Close up stack of gold bars, financial wealth concepts and business Vector Photo Gallery | Istock | Getty Images Gold is in a “new bullish phase” after prices notched another record high, said asset management firm Sprott Asset Management, echoing other analysts who have predicted that the bullion will continue to scale new heights. “Gold … Read more
A person rides a bicycle with a child sitting in the basket in Beijing, China July 14, 2024. Tingshu Wang | Reuters The jobless rate for 16-to-24-year olds in China, excluding students, fell to 17.6% in September from 18.8% a month prior, official data showed on Tuesday, offering officials relief after youth unemployment hit fresh highs for two … Read more
Vice President and Democratic presidential candidate Kamala Harris (L) holds a moderated conversation with Former US Rep. Liz Cheney, Republican of Wyoming, at People’s Light performing arts theater Malvern, Pennsylvania, on October 21, 2024. Brendan Smialowski | Afp | Getty Images Vice President Kamala Harris and Republican former Rep. Liz Cheney participated in a series … Read more
Scotiabank has highlighted three biotechnology companies as its “top picks,” each with the potential to more than double in stock price over the next 12 months. The bank’s optimism for these companies and the broader biotechnology sector is partly based on anticipated changes in the macroeconomic environment. Greg Harrison, equity analyst at Scotiabank, said “macro … Read more
Macroeconomic uncertainties, mounting geopolitical tensions and a desire to hedge against inflation have given gold — the classic “safe haven” asset — a blistering rally. Spot gold prices have soared above $2,700 an ounce, rallying for the fifth day on Monday to hit another record high of over $2,733 an ounce. Year-to-date, spot gold is … Read more
MUMBAI, MAHARASHTRA, INDIA – Hyundai cars seen parked outside the Hyundai showroom in Mumbai. Sopa Images | Lightrocket | Getty Images Hyundai Motor India was set to start trading Tuesday in the country’s two major stock markets after a $3.3 billion initial public offering, the country’s largest-ever by amount raised. The automaker had offered 142.19 … Read more
I’m proud to call the tiny sugarcane farming community of Ingham, Australia, my hometown. It boasts blue skies, sandy beaches and Australia’s longest single-drop waterfall. But its location — at the northern end of the state of Queensland — is a problem for me. Lured by the desire to explore Europe, I left for London … Read more
India and China have reached a deal on patrolling their disputed frontier to end a four-year military stand-off, the Indian foreign minister said on Monday, paving the way for improved political and business ties between the Asian giants. Estherpoon | Istock | Getty Images India and China have reached a deal on patrolling their disputed frontier to end a … Read more
A bronze bull statue outside the Bombay Stock Exchange (BSE) building in Mumbai, India, on Monday, June 3, 2024. India’s stock futures jumped after exit polls indicated a resounding victory for Prime Minister Narendra Modi’s ruling party in general elections that concluded Saturday. Photographer: Dhiraj Singh/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images … Read more
Peru’s former President Alejandro Toledo appears in court next to his lawyer Roberto Su for sentencing during his trial on charges of corruption related to the Brazilian company Odebrecht, in Lima, Peru, October 21, 2024. Gerardo Marin | Reuters Peruvian former President Alejandro Toledo was convicted of taking bribes from Brazilian construction giant Odebrecht and sentenced to 20 years and six months … Read more