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The major averages slid for the fourth straight session on Thursday, dragged lower by a jump in Treasury yields and oil prices.
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Gold price (XAU/USD) tumbles to near $4,320 during the early Asian session on Friday. The precious metal faces some selling pressure after the US Producer Price Index (PPI) inflation data and rising…
Gold was on track for a third weekly decline, as surging oil prices and the latest US inflation report bolstered the case for the Federal Reserve to hike interest rates next week.
Oracle Corp. comfortably beat first-quarter expectations today, driven by strong growth in its cloud infrastructure business, and that boosted its stock by about 4% in late trading.
The Malaysian ringgit’s recent drop to a 10-month low against the Singapore dollar reflects a short-term market adjustment and Singapore’s strong currency policy rather than a deterioration in Malaysia’s economic fundamentals, analysts say.
Royal Holdings and RB Capital, controlled by billionaire father and son Raj Kumar and Kishin RK, are purchasing a mall along Singapore’s prime Orchard Road shopping belt for S$310 million (US$245.2 million).
The campaign to make Hollywood great again could leave Broadway out of the picture.
