Market

Dollar Slides as Bank Fears Ease

The US dollar slid for a second day against major peers on Tuesday as receding fears of a full-blown banking crisis sapped demand for the safest assets.The US dollar index – which gauges the currency against six peers, including the yen – declined 0.1…

Japan Parliament Enacts Record $870 Billion Budget for FY 2023

Japan’s parliament on Tuesday enacted a record 114.38 trillion yen ($870 billion) budget for the new fiscal year from April to beef up defense capabilities in the face of security threats and to support the economy, which has been struggling with infla…

Gold Prices Rise 0.2% amid Risk Appetite Improvement

Gold edged up on Tuesday as the dollar slipped, although an improvement in risk appetite after efforts by regulators to allay fears over the global banking system.Spot gold was up 0.2% at $1,959.63 per ounce. US gold futures rose 0.3% to $1,960.30.The …

Germany, Kenya Discuss Cooperation in Renewable Energy Field

German Chancellor Olaf Scholz stressed the need to integrate Kenyan companies into fair and sustainable supply chains, pointing out that this would be an important step towards establishing an African free trade area in the future.This came during a j…