Gold down on firm dollar ahead of US inflation data; silver near record high.
Gold prices slipped on Thursday, weighed down by a stronger dollar as investors remained cautious ahead of US inflation data that could […]
US miners develop new premium iron ore in West Africa, better than China’s $24b Simandou mine.
The rivalry is playing out in south-eastern Guinea, home to some of the world’s richest iron ore reserves, at a time when […]
African Development Bank gets record US$11 billion in funding.
The African Development Bank’s concessional financing arm mobilised a record US$11 billion (RM44.94 billion) in its 17th replenishment, an amount the multilateral […]
QD Plans €152 Million Investment in Next-Gen Quantum-Based Chip Inspection Facility in Munich, Germany.
QuantumDiamonds GmbH, a pioneer in quantum sensing for semiconductor inspection, today announced a €152 million investment plan to establish the world’s first […]
Oil slips below $60 on Russia-Ukraine peace deal talks, weak China data.
Oil prices fell more than $1 on Tuesday to below $60 a barrel – the lowest since May this year – as […]
Saudi IsDB approves $1.37bn in financing to support development projects in 12 countries.
Saudi Arabia’s Islamic Development Bank has approved a new package of projects with a total value of approximately $1.37 billion, allocated to […]
Mali finally returns $400 million in gold to Australian operator amid settlement.
The order comes as Mali’s military-led government, headed by General Assimi Goïta, pursues a five-year presidential mandate amid persistent political instability and […]
UAE gold prices edge higher as global rates surpass $4,376 on weaker dollar ahead of key U.S. jobs report
Gold continued to rise on Monday, bolstered by a declining dollar and lower U.S. Treasury yields. Investors are anticipating important U.S. jobs […]
US regulator grants crypto firms initial approval to launch trust banks
Crypto giants including Ripple and Circle on Friday received preliminary approval from a top banking regulator to establish national trust banks, in […]
Microsoft makes its biggest Asia move: $17.5B to transform India into an AI powerhouse.
Microsoft is betting big on India’s AI future. CEO Satya Nadella announced on Tuesday that the company will invest $17.5 billion over […]
Mexico approves up to 50% tariffs on China and other countries.
Mexican lawmakers have approved a package of new tariffs, impacting hundreds of products, many of which come from China. The measures, which […]
South African retail giant makes bold move into Europe with $570 million German retail acquisition.
South African retail giant Mr Price has announced a major expansion move with an agreement to acquire German-based value retailer NKD Group […]