Spot gold rose 1.7% to stand at $1,577.98 per ounce by 0409 GMT. U.S. gold futures gained 1.8% to $1,580.30. “The geopolitics is taking center-stage,” said Benjamin Lu, an analyst at Phillip Futures. …read more […]
Investors are more upbeat on companies that produce the computer chips, parts that enable electrification, and metals. …read more […]
(Bloomberg) — After ousting his protege-turned-foe from the helm of Tata Sons Pvt. in a boardroom coup three years ago, Ratan Tata was looking forward to a partial retirement. Instead, he’s fighting the battle all over again — this time in a court.India’s Supreme Court is expected to hear as early as this week an appeal by the $111-billion conglomerate to quash a panel’s order that directed the Tata group to rehire the man it fired as chairman. The tycoon, 82, is personally leading the charge in the case, and filed a separate petition challenging the ruling.In a severe blow …read more […]
Jan.05 — The fallout from the Carlos Ghosn and his dramatic escape from Japan should become clearer this week when Ghosn gives a statement this week. Also, the government announced new measures to tighten immigration since Ghosn’s escape. Bloomberg’s Dave McCombs reports on “Bloomberg Markets: Asia.” …read more […]
Japan on Monday said it could still press Lebanon to extradite Carlos Ghosn, after the former Nissan Motor boss skipped bail to become a fugitive in a country that normally does not extradite its nationals.
South Korean restaurant owners expressed concern on Monday over food delivery giant Delivery Hero’s proposed $4 billion acquisition of its local rival, saying the move could undermine competition and lead to higher fees.
(Bloomberg) — The Golden Globes lived up to their reputation as Hollywood’s most unpredictable awards show.“1917,” a World War I epic from director Sam Mendes and Universal Pictures, won the prize for best drama Sunday from the Hollywood Foreign Press Association, inserting itself into an Oscar race just ahead of its wide release in theaters. Mendes also took home the prize for best director.“1917” beat out four other movies, including three contenders from Netflix Inc.: “The Irishman,” “Marriage Story” and “The Two Popes.” Netflix won just two prizes on the night, one for its TV show “The Crown” and another …read more […]
Jan.05 — Oil is rising in the wake of escalating Middle East tensions. Bloomberg’s Stephen Stapczynski speaks with Haslinda Amin on “Bloomberg Markets: Asia.” …read more […]
Jan.05 — Authorities in Australia are counting the costs of the devastating bushfires after one of the worst weekends in the crisis so far. Hundreds of properties were destroyed across the country’s Southeast as the searing temperatures and strong winds fan the flames. Bloomberg’s Ed Johnson reports on “Bloomberg Markets: Asia.” …read more […]
Jan.05 — Michael Every, head of Asia financial markets at Rabobank, discusses his outlook for emerging markets and where he’s finding value. He speaks on “Bloomberg Markets: Asia.” …read more […]
Jan.05 — The fallout from last week’s killing of a top Iranian military commander by the U.S. is widening. Lawmakers in Iraq have voted to expel American troops and Iran says it will no longer abide by the nuclear deal reached with major powers in 2015. Bloomberg’s Derek Wallbank reports on “Bloomberg Markets: Asia.” …read more […]
The external fund manager backed by Berkshire Hathaway’s Charlie Munger, Li Lu, makes no bones about it when he says… …read more […]
Jan.05 — Former Nissan Chairman Carlos Ghosn is said to be holding a news conference in Beirut on Wednesday. Bloomberg’s Angus Whitley reports on “Bloomberg Daybreak: Asia.” …read more […]
A gauge of Asian shares was toppled from an 18-month top on Monday as heightened Middle East tensions sent investors scurrying for the safety of gold, which hit a near seven-year high while oil jumped to four-month peaks. The United States detected a heightened state of alert by Iran’s missile forces, as President Donald Trump warned the U.S. would strike back, “perhaps in a disproportionate manner,” if Iran attacked any American person or target. Oil prices added to their gains on fears any conflict in the region could disrupt global supplies. …read more […]
Oil prices shot more than 2% higher on Monday, with Brent rising above $70 a barrel, after U.S. President Donald Trump issued a threat to impose sanctions on Iraq amid escalating tensions with Iran in the Middle East. The gains extended Friday’s more-than-3% surge after a U.S. air strike in Iraq killed top Iranian commander Qassem Soleimani on Friday. The killing has heightened concerns of a widening Middle East conflict that could disrupt oil supplies from a region that accounts for nearly half of the world’s oil production. …read more […]
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