Ray Dalio, founder of the world’s largest hedge fund by assets under management, says gold is poised to be a top investment, as the era of low interest rates and quantitative easing comes to an end.
Deutsche Bank on Sunday (July 7) announced one of the biggest overhauls of its investment bank since the financial crisis. The German lender will slash 18,000 jobs out of 74,000 around the world by 2022 and scrap its global equities sales and trading business in a bid to
For a hefty per-share premium of $57—or $3.7 billion in total, 275-year-old Sotheby's becomes the latest public company slipping into private hands.
Following months of talks, the Italian-American Fiat Chrysler Automobiles (CFA) unveiled its proposed €33bn merger with its French rival Renault, which would create the world’s third-largest automaker, with annual vehicle sales of 8.7 million.
Global growth slowed sharply in late 2018 and is now stabilising at a moderate level.
Emerging markets reeled under selling pressure on Monday (May 6) following a re-escalation in U.S.-China trade tensions as US President Donald Trump said on Sunday that Washington would hike tariffs on $200 billion worth of Chinese goods this week, with further tariffs on
Aramco, Saudi Arabia's national oil giant, was the most profitable company on the planet in 2018, posting a net profit of $111.1 billion but China's Sinopec continued to lead the world’s biggest oil and gas companies, generating $426bn in revenues.
In a time of extraordinary political volatility, something big is happening in the gold market and nowhere is that more apparent than in central banks.
Despite a decrease of volatility in many markets and positive performance of main stock indices, ongoing geopolitical tensions, US-China trade issues and the uncertainty created by Brexit continue to dampen investor enthusiasm, resulting in the number of IPOs in the first
Annual world economic growth is forecast to decelerate to 3.5% in 2019 and 2020, down from 3.7% in 2018, Euromonitor International said in its latest report titled “Global Economic Forecasts Q1 2019”.