Price Surge Spells ‘Hell’ for India Gold Sales as Demand Wanes
Jewelers in India, the top consumer after China, are facing a bleak outlook as record high prices and fading demand threaten to drag annual gold sales to the lowest in three years.
Australia’s central bank is ready to cut interest-rates further if a buildup of evidence suggests this would boost the economy, and said it reviewed global experience with unconventional steps when policy makers met two weeks ago.
HNA Group Co. repaid a dollar-denominated bond on Monday amid a report China’s provincial government offered to help the debt-laden conglomerate repay its offshore creditors.
Donald Trump has blamed the stubbornly strong dollar on the Federal Reserve’s reluctance to slash interest rates further. But real yields suggest investors fearful of the president’s trade war are what’s keeping the greenback strong.
Singapore has been moving forward on its aim to be the lead broker of infrastructure projects in Southeast Asia, and is intent on getting the private sector more involved.