Gold prices take a hit on US dollar hike, banks' stimuli
Spot gold prices fell by 0.4 per cent on the day even as dollar traded positively against other currencies
Investment
Canada awards multi-billion contract to General Dynamics as election looms
On Friday, the 16th of August 2019, Canadian government had issued a statement saying that it had signed up General Dynamics Corp., an American aerospace and defense corporation headquartered in Michigan, for a multi-billion dollar contract
UPS buys stake in TuSimple, testing self-driving delivery trucks in Arizona
On Thursday, United Parcel Service, shortly dubbed as UBS, headquartered in Atlanta, Georgia, had issued a statement saying that the company had purchased a minority stake in self-driving start-up TuSimple
China restricts gold import as trade war heats up
As an attempt to curb outflow of dollars and to boost up its offshore Chinese Yuan, Beijing has been restricting imports of the precious metal gold since May following a pre-mature conclusion of trade talk with Washington
Brazilian hedge funds pummeled on Argentine market rout
On Tuesday, the 13th of August 2019, a basket of Brazilian hedge funds and brokerages faced off havoc-scale causalities after Monday’s (August 12th) rampage of Argentine assets
Gold slid 2% after US suspends 10% tariff-hike on certain Chinese products
gold shed as much as 2 percent on Tuesday’s (August 13th) market closure after US President Donald Trump and his administration had decided not to incline higher tariffs on certain made-in-China products
Reliance shares see biggest intraday gain in decades after Saudi Aramco bid
On Tuesday, the 13th of August, Indian multinational conglomerate, Reliance Industries Ltd. reported its biggest intra-day gain in more than a decade
As worry about Sino-US trade ties grows, gold prices soar
Gold prices rose to a six-year peak on Wednesday alongside the prices of other precious metals like silver and platinum
Precious spot-gold surges 2% as traders unsettled on trade qualms
On Monday, the 5th of August 2019, spot-gold price soared 2 percent to $1,463 per ounce to reach its highest level in more than six years
Metals post biggest weekly fall in a year as Sino-US trade rift widens
On Friday, the 2nd of August 2019, a basket of industry grade metals posted a weekly decline over contracting manufacturing activity, while Trump’s latest tariff hike on Chinese exports moderates outlook further
Amazon seeks an imminent launch of food delivery service in India
World’s No. 1 online retailing industry giant, Amazon.com Inc., headquartered in Seattle and Washington, was sketching out a plan to vent out an online food delivery business in India as early as by this year
Exact science to acquire Genomic Health at $2.8 billion buyout deal
Madison, Wisconsin-based Exact Sciences Corp. had been in an advanced stage negotiation to take over CA-based healthcare company, Genomic Health at a $2.8 billion acquisition deal
LSE-Refinitiv merger deal to face off long anti-trust review
NY-based investment firm Blackstone Group Inc., was expected to announce a potential merger deal for its majority-owned financial data analytics firm Refinitiv with London Stock Exchange Group Plc. as early as by August 1st
BlackRock to takeover Cofense after US concerns on Kremlin meddling
BlackRock Inc., world’s largest investment company based on New York city, had been in an advanced stage talk to acquire the Leesburg, Virginia-based cyber security firm Cofense
China’s Wanda Sports raises $190.4 million in downsized IPO
Wanda Sports Group, wrestling to become a distributor of media rights in Asia for FIFA Men’s World Cup, had priced a smaller-than-anticipated IPO (Initial Public Offering) in the United States to raise roughly $190.4 million
London Stock Exchange seeks to buy Refinitiv for $27 billion
On Friday, the 26th of July 2019, the London Stock Exchange Group Plc. had issued a public statement saying that it had been looking to acquire financial data analytics provider, Refinitiv Holdings Ltd. at a $27bn buyout deal
Indian government brings down GST on e-vehicles to 5% from 12%
The decision was taken during the GST-Council meeting involving the country's financial minister Nirmala Sitharaman
Lead gains for third straight week as supply outage rubs out stockpiles
On Friday, the 26th of July 2019, price of Lead, the metallic-grey heavy metal used widely in car batteries and high-tech facilities to protect radiation, posted gains for third straight week in a row
Deloitte to set up Italy’s €500 million real estate fund to ramp up profits
Italy's finance ministry had decided to pick up NY-based consultancy firm, Deloitte Touché Tohmatsu Limited, widely dubbed as Deloitte, as its financial adviser in order to set out a €500 million real estate fund
Gazprom receives bids worth of $3.15 billion for 3% of its shares
On Thursday, the 25th of July 2019, thirty-year-old public joint stock company, Gazprom, said that the company had received bids worth of $3.15 billion or 198.89 billion roubles for 3 percent of its stakes.
Aramco's investment in RIL's refinery operations still on the cards
According to Saudi Arabia's energy minister Khalid al-Falih, the country-owned oil company could make inroads in the Indian petroleum and refinery sector
Upbeat chip stocks catapult S&P 500 & Nasdaq to record closure
On Wednesday, the 24th of July 2019, both Standard & Poor 500 and Nasdaq had mushroomed to record closing highs on chip stocks’ rallies
European stocks flat ahead of high-stake ECB meet
On Wednesday, a majority of European bourses had been hovering near a two-week high, as a downslope slide of commodity stocks amid an uncertain trade outlook and ramped up geopolitical bubbles had offset gains of chip and auto stocks
Indian stock markets plummet after IMF reduces growth prospects
The National Stock Exchange fell by around 0.53% while the Bombay Stock Exchange fell by around 0.36%
Earnings’ & trade hope waft Wall St. towards record high
On Tuesday, the 23rd of July, all three key indexes of Wall Street had added robust gains over optimism of a resumption of US-China trade talk as early as by next Monday (July 29th)
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