World
US dollar trades mixed amid GDP report
New York, Nov 30 (IANS) The US dollar traded mixed against other major currencies as investors pondered over the country’s economic growth data for the third quarter of 2017.
US economy expanded at an annual rate of 3.3 per cent in the third quarter of the year, slightly higher than 3 per cent previously estimated, the Department of Commerce reported on Wednesday.
In late New York trading, the euro rose to $1.1862 from $1.1839 in the previous session, and the British pound climbed to $1.3422 from $1.3376 in the previous session, Xinhua reported.
The Australian dollar lost to $0.7577 from $0.7597.
The US dollar bought 111.83 Japanese yen, higher than 111.55 yen of the previous session.
The US dollar fell to 0.9839 Swiss franc from 0.9844 Swiss franc, and it moved up to 1.2853 Canadian dollars from 1.2816 Canadian dollars.
The revised gross domestic product (GDP) data also showed that US economy in the July to September period grew at the fastest pace in three years, despite disruptions caused by hurricanes Harvey and Irma along the Gulf Coast in late August and September.
“The economic expansion is increasingly broad based across sectors as well as across much of the global economy,” Federal Reserve Chair Janet Yellen said Wednesday before the Joint Economic Committee of US Congress.
Wednesday’s report also confirmed the fact that US economy had expanded above 3 per cent in back-to-back quarters for the first time since 2014.
Meanwhile, according to the Fed’s Beige Book released in the afternoon, US economic activity continued to increase at a modest to moderate pace in October and mid-November across the 12 Fed Districts.
On other economic news, the Pending Home Sales Index rose 3.5 per cent from a downwardly revised 105.6 in September to 109.3 in October, beating market estimates, according to the National Association of Realtors on Wednesday.
Analysts thought that the strong economic growth is likely to bolster market expectations for another rate hike by the Fed in December.
The dollar index, which measures the greenback against six major peers, decreased 0.10 per cent at 93.179 in late trading.
–IANS
pgh/
National
Foodman Vishal Singh Honored for Hunger Free World Mission in Bangkok
Lucknow: Vishal Singh, a renowned social worker from Lucknow, also known as Foodman, has once again made India proud. He was honored by the Happy Hands Gloves Cooperative Limited Company in Korathai, Thailand, for his work with the Hunger Free World Mission.
The Hunger Free World Mission’s meeting was held in Korathai, Thailand, under Vishal Singh’s leadership. Representatives from several countries, including Mr. Raja Dwivedi (Managing Director of Happy Hands Gloves Limited), Thailand Coordinator Mr. Raja Mishra, and member Mr. Varun Singh, attended the event.
Under Vishal Singh’s leadership, the attendees took a pledge to work together toward creating a hunger-free world.
Speaking on the occasion, Vishal Singh explained that the main goal of the Hunger Free World Mission is social participation. He said the mission is not just about feeding people but also about meeting other basic needs of those who are struggling. The mission focuses on helping families of terminally ill patients in hospitals by providing food and shelter. It also works to fulfill essential needs like education, jobs, and care for the elderly.
For the last 16 years, the Vijay Sri Foundation has been providing free services, benefiting thousands of people. Vishal Singh highlighted that the mission aims to gain global recognition like other organizations such as WHO, WWF, and Red Cross, which work for social causes.
During this meeting, Vishal Singh was appointed as the Chairman of the Hunger Free World Mission by representatives from various countries. They also discussed holding regular meetings in different countries to push the mission forward.
Business tycoon Dr. Abhishek Verma has also supported this humanitarian mission, vowing to promote the idea of “Seva Parmo Dharma” (Service is the highest duty) worldwide. Vishal Singh praised him, stating that people like Dr .Abhishek Verma inspire others to work for the betterment of society.
Recently, Romania’s Ambassador, Mr . Daniela Sezonov Ţane, invited Vishal Singh to the Romanian Embassy in Delhi, where they discussed the mission in detail. Impressed by his humanitarian work, she honored Vishal Singh and invited him to Romania to take the mission forward .
Food man Vishal Singh has been serving the people of India for the past 16 years. Through the Vijay Sri Foundation, he provides free meals to cancer patients & their families ,shelter, and education for women & children along with running free old-age homes in Lucknow.
In addition to his humanitarian work, Vishal Singh also addresses issues like crime and corruption through his role as Chairman of Seva Path Media and Managing Director of Vijay Sri Foundation.
During the COVID-19 pandemic, Vishal Singh and his team worked tirelessly to provide food and help to the needy, including starving children, elderly citizens, and pregnant women. Despite contracting the virus himself, he continued to assist others after his recovery. He even created a life-saving oxygen regulator using household items, which was praised by doctors both in India and abroad.
In his address at the meeting, Vishal Singh spoke about his mission to create a hunger-free world. He pointed out that India’s large population, along with issues like unemployment and poverty, has caused the country to fall on the Hunger Index. He urged people to contribute just one handful of grains daily to help create a hunger-free world.
He concluded by saying that through social participation, we can empower the people around us, meet their basic needs, and work together to build a stronger, more prosperous, and developed society.