Gold Silver Reports – Rating agencies give contrasting views on Indian firms’ credit quality | Has credit quality of corporate India improved in the first six months of fiscal 2018? The answer may depend on which rating agency you want to believe.
Global Economic
Global Economic – The global economy is the worldwide system of trade, production, and finance that connects countries. It involves the exchange of goods, services, and money across borders, driven by businesses, governments, and consumers. This system shapes jobs, wealth, and growth everywhere.
RBI Seen Keeping Repo Rates on Hold Today, Citing Risks to Inflation
Gold Silver Reports – The Reserve Bank of India (RBI) is unlikely to cut interest rates, ignoring demands for easing monetary policy after economic growth slowed to the weakest pace in at least three years, as risks of inflation exceeding the central bank’s target remain.
What GST Means for the Jewellery Sector
Gold Silver Reports – The GST (goods and services tax) rate on gold jewellery is fixed at 3%. While it is higher than the earlier tax on gold, the GST rate is lower than expectations of a 5% rate and that is a relief.
Bonds Slide as Dollar Climbs on Tax Plan, Economy
Gold Silver Reports – Bonds Slide as Dollar Climbs on Tax Plan, Economy – Global bonds declined as optimism over the health of the U.S. economy and President Donald Trump’s tax-cut plan pushed Treasury yields higher with the dollar. Asian stocks were mixed as investors began to assess the implications of the much-anticipated tax proposal.
U.S. Sees ‘Four or Five’ Ways to Resolve North Korean Crisis
Gold Silver Reports — U.S. Sees ‘Four or Five’ Ways to Resolve North Korean Crisis — The U.S. has gamed out four or five different scenarios for how the crisis with North Korea will be resolved, and “some are uglier than others,” National Security Adviser H.R. McMaster said as tensions remain high between the two countries.
North Korea Warns that “More Gift Packages” on Way to US
Gold Silver Reports — North Korea Warns that “More Gift Packages” on Way to US – “The U.S. will receive more ‘gift packages’ from my country as long as its relies on reckless provocations and futile attempts to put pressure on the DPRK,” he added without elaborating.
India Finance Minister Says Don’t ‘Panic’ Over Slowdown
Gold Silver Reports – Finance Minister Arun Jaitley said India needs to find a balance between fiscal prudence and spending — and there’s no need to panic — as he tries to dig the economy out of its deepest slump in three years.