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One-cent gold lures Indians in bid to boost demand

Bloomberg Indians are buying gold for as little as 1 cent as retailers offer online sales in bite-sized portions to prop up shrinking demand in the world’s second-biggest consumer. Demand for gold is falling, partly as a result of government measures, higher local prices and the metal’s fading appeal among more youthful customers. That’s forcing jewellers to adapt online purchases ...

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GE sees risks in 2019 as power business marks ‘ground zero’

Bloomberg General Electric Co is set to close out one of its worst years since the financial crisis, and 2019 may be another precarious one. The challenges are many and over the next few months, new Chief Executive Larry Culp will have to revamp GE’s power business, sort out liquidity problems arising from cash flow shortages and soaring financial liabilities, ...

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Google to invest over $1bn in New York expansion

Bloomberg Google will invest more than $1 billion to expand its New York City presence, the search giant said in a blog post. The Alphabet Inc division said it had reached lease agreements at 315 and 345 Hudson St. and signed a letter of intent at 550 Washington St. to make up the new 1.7 million-square-foot (158,000-square-meter) campus, to be ...

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