Gold Prices Steadied Above A Major Support Level On Monday As Growing Risks Of An Economic Recession Spurred Some Safe Haven Demand For The Yellow Metal. Prices also recovered marginally from a bruising September, where they dropped 3%. Bullion prices marked their worst quarter since March 2021 with a 7.5% drop Spot gold rose 0.2% to $1,663.99 an ounce, while gold futures were flat around $1,672 an ounce by 20:31 ET (00:31 GMT). Prices of…
The U.K. government is preparing to introduce legislation that would force British companies to report attempted takeovers that could give rise to security risks, The reporter said. Company directors that fail to observe the rules could face fines, disqualification, or jail, the newspaper said, without saying where it obtained the information. Prime Minister Boris Johnson also wants academic partnerships and research projects to be included under the rules, reflecting his concern that the country’s cash-strapped…
"U.K. May Tighten Takeover Laws to Curb Foreign Influence" The euro held big gains on Friday after the European Central Bank expanded its stimulus more than expected to prop up an economy dealing with its worst recession since World War Two. The euro’s gains helped support appetite for riskier currencies in Asia with the Australian dollar holding gains and the Hong Kong dollar higher. The ECB increased its emergency bond purchase scheme by 600 billion euros, more than 500 billion expected by markets, to…
"Euro’s gains support Asian currencies after ECB stimulus" The dollar fell against most Asian currencies on Wednesday as prospects of more government stimulus and a global economic recovery emboldened investors to step up holdings of riskier assets. The Australian dollar hit a five-month high against the dollar, as funds headed toward economies that are seen to be recovering the fastest from the coronavirus pandemic. The Aussie, which has benefited from signs its economic downturn may be less severe than initially feared, could get an…
"Dollar falls as focus shifts to recovery prospects" Japan will call for an early elimination of automobile and auto parts tariffs in negotiations on a post-Brexit trade agreement with Britain, the country’s trade minister said on Tuesday. After decades outsourcing its trade policy to the European Union, Britain is embarking on negotiating free trade deals with countries around the world including Japan. “In the negotiations, we hope to urge (Britain) to bring forward the period for which tariffs will be removed mainly for…
"Japan to push for early scrapping of UK auto tariffs in trade talks"
