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Dollar firms as investors brace for Fed decision in face of war

SINGAPORE, April 29 (Reuters) – The dollar edged higher on Wednesday as investors awaited a closely watched ​Federal Reserve rate decision in what was likely to be Chair Jerome Powell’s swan song against a backdrop of war in the ‌Middle East that shows little sign of an imminent resolution. Currencies held tight ranges in thinned Asia trade, with markets in Japan closed for a holiday and a slew of major central bank decisions still to come this week. Against the dollar, the euro dipped 0.07% to $1.1705 while sterling slipped 0.05% to $1.3513, as both currencies edged further away from

Under US law, Trump faces impending deadline to end Iran war. What happens if he ignores it?

Canberra, Apr 29 (The Conversation) US President Donald Trump is quickly approaching a deadline to wrap up his war against Iran – or he’ll be in breach of US law. Under the 1973 War Powers Resolution, a US president can only launch a war without congressional approval for 60 days. After that, Congress either has to declare or authorise the war – or the president must end the operations. Even though there is currently a ceasefire between the US and Iran, the resolution would still apply to the naval troops and ships responsible for maintaining the US blockade of Iranian

India’s gold investment demand tops jewellery for first time ever in March quarter

MUMBAI, April 29 (Reuters) – India’s investment demand for gold surpassed jewellery consumption for the first time on record in the March quarter, ​as investors turned to the precious metal amid subdued equity ‌market returns, the World Gold Council (WGC) said on Wednesday. Stronger investment demand in the world’s second-largest consumer of gold partly offset a decline in jewellery buying, hit ​by a rally in prices, helping keep overall demand stable, ​the WGC said. “For the first time investment demand surpassed jewellery ⁠demand,” Sachin Jain, chief executive of the WGC’s Indian operations, told ​Reuters. “Investment demand will become increasingly prominent

‘No gap’ private health insurance can save you money. But there’s a catch

Melbourne, Apr 29 (The Conversation) During a cost-of-living crisis, many Australians may be wondering if their private health insurance policy actually delivers. Rising premiums, the high costs of specialists’ fees, large out-of-pocket costs and bill shock are some common concerns. So it might be tempting to look for a “no gap” and “known no gap” arrangement. These are in the news this week due to concerns about how health insurer Bupa is negotiating with hospitals to provide this type of care. But when it comes to hospital care more broadly, what do the terms “no gap” and “known gap” really

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