Gold inches higher, but improved risk appetite caps gains

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Gold inches higher, but improved risk appetite caps gains

Gold prices edged higher on Monday as expectations of monetary policy easing by major central banks gathered momentum amid soft economic data, although an uptick in equities limited gains in the precious metal. Spot gold was up 0.2% at $1,509.45 per …
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Alibaba's Chief Talks Strategy and His Fondness for NBA 'Killer'

On Sept. 10, Daniel Zhang, a little-known former accountant, will take over the chairman’s role at Alibaba Group Holding Ltd. from Jack Ma, the country’s most famous businessman. A full story on him and his strategy is in this week’s Bloomberg Businessweek.
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A Group of States Led by Texas is Expected to Target Google in a New Antitrust Probe

(SAN FRANCISCO) — A group of states led by Texas is expected to announce an investigation into Google on Monday to examine whether the Silicon Valley tech giant has gotten too big and effective at stomping or acquiring rivals. The probe is the latest …
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Saudi Aramco lines up banks, eyes local listing this year: sources

DUBAI (Reuters) – Saudi Aramco is expected to give lead roles to JPMorgan, Morgan Stanley and National Commercial Bank for its planned initial public offering (IPO), a source familiar with the transaction said. FILE PHOTO: Logo of Saudi Aramco is seen at …
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Old Mutual accused of preventing Moyo from his duties

JOHANNESBURG – The lawyer representing embattled Old Mutual CEO Peter Moyo is accusing the insurer of preventing his client from performing his duties. On Friday, the South Gauteng High Court dismissed Old Mutual’s application to stop Moyo from …
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