Gold futures settled higher on Friday, extending gains to a third straight session to reach a one-week high after the dollar weakened and the yields on long-term U.S. bonds dropped. Worries about a surge in the Delta variant of the coronavirus and travel curbs in several countries also contributed to increased demand for the safe-haven precious metal. Investors also reacted […]
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FILE PHOTO: A trader works on the floor of the Colombian Stock Exchange, in Bogota, Colombia February 1, 2019. REUTERS/Luisa Gonzalez(Reuters) – Colombia’s markets slid on Friday but then recovered by late morning in volatile trading, a day after Fitch became the second major credit rating agency to downgrade the country’s credit rating to ‘junk’. Investors expected the rating downgrade […]
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Robust hiring at restaurants and bars, local public schools and retailers helped lead the U.S. economy to post 850,000 jobs in June 2021. Strong hiring in those industries further suggests a booming recovery for those employers that were hit hardest during the Covid-19 pandemic. The leisure and hospitality sector again proved the brightest point with 343,000 positions added in June […]
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New York (CNN Business)Tesla managed to sell more than 200,000 vehicles last quarter, even as the company faced rising prices, a PR disaster in China and a shortage of computer chips. The company also managed to build more than 200,000 cars over the past three months despite those enormous headwinds. The increase in the number of vehicles produced and sold […]
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DUBAI (Reuters) -Saudi Arabia plans to target international transit passenger traffic with its new national airline, going head-to-head with Gulf giants Emirates and Qatar Airways and opening up a new front in simmering regional competition.FILE PHOTO: A Qatar Airways plane lands at the King Khalid International Airport, in Riyadh Saudi Arabia January 11, 2021. REUTERS/Ahmed YosriCrown Prince Mohammed bin Salman, […]
Read more(Repeats story published earlier. No change to text. The author is editor-at-large for finance and markets at Reuters News. Any views expressed here are his own) LONDON, July 2 (Reuters) – Confounding consensus yet again, the dollar is building another head of steam – a jarring prospect for those who see that as a harbinger of financial stress as well […]
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FILE PHOTO: A Cambodian army member vaccinates a person inside a red zone with strict lockdown measures, amidst the latest outbreak of the coronavirus disease (COVID-19), in Phnom Penh, Cambodia, May 1, 2021. REUTERS/Cindy Liu/File PhotoPHNOM PENH (Reuters) – Cambodia reported 32 deaths from the coronavirus on Friday, a record daily increase, as authorities warned of the risk of a […]
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Westpac is suing a financial firm run by a Sydney football personality over an alleged fraud that could cost the bank more than $200 million, after what insiders have blamed on poor internal controls that failed to detect allegedly false invoices. Westpac launched legal proceedings in the Federal Court on Monday against Sydney-based firm Forum Financial, which is run by […]
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TCS was the top loser in the Sensex pack, shedding over 1 per cent, followed by Infosys, Tech Mahindra, HDFC Bank. Equity benchmarks Sensex and Nifty opened on a choppy note on Friday, July 2, 2021 amid sustained foreign fund outflow and a mixed trend in Asian peers. The 30-share BSE index started on a slightly positive note, but soon […]
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