Gold futures declined on Wednesday as market participants awaited a speech from Federal Reserve Chairman Jerome Powell and as bitcoin, one of golds biggest rivals as a safe haven, hit a fresh record ahead of the hotly anticipated debut of cryptoplatform Coinbase Global on the Nasdaq. Naeem Aslam, analyst at AvaTrade, says that gold is […]

April 14 Reuters Goldman Sachs Group Inc reported a massive jump in firstquarter profit on Wednesday, as Wall Streets biggest investment bank capitalized on record levels of global dealmaking activity. It also benefited from a favorable comparison to a year earlier when it set aside more funds to cover potential corporate loan losses due to […]

DUBAI Reuters Logistics firm Tristar has dropped plans for an initial public offering in Dubai due to insufficient demand from investors, two sources familiar with the matter told Reuters on Wednesday. The move is a setback for Dubais bourse, the Dubai Financial Market, which has not seen a big ticket listing since 2017. Tristar began […]

April 14 Reuters Russias rouble extended strong gains on Wednesday on hopes of improving ties between Moscow and the West, while other emerging market currencies rose as U.S. inflation data failed to stoke fears of imminent policy tightening. The rouble led gains across currencies in Europe, the Middle East and Africa, having surged 1.8 on […]

LONDON, April 14 Reuters Sterling hit a oneweek high against the dollar on Wednesday, recovering some ground after a brief dip the previous day following news the Bank of Englands chief economist resigned. The pound dipped on Tuesday afternoon, hitting a sixweek low against the euro and extending losses against the dollar after the announcement […]

BRUSSELS, April 14 Reuters The European Commission plans to borrow around 150 billion euros annually until 2026 to finance the blocs unprecedented plan to make its economy greener and more digitalised, making it the biggest issuer in euros, a document from the Commission showed. The financing for the EU economic plan, agreed at 750 billion […]

TOKYO, April 13 Reuters Japanese shares rose on Tuesday, led by gains in stocks of glass product companies and department store operators after their robust earnings, though concerns about rising domestic COVID19 cases undermined travelrelated shares. Nikkei share average rose 0.72 to 29,751.61, holding above key support levels from its 25day, and 50day moving average, […]

Bloomberg Intelligence forecasts that the total market value of ESG investments will reach $53 trillion within the next five years, and that ESG will represent a third of the assets under management.

LONDON, April 13 Reuters Sterling rose for a second day against the dollar and the euro on Tuesday, as analysts said Britains vaccination drive had not been derailed by its curbing of the use of AstraZenecas COVID19 vaccine. The pound lost 1 against the dollar last week as Britain advised alternatives to the OxfordAstraZeneca vaccine […]

April 13 Reuters Londons FTSE 100 fell on Tuesday, dragged lower by losses in exportoriented stocks and energy firms, while data showed Britains economy grew in February as companies got ready for the lifting of a third coronavirus lockdown. The bluechip index edged down 0.1, with shares of large dollarearning consumer staples companies Unilever , […]