Gold players keep faith despite trade truce-induced correction
By Brijesh Patel (Reuters) – Gold prices have fallen almost 10% from a record high just above $3,500 per ounce…
Category: Economy
Goldman Sachs lowers oil price forecast after OPEC+ decision to boost output
(Reuters) – Goldman Sachs reduced its oil price forecast following decisions by the Organization of the Petroleum Exporting Countries and…
Nigeria sells dollars to support currency after Trump tariffs shock
ABUJA (Reuters) – Nigeria’s central bank has sold nearly $200 million to support the naira currency after President Donald Trump’s…
China bonds drop as expectations of imminent rate cuts fade
SHANGHAI (Reuters) – Chinese government bonds fell on Monday and 10-year yields climbed to three-month highs after comments from the…
Sirius XM beats quarterly revenue estimates on steady sports livestreaming demand
(Reuters) – Audio company Sirius XM exceeded fourth-quarter revenue estimates on Thursday, driven by steady demand for its live sports…
Copper giant Peru foresees another production plateau in 2025
By Marco Aquino LIMA (Reuters) -Peruvian copper production is expected to remain flat in 2025 for the third straight year,…
Advance Auto Parts to close stores, cut jobs amid sluggish demand
(Reuters) – Advance Auto Parts said on Thursday it will close about 500 stores by mid-2025 and cut some jobs…
KinderCare valued at about $3.1 billion as shares jump in strong NYSE debut
(Reuters) -Partners Group-backed KinderCare Learning Companies notched a market valuation of about $3.1 billion after its shares opened 12.5% above…
Texas Stock Exchange moves closer to launch with leadership team, board
By Laura Matthews and Suzanne McGee NEW YORK (Reuters) – The Texas Stock Exchange, which is planning to launch next…
Ukraine forex reserves rise to $42.3 billion as of Sept 1
(Reuters) -Ukraine’s foreign currency reserves were up to $42.3 billion as of Sept. 1, the central bank said on Friday.…