Recent Posts

Gold rises on hopes for Fed rate cut in June, softer dollar

WORLD CAPITALS / WAM Gold prices rose on Monday as renewed bets that the US Federal Reserve would begin cutting interest rates in June and a softer dollar lifted bullion’s appeal, Reuters said. Spot gold was up 0.4% at $2,172.09 per ounce, as of 0350 GMT. Also, US gold futures climbed 0.6% to $2,173.40 per ounce. Spot silver gained 0.2% ...

Read More »

Asian shares trade mixed as investors await indications on Fed’s decision

TOKYO / WAM/ AP Asian shares were trading mixed on Monday, as investors awaited further indications the Federal Reserve might begin cutting interest rates. Japan’s Nikkei 225 shed 0.7 percent to 40,619.40, as investors sold shares to lock in profits after the benchmark recently hit record highs. Hong Kong’s Hang Seng climbed 0.5 percent to 16,584.22, while the Shanghai Composite ...

Read More »

Alibaba Cloud opens training centre in Dubai Internet City

DUBAI / WAM Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, unveiled the MEA region’s Alibaba Cloud Academy Training Centre today, which will serve as a hub for customers and partners to elevate their digital competence. Located in Dubai Internet City, a global tech ecosystem part of TECOM Group PJSC, the training centre is designed to empower ...

Read More »
Send this to a friend