UAE gold prices edge higher as global rates surpass $4,376 on weaker dollar ahead of key U.S. jobs report
Gold continued to rise on Monday, bolstered by a declining dollar and lower U.S. Treasury yields. Investors are anticipating important U.S. jobs […]
Ivanhoe Mines Announces US$500 Million Strategic Private Placement with Qatar Investment Authority (QIA)
Executive Co-Chair Robert Friedland and President and Chief Executive Officer Marna Cloete announce today a US$500 million investment from Qatar Investment Authority […]
China looks to Africa as testing ground for global roll-out of yuan
China appears to be positioning Africa as a testing ground for internationalization of the yuan as it seeks to expand the currency’s global use and […]
Paul Tudor Jones says stock market will hit new lows even if Trump cuts China tariffs to 50%.
Billionaire hedge fund manager Paul Tudor Jones said Tuesday that stocks are bound to hit new lows even if President Donald Trump tones down his aggressive […]
EU retaliates as 25% steel, aluminum tariffs take effect.
US President Trump’s tariffs are reshaping US trade policy and overhauling decades of free-trade agreements with friend and foe alike. Steel and […]
Australia’s Westpac at over 6-year high on profit beat, better cost control
Australia’s Westpac Banking Corp (WBC.AX), opens new tab beat analyst forecasts for third-quarter profit on Monday and reported improved net interest margin, helped by […]
Australia’s NAB posts profit dip, investors cheer margin stability
National Australia Bank (NAB.AX), opens new tab, the country’s No. 3 lender by total loans, reported on Friday that profit fell in the […]
India’s central bank fines Visa for unauthorised payment method
The Reserve Bank of India imposed a penalty of 24.1 million rupees (nearly $288,000) on Visa (V.N), opens new tab in relation to its […]
Big Chinese fund managers cap pay, claw back excess in ‘common prosperity’ push, sources say
Two of China’s leading fund managers have capped staff’s annual income and will claw back any excess, five people with direct knowledge […]
JPMorgan beats profit estimates on investment banking boost
JPMorgan Chase (JPM.N), opens new tab beat estimates for second-quarter profit on Friday, as its investment banking business benefited from a resurgence in dealmaking […]
ECB can continue to gradually lower rates, Panetta says
ROME, July 9 (Reuters) – The European Central Bank can continue to gradually reduce interest rates without jeopardising the current fall in […]
Hongkong Land plans $1 billion luxury retail destinations in financial hub
Hongkong Land announced a more than $1 billion, three-year investment in ultra-luxury retail in the heart of the city’s financial district on Wednesday. The […]