Gold heads for steep weekly loss as oil prices fuel Fed rate concerns - Reuters

More in Finance

• Will EPF wage ceiling hike go in vain for your EPS?

  The central government has decided to continue contributing to the Employees’ Pension Scheme (EPS) at the earlier wage ceiling of Rs 15,000, despite the new ceiling of Rs 25,000 coming into effect from September 17, 2025. The contribution rate remains 1.16% of the basic wage, and the government’s monthly contribution to EPS accounts will rise from Rs 174 to Rs 290, a 66.66% increase, when the wage ceiling is raised to Rs 25,000. The EPS is a defined benefit scheme, and the government’s contribution at a Rs 15,000…

  7 min read
• Why is Indonesia facing a rare MSCI downgrade and what's at stake?

  Indonesia is facing a rare MSCI downgrade, marking the third time a market has been downgraded from emerging to standalone status since 1997. The Jakarta Composite fell 11.6% on October 16, wiping off $65 billion from its value, making it the largest one-day fall since the 1998 Asian financial crisis. This downgrade could trigger billions of dollars in foreign outflows, even as Indonesia pursues reforms aimed at improving market transparency and trading practices. The proposal, going further than MSCI's initial wa…

  9 min read
• Man charged with cheating friend out of $112,500 after learning he was a scam victim

  Police say the man, 43, spent 15 months claiming he could recover the losses but required several fees. He allegedly told his friend he could help recover the losses but needed to pay for legal, witness protection, and other administrative fees. The police warned the public to be wary of upfront payment requests and to verify any claims of scam recovery.

  2 min read