Shares of Adani group companies tanked up to 4% in trade on reports form OCCRP, an investigative reporting platform that suggested hundreds of millions of dollars were invested in publicly traded group stocks through Mauritius-based ‘opaque’ investment funds managed by partners of promoter family of billionaire Gautam Adani. However, the already embattled Adani group denied […]
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Gold stays near 1-month lows as US dollar, yields hold groundGold stays near 1-month lows as US dollar, yields hold ground
By Jigar Trivedi Comex gold is seen below the $1,920 an ounce mark, near one-month lows on Friday and tracking lower Treasury prices as markets remained skeptical over the Fed’s course of action following the latest economic releases. Fed officials signaled that there is still more work to do to bring inflation down, stoking fears […]