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Gold subdued ahead of Fed Chair speech, G20 summit

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  Spot gold inched 0.1 percent lower to $1,221.70 per ounce at 0337 GMT.  Gold prices inched lower on Tuesday while investors awaited clues on the pace of future US interest rate hikes and as the US-China trade spat sours ahead of a G20 summit. Spot gold inched 0.1 percent lower to $1,221.70 per ounce at 0337 GMT. US gold futures were little changed at $1,222.1 per ounce. Investors will hold steady until the minutes of the Federal Reserve meeting are released and more clarity emerges around the trade conflict leading into the G20 summit, said ANZ analyst Daniel Hynes. In an interview with the Wall Street Journal, US President Donald Trump said he expects to move ahead with raising tariffs on $200 billion in Chinese imports to 25 percent from the current 10 percent, and repeated his threat to slap tariffs on all remaining imports from Chin a. The comments ran counter to recent speculation about a possible deal when Trump meets with Chinese President Xi Jinp...
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Rubber products industry hit by rising synthetic variety prices

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KOCHI:                                                   The rubber products industry, both tire, and non-tire are feeling the pinch of soaring prices of several forms of synthetic rubber prices even as it is grappling with a natural rubber shortage in the domestic market.  India is totally dependent on the import of several varieties of synthetic rubber (SR) l, the use of which has gone up in a tire and non-tire sectors.  “Certain forms of SR like solution SBR, chlorobutyl and bromobutyl are exclusively imported. The products have become dear and the rupee depreciation has increased the import cost further, putting pressure on our margins,” said Ashish Pandey, vice-president, materials of JK Tyres .  “ High performing tires use more SR,” he said, adding that the hopes of the tire industry for better performance in the second ha...
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Share market update: Nifty Realty pack slips over 1%; Godrej Properties, IB Real Estate weigh

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Share market update: Nifty Realty pack slips over 1%; Godrej Properties, IB Real Estate weigh  N EW  D ELHI:   Strong losses in shares of Godrej Properties  (down 5.82 percent) , Indiabulls Real Estate (down 3.27 percent) and Housing Development & Infrastructure (HDIL) (down 1.95 percent) dragged realty pack down in Friday's session.  The  Nifty Realty index  was trading 1.22 percent down at 255 around 12:33 pm.  Shares of Sobha (down 0.77 percent), Brigade Enterprises (down 0.72 percent),  Oberoi Realty (down 0.66 percent) and DLF (down 0.57 percent) too were  However,  Unitech (up 1.64 percent) , Phoenix Mills (up 1.36 percent) and Prestige Estates Projects (up 0.09 percent) were up at that time.  Positive global cues and rupee's recovery against the  US dollar  gave a boost to sentiment at home.  Benchmark NSE Nifty50 index was up 51 points at 11,286, while the BSE Sensex was up 203 points at 37,324....
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