Spot gold TVC:GOLD may extend gains to $4,283 per ounce after breaking key resistance at $4,174.The metal is presumed to be riding on a wave c, the third wave of an irregular flat from the June 25 low of $3,959. After travelling above its 161.8% projection level at $4,174, this wave is likely to ex…
A South Korean court ruled on Friday to scrap corporate rehabilitation proceedings for ailing retailer Homeplus owned by private equity firm MBK Partners.Homeplus has failed to raise about 200 billion won ($130 million) needed to execute the restructuring plan it had submitted at the end of 2025, t…
By Amanda StephensonCanada announced plans to build a new oil pipeline from Alberta to the Pacific coast, which would give the world's fourth-largest oil producer greater capacity to export to Asia and ease its reliance on the United States.Prime Minister Mark Carney made the announcement in Calgar…
Malaysian palm oil futures inched lower on Friday and are on track for a second weekly loss, weighed down by weaker rival Dalian oils, though firmer crude oil capped the decline.The benchmark palm oil contract (FCPOc3) for September delivery on the Bursa Malaysia Derivatives Exchange was down 14 ri…
Australia's PEXA Group ASX:PXA warned on Friday that a draft proposal to cut transaction fees in New South Wales would reduce its annual revenue, sending the property exchange platform operator's shares to a record low.The group said the proposal from the New South Wales Independent Pricing and Reg…
By Dharamraj DhutiaIndian gold loan financier IIFL Finance NSE:IIFL has accepted bids worth $300 million for a four-year social dollar bond, in its second such fundraise in less than a month, two merchant bankers said on Friday.The non-banking finance company will offer a yield of 7.75% to investor…
Here's a snapshot of Vietnamese dong exchange rates in the official and unofficial markets, indicative SJC gold prices in Hanoi and interbank offered rates at 02:52 GMT.NOTES: The State Bank of Vietnam sets the mid-point rate on a daily basis and allows dollar/dong transactions to move in a band of…
By Rocky SwiftJapan's Nikkei share gauge was volatile on Friday and headed for a weekly decline as investors weighed concerns around tech valuations against positive economic signals.The benchmark Nikkei 225 TVC:NI225 was up 0.74% at 69,243.68, as of the midday break, after sliding as much as 1.6…
By Pablo SinhaGold rose more than 1% on Friday and was headed for its first weekly gain in five, as investors dialled back expectations of Federal Reserve interest rate hikes following softer-than-expected U.S. jobs data.Spot gold TVC:GOLD was up 1.4% to $4,179.94 per ounce, as of 0235 GMT, rising…
By Dharamraj DhutiaIndian government bonds are expected to extend their upward momentum in early trading on Friday, after a weak U.S. jobs report eased fears of immediate rate hikes, while persistent foreign purchases further supported sentiment.The benchmark 6.94% 2036 bond yield (IN069436G=CC) is…
By Gregor Stuart HunterStocks rose during the Asian trading session on Friday after a lukewarm U.S. jobs report poured cold water on the prospect of an imminent rate hike from the Federal Reserve and regional activity gauges pointed to an economic expansion during June.After a shaky start, MSCI's b…
An earthquake of magnitude 6.2 struck Halmahera, Indonesia, on Friday, German Research Center for Geosciences (GFZ) said.The quake was at a depth of 127 km (78.91 miles), GFZ said.
By Jaspreet KalraThe Indian rupee is expected to open stronger on Friday and may snap a four-day losing streak, helped by a broadly weaker dollar after a tepid U.S. jobs report pushed back market expectations for imminent rate hikes by the Federal Reserve.The currency FX_IDC:USDINR is expected to o…
DBS Bank (China) Ltd, the mainland China unit of Singapore's DBS Group SGX:D05, plans to issue 2 billion yuan ($295 million) of onshore Tier 2 capital bonds, according to a term sheet on Tuesday.($1 = 6.7794 Chinese yuan)
U.S. oil NYMEX:CL1! may retest support at $67.34 per barrel, a break below which could trigger a decline into the $65.29-$66.35 range.The bounce triggered by the support is classified as a pullback toward a wedge. The downtrend remains intact and is expected to extend to $63.58, as indicated by a p…
Island Pharmaceuticals Ltd ASX:ILA:
Indian shares were set to extend gains on Friday after a softer U.S. jobs report eased worries about a near-term interest rate increase by the Federal Reserve and improved risk appetite for emerging markets.GIFT Nifty futures (GIFc1) were at 24,414, as of 7:43 a.m. IST, indicating the Nifty 50 NSE…
A South Korean court ruled on Friday to scrap corporate rehabilitation proceedings for ailing retailer Homeplus owned by private equity firm MBK Partners, a court official said.
Indian Energy Exchange Ltd NSE:IEX:
Australian miner BHP Group ASX:BHP has agreed to transfer its San Manuel property in Arizona to Faraday Copper Corp TSX:FDY in exchange for a 30% stake in the Canadian miner, as Faraday seeks to develop a copper hub around its adjacent Copper Creek project.Here are some details:
