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  • Gold Prices Mixed, Copper Sinks On Weak China GDP Target

    Gold Prices Mixed, Copper Sinks On Weak China GDP Target0

    Gold prices were mixed on Monday amid some uncertainty over U.S. monetary policy, while copper prices retreated sharply as major importer China set a weaker-than-expected GDP target for 2023, undermining expectations of a strong recovery in demand. Bullion prices were aided by a drop in the dollar last week, breaking a five-week losing spree as

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  • Oil Prices Dip, But Eye Positive Week On Chinese Demand Bets

    Oil Prices Dip, But Eye Positive Week On Chinese Demand Bets0

    Oil prices fell slightly on Friday as traders weighed the prospect of more economic headwinds from rising interest rates, although renewed optimism over a rebound in Chinese demand put prices on course for strong weekly gains. Crude markets logged wild swings in recent sessions amid a series of mixed cues. While better-than-expected Chinese business activity

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  • Asia FX Muted Amid Fed jitters, Chinese Yuan Outperforms For The Week

    Asia FX Muted Amid Fed jitters, Chinese Yuan Outperforms For The Week0

    Most Asian currencies were muted on Friday amid growing concerns over the path of U.S. monetary policy, while the Chinese yuan was among the best performers this week on a string of strong economic readings. The yuan rose 0.1%, and was set to close the week nearly 0.8% higher. A private survey showed on Friday

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  • Merck KGaA Expects 2023 Profit to Slip As COVID Demand Wanes

    Merck KGaA Expects 2023 Profit to Slip As COVID Demand Wanes0

    Germany’s Merck KGaA on Thursday predicted 2023 earnings would slip due to a decline at its electronic chemicals unit and a drop in COVID-related demand for its lab supplies from drug and vaccine makers. For 2023 earnings before interest, taxes, depreciation and amortisation (EBITDA), adjusted for one-offs, the company “assumes a moderate decline to an

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  • SpaceX Ready To Retry Launching NASA’s Next Space Station Crew

    SpaceX Ready To Retry Launching NASA’s Next Space Station Crew0

    Elon Musk’s rocket company SpaceX was ready to try again at sending NASA’s next long-duration crew of the International Space Station to orbit on Thursday, about 72 hours after a first attempt was scrubbed due to a clogged filter in the launch system. Two NASA astronauts will be joined by a Russian cosmonaut and an

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  • Soils of War: The Toxic Legacy For Ukraine’s Breadbasket

    Soils of War: The Toxic Legacy For Ukraine’s Breadbasket0

    When Ukraine recaptured Kherson in November, Andrii Povod returned to find his grain farm in ruins. Two tractors were missing, most of the wheat was gone and all 11 buildings used to store crops and machinery had been bombed and burned. The farm bears the scars of Russian shelling and unexploded ordnance riddles the fields

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  • GM Cutting Hundreds of jobs to Reduce Costs

    GM Cutting Hundreds of jobs to Reduce Costs0

    General Motors Co is cutting hundreds of executive-level and salaried jobs as it looks to cut costs and streamline operations, a person briefed on the matter told Reuters on Tuesday. The global reductions are in the “low hundreds,” the person said. GM Chief People Officer Arden Hoffman said in a letter to employees on Tuesday

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  • Gold Prices Hover Above 2023 Lows As Fed Uncertainty Persists

    Gold Prices Hover Above 2023 Lows As Fed Uncertainty Persists0

    Gold prices kept to a tight range on Tuesday after recovering slightly from their weakest level this year, as concerns over rising interest rates and anticipation of key U.S. economic readings this week kept traders largely on the sidelines. The yellow metal marked four consecutive weeks of losses as hotter-than-expected U.S. inflation and signs of

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  • Oil Prices Rangebound As Markets Await China, U.S. Economic Cues

    Oil Prices Rangebound As Markets Await China, U.S. Economic Cues0

    Oil prices moved in a small range on Tuesday as traders awaited more cues from Chinese and U.S. business activity readings due this week, although fears of rising interest rates and slowing economic growth saw markers nursing steep losses. Crude markets cut short a three-day gaining spree on Monday as markets reassessed their outlook for

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