NRIs: Are you filing income tax returns of 2023 in India? Know this!
NRIs need to pay tax on income that arises in India for the financial year of 2023, which runs from April 1, 2022, to March 31, 2023.
Gold
June kicks off with PMI data
– Markets remain subdued on the first trading day of June
– S&P Global will release revisions to May Manufacturing PMI data for Germany, Eurozone, UK, and US
– US Bureau of Economic Analysis reported inflation rose 2.7% on a yearly basis in April
– US Dollar struggled to preserve its strength following PCE inflation data
– EURUSD edged higher and closed the week virtually unchanged
– GBPUSD failed to make a decisive move in the previous week
– Bank of Japan has no plans to immediately unload its ETF holdings
– China’s Caixin Manufacturing PMI edged higher to 51.7 in May
– AUDUSD pair showed no reaction to China’s PMI data
– Gold continues to move sideways above ,320
How to invest in precious metals ?
Investing in precious metals like gold, silver, and platinum can be a smart way to protect your money.
Trading app Robinhood unveils maiden stock buyback plan of $1 bln
Robinhood Markets has launched a billion share buyback plan to grow beyond its startup phase.
Eurozone, US inflation data to ramp up market volatility
Key data releases include the Harmonised Index of Consumer Prices (HICP) from Eurostat, the Personal Consumption Expenditures (PCE) Price Index from the US Bureau of Economic Analysis, and first-quarter Gross Domestic Product (GDP) data from Canada.
Le Sundeck Robuchon opens for Summer 2024
Fact: The Grand Opening Party of Le Sundeck Robuchon at Ayia Napa Marina took place on May 24, featuring distinguished guests, unique cocktails, exquisite culinary creations, and a live performance by Cypriot singer Hovig.
Hellenic Bank Q1 profits up, landmark deals in 2024
Hellenic Bank announced first quarter profits of €93.3 million, up 34% year on year, but 25% below the previous quarter. Net interest income rose to €151 million, up 40% year on year. The bank has reached agreements for the renewal of a labor collective agreement and to strengthen its insurance operations. New lending in the first quarter reached €208 million, with a focus on retail customers. The bank has a liquidity coverage ratio of 580%.
Hundreds feared dead after landslide in Papua New Guinea [VIDEO]
![Hundreds feared dead after landslide in Papua New Guinea [VIDEO]](https://ch.jfdi.cc/wp-content/uploads/2024/05/hundreds-feared-dead-after-landslide-in-papua-new-guinea-video.jpg)
A massive landslide in northern Papua New Guinea buried more than 50 homes in Kaokalam village, resulting in nearly 300 deaths, including the brother and cousin of a villager named Ninga Role. The Australian Broadcasting Corp and local media reported over 100 casualties. Prime Minister James Marape stated that disaster officials and the PNG Defence Force were being sent to assist with relief efforts and reconstruction. The landslide hit a section of highway near the Porgera gold mine, operated by Barrick Gold, but the impact on the mine’s operations was still being assessed.
WTI retreats to $77 as Fed dents demand outlook
The WTI crude oil price has been on a losing streak for the fifth trading session due to a hawkish outlook on interest rates by Federal Reserve policymakers. Fed officials are uncertain about the disinflation process and are considering further tightening of monetary policy. The next trigger for oil prices will be the OPEC meeting scheduled for June 1 to discuss supply policy.
Dollar consolidates weekly gains ahead of mid-tier data
The US Dollar strengthened due to upbeat PMI data, with the USD Index closing in positive territory for the fourth consecutive day. The S&P Global Composite PMI showed business activity expanding at an accelerating pace in May. Japan’s National Consumer Price Index rose 2.5% in April. The Reserve Bank of New Zealand stated that lowering interest rates was not being discussed in the near term. UK Retail Sales declined 2.3% in April. Gold fell more than 2% on Thursday.