Greenback trades at Rs275 at opening of the interbank market. Shortly afterward, its value recovered to a decline of Rs11. On Monday, the trading session commenced with the US currency losing value against the rupee by Rs5. In a significant development within the local interbank trade, the US dollar faced a substantial setback against the … Read more
Prices nationally fell 0.6% in June from May, when they dipped 0.1%. Annual growth slowed to 8.7% has been above 20% early this year. Once red-hot markets in Sydney and Melbourne felt the chill from rising interest rates. Australian house prices slipped for a second month in June as once scorching business sectors in Sydney … Read more
The global cryptocurrency market peaked in November 2021 at $2.9 trillion. In the previous two months, it has lost $1 trillion in value. Bitcoin was down more than 10% on Monday to an 18-month low of $23,750. Ether, a smaller coin, plummeted almost 15% to $1,210. According to data portal CoinMarketCap, the value of the … Read more
It could take several weeks, if not longer, for Kohl’s sale negotiations to come together. Talks have been particularly long because of the difficulty in securing financing. A likely per-share deal price at this point would be in the mid-$50s, a source says. “Anyone who purchases the business will require time,” said the individual, who … Read more
RIYADH: Saudi Arabia’s e-commerce market value increased 60 per cent between 2019 and 2020, and is now forecast to exceed SR50 billion ($13 billion) by 2025, Arab News quoted a new analysis. Boston Consulting Group’s report, prepared jointly with Meta, explains e-commerce’s large growth relative to the traditional retail sector. E-commerce sales in Saudi Arabia have been … Read more
