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Spot gold was up 0.2% at $1,818.23 per ounce by 0510 GMT after hitting its highest since September 2011 on Monday. U.S. gold futures rose 0.2% to $1,821.10. European Union leaders reached a deal on a massive stimulus plan for their coronavirus-blighted economies after a fractious summit that went through the night and into its fifth day....
Spot gold gained 0.4% $1,823.29 per ounce by 0958 GMT after hitting its highest since September 2011. U.S. gold futures rose 0.5% to $1,825.50. "Gold is deriving strength from a broadly weaker dollar despite the improving market mood," said FXTM analyst Lukman Otunuga....
Jul.20 -- Joni Teves, precious metals strategist at UBS Investment Bank, discusses the outlook for gold and silver. Both metals have surged this year as the coronavirus pandemic roiled the global economy, spurring sustained demand for havens even as some lockdowns were eased. Teves speaks with Haslinda Amin and Rishaad Salamat on "Bloomberg Markets: Asia."...
Southeast Asian low-cost carriers, a key growth engine for planemakers and leasing companies for a decade before the pandemic, are faltering financially as demand plunges, raising questions over whether they can replace and double their fleets. Auditors for Malaysia's AirAsia Group Bhd and Vietnam's VietJet Aviation JSC are concerned about cashflows and funding, while Indonesia's Lion Air has put the brakes on a planned flotation....
How aftermarket companies have kept fleets on the road through COVID-19 shutdowns, despite having to reconfigure their operations. ...
(Bloomberg) -- Microsoft Corp. President Brad Smith raised concerns to U.S. lawmakers about what the company regards as Apple Inc.’s anti-competitive behavior around its app store, according to a person familiar with the matter.Smith, who is also chief legal officer, was invited by the House of Representatives’s antitrust subcommittee to share his experiences around Microsoft’s own antitrust battle with the U.S. government in the late 1990s. During the conversation, which occurred weeks ago, he discussed the company’s issue with Apple, said the person, who asked not to be identified because the discussion was private.The House Judiciary Antitrust Subcommittee will hold a hearing with the CEOs of Apple, Amazon.com Inc., Facebook Inc. and Google-parent Alphabet Inc. on July 27. A Microsoft spokesperson declined to comment Monday.Smith said last month that regulators should examine app store rules, which he called a far higher barrier to fair competition than Microsoft’s Windows operating software when...
IBM has jettisoned some of its legacy business to focus on the high-margin cloud computing business, an area that has seen a lot of action in recent years as companies ramp up their digital shift to boost efficiency. Revenue from the cloud business, previously headed by Krishna, rose 30% to $6.3 billion in the second quarter....
