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Gold gains on weaker dollar; traders brace for Fed rate decision

May 5 (Reuters) – Gold prices firmed on Monday, supported by a softer dollar, as investors awaited further details on the U.S.-China trade relations, along with the Federal Reserve’s policy meeting due later this week. Spot gold gained 0.5% to $3,256.85 an ounce, as of 0416 GMT. U.S. gold futures rose 0.7% to $3,265.10. The dollar was down 0.3% against its rivals, making gold more attractive for other currency holders. “The U.S. dollar is looking subdued ahead of the Fed meeting this week which is enabling gold to take a mild run higher,” KCM Trade’s Chief Market Analyst Tim Waterer

Adani representatives meet Trump officials in push to end US bribery cases, Bloomberg News reports

May 5 (Reuters) – Representatives for Indian billionaire Gautam Adani and his companies met officials from U.S. President Donald Trump’s administration to seek dismissal of the criminal charges against him in an overseas bribery probe, Bloomberg News reported on Sunday, citing people familiar with the matter. The talks, which began earlier this year, gained momentum in recent weeks and could yield a resolution in the coming month or so, if the pace persists, according to the report. In November, U.S. authorities indicted Adani and his nephew, Sagar Adani, alleging that they paid bribes to secure Indian power supply contracts, and

Delhi court issues notice to Sonia, Rahul Gandhi in National Herald case

New Delhi, May 2 (PTI) A Delhi court on Friday issued notices to former Congress president Sonia Gandhi and leader of opposition in Lok Sabha Rahul Gandhi in the National Herald money laundering case. Special judge Vishal Gogne said their “right to be heard” was available at the time of cognisance of the chargesheet. “Right to be heard at any stage breathes life into fair trial,” the judge said, posting the matter on May 8. The judge also issued notice to Congress leader Sam Pitroda and Suman Dubey, and “Young Indian”, Dotex Merchandise Pvt Ltd and Sunil Bhandari. The chargesheet

RBI imposes penalties on ICICI Bank, Bank of Baroda, 2 other lenders

Mumbai, May 2 (PTI) The RBI (Reserve Bank of India) on Friday said it has imposed penalties on four banks, including ICICI Bank and Bank of Baroda, for deficiencies in regulatory compliances. Penalty of Rs 97.80 lakh has been imposed on ICICI Bank for non-compliance with certain directions issued by the Reserve Bank of India (RBI) on ‘Cyber Security Framework in Banks’, ‘Know Your Customer (KYC)’, and ‘Credit Card and Debit Card — Issuance and Conduct’. In another statement, the RBI said it has imposed a penalty of Rs 61.40 lakh on Bank of Baroda for non-compliance with certain directions

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