reduce oil imports from Russia. Several major refineries in India are adjusting operations to adapt to changing global energy dynamics. This step will … Source link