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Russia has begun selling physical gold from its central bank reserves for the first time in 25 years, as the government seeks to plug a widening budget deficit driven by sustained military expenditure, according to a report by Berlin-based news outlet bne IntelliNews.Regulatory data show that between 2022 and 2025, Russia sold gold and foreign…
In a bid to cool rising oil prices amid the ongoing Middle East crisis the Trump administration has begun releasing crude from the Strategic Petroleum Reserve (SPR), lending 45.2 million barrels to energy companies in its first round. The volume released so far represents just over half of the 86 million barrels the administration had…
Jerome Powell (AP file photo) US Federal Reserve policy: Jerome Powell-led Federal Open Market Committee (FOMC) on Wednesday kept interest rates unchanged within the 3.50%-3.75% band. “In support of its goals, the Committee decided to maintain the target range for the federal funds rate at 3‑1/2 to 3‑3/4 percent. In considering the extent and timing…
Prices of precious metals witnessed a recovery of up to 2% on Tuesday, with silver climbing by Rs 6,000 to reach Rs 2.62 lakh per kilogram, while gold advanced to Rs 1.61 lakh per 10 grams in the national capital, as per data from the All India Sarafa Association. Silver, the white metal, rose by…
The United States is set to release 172 million barrels of oil from strategic reserve, the energy department said on Thursday. This came after US President Donald Trump said that he would tap into strategic reserves to reduce prices amid Iran war.“Right now we’ll reduce it a little bit and that brings the prices down,”…
Oil prices fell to around $88 per barrel after a report said that the International Energy Agency (IEA) is considering a record release of emergency oil reserves to stabilise global markets amid the escalating conflict in the Middle East, according to Bloomberg.According to a report by the Wall Street Journal, the proposed release could exceed…
Amid soaring crude oil prices worldwide due to the ongoing US-Israel war with Iran, the International Energy Agency (IEA) has proposed the largest disbursement of oil reserves to help bring down prices.The release could exceed the 182 million barrels of oil that IEA member countries put on the market in two separate releases in 2022,…
Iran has stored some of its most highly enriched uranium in an underground tunnel complex at its key Isfahan nuclear facility, the International Atomic Energy Agency disclosed in a confidential report, according to Reuters. The disclosure marks the first time the UN nuclear watchdog has publicly pinpointed the location of Iran’s near-bomb-grade stockpile.The tunnel complex’s…
The usage of mobile phones was banned in Ranthanbore National Park recently, following Supreme Court directions. In a similar move, it is being said that phones have been banned in Sariska Tiger Reserve too, which is another prominent home of tigers in Rajasthan. This information has been quoted by several media websites; however, the Times…
The New York Rangers are going to play without Matt Rempe on February 26 against the Philadelphia Flyers (Image via AP Photo/Adrian Kraus) The New York Rangers will play without their forward player, Matt Rempe, after coming back from the Olympic break, as the club has placed him on injured reserve. As per reports, the…
