Category: 6. Business
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Report: Ghana’s illegal gold mining industry booms
Men with no protective equipment, very little training and sub-par mining tools are spread throughout Ghana as the popularity of illegally operated gold mines continues to increase, according to a recent report from Reuters. One man, a… Continue Reading
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Gold Bull Run in Seismic Shift
The world’s most influential central bank, the Federal Reserve, announced a bold decision – a rate cut of 50 basis points, marking the beginning of a “recalibration” of monetary policy. The last few years we have seen a cycle of… Continue Reading
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Best Gold Coins to Buy for Investment in 2025
When investing in gold coins, it’s essential to focus on factors such as liquidity, recognition, purity, and resale value. The following is an in-depth guide on the best gold coins to buy for investment, covering both bullion and… Continue Reading
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Israel’s forex reserves again hit new record
Israel’s foreign exchange reserves at the end of September 2024 hit a record high of $220.377 billion, an increase of $2.992 billion from their level at the end of August, which was itself a new record, the Bank of Israel reports…. Continue Reading
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Rani Zim sells Psagot stake for huge loss
Yesterday, Rani Zim sold his entire 65.7% stake in Psagot, plus tradable options, to the company’s former CEO Yaniv Bender. Bender will pay NIS 40 million in cash on the completion of the deal, and will then hold 73% of Psagot,… Continue Reading
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Chevron suspends work on Leviathan third pipeline
NewMed Energy (TASE: NWMD), which holds a 45.34% stake in the Leviathan gas field, has notified the Tel Aviv Stock Exchange (TASE) that the fields operator Chevron, which has a 39.66% stake, has decided to suspend work on laying a… Continue Reading
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India’s gold imports hit a three-and-a-half year high
India’s gold imports soared to their highest level in over three years, reaching 125 tonnes in August 2024, fueled by strong consumer demand and industry restocking ahead of the Diwali season and Q4 festive celebrations. This represents a… Continue Reading
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Chinese heavy-duty vehicle platinum demand could be ready for a rise
The global market for platinum, a precious metal widely used in various industries, is poised for a potential surge. One significant driver of this anticipated growth is the increasing demand for platinum in heavy-duty autocatalysts,… Continue Reading
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Israel’s economy shows strength, despite Moody’s downgrade
As we recently celebrated Rosh Hashanah, it’s worth highlighting a few bright spots in Israel’s economy—many surprisingly strong—that offer some optimism amid the current challenges. Much of Israel’s economic success is often… Continue Reading
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Will Bank of Israel raise rate on Wednesday?
The Bank of Israel Monetary Committee will announce its latest interest rate decision on Wednesday. The announcement has been delayed two days to avoid clashing with October 7 memorial ceremonies and the first anniversary of the… Continue Reading