Oil Steady as Markets Weigh OPEC Cuts Against China Demand Concerns

Oil prices stable on Wednesday after fourday losing streak Russia39;s Vladimir Putin flies to UAE, Saudi Arabia on Wednesday China trade data scheduled for Thursday after Moody39;s downgrade Dec 6 Reuters Oil prices were steady on Wednesday, as investors weighed the effectiveness of an extension in OPEC cuts in tightening supply against a worsening demand […]
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VW Shareholders Demand more Scrutiny after Xinjiang Audit

BERLIN, Dec 6 Reuters Volkswagen must regularly check its operations in China to ensure its supply chains are safe and comply with human rights laws, two of the carmaker39;s investors said, after an audit of its jointly owned Xinjiang site found no sign of forced labour. The demands made by Union Investment and Deka Investment on Wednesday […]
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Holiday Group TUI sees more Growth after Profit Doubles

FY profit at 977 mln euros Sees 2024 profit up 25 Considering London delisting Shares up 8 LONDON, Dec 6 Reuters Europe39;s biggest travel operator TUI forecast operating profit would jump 25 in 2024 after it more than doubled this year on strong demand for holidays, cruises and hotel stays, lifting its shares 8. TUI, like […]
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Young Chinese Spurn Traditional Investments in Favour of Gold

SHANGHAIBEIJING, Dec 6 Reuters Gold buyers in China are getting younger, as a property market downturn, weakening stocks and currency and low bank deposit interest rates have left them with dwindling options to save for rainy days in a sputtering economy. The trend underscores heightening uncertainty about growth prospects in the world39;s secondlargest economy, which has not […]
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Gold Climbs as Dollar Slips, Investors Eye US Jobs Data

Dollar slips from twoweek high Investor focus shifts to US nonfarm payroll on Friday Spot gold may bounce into 2,0332,039oz range technicals Dec 6 Reuters Gold prices rose on Wednesday as the dollar eased and weakerthanexpected U.S. jobs data cemented expectations that the Federal Reserve39;s policy tightening cycle has come to an end. Spot gold […]
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Europe Shares Gain, VW Drives German DAX to Fresh Record High

German industrial orders fall unexpectedly in Oct Holiday group TUI rises after FY outlook upgrade Merck tanks after MS drug fails in latestage trials British American Tobacco drops on impairment charge Dec 6 Reuters European shares rose on Wednesday, led by miners and travel and leisure stocks, while Germany39;s benchmark DAX scaled a fresh alltime […]
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Stocks, Gold Gain as Investors Stay Cheery on Rate Outlook

LONDON, Dec 6 Reuters Global equities rose on Wednesday after U.S. employment data reinforced investors39; convictions that rates may soon start to fall, which has pushed down bond yields and lifted gold in the past few trading days. The flow of trade across the markets was relatively calm, with measures of volatility steady around their […]
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