Gold Touches 2,000 an Ounce as RussiaUkraine War Continues

Gold futures rose Monday as U.S. traders returned from a threeday weekend, with little prospect for a quick end to Russias invasion of Ukraine in sight contributing to global inflation and supporting haven demand for the precious metal and lifting prices to highs above 2,000 an ounce. Gold directly benefits from the  RussiaUkraine conflict inflation […]
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Robust Renminbi Despite Falling Stocks Rising Dollar

The Easter holiday in Europe and a lack of scheduled publications in the US ensure a quiet trading session this Monday. Only a batch of data from China provides some volatility. Chinese stocks were under moderate pressure on Monday, and the Chinese renminbi has changed little since the start of the day. Investors are concerned […]
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Miner Barricks Q1 Output Hurt by Nevada Gold Mines

April 14 Reuters Miner Barrick Gold, said on Thursday firstquarter production fell 17.7 from the previous three months, hurt by lower output at its Carlin and Cortez mines in Nevada. Barrick said gold output was lower at its Carlin and Cortez mines due to depletion of stockpiled higher grade underground ore after the mechanical mill […]
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UBS Names new Manager for Embattled Asia Fund

HONG KONG, April 14 Reuters UBS Group AG has appointed a new manager to oversee a 2 billion Asian high yield fund, the Swiss bank said in a statement, after a fivemonth hiatus in top leadership at the fund that was hit hard by China39;s property sector debt crisis. Raymond Lin Gui will join UBS39; asset […]
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Infosys Shares Slump 9 as Q4 Profit Misses Street View

BENGALURU, April 18 Reuters Shares of India39;s Infosys fell 9 on Monday, pulling down the broader IT index as the software services provider39;s lowerthanexpected March profit last week triggered fears of growth normalisation in the sector after a pandemicled boom. Infosys, India39;s No.2 software services firm, on Wednesday reported a consolidated net profit of 56.86 billion […]
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U.S. Oil Drilling, Output Moving Higher with Energy Prices

U.S. oil production forecasts are being revised upwards despite labor and supply chain constraints as higher prices spur more drilling and well completion activity, according to industry experts. Calls for new oil supplies are being answered by more producers as U.S. prices stay above 100 per barrel, propelled by Russia39;s invasion of Ukraine. Prices are […]
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