The United States on Tuesday accused companies in the United Arab Emirates, the Central African Republic and Russia of engaging in illicit gold deals to help fund the mercenary fighters of Russia's Wagner Group. The U.S. Treasury Department said in a statement it has sanctioned four companies...
The European stock markets closed mixed in Friday trading as The Stoxx Europe 600 was down 0.11%, the Swiss Market Index was up 0.59%, France's CAC was off 0.01%, the FTSE in London rose 0.24%, and Germany's DAX closed 0.53% lower. In the UK, retail sales volumes were flat in March after rising...
Retail sales were flat last month in the U.K., limiting the boost to wider economic growth at the start of the year. Total sales volumes were no higher in March than in February, according to figures released Friday by the Office for National Statistics. This was a weaker reading than had been...
Gold prices chugged along for much last week, trading between $2,300 and $2,360 through Wednesday, shaking off hotter-than-expected CPI and lulling market participants into a false sense of stability. Then, late Thursday, the rollercoaster began to ratchet back up, with spot gold hitting a new...
West Texas Intermediate (WTI) crude oil closed higher on Friday as the geopolitical risk premium rose after Israel launched a retaliatory attack on Iran, but one that caused little damage. WTI crude oil for May delivery closed up US$0.41 to settle at US$83.14 per barrel, the lowest since late...
British inflation is broadly declining in line with the Bank of England's forecasts, and next month's numbers look on track for a sharp drop towards the central bank's 2% target, Governor Andrew Bailey said on Wednesday. "We're actually pretty much on track for where we thought we would be,"...