No matching items found
SHOWING 62 Results
Spot gold was up 0.7% at $1,888.84 per ounce by 06:18 GMT, after earlier hitting a one-week high of $1,900.04. US gold futures gained 0.5% to $1,893.20.
Asian shares rose on Wednesday after a strong lead from Wall Street fuelled by hopes for additional U.S. economic stimulus and a coronavirus vaccine, but trade was choppy as some investors booked profits.
Spot gold prices rose 0.2% to $1,841.93 per ounce by 0554 GMT, while US gold futures were up 0.2% at $1,844.20.
Top congressional lawmakers struck a late-night agreement on the last major obstacle to a COVID-19 economic relief package costing nearly $1 trillion, clearing the way for votes as early as Sunday.
Prime Minister Shinzo Abe’s cabinet approved a new $1.1tr stimulus package that includes significant direct spending, to stop the coronavirus pandemic pushing the world’s third-largest economy deeper into recession.
French President Emmanuel Macron announced an 8 billion euro ($8.8 billion) plan to make France the top producer of clean energy vehicles in Europe and urged French carmakers to make vehicles in their own country.
The package forms part of Ras Al Khaimah’s continuous efforts to help private-sector companies face the challenges presented by the current coronavirus pandemic and to ensure continuity of business in all sectors.
The German government and Lufthansa, which has been hit hard by the coronavirus pandemic, have reached a preliminary deal on a 9 billion euro ($9.8 billion) bailout.
Khalifa Industrial Zone Abu Dhabi has announced new packages with up to 36 per cent savings as relief for Freezone businesses, and support SMEs challenged by the global economic slowdown.
The Bank of England (BoE) held off from further stimulus measures on Thursday but said it was ready to take more action to counter the country’s biggest economic slump in over 300 years, caused by the coronavirus lockdown.