Saudi Arabia nearly doubled the estimate for the value of its mineral resources and is seeing lucrative deals signed during its Future Minerals Forum held in Riyadh this week, ministers told CNBC. Estimates for the kingdom’s untapped mineral reserves have jumped from $1.3 trillion in a 2016 forecast to $2.5 trillion, according to Saudi Mineral Resources … Read more
Mumbai: Government bond yields, the benchmarks for pricing corporate debt, have eased sharply over the past couple of days as a proposal by Bloomberg Index managers to include Indian securities in their emerging markets index and declining crude oil prices have improved the view on sovereign debt. Yield on the 10-year benchmark government bond dropped … Read more
New York: Goldman Sachs Group’s head of global currency, rates and emerging-markets strategy says he’s learned two main main lessons from one of the biggest – and most-common – bad calls of 2023: the bet on post-pandemic China’s reopening boom. At the beginning of the year, Goldman was among the chorus of Wall Street banks … Read more
India could be the ideal site for emerging market investment, according to one ETF expert. Kevin Carter, founder and chief investment officer of EMQQ Global, told CNBC’s “ETF Edge” this week that India’s population demographics, growing economy and technology-oriented policy make the country highly investable. “You’ve got a government that’s a democracy that’s supporting technology, … Read more
Houthi military helicopter flies over the Galaxy Leader cargo ship in the Red Sea in this photo released on Nov. 20, 2023. Houthi Military Media | Via Reuters Drone and missile attacks by Yemen-based Houthi militants have upended shipping through the Red Sea and Suez Canal, a narrow waterway through which some 10% of the … Read more
