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French economy grows faster as investment jumps

  Bloomberg The French economy grew faster than originally estimated in the first quarter, lifted by improving corporate investment. Growth accelerated to 0.6 percent, instead of the 0.5 percent estimated on April 29, France’s statistics office Insee said on Monday. That compares with a 0.4 percent increase in gross domestic product in the previous quarter. The economy expanded 1.4 percent ...

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Noble Group’s CEO quits as more assets put up for sale

  Bloomberg Noble Group Ltd. said Yusuf Alireza resigned as chief executive officer and announced a plan to sell a business that less than a month ago Alireza himself described as a core asset the trading company wanted to keep. Alireza, 45, decided “the time was right” to leave after shifting the trader toward an asset-light model, selling its agriculture ...

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Fed fusillade sends gold to $100 loss this month

  Bloomberg Gold’s on the ropes. Bullion broke below $1,200 an ounce on Monday after losing more than $100 in less than a month as Federal Reserve policy makers land punch after punch by talking up the prospects for a U.S. interest rate rise and reinvigorating the dollar. Bullion for immediate delivery lost as much as 1 percent to $1,199.80 ...

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