Tuesday, 16 Apr 2024

Gold climbs ₹180 on buying by jewellers despite weak global trend

Man dies following road accident outside Loughrea, Co Galway

One person has died in a road accident outside Abbey in Loughrea, Co Galway, this morning, June 27.

The single vehicle incident took place shortly before 7am in the Kylemore area between Abbeyshrule and Abbey.

When contacted, Loughrea gardaí confirmed to Independent.ie that one person had died in the accident.

The accident took place on the local Ballyshrule road, no other people were injured in the accident.

Local diversions are in place while the local by-road has been closed off to the public.

Apogee Enterprises Inc. Q1 adjusted earnings Beat Estimates

Apogee Enterprises Inc. (APOG) announced earnings for its first quarter that advanced from last year.

The company’s profit came in at $15.44 million, or $0.58 per share. This compares with $15.37 million, or $0.54 per share, in last year’s first quarter.

Excluding items, Apogee Enterprises Inc. reported adjusted earnings of $15.44 million or $0.58 per share for the period.

Analysts had expected the company to earn $0.54 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 5.6% to $355.37 million from $336.53 million last year.

Apogee Enterprises Inc. earnings at a glance:

-Earnings (Q1): $15.44 Mln. vs. $17.12 Mln. last year.
-EPS (Q1): $0.58 vs. $0.60 last year.
-Analysts Estimate: $0.54
-Revenue (Q1): $355.37 Mln vs. $336.53 Mln last year.

-Guidance:
Full year EPS guidance: $3.00 to $3.20

EU car sales expected to fall on year: ACEA

The European Automobile Manufacturers’ Association revised Thursday its forecast for passenger car registrations in 2019 downward, saying it now expects a slightly negative result for the full year.

The association, known as ACEA, now expects new passenger car registrations to fall by -1% compared with 2018, versus a previous forecast of registration growth of up to 1%.

Total EU car sales are projected to be just above 15 million units at the end of this year, ACEA said.

"Aside from the uncertainty due to Brexit and changing macroeconomic conditions, this represents a natural stabilization of the market," ACEA Secretary General Erik Jonnaert said.

ACEA said its new forecast is in line with the EU’s recently revised projections for GDP growth, as car sales "strongly" mirror economic growth. The level of growth in EU car sales has been slowing since 2015, it added.

Gas prices rise by 4.2 cents in N.B. ahead of Canada Day long weekend

Expect to see a larger price at the pumps when you go to fill up your vehicle this Canada Day long weekend.

On Thursday the New Brunswick Energy and Utilities Board set a new price maximum for gas prices in the province.

The price has risen by 4.2 cents to a new price of $1.242 per litre.

Diesel prices have also risen, this time by 2.6 cents.

The new price maximum for Diesel is now $1.305 cents per litre.

Donald Trump Shares Strange Fake Video Of Himself Gate-Crashing Democratic 2020 Debate

President Donald Trump mocked a technical glitch that interrupted Wednesday’s first Democratic 2020 presidential debate by sharing a strange video to Twitter.

The clip begins with moderators Chuck Todd and Rachel Maddow cutting to commercials so the issue can be fixed. The screen then goes blank before Trump emerges through the haze to the sound of Ozzy Osbourne’s “Crazy Train.”

The video appears to have emanated from the same pro-Trump meme creator who released a similarly strange video last week that showed Trump as president forever. Trump shared that video first on Friday and again on Wednesday night.

Multiple reporters noted how Trump tweeted the new clip on Thursday morning, just minutes before Air Force One touched down in Osaka, Japan, ahead of his attendance at the G-20 summit, where issues including North Korea and Iran will be on the table.

Trump had earlier called the debate “BORING!”

And he ripped NBC and MSNBC, saying they “should be ashamed of themselves” about the technical issue:

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Gold climbs ₹180 on buying by jewellers despite weak global trend

Gold prices rose by ₹180 to ₹34,350 per 10 gram; silver gained ₹50 to ₹38,750 per kg

Gold prices on June 27 rose by ₹180 to ₹34,350 per 10 gram in the bullion market in New Delhi on fresh buying from local jewellers despite the precious metal losing steam overseas, according to the All India Sarafa Association.

Globally, gold was trading lower at $1,403.72 an ounce, while silver was quoting lower at $15.20 an ounce in New York.

“Gold prices eased down to $1,401 an ounce from a six-year high in the international market due to a steady dollar and profit booking at higher levels. Investors are also cautious on U.S-China trade developments at G20 meet later this week in Japan,” said Hareesh V, Head-Commodity Research, Geojit Financial Services.

Growing tensions in the Middle East and dovish comments from major central banks had boosted the yellow metal’s safe haven appeal earlier, he added.

In the national capital, silver gained ₹50 to ₹38,750 per kg on higher offtake by industrial units.

Gold of 99.9% and 99.5% purity jumped by ₹180 each to ₹34,350 and ₹34,180 per 10 gram, respectively.

Sovereign gold held steady at ₹26,800 per eight gram.

Gold had plunged by ₹300 on June 26.

Meanwhile, silver ready prices rose by ₹50 to ₹38,750 kg, while weekly-based delivery dropped by ₹130 to ₹37,604 per kg.

On the other hand, silver coins faced some pressure and fell by ₹1,000 to ₹80,000 for buying and ₹81,000 for selling of 100 pieces.

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