AJ Impact

Gold surges past $2,000 an ounce for the first time

Speculation that Democrats and Republicans are getting closer to a new US stimulus deal adds more heat to gold's rally.

Gold surges past $2,000 an ounce for the first time

AJ Impact

Cash crunch sends Turkish lira offshore borrowing rate to 1,000%

The overnight swaps rate was the highest since March 2019.

Cash crunch sends Turkish lira offshore borrowing rate to 1,000%

AJ Impact

Move over Aramco, Apple is now world's most valuable company

Apple jumped 10 percent on Friday, ending the day with a record market capitalisation of $1.817 trillion.

Move over Aramco, Apple is now world's most valuable company

AJ Impact

Indian families hoarding gold borrow against precious metal rally

World Gold Council estimates that Indian households are sitting on a $1.5 trillion hoard of gold - biggest of its kind.

Indian families hoarding gold borrow against precious metal rally

AJ Impact

McDonald's sales improve but it faces a rocky recovery

Stores with drive-through windows are recovering faster than those in urban centres, malls and tourist locations.

McDonald's sales improve but it faces a rocky recovery

AJ Impact

Kuwait's sovereign wealth fund sues London boss over UK bonuses

Kuwait Investment Authority alledges that three former London managers 'blew the whole budget' on raises and bonuses.

Kuwait's sovereign wealth fund sues London boss over UK bonuses

AJ Impact

Gold surges to $2,000 record on dollar weakness, US-China woes

Investors bet the US Federal Reserve will continue with measures to stimulate the economy, likely weakening the dollar.

Gold surges to $2,000 record on dollar weakness, US-China woes

AJ Impact

Gold rush: Precious metal surges to record on US-China concerns

Also, surging coronavirus cases dent rapid economic recovery hopes, making safe-haven assets like gold more attractive.

Gold rush: Precious metal surges to record on US-China concerns

AJ Impact

India's Mukesh Ambani cracks top 5 list of global richest

This week, Reliance Industries chairman Mukesh Ambani became the world's fifth wealthiest person with $81bn fortune.

 India's Mukesh Ambani cracks top 5 list of global richest

AJ Impact

Global shares fall sharply on renewed US economic worries

US jobless claims rose last week for first time in nearly four months, raising concerns for Asia's export-led economies.

Global shares fall sharply on renewed US economic worries

AJ Impact

Twitter shares rise on highest-ever yearly growth in daily users

Twitter credits rise in users to lockdowns and increased conversations around coronavirus pandemic.

Twitter shares rise on highest-ever yearly growth in daily users

AJ Impact

As Tesla extends profit streak, it's a wide open road to S&P 500

Musk's electric car maker has posted profits for four straight quarters, paving the way for stock's S&P 500 inclusion.

As Tesla extends profit streak, it's a wide open road to S&P 500

AJ Impact

S&P is positive for the year, but most stocks miss out on rally

Tech giants account for 23 percent of index's market capitalization - the highest on record, says Goldman.

S&P is positive for the year, but most stocks miss out on rally

AJ Impact

US tech stock bonanza draws in mom-and-pop traders from India

Amateur investors gravitate towards the stock market during pandemic lockdowns, driving a surge in new trading accounts.

US tech stock bonanza draws in mom-and-pop traders from India

AJ Impact

Conflict gold: Rights group highlights possible monitoring lapses

Global Witness accuses top Swiss refiner Valcambi of buying gold that originated in Sudan, as prices soar.

Conflict gold: Rights group highlights possible monitoring lapses