Financial news center

Why Are Central Banks Moving Their Gold Reserves

On 2 September, De Nederlandsche Bank announced that it had transferred approximately 86t of gold from New York and Ottawa to London. Read more here.

BRICS 2026: India cracks the code in a divided room with 4 AM talks & diplomatic heavy lifting

Prime Minister Narendra Modi helped broker a unanimous BRICS statement on the Middle East conflict despite sharp differences among members including Iran, Saudi Arabia and the UAE. After negotiations lasting into the early morning, the bloc called for maximum restraint and expressed concern over attacks on civilian and nuclear infrastructure.

US oil rigs rise for second straight week

US oil rigs rise for second straight week

East-West Pipeline shut down after attacks

Saudi Arabia’s Ministry of Energy said the East-West Pipeline in the Riyadh and Madinah regions came under multiple attacks on Thursday morning.

OPEC oil output falls 640,000 bpd in August: Report

The total output from the Organization of the Petroleum Exporting Countries (OPEC) fell significantly in August 2026 amid escalating geopolitical chal

233% return on SGB premature redemption date today: Gold bond turns Rs 1 lakh investment into nearly Rs 3.33 lakh

The Reserve Bank of India has announced the premature redemption price for the gold bond series. Starting from September 9, 2026, investors can redeem their SGB 2020-21 Series XII at a fixed price of Rs 15,355 per unit. This ensures a notable profit for bondholders, as Sovereign Gold Bonds serve as an alternative to physically holding gold.

Canada's retaliatory tariffs worth $27.6 billion take effect as trade rift with U.S. deepens

Duties on U.S. steel and aluminum products have doubled to 50% as a war of words between Washington and Ottawa continues.

Short-term dollar pressures should not distract India from the need to diversify its forex holdings

Even the central banks of US allies are diversifying away from the dollar. Notably, US debt is no longer risk free. In an extreme global crisis, a diversified reserve base would serve India well. And risk mitigation isn’t de-dollarization.

Global Market: Japan stocks see sector rotation as tech shares tumble

Japans Nikkei slipped 0.2% on Tuesday as investors rotated out of heavyweight technology and AI-linked stocks amid rising government bond yields and elevated oil prices. The broader Topix gained 0.5%, with auto and utility stocks supporting the market, highlighting a shift in sector leadership.

Iran war could keep inflation high, ECB policymaker Rehn warns, FT reports

European Central Bank must prepare for a prolonged Middle East conflict. This situation could maintain elevated inflation within the Eurozone economy. Policymaker Olli Rehn stressed the need for vigilance against these pressures. Energy prices have risen due to regional tensions and shipping concerns. The bank must remain attentive to these developing inflationary trends.

Markets bleed for seventh straight session; banks, metals drag as crude weighs on sentiment

Sensex and Nifty extended losses for a seventh session as elevated crude prices, a weaker rupee and rising global bond yields pressured equities.

Senco Gold Q1 FY27 Results: Can Strong Revenue Growth Offset Margin Pressure?