Economy – Page 15 – Golden Financier

Economy

Intel accelerates CHIPS act funding, receives $5.7B ahead of schedule

Intel has secured $5.7 billion in accelerated CHIPS Act funding from the US government.This is a significant step intended to fast-track the company’s expansion of domestic semiconductor manufacturing amid intense…

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Economy

US tariff: Why your online orders from overseas might cost more now

A decades-old pillar of global e-commerce has crumbled, as the US tariff exemption for small-value packages officially ended on Friday. The move to eliminate the $800 “de minimis” loophole is…

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Economy

India’s June quarter GDP growth at 6.7% amid US tariffs risk

India’s economy expanded at a steady pace in the June quarter, supported by an early monsoon and accelerated exports to the US before new tariffs took effect. According to Bloomberg,…

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Economy

Platinum miners face profit squeeze amid low prices and rising costs

Northam Platinum CEO Paul Dunne stated on Friday that despite a recent rally, platinum prices remain too low to support new production, even though the increase has provided some relief…

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Economy

India’s gold demand rises ahead of festive season even as prices rebound

In India, the demand for physical gold experienced a slight increase this week, even as prices rebounded. This uptick in demand was primarily driven by jewellers replenishing their inventories in anticipation…

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Economy

India’s tariff shock: a test of resilience or the chance to reinvent its economy?

India’s economy entered 2025 with momentum few emerging markets could match. Extreme poverty had nearly vanished, an S&P sovereign credit upgrade had lowered capital costs, and GDP growth was running…

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Economy

UK weighs National Insurance on rental income as Reeves seeks to fill £40 bn gap

The UK government is weighing up a controversial new tax measure that would see landlords pay National Insurance contributions (NICs) on rental income, as Chancellor Rachel Reeves searches for ways…

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Economy

Pernod Ricard shares climb as sales, profit beat forecasts: will the rally sustain?

Shares in French spirits group Pernod Ricard rose by more than 5.7% on Thursday after the company reported a smaller-than-expected fall in annual sales and profit, while offering guidance that…

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Economy

Iranian rial crashes to record low amid EU’s sanctions threat

Iran’s embattled currency, the rial, slumped below the psychological barrier of one million to the dollar on Thursday, reaching a new record low as traders and ordinary Iranians brace for…

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Economy

Why are cocoa prices falling sharply as market approaches year’s low

On Friday, the price of cocoa on the Intercontinental Exchange (ICE) in New York experienced a significant drop, falling below the $7,500 per ton threshold. This decline brings the commodity’s price…

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