Australia

Emerging market currencies hit two-month lows

Emerging market currencies hit two-month lows

A gauge of emerging market currencies fell to the lowest level in more than two months as rising Geopolitical tensions added to a rise in risk aversion amid a change in the outlook for US rates this week. Msci's currency indicator for developing economies fell 0.2% in a third day of declines as investors sought ...

An attacker killed six people with a knife in an Australian shopping center

An attacker killed six people with a knife in an Australian shopping center

An attacker who fatally stabbed six people in a shopping center was shot dead by police on Saturday in Bondi, a coastal suburb of Sydney, as hundreds of people fled the scene. The attacker was killed by a police officer after attacking shoppers at the busy Westfield Bondi Junction shopping centerthe police reported in a ...

The US imposes sanctions on Hamas spokesperson and those responsible for the drone program

The US imposes sanctions on Hamas spokesperson and those responsible for the drone program

The United States on Friday issued sanctions targeting a Hamas spokesman and leaders of its drone unitreported the Treasury Department, which added that the European Union is simultaneously imposing sanctions aimed at the Islamist group. US sanctions target Hudhayfa Samir 'Abdallah al-Kahlut (al-Kahlut)also known as “Abu Ubaida”, spokesperson for the Izz al-Din al-Qassam Brigades (al-Qassam ...

Russian metal faces sanctions, while the United States blocks deliveries to LME

Russian metal faces sanctions, while the United States blocks deliveries to LME

The United States and the United Kingdom imposed new restrictions on trade in Russian aluminum, copper and nickel that will impact on global metals markets, in the latest attempt to curb President Vladimir Putin's ability to finance his war machine. The rules prohibit the delivery of new supplies from Russia to the London Metal Exchange ...

India could dedicate more sugar for ethanol and support mills in their exports

India could dedicate more sugar for ethanol and support mills in their exports

India could allow sugar mills to use more sweetener to produce ethanolin a move that will likely reduce the chances of easing export restrictions in the near term, according to a person familiar with the matter. The government is considering a proposal to allow factories to use an additional 800,000 tonnes of sugar for biofuels ...

Russia's income increased in the first quarter due to the rise in oil

Russia's income increased in the first quarter due to the rise in oil

Russia saw strong revenue growth in the first quarter due in part to one-time tax payments and rising oil pricesas the country continues to weather sanctions for its war in Ukraine. Russia observed a “sustained positive dynamic” in the flow of money to the federal budget, according to a statement from the Ministry of Finance ...