Finance

Gold prices broke past US$3,800 (RM16,017) an ounce for the first time on Monday to hit a record high, as expectations of more US rate cuts and concerns about a potential government shutdown fuelled safe-haven demand amid heightened geopolitical uncertainty. Spot gold was […]

India’s foreign exchange reserves decreased by $396 million to $702.57 billion as on September 19, data released by the Reserve Bank of India (RBI) showed on Friday. The reserves had surged by $4.69 billion to $$702.9 billion for the week […]

Executive Co-Chair Robert Friedland and President and Chief Executive Officer Marna Cloete announce today a US$500 million investment from Qatar Investment Authority (QIA), the sovereign wealth fund of the State of Qatar. In accordance with the investment, Ivanhoe Mines will […]

Israel’s foreign exchange reserves at the end of August 2025 rose to $230.321 billion – a new record – an increase of $3.553 billion from their level at the end of July, the Bank of Israel reports. The level of […]

Gold edged up on Thursday, as softer-than-expected US producer price index (PPI) data reinforced already strong expectations for a US Federal Reserve interest rate cut next week, while investors awaited key consumer inflation data for further cues. Spot gold was […]

Merdeka Gold Resources—backed by Indonesian mining tycoons Garibaldi Thohir and Edwin Soeryadjaya—is raising as much as 4.8 trillion ($291 million) from its IPO. The company—which is developing the Pani gold mine in Gorontalo in the northern Indonesian island of Sulawesi—is offering up to […]

U.S. retail giant Walmart said on Tuesday it will launch its first Walmart-branded stores in South Africa this year, expanding its presence in the country where it already owns local retail group Massmart. While Walmart has operated in South Africa […]

The London-listed miner Anglo American has agreed to merge with its Canadian rival Teck Resources, in a deal that will create a $53bn (£39bn) global copper group after both companies saw off takeover attempts. The merger to form one of the biggest […]

Saudi Arabia’s National Debt Management Center has completed the issuance of a $5.5 billion (SR20.63 billion) international sukuk under the Kingdom’s Global Trust Certificate Issuance Program. The offering, the country’s first international sukuk based on an Ijarah structure, was issued […]

The discovery of rich gold veins in Morocco’s southern region of Guelmim has injected fresh momentum into the country’s mining sector and elevated its profile on the continental stage. Mining company OLAH Palace Trading confirmed the find, reporting significant gold deposits within […]