Browsing: Business

Gold prices have surged past $2,000 an ounce, scaling one-year highs, as the US dollar and yields weakened. This follows weaker-than-expected US economic data, which reinforces bets for a slowdown in the pace of interest rate hikes despite growing concerns

Switzerland’s Federal Prosecutor is investigating potential breaches of criminal law by officials involved in the state-backed takeover of Credit Suisse by UBS Group, which was announced last month. The prosecutor’s office is examining the deal for any evidence of wrongdoing

Saudi Arabia and other OPEC+ oil producers announced further oil output cuts of around 1.16 million barrels per day on Sunday, ahead of a virtual meeting of an OPEC+ ministerial panel. The unexpected move takes the total volume of cuts

TRUST International Group, a defence trading specialist and major supplier of premium solutions to the UAE Armed Forces and security establishments, has been acquired by EDGE Group. TRUST will become part of EDGE’s Trading and Mission Support cluster, complementing the

Parshottam Rupala, the Indian Minister of Fisheries, Animal Husbandry and Dairy Industry of the Central Government, said that India ranks third among the world’s fish producing nations with an eight percent contribution to the total global fish production.

There is still room for gold prices to rise and they could reach $2,600 an ounce in the near future. As a result of Silicon Valley Bank’s collapse and Credit Suisse’s difficulties, investors have been turning to gold and Treasury

UBS (UBSG.S) is in discussions to acquire Credit Suisse (CSGN.S), with the boards of Switzerland’s two biggest lenders meeting separately this weekend, the Financial Times reported. The Swiss National Bank and regulator FINMA are organizing the talks to build confidence

The latest celebrity to gain a major acquisition is Ryan Reynolds. T-Mobile (TMUS) acquired Reynolds-backed Mint Mobile for $1.35 billion on Wednesday. There are 61% of shares in stock and 39% in cash in the sale. The actor, who holds

The ADPORTS Group and SEG ENERA Group, one of the largest multisectoral holding companies in Uzbekistan, have formed ADL-Ulanish, which will provide end-to-end global logistics services throughout Uzbekistan. With the new joint venture enterprise, AD Ports Group will offer its

Investors were watching for testimony from Federal Reserve Chair Jerome Powell on Monday as well as the February jobs report at the end of the week, which will likely influence how hawkish the central bank will be going forward. Dollar