COLUMN-China, India buying adds support to bullish gold narrative: Russell Reuters
* Graphic: World FX rates https://tmsnrt.rs/2RBWI5E By Tom Westbrook SINGAPORE, May 27 (Reuters) – The dollar found support on Thursday from a sense that the Federal Reserve is slowly but surely edging towards a discussion about tightening monetary policy, wh…
Mergers and acquisitions targeting technology companies have hit a record high in Asia Pacific, Dealogic data shows, and dealmakers expect this M&A pace to continue as the pandemic spurs a shift toward virtual activities in the economy. Tech M&A has totalled $136.2 billion in 2020, more than double the year-ago levels, according to data provider…
The dollar found support on Thursday from a sense that the Federal Reserve is slowly but surely edging towards a discussion about tightening monetary policy, while the yuan hit a three-year high as China’s central bank kept to the sidelines. Investors are heavily short dollars in the belief that U.S. trade and current account deficits…
Share to FacebookShare to TwitterShare to LinkedinTopline The Biden administration recently met with other government officials, including staff members at the Treasury Department, to discuss the risks presented by the extreme volatility in cryptocurrency markets, the Washington Post reported on Tuesday, and how to prevent illicit activities that use crypto. Photo by: STRF/STAR MAX/IPx 2021…
Cameroon’s government has received the go-ahead to issue loans on the international market worth 450 billion CFA francs ($845 million) this year, according to an order signed by President Paul Biya on Wednesday.
Britain’s former trade minister Liam Fox has called for a carbon border tax to help protect businesses against cheaper imports from countries with less strict climate policies.”I hope the government will bring forward concrete plans to create a workable proposal on this as soon as possible,” he told Reuters.Fox, trade minister from 2016-2019, was speaking…
Global equity markets gained and the U.S. dollar rallied against major currencies on Wednesday for the first time this week as Federal Reserve officials continued to downplay prospects of rising inflation.
Certain industries were hit harder by the COVID-19 pandemic than others, especially in its early days. Small businesses, including retailers and restaurants, were negatively impacted by lockdowns and the resulting closures. They had to adapt quickly to survive. If they didn’t use much technology before, they were suddenly being forced to, as so many things…
SoftBank Group Corp’s (9984.T) Vision Fund 2 has led a $775 million investment in Perch, a technology firm that buys and operates third-party brands that sell their products on Amazon.com Inc (AMZN.O).The Series A funding will make Perch a so-called “unicorn” – implying a valuation of $1 billion or more and brings the company’s total…
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