BackMint Evening Digest: Qatar summons India envoy, Saudi raises oil prices, crypto frauds cost investors $1 bln & more
Read top business news, equity market precursors, and economic and banking news updates from India and across the world for 5 June, 2022
PremiumSaudi raises oil prices more than expected
Saudi Arabia raised oil prices for its biggest market of Asia by more than expected as the region’s main economies ease coronavirus restrictions, helping boost demand. (Read here)
Qatar summons Indian envoy
The Qatar foreign ministry on Sunday summoned Indian ambassador Deepak Mittal and handed him an official note, expressing disappointment and total rejection and condemnation of controversial remarks made against Prophet Mohammed by BJP officials Nupur Sharma and Naveen Jindal. (Read here)
Investors lost $1 bln in crypto to frauds since 2021
The scamming saga in the cryptocurrency market seems to find no proper escape or a solution, at least as of now. While the extreme sensitivity of cryptos itself wasn't enough to keep investors on the edge, the fear of coming across fraudsters and losing hard-earned money has been a problem. A new analysis shows that investors lost more than $1 billion in cryptocurrencies to frauds from January 2021 to March 2022. (Read here)
Gujarat Heavy Chemicals Ltd (GHCL) to pay special dividend
Gujarat Heavy Chemicals Ltd (GHCL) is a small Cap firm with a market capitalization of ₹6,121 crore. The company will pay a total dividend of ₹15 per share to its shareholders, which will comprise a regular dividend of ₹10 and a special dividend of ₹5, totalling a 150 per cent payout. (Read here)
Mint Morning Digest
RBI MPC meeting to US inflation data: Top 5 triggers for stock markets this week
Stock market this week is expected to remain fully loaded with economic activities across globe. RBI Monetary Policy Committee (MPC) Meeting, European Central Bank's meeting, US inflation data, etc. are going to dictate stock market movement this week. Read more
Top 5 triggers for gold price this week
Those who want to invest in gold or having position in gold are advised to remain vigilant about up-coming gold price triggers like European first GDP data, ECB meeting, US inflation data, etc. are some of the key triggers that may dictate gold price in near term. Read more
Mercedes recalls one million older cars on fear of faulty brakes
German carmaker Mercedes-Benz is recalling nearly one million older vehicles worldwide due to a potential problem with the braking system, the federal transport authority (KBA) said. Read more
Biden evacuated after plane breaches airspace
US President Joe Biden and first lady Jill Biden were temporarily moved from their beach house in Delaware after a small private plane entered restricted airspace. Read more
US woman finds $36k cash stuffed in free sofa
A California woman found $36,000 stuffed in the cushions of a free couch she snagged on Craigslist -- and gave the money right back. Vicky Umodu needed to furnish her new home cheaply and could not believe her luck when she found a sofa set being given away. Read more
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