Expect Gold to trade positive: Sushil Finance

Gold prices touched an over two – week low on Monday before paring  losses as chart signals helped offset pressure from a stronger dollar and  an early advance in equities. Gold prices were also under pressure from expectations that Japan’s  ultra – loose monetary policy would stay in place after Prime Minister  Shinzo Abe’s election victory at the weekend lifted the dollar to a three – month high versus the yen. Bullion is highly sensitive to rising U.S. interest rates, which lift the opportunity cost of holding non – yielding…

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Maersk ventures into trade finance

To make overseas exports easier for Indian companies, especially SMEs, Denmark-based AP Moller – Maersk, one of the largest container shipping companies globally, has set up a new business vertical, Maersk Trade Finance. In a nutshell, Maersk Trade Finance is a digital platform with pre-shipment and post shipment credit facilities. It enables exporters – manufacturers or traders – to not only get the cargo shipping services online but also apply for funds that can be used either to pay for the shipment or to invest in new orders. Pilot countries…

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Sugar mills shut early as drought hits cane crop – trade body

More than two dozen mills in India’s top sugar producing Maharashtra state have stopped crushing due to cane shortage while many more mills are likely to shut before February end, a producers’ body said on Tuesday. Sugar mills in Maharashtra typically operate between November to April, but this year cane supplies have fallen due to back-to-back droughts. Out of 147 sugar mills that started operations this year, 25 mills have stopped crushing as on Dec. 31, Indian Sugar Mills Association said in a statement. The country produced 8.09 million tonnes…

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Barcelona’s slave trade history revealed on new walking tour

A tour of the Ramblas and Gothic Quarter highlights a dark part of Barcelona’s past, including how many of its famous sights were built with fortunes made from slavery Square one … Barcelona’s slave trade history walking tour starts near Plaça de Catalunya. Photograph: Alamy Modernisme, Catalonia’s stunning take on art nouveau, is as important to the Barcelona brand as Barça striker Lionel Messi. The work of Antoni Gaudí in particular defines much of the city centre but few locals, let alone the tourists queueing to get into world-famous sights…

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Nepal PM urges Indian trade & industry to explore investment opportunities

Addressing business and industry leaders in Mumbai at an event organised by All India Association of Industries (AIAI), the visiting Prime Minister of Nepal, KP Sharma Oli asked Indian businesses to exploit the conducive investment atmosphere present in areas like tourism, hydropower, IT, etc. While businessmen from various countries are coming forward to come invest in Nepal, the Nepal PM said that the country is keen to have more Indian investments considering closeness of two countries and mutual progress. Exploiting the large presence of people from Bollywood including the likes…

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