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Finance & Markets

Cash Gold Market Booms in India as High Prices and Taxes Bite

Exorbitantly high gold prices and steep taxes are driving more Indian buyers into under-the-counter cash sales, where bullion and jewelry change hands without invoices that can be traced by authorities.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

Read the original at bloomberg.com →

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[Closing Market] KOSPI Slips Near 6,870 Amid Massive Foreign Selling

On Sept. 29, the domestic stock market closed with a downward trend, taking a direct hit from global unfavorable factors such as the surge in U.S.

  • KOSPI closed near 6,870 points, down 0.27% from previous day
  • Falling U.S. Treasury yields and high oil prices pressured market
  • Foreign investors sold 2.9 trillion won worth of securities

Highest ASM3 distribution in seven years proves effective governance – PM Anwar

THE income distribution of 5.00 sen per unit for Amanah Saham Malaysia 3 (ASM3) reflects Amanah Saham Nasional Berhad’s (ASNB) capability in effectively managing investment trusts.

  • ASM3 distribution hits highest in seven years at 5.00 sen per unit
  • Effective governance demonstrated despite global market challenges
  • Muslim unitholders receive estimated 4.87% return after zakat deductions

More from Tuesday 29 September →