An Hour Ago Gold prices soar to record high on hopes of Fed cut Gold prices extended their rally on Monday, scaling to a new record. The optimism was helped by U.S. interest rate cut expectations and bullion’s appeal as a safe haven asset. Spot gold added 1.32% to trade at $2,265.53 per ounce. U.S. … Read more
Today’s Breaking News Headlines (File Image) Click to Get New Update Over 600 lawyers have written a letter to the Chief Justice Of India raising serious concerns against the actions of a “vested interest group” aiming to undermine the judiciary. Ahead of the elections, the central government has announced a 3-10 per cent increase in … Read more
TOKYO (AP) — Asian shares were mostly lower on Friday despite upbeat news on the U.S. economy, with Japan’s benchmark falling after the latest data showed inflation has been slowing faster than expected. Tokyo’s Nikkei 225 declined 1.1% to 35,847.71 in morning trading as a key measure of inflation showed it slowed faster than expected … Read more
China has detained the head of an overseas consulting firm for allegedly spying on the Asian nation for the British government, putting renewed focus on an industry targeted by Beijing’s national security crackdown. China’s spy agency said Monday that the UK’s MI6 intelligence service employed the consultant from a “third country” to carry out espionage … Read more
TAIPEI—A Chinese investigation into purported lip syncing by a rock band from Taiwan is aimed at pressuring the band into supporting Beijing’s stance on the island and is part of a broad effort to interfere in its politics, Taiwanese officials said. Mayday, one of Taiwan’s most commercially successful rock bands, is under scrutiny from authorities … Read more
Representative image China on Friday announced new plans to restrict the online gaming industry, sending shares in tech giants including Tencent tumbling and wiping tens of billions of dollars off their value. New draft restrictions published online by the regulator are aimed at limiting in-game purchases and compulsive playing behaviour. Following the news, Tencent tanked … Read more
2 Hours Ago China’s manufacturing activity unexpectedly expands in November: Caixin survey Workers assemble mini excavators in a factory of heavy machinery in Suzhou in east China’s Jiangsu province on Oct. 23, 2023. Future Publishing | Future Publishing | Getty Images China’s manufacturing sector unexpectedly expanded in November, according to a survey by Caixin. The Caixin … Read more
An Hour Ago China official PMI unexpectedly weakens for a second straight month in November China’s factory activity shrank for a second straight month in November, signaling that the world’s second-largest economy is not yet out of the woods and may require more muscular policy support. The official manufacturing purchasing managers’ index fell slightly to … Read more
4 Hours Ago Major indexes head for best monthly performances this year Despite muted trading on Tuesday, the three major indexes are on track to post major monthly gains. The Dow is poised to finish the November trading month, which concludes with Thursday’s closing bell, 6.9% higher. That would amount to the best monthly performance … Read more
In recent developments, Thailand’s Civil Aviation Authority (CAAT) has reported that 10 Chinese airlines have canceled flights to six major airports in Thailand. The list includes Air China, China Eastern Airlines, Shanghai Airlines, Spring Airlines, China Southern Airlines, Shenzhen Airlines, Juneyao Airlines, Okay Airways, Hainan Airlines, and Capital Airlines. In December alone, the total number … Read more