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Tunisia’s Forex Reserves Decline by $1 Billion Due to Eurobond Payment

Tunisia is currently facing significant economic challenges, particularly as its foreign-exchange reserves take a substantial hit. In a dramatic decline, currency reserves dropped by nearly 13% in a single day,…

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Crypto Romance, Deceit, and Due Diligence

Investment in cryptocurrencies is on the verge of a substantial growth spurt, heralded by the changing political landscape and increasing acceptance of digital assets. Prominent figures such as Elon Musk…

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IndiGo Q3 Profit Declines 18% to Rs 2,449 Cr Due to Forex Loss; Expands Global Destinations Plans This Fiscal

The financial landscape for IndiGo, the largest airline in India, underwent notable changes as it reported its earnings for the period ending December 2024. Despite experiencing an 18.3% decline in…

Continue ReadingIndiGo Q3 Profit Declines 18% to Rs 2,449 Cr Due to Forex Loss; Expands Global Destinations Plans This Fiscal

Profit Declines 18% to Rs 2,448.80 Crore Due to Forex Loss

IndiGo's recent operational and financial results illustrate both challenges and triumphs experienced by the airline industry, especially in the context of fluctuating fuel prices and rising operational costs. According to…

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IndiGo Profit Declines 18% to ₹2,448 Crore Due to Forex Loss

InterGlobe Aviation, the parent company of IndiGo, has recently reported its financial results for the third quarter of FY25, revealing some nuanced challenges and opportunities amid a backdrop of robust…

Continue ReadingIndiGo Profit Declines 18% to ₹2,448 Crore Due to Forex Loss

Profit Declines 18.3% Due to Forex Losses, Dollar Hedging, and Global Expansion Strategies to Reduce Volatility

The financial landscape for airlines, particularly in India, is shaped by numerous external factors, with currency fluctuations being one of the most significant. Recently, a major Indian airline operator reported…

Continue ReadingProfit Declines 18.3% Due to Forex Losses, Dollar Hedging, and Global Expansion Strategies to Reduce Volatility

Kingdom Holding Rejects Potential Crypto Investment Due to Limited Utility

Kingdom Holding, a prominent investment firm established by Saudi Arabian Prince Alwaleed Bin Talal, has recently reiterated its stance against investing in cryptocurrencies. This decision, as articulated by CEO Talal…

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USD/CAD Rises 0.80% Due to Tariff Concerns and Inflation Expectations

The USD/CAD currency pair is currently experiencing significant movement, trading at a rate of $1.44199, which reflects an increase of 0.80%. A surge in this pair can be traced back…

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GBP/USD Price Analysis: Potential Dip to 1.21 Due to Economic Weakness

Retail sales figures from the UK for December have surprised many economic analysts, revealing a downward trend that suggests deepening economic challenges. The latest data indicated a 0.3% decline in…

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The Importance of Due Diligence When Choosing a Forex Broker

A Forex broker is a company that helps people buy and sell currencies. Forex stands for foreign exchange, which is the market where currencies are traded. People may want to…

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