Month: November 2019

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Gold demand rises as investors grow nervous – WGC

November 5, 2019 admin Comments Off on Gold demand rises as investors grow nervous – WGC

A slew of investment in gold-backed exchange traded funds (ETFs) offset a decline in purchases of jewellery, bars and coins to push global gold demand slightly higher in the third quarter, the World Gold Council (WGC) said on Tuesday. The world’s appetite for gold was 1,107.9 tonnes over July-September, 3% more than in the same period last year, the WGC said in its latest Gold Demand Trends report. “The continued surge into ETFs more than compensated for weaker demand elsewhere,” said the WGC’s head of market intelligence, Alistair Hewitt. …read more […]

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Samsung says to shut down U.S. CPU research division

November 5, 2019 admin Comments Off on Samsung says to shut down U.S. CPU research division

Samsung Electronics Co Ltd said on Tuesday it will shut down a CPU research division at one of its U.S. facilities, a move that analysts said dimmed prospects for the tech giant’s Exynos-branded mobile chips. Exynos mobile processor chips are considered a hallmark of the South Korean firm’s attempts to reduce its reliance on memory chips and increase sales of logic chips that are used to power mobile devices and autonomous vehicles. The decision to shut down the division, which will make some 300 jobs redundant, point to challenges Samsung faces in promoting Exynos chips, analysts said. …read more […]

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UPDATE 2-China c.bank cuts a key loan rate for 1st time since 2016 as growth slows

November 5, 2019 admin Comments Off on UPDATE 2-China c.bank cuts a key loan rate for 1st time since 2016 as growth slows

China’s central bank cut the interest rate on its medium-term lending facility (MLF) on Tuesday for the first time since early 2016, as policymakers work to prop up a slowing economy hit by weaker demand at home and abroad. With growth cooling faster than expected and nearing 30-year lows, a number of economists worry there is a risk that Chinese policymakers may be falling behind the curve by moving too cautiously. …read more […]

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UPDATE 1-Resurgent Boeing 737 MAX could trigger jet surplus, analyst warns

November 5, 2019 admin Comments Off on UPDATE 1-Resurgent Boeing 737 MAX could trigger jet surplus, analyst warns

Airlines struggling to cope with the grounding of the 737 MAX could face a markedly different problem when Boeing Co’s best-selling jet is cleared to re-enter service: a switch to concerns about aircraft oversupply, carriers have been warned. The U.S. planemaker has continued to produce the jet since it was grounded in March after two fatal accidents, and is expected to speed deliveries by 40%, to 70 units a month, when its factory doors reopen, in a bid to clear the backlog. …read more […]