In a turnaround that’s already taken it from one of the world’s biggest gold buyers to a top seller this year, Kazakhstan’s central bank is looking to cut the metal’s share to as low as half of its $34.5 billion reserves.
Singapore will study more equitable access to housing types for singles, the Straits Times reported, citing National Development Minister Desmond Lee.
Walmart Inc. paid $1.4 billion to buy Tiger Global’s stake in Flipkart, the Wall Street Journal reported, citing a letter by the New York hedge fund to investors.
A parliamentary committee raised doubts about the UK’s plan to finance Electricite de France SA’s Sizewell C nuclear power plant, saying protecting taxpayers should be a top priority.
On a sweat-laced evening in June, while much of Hong Kong dug into supper, two dozen students snaked their way past ginseng dispensaries and tailor shops to the third floor of an office tower to be schooled in finance’s hottest trend.The cohort was a white-collar jumble – some were private bankers with gym bags, others primly-dressed accountants. They’d come to study the ABCs of family offices – firms dedicated to managing enormous, secretive pools of generational wealth: from the perils of work
Traders buffeted by a swath of central-bank decisions last week are preparing for further volatility amid signs that a new era for monetary policy is emerging.
UK Prime Minister Rishi Sunak will outline plans to bolster energy security on a visit Monday to Scotland amid growing disagreement over the government’s broader environmental policies.
Chinese consumers cut back on spending on everything but travel and restaurants this month, contributing to sluggish revenue growth in the country’s key economic sectors as the economy’s recovery loses steam.
Chinese firms are lining up to invest in South Korea’s battery industry because they want to use it as a gateway to the US market, undermining the Biden administration’s efforts to limit China’s involvement in the electric car supply chain.
(Bloomberg) — Australia’s policy tightening campaign is approaching its final stages, with money markets and economists divided over the timing of the Reserve Bank’s likely last interest-rate increase in this cycle.
