Gold Prices Face Resistance At $2,000 As Fed Meeting Looms
Gold prices were muted in early Asian trade on Tuesday after touching key highs in the prior session as markets locked in some profits ahead of an upcoming Federal Reserve interest rate decision, while caution over a potential banking crisis kept safe haven demand...
Volvo Cars Plans Cost Cuts As First-Quarter Profit Drops
Sweden-based automaker Volvo Car Group reported a smaller-than-expected fall in first-quarter operating earnings on Thursday and said while overall demand remained healthy it may still cut costs as the global economy slows down. Volvo Cars, majority-owned by China’s Greely Holding, said operating earnings fell...
Asian Stocks Creep Higher, China Lags On Disappointing Data
Most Asian stock markets rose on Tuesday, tracking some overnight resilience in U.S. equities as markets awaited more cues on the world’s largest economy, although broader gains were held back by disappointing Chinese economic data. Outperformance in Japan’s Nikkei 225 index persisted, with the...
Gold Prices Dip Amid Rate Hike Uncertainty, Copper Retreats
Gold prices fell slightly on Monday amid uncertainty over whether the Federal Reserve will hold interest rates steady later this month, while concerns over weakening economic growth pulled copper prices down. The yellow metal fell on Friday after U.S. nonfarm payrolls data read much...
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Abandon Hope, Cineworld Tells Shareholders
Cineworld (LON:CINE) shareholders are set to be wiped out completely after talks to bring the company out of bankruptcy failed to attract enough interest from buyers. The owner of the Regal chain of cinemas, which collapsed under the weight of its debts last year,...
European Stocks Largely Flat; Ryanair Reports Record June Numbers
European stock markets traded largely unchanged Tuesday, with investors searching for cues given a light data calendar and a U.S. holiday. At 03:30 ET (07:30 GMT), the DAX index in Germany traded flat, the CAC 40 in France rose 0.1%, while the FTSE 100...
Japan to Make Raising Wages a Top Priority, Says Senior Govt official
Japan's government will make raising wages a top priority in its economic policy next year, Deputy Chief Cabinet Secretary Seiji Kihara said on Wednesday. "The biggest challenge for Japan's economy is a lack of wage growth. Unless wages rise, consumption won't pick up and...
Gold Pushes Further Past $2,000 As Fed’s Kasha Kari Flags Recession
Gold prices rose past key levels on Wednesday, boosted by safe haven buying after Minneapolis Federal Reserve President Neel Kashkari flagged a potential recession this year, with focus also turning to more U.S. economic cues due later in the day. Kashkari said that rising...
Aviva Hits Seven-Month High On New Buyback, Raised Dividend Outlook
The U.K. asset manager and insurer said it is confident of its ability to continue generating surplus cash and expects to pay out around £915M (£1 = $1.1848) this year and will aim for "low to mid-single-digit growth" in the dividend thereafter. "We are...