Gold Silver Reports (GSR) – Saudi Arabia Emerging-Market Tag Comes With Sobering History — The Saudi stock benchmark advanced to the highest since 2015 last week before FTSE Russell said it’s classifying the country as a secondary emerging market, with actual inclusion set to happen in stages starting a year from now. MSCI Inc., which has more investors tracking its emerging-market indexes, may make a similar decision in June.
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Russia Detains Tycoon Magomedov Over Suspected Fraud
Gold Silver Reports (GSR) – Russia Detains Tycoon Magomedov Over Suspected Fraud — “All of the allegations against me don’t stand up to logical criticism,” Interfax reported Ziyavudin Magomedov as saying in court. He’ll appeal his arrest, his lawyer, Alexander Vershinin, was cited as saying.
Kim Jong Un Is Willing to Hold Summit With U.S.
Gold Silver Reports – Kim Jong Un Is Willing to Hold Summit With U.S. — China confirmed Wednesday that Kim Jong Un met with President Xi Jinping on a surprise visit to Beijing, and said the North Korean leader would be willing to give up his nuclear weapons and hold a summit with the U.S.
Prepare For A ‘Political Storm’ Ahead Of 2019 Polls, Nomura Says
Prepare For A ‘Political Storm’ Ahead Of 2019 Polls, Nomura Says
The Indian market is yet to price in what could be a ‘political storm’ in the run-up to the general elections next year as the opposition seeks to regain lost ground.
Fed Raises Rates, Steepens Path of Hikes as Outlook Strengthens
Gold Silver Reports (GSR) – Fed Raises Rates, Steepens Path of Hikes as Outlook Strengthens — Federal Reserve officials, meeting for the first time under Chairman Jerome Powell, raised the benchmark lending rate a quarter-point and forecast a steeper path of hikes in 2019 and 2020, citing an improving economic outlook. Policy makers continued to project a total of three increases this year.
Federal Reserve Raises Interest Rates at First Meeting with Powell at Helm
Gold Silver Reports (GSR) – The Federal Reserve raised interest rates by a quarter point on Wednesday, its first rate hike this year, in a decision that was widely anticipated by markets.
Modi Under Fire as Alleged $2 Billion Fraud Hits Anti-Graft Image
Gold Silver Reports (GSR) — Shortly after a $2 billion bank fraud was uncovered last month at India’s state-owned Punjab National Bank, a picture emerged of Prime Minister Narendra Modi with the alleged fraudster.