Record Gold Prices in India Slow Buying in Second-Biggest Market
Gold prices in India have soared to the highest ever, damping the outlook for demand in the world’s second-biggest consumer.
Bloomberg Business
HSBC Activist Investor Lobbies Shareholders Ahead of Meeting
An HSBC Holdings Plc shareholder in Hong Kong is lobbying institutional shareholders to vote in favor of a proposal to restructure the lender’s business at its annual general meeting on May 5.
US-China Tensions Amplify Global Trade Shifts, Shipping CEO Says
Political tensions between the US and China are contributing to lower container shipments between the world’s two largest economies, on top of an already-underway reshaping of global trade, according to a major shipping industry boss.
Drone Firm Aerodyne to Pick Citigroup for Funding Round, Sources Say
Aerodyne Group, a Malaysian drone services company, has picked Citigroup Inc. for a funding round ahead of its planned initial public offering, according to people familiar with the matter.
Chile’s New Lithium Plan to Scare Off Investors, Friedland Says
The Chilean government’s plan to demand a controlling stake in all future lithium projects will deter investment and risks stalling the clean energy transition, according to Canadian mining billionaire Robert Friedland.
Russia’s War Puts Focus on Huge Korean Artillery Stockpiles
Half a world away from the front line of Russia’s war in Ukraine there’s a stockpile of probably more than a million artillery shells on the Korean peninsula — a hoard that’s drawing attention as South Korea’s leader heads to Washington.
BOJ’s Ueda Signals Sticking With Stimulus Ahead of First Meeting
Bank of Japan Governor Kazuo Ueda indicated he saw little need to alter its monetary stimulus ahead of his first policy meeting as the bank’s chief, forecasting underlying inflation to weaken.
Dubai Plot of Sand Sells for $34 Million in Luxury Island Record
The seller, British fashion entrepreneur Umar Kamani, made a 242% profit in two years by just sitting on the property.
First Real-World Study Showed Generative AI Boosted Worker Productivity by 14%
The study found the lowest-skilled customer-service workers reaped the greatest benefits when AI was rolled out at a Fortune 500 software firm over the course of a year.
UK Banks Look to Prove Their Resilience After March Turmoil
Shares in British lenders gave up much of their 2023 gains in the recent upheaval that saw HSBC Holdings Plc rescue Silicon Valley Bank’s UK unit shortly before Credit Suisse Group AG was swallowed by UBS Group AG. Their first-quarter results will be scoured for signs of how the sector weathered the recent turmoil.
