Latest news with #241
Yahoo
20-02-2025
- Politics
- Yahoo
Missouri Supreme Court upholds Prop B on St. Louis County ballots
ST. LOUIS – The Missouri Supreme Court has issued a ruling to allow Proposition B on St. Louis County ballots this spring. The decision upholds an April 2025 ballot measure that, if approved by voters, would grant the St. Louis County Council the authority to remove department heads with a 'super majority' vote, or approval from five of the county council's seven members. Legal battles around Prop B have pitted the council against County Executive Sam Page and various county department directors. Critics have argued the ballot language is misleading, inefficient and unfair. On Wednesday, the Missouri Supreme Court disagreed with a challenge from County Counselor Dana Redwing, issuing a ruling that allows Proposition B to remain on the April ballot and for votes to be counted. Developer picked to demolish Millennium Hotel, revamp site County council members say Proposition B is necessary to hold the county's executive branch accountable and ensure 'that no one branch of government holds unchecked power,' according to a news release from Council Chairwoman Rita Heard Days. She also pointed out that many municipal boards have similar authority to remove department heads. Executive Sam Page shared a statement in a previous FOX 2 story acknowledging that, while the measure will proceed, he feels the language is confusing and his administration is exploring legal options moving forward. According to a St. Louis County sample ballot, Proposition B currently reads: 'Shall Section 2.190.3 be added to and Sections 4.020 and 5.020 of the Charter of St. Louis County be amended to restore checks and balances, oversight, and accountability of the executive branch by authorizing removal of the St. Louis County Counselor or any Department Director by five of the seven Councilmembers as set forth in Exhibit A of Ordinance No. 29,241, on file with the St. Louis County Administrative Director and the St. Louis County Board of Election Commissioners? The cost of legal counsel authorized if this amendment passes has no fiscal impact on taxes.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Express Tribune
08-02-2025
- Business
- Express Tribune
Trade war pushes gold over Rs300,000/tola
Listen to article KARACHI: Gold prices continued their upward trajectory on Friday, surpassing the historic milestone of Rs300,000 per tola in Pakistan, driven by rising international market rates. In the local market, the price increased by Rs1,346/tola, reaching Rs300,046 for the first time in history. Similarly, the price of 10-gram gold rose by Rs1,154, settling at Rs257,241, according to figures released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). The surge in gold prices has been attributed to heightened safe-haven demand amid ongoing trade war concerns, especially ahead of the key US payrolls report. Commenting on the trend, Adnan Agar, Director at Interactive Commodities, stated, "Gold has reached an all-time high today and is expected to remain strong in the future." This follows Tuesday's increase of Rs1,900, which took gold to Rs294,300, after Monday's Rs200 rise had already set a record of Rs292,400. Globally, gold prices rose on Friday and were on track for a sixth consecutive week of gains as escalating trade tensions between the US and China prompted investors to seek refuge in the safe-haven asset. Spot gold gained 0.5% to $2,871.59 per ounce as of 1606 GMT, up more than 2% this week after hitting a record high of $2,886.62 earlier in the session. US gold futures rose 0.7% to $2,897.50. US President Donald Trump kick-started a trade war this week as he imposed new duties on China, though he granted Mexico and Canada a one-month reprieve. Gold is often used as a safe investment during times of political and financial uncertainty. The gold market also seems to have been buoyed by continued growth in the People's Bank of China's gold holdings and a new Chinese programme allowing insurance funds to invest in gold, said Peter Grant, Vice President and Senior Metals Strategist at Zaner Metals. A labour department report showed the US economy added 143,000 jobs in January, compared with the 170,000 expected by economists. The unemployment rate stood at 4%, compared with expectations of 4.1%. Wage growth and declining job creation are challenging the Federal Reserve's ability to adjust rates, creating a complex yet potentially advantageous situation, said Bart Melek, Head of Commodity Strategies at TD Securities. A strong economy with full employment and easing inflation should allow the Fed to cut rates, but tariff uncertainties call for caution, Chicago Fed President Austan Goolsbee said. Meanwhile, the Pakistani rupee saw a slight appreciation against the US dollar in the inter-bank market on Friday, gaining 0.04%. By market close, the currency stood at 279.05 per dollar, marking an increase of 10 paisa, according to data from the State Bank of Pakistan (SBP). The rupee had previously closed at 279.15 on Thursday.
Express Tribune
07-02-2025
- Business
- Express Tribune
Gold price in Pakistan crosses Rs300,000 per tola for first time
Listen to article Gold prices in Pakistan have reached an all-time high, crossing the Rs300,000 per tola mark for the first time in history. According to the All Pakistan Gems and Jewelers Association, the price of gold has risen by Rs1,346 per tola, making the new price Rs300,346 per tola. Additionally, the price of 10 grams of gold has increased by Rs1,154, now standing at Rs257,241. Internationally, gold prices have also seen a rise, increasing by 10 dollars per ounce, with the price now at 2,869 dollars per ounce. Earlier on Thursday , gold prices witnessed a decline in both international and local markets. In the international bullion market, the price of gold per ounce dropped by $9, reaching $2859. Locally, the price of gold also experienced a decrease. The price of one tola of gold fell by Rs900, bringing it to Rs298,700. Similarly, the price of 10 grams of gold decreased by Rs772, now standing at Rs256,087.
