{
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virgin atlantic reports strong demand for premium travel this winter
Virgin Atlantic Airways is experiencing strong demand for its business and premium economy seats this winter, reflecting a trend towards luxury travel. While economy class demand is slightly weaker, it aligns with expectations, and fares remain stable. The airline has a limited number of Boeing 787s grounded due to engine issues, but this is not anticipated to affect fares.
bloomberg.com
British Pound Sterling The Boeing Company Rolls-Royce Holdings plc Virgin Atlantic Airways Ltd. GBR Shai Weiss Show more
Finance & Economy, Market Report
13:00 25.11.2024
indonesia deems apples 100 million investment offer as unfair
Indonesia has deemed Apple Inc.'s $100 million investment proposal as unfair, with a top government official indicating that further negotiations are necessary before the ban on domestic iPhone 16 sales can be lifted. The offered amount is considered insufficient compared to Apple's investments in other countries, according to Industry Minister Agus Gumiwang Kartasasmita.
bloomberg.com
Indonesian Rupiah Apple Inc. USA IDN Agus Gumiwang Kartasasmita
Finance & Economy, News Article
11:54 25.11.2024
Sri Lanka central bank set to cut interest rates to stimulate growth
Sri Lanka's central bank is poised to lower interest rates by a quarter percentage point on Wednesday. This move aims to stimulate economic growth as the country continues its recovery from an ongoing financial crisis.
reuters.com
Sri Lankan Rupee Sri Lanka's central bank LKA
Finance & Economy, News Article
11:50 25.11.2024
bank of america forecasts 5 percent decline in emerging market currencies
Bank of America strategists predict a 5% decline in emerging-market currencies in the first half of 2025, driven by underestimated trade war risks under a Trump presidency. They foresee the Chinese yuan falling to 7.6 per dollar if 40% tariffs are imposed on Chinese goods, and to 8 per dollar with a 60% levy, compared to the current rate of around 7.24.
bloomberg.com
Chinese Yuan Bank of America Corporation CHN David Hauner
Finance & Economy, Market Report
11:41 25.11.2024
rupee achieves strongest gain in five months amid dollar weakness and inflows
The Indian rupee experienced its strongest single-day gain since June, closing at 84.2875 against the US dollar, up 0.2%. This surge was driven by dollar inflows from MSCI's global equity index rebalancing, alongside a weaker dollar and declining US bond yields. The dollar index fell 0.5% to 106.8, while the 10-year Treasury yield dropped 7 basis points to 4.34%.
Moneycontrol
United States Dollar Indian Rupee MSCI Inc. IND Scott Bessent Donald Trump
Finance & Economy, Market Report
11:11 25.11.2024
Group of Ministers to Present GST Recommendations on Life and Health Insurance
Parliament was informed that the Group of Ministers (GoM) examining GST on life and health insurance will present its recommendations to the GST Council once received. The issue of exempting or reducing GST was discussed at the Council's 54th meeting on September 9, 2024, leading to the GoM's formation under Bihar's Deputy Chief Minister Samrat Chaudhary. The first GoM meeting took place on October 19, 2024, focusing on GST rates, which currently stand at 18% for health and pure term life insurance services.
website
United States Dollar Indian Rupee IMF Reserve Bank of India CHE IND CHN JPN Pankaj Chaudhary Samrat Choudhary Show more
Finance & Economy, News Article
10:55 25.11.2024
Zimbabwe to compensate former farmers with 331 million dollar settlement
Zimbabwe plans to pay $331 million to 439 former white farmers whose land was seized in 2000, as part of efforts to restructure its significant debt. This move aims to facilitate negotiations with creditors, allowing the nation to access international capital markets after being locked out for over two decades.
Bloomberg.com
African Development Bank ZWE Akinwumi Adesina
Finance & Economy, News Article
10:51 25.11.2024
IndiGo and Japan Airlines launch codeshare partnership for expanded travel options
IndiGo and Japan Airlines have launched a codeshare partnership effective December 16, with ticket reservations starting December 4. This collaboration, initiated in June, allows Japan Airlines to enhance its connectivity to India while providing IndiGo passengers with expanded travel options across JAL's domestic and international network.
Moneycontrol
Japan Airlines Co., Ltd. IndiGo IND
Finance & Economy, Press Release
10:25 25.11.2024
european gas prices fluctuate as colder weather approaches
European natural gas prices experienced fluctuations as traders reacted to forecasts predicting a return of colder weather, which could challenge regional inventories. After a 2.7% decline from a recent rally, benchmark futures are still up approximately 16% since early November, with temperatures expected to drop in the coming days.
bloomberg.com
Euro European Gas Prices
Finance & Economy, Market Report
09:24 25.11.2024
treamlining cross-border payments for indian businesses and global aspirations
India's digital payments ecosystem is set to soar from $300 billion in 2018 to $3.6 trillion by 2024, aiming for $2 trillion in exports by 2030. As the largest recipient of inward remittances, the demand for efficient cross-border payment solutions is rising, driven by a growing diaspora and international business expansion. However, complexities in compliance, high transaction fees, and delayed settlements pose challenges for exporters and individuals alike.
Moneycontrol
United States Dollar Indian Rupee Chinese Yuan Cashfree IND
Finance & Economy, Market Report
07:57 25.11.2024
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