Gold prices climbed on Wednesday, lifting the most active gold futures contracts to their highest settlement since June 11, as the dollar eased a bit from 16-month highs and on lingering concerns about rising inflation. The dollar index dropped to 95.73 before recovering to 95.82, down 0.1% from the previous close. Gold futures for December ended up by $16.10 or […]
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FILE PHOTO: A products price board displays the new petrol pump price at the NNPC retail outlet in Abuja, Nigeria September 3, 2020. REUTERS/Afolabi SotundeLAGOS (Reuters) -Nigerian state oil company NNPC has signed a $1.04 billion facility with the African Export-Import Bank (Afrexim) for petroleum exploration, the bank said in a statement on Wednesday. The agreement is backed by oil […]
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ANKARA (Reuters) – Turkey’s state energy company BOTAS is expected to turn to the central bank to help meet its growing need for hard currency and to support the lira as gas prices and demand climb during the peak consumption winter months, two officials told Reuters.FILE PHOTO: A logo of Turkey’s Central Bank is pictured at the entrance of its […]
Read moreInvestors eye crypto as a hedge against inflation MittGroup CEO Grant Mitterlehner tells Neil Cavuto Bitcoin is ‘the new gold.’ Bitcoin was trading 2% lower Wednesday morning. It was around $59,190, trading below its all-time high of $68,950 per coin, which it hit earlier in the month. Rival Ether, the world's second-largest cryptocurrency, was trading around $4,180. Dogecoin was trading […]
Read moreLONDON, Nov 17 (Reuters) – The pound climbed to a one-week high versus the U.S. dollar and a 21-month high against the euro on Wednesday after data showed British inflation surged to a 10-year high last month, boosting expectations of a rate hike as early as next month. Consumer prices rose by 4.2% in annual terms in October, accelerating from […]
Read more(Reuters) – U.S.-based SS&C Technologies has made a 1.16 billion pound ($1.56 billion) takeover approach to Blue Prism, topping an agreed deal between the British robotics software firm and Vista, and sparking speculation of a bidding war. London-listed Blue Prism’s shares jumped roughly 10% to 1,239 pence on Tuesday, above the proposed 1,200 pence per share offer from SS&C. Blue […]
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Gold prices drifted lower on Tuesday as the dollar surged higher on upbeat industrial production and retail sales data. The dollar index climbed to 95.90, gaining more than 0.5% over the previous close. Gold futures for December ended down by $12.50 or about 0.7% at $1,854.10 an ounce, after having surged to a near five-month high at $1,879.50 an ounce […]
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After years of a low interest rate environment, many investors have turned to equities not only for the growth potential but also for solid and dependable dividends, which help to provide an income stream. What this equates to is total return, which is one of the most powerful investment strategies going. We like to remind our readers about the impact […]
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Check out the companies making headlines in midday trading. Home Depot — Shares of Home Depot jumped more than 5% after the home improvement retailer beat on earnings. The company reported earnings of $3.92 per share on revenue of $36.82 billion. Analysts expected earnings of $3.40 on revenue of $35.01 billion, according to Refinitiv. Robinhood — Shares of the stock […]
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