Gold set for fresh highs ahead of Fed rate decision — analysts see prices at $3,000 by next year
Gold prices have reached multiple highs this year, with more to come as the next U.S. Federal Reserve meeting draws closer.
U.S., China sign agreement to cooperate on financial stability
The U.S. and China last week signed agreements for cooperating on financial stability, according to a People’s Bank of China readout Monday.
CNBC Daily Open: Wall Street’s ‘dress rehearsal’
Markets were reassured that Japan’s central bank will not raise rates in a volatile environment and that the U.S. economy isn’t on the verge of a recession.
European markets close higher, extending positive momentum
European stocks extended positive momentum at the start of the new trading week, after global markets rallied last week.
Philippines detects first mpox case this year, yet to determine strain
A new form of the virus has triggered global concern as it seems to spread easily though routine close contact.
Westpac posts steady third-quarter profit, helped by higher capital earnings
Westpac Banking Corp beat Q3 profit forecasts, improved net interest margin, and hit a six-year share peak on better cost controls and fewer bad loans.
China blames Philippines after Coast Guard vessels collide, warns it to stop ‘provocation’
The Chinese Coast Guard accused Philippine vessels of “illegally” intruding and colliding with one of their boats in waters near the Sabina Shoal on Monday.
Thai growth quickens in second quarter on higher consumption, tourism
Thailand’s economic growth strengthened in the second quarter due to higher consumption, tourism and exports, official data showed on Monday.
Japan, Tokyo governments target $4.7 billion valuation for Tokyo Metro in IPO, Reuters reports
Japan’s national and Tokyo governments aim for a 700 billion yen valuation for Tokyo Metro’s IPO by late October, the largest in nearly six years, sources say.
In major policy shift, Singapore announces unemployment support scheme
The scheme will give laid off workers up to SG$6000 (USD$4,561) per month for six months, subject to conditions.
