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Eight Arab and Muslim nations welcomed US President Donald Trump's proposals. The plan aims to end the Gaza conflict and prevent Palestinian displacement. It includes unrestricted aid, hostage release, and Israeli withdrawal from Gaza. The nations stressed a two-state framework for regional stability. The White House released the peace plan after a meeting with the Israeli Prime Minister.
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News and Media
Gold prices reached a record high. A potential US government shutdown created uncertainty for Federal Reserve policy. This situation increased investor demand for safe assets. Gold gained this year. Central bank purchases and expected interest rate cuts support the rise. Gold producers also changed leaders. The market expects the rally to continue.
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News and Media
Global markets reacted to US government shutdown fears. Gold reached a new record high. The dollar saw losses. US equity futures dipped while Asian shares remained flat. Treasuries gained. Investors worried about delayed economic data, including the jobs report. China announced capital to boost growth. Australia's central bank held rates steady. Oil prices declined.
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News and Media
SBI's credit card business experienced a significant post-Covid surge, driven by its youth-focused expansion. HDFC Bank maintained its dominant position in both card issuance and transaction value. Conversely, Standard Chartered Bank faced a sharp decline in both the volume and value of its credit card operations.
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News and Media
President Trump announced Israeli Prime Minister Netanyahu's support for a U.S. peace plan to end the Gaza war. The proposal includes a ceasefire, hostage exchange, and Hamas disarmament, but its success hinges on Hamas's acceptance. Netanyahu backed the plan, stating it achieves Israel's war aims, despite lingering disagreements on Palestinian statehood.
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News and Media
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