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Gold prices hit record highs on safe-haven demand
GOLD prices scaled to a record high on Friday as geopolitical tensions continued to boost demand for the safe-haven metal, while strong economic data failed to dampen bullion’s allure. Spot…
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China ramps up yuan support as fixing tops estimates by record
CHINA signalled continued support for its currency as broad strength in the US dollar kept the yuan close to a policy no-go area. The People’s Bank of China (PBOC) on…
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US accounting watchdog hits KPMG affiliate with record penalty over exam cheating
THE US accounting watchdog on Wednesday (Apr 10) said it has hit KPMG Netherlands with a US$25 million civil penalty, a record for the regulator, in response to “egregious” and…
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Record Remittances Provide Lifeline In Central America
Money sent home by migrants in the United States to Central America has risen to record levels, providing a lifeline for many of their relatives like Salvadoran mother of three…
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Gold hits record high on buying momentum, geopolitical risks
GOLD extended its record run on Tuesday (Apr 9) fuelled by buying momentum and geopolitical risks, while the spotlight shifted to the Federal Reserve’s policy meeting minutes and US inflation…
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US power use forecast to reach record highs in 2024 and 2025
US power consumption will rise to record highs in 2024 and 2025, the US Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on Tuesday (Apr 9).…
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March Saw 10th Straight Month Of Record Global Heat: Monitor
Europe’s climate monitor said Tuesday that March was the hottest on record and the tenth straight month of historic heat, with sea surface temperatures also hitting a “shocking” new high.…
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Gold climbs to new record before pivotal US inflation print
GOLD drove higher to a fresh record above US$2,350 an ounce as investors shifted focus to a key US inflation reading later this week, while geopolitical risks also added to…
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Biggest gold miners are missing out on bullion’s record run
THE world’s biggest gold miners are at risk of missing out on the metal’s record run after spending billions of dollars to become the obvious home for bullion-focused investors. Despite…
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Gold takes breather after record run ahead of US jobs data
GOLD prices hit a pause on Friday (Apr 5) after scaling to historic highs in the previous session on expectations of lower US interest rates this year, while traders await…
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Volvo Cars posts record March sales
VOLVO Cars’ sales rose 25 per cent in March from a year earlier to 78,970 cars, reaching an all-time high for global sales in a single month, the Sweden-based group…
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Gold extends record rally on safe-haven appeal, weaker US dollar
GOLD prices extended their record rally on Wednesday (Apr 3), buoyed by a weaker US dollar and safe-haven demand from escalating tensions in the Middle East, while investors looked forward…
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Dyna-Mac order book swells to record S$896 million
OFFSHORE oil and gas contractor Dyna-Mac achieved a record S$896 million net order book with new contract wins. The project deliveries stretch to 2026, said the group on Wednesday (Apr 3).…
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US home insurance premiums may hit a record this year
US HOME insurance rates are expected to reach a record high this year, with the biggest increases occurring in states prone to severe weather events, according to a new analysis. …
Gold prices touch record high after Powell’s comments
GOLD surged to a record high on Thursday (Apr 4), as Federal Reserve chair Jerome Powell underlined that recent job gains and higher-than-expected inflation readings do not significantly alter the…