Lifestyle
Gold holds ground on US Fed rate-cut hopes, lower yields
GOLD prices held steady on Friday (Aug 9) after a sharp rise in the previous session, bolstered by a dip in US Treasury yields, as investors grew confident that...
US: S&P 500 ends up, little changed for week after Monday’s steep selloff
THE S&P 500 ended higher on Friday (Aug 9) and was little changed for the week after regaining almost all of its losses from Monday’s steep dive that was...
US dollar dips as yen heads for first weekly drop in six
THE US dollar was off a one-week high against other major currencies on Friday (Aug 9), capping off a turbulent few days as traders digested a drop in US...
Abu Dhabi will acquire a minority stake in Sotheby’s auction house
ADQ, Abu Dhabi’s sovereign wealth fund, has signed a definitive agreement to acquire a minority interest in Sotheby’s, the auction house announced. Its owner, the telecom billionaire Patrick Drahi,...
China central bank studies plan to narrow rate corridor, warns on bond risks
CHINA’S central bank said it’s studying a plan to narrow the range within which market interest rates can fluctuate, with policymakers on alert for risks building in the bond...
India’s Mahindra seeks nod for US$3 billion Shaanxi JV: sources
INDIAN automaker Mahindra & Mahindra and China’s Shaanxi Automobile Group have agreed to set up a US$3 billion joint venture to build a car manufacturing plant in India and...
China tells some brokerages to conduct compliance checks on bond trading: sources
CHINA’S securities regulator has ordered some brokerages to inspect their bond trading activities, three people with knowledge of the matter said, as authorities seek to rein in frenzied buying...
Samsung recalls 1 million stoves that started 250 fires and killed pets
A RECALL has been issued for more than 1 million Samsung stoves after hundreds of reports of them being turned on accidentally, leading to fires that injured dozens and...
