Copper prices are due to rebound next year as healthy supply/demand fundamentals overcome macro-economic worries, but zinc will be held back by rising output, a Reuters poll showed.
China Tells State-Owned Giants to Halt Iran Oil Buying
China’s government has told at least two of its state oil companies to avoid purchasing Iranian oil as the U.S. prepares to impose sanctions on the Persian Gulf state, according to people with knowledge of the matter.
Breaking News – Change in Bank Nifty F&O Lot Size
Gold Silver Reports (GSR) – Effective from today, Bank Nifty lot size has been changed from 40 to 20. If you have an existing position with one lot of 40, your position will now be for 2 lots of 20 units.
PNB Fraud: Nirav Modi’s Assets, Valuables worth Rs 255 cr Seized by Enforcement Directorate in Hong Kong
The Enforcement Directorate has attached absconding jeweller Nirav Modi’s assets and valuable worth Rs 255 crore in Hong Kong in connection with $2 billiion alleged fraud in Punjab National Bank.
Ruias make stunning Rs 54,000 crore bid to retain Essar Steel
Gold Silver Reports (GSR) – The Ruias on Thursday mounted a stunning last-ditch effort to retain the flagship Essar Steel within the family. Led by brothers Shashi and Ravi, they offered Rs 54,389 crore to lenders for settling all claims and allowing the company to exit the bankruptcy process. Indications are that they might be willing to go up to Rs 60,000 crore.
ECB’s Draghi Speaks After Central Bank Leaves Rates Unchanged
European Central Bank President Mario Draghi is speaking at a press conference Thursday following the institution’s decision to leave its benchmark interest rate unchanged.