Business

Gold hit a near twoweek high on Tuesday as the dollar weakened and investors turned their focus to a U.S. Federal Reserve monetary policy meeting, seeking details of how it planned to hold down rates while aiming to boost inflation.

Federal Reserve policymakers will meet this week for the first time since they significantly revised the Fed's operating framework in ways that will likely keep shortterm interest rates near zero for years to come.

Stocks that moved heavily or traded substantially Monday:

Delta Air Lines said on Monday it is seeking to raise $6.5 billion through new bonds and loans backed by its SkyMiles loyalty program, further bolstering liquidity to weather a drastic downturn in travel demand due to the COVID19 pandemic.

Asian bonds recorded a third straight month of net foreign inflows in July, but buying slowed due to an escalation in SinoU.S. tensions and the worsening pandemic situation in some areas.

Gold prices rose on Monday supported by a weaker dollar, while investors looked forward to the U.S. Federal Reserve policy meeting later this week for more cues on stimulus measures and inflation target.

Australia's Macquarie Group Ltd warned its first half profit will fall by around 35% as the coronavirus pandemic shreds economies around the world, a rare downgrade from the financial powerhouse that pushed its shares lower on Monday.

Japan's manufacturers remained pessimistic for the 14th straight month in September, and though the gloom eased somewhat the broad results of the Reuters Tankan survey pointed to a painfully slow recovery for the coronavirusstricken economy.

Two senior Boeing Co executives who oversaw the development of the 737 MAX defended the company's decisions on a key cockpit system later tied to two fatal crashes, according to testimony before congressional investigators seen by Reuters.

The price for the yellow metal has gone up by Rs 1 per gram in India. For today, September 12, the gold price for 1 gram of 22 carat purity stand at Rs 4946, while 24 carats of 1 gram will cost a buyer Rs 5046 on Saturday.

Oil prices were little changed on Friday as equities markets eased in volatile trade and crude remained on track for a second weekly drop as investors expected a global glut to persist if demand weakens further with rising COVID19 cases in some countries.

President Donald Trump's allies in Iowa launched a pressure campaign seeking his support for the ethanol industry in recent weeks, ultimately leading to his decision this week to gut a program granting waivers to oil refineries from biofuel requirements,...

Britain secured its first big postBrexit trade deal on Friday, an agreement with Japan which it hailed as "historic" as it struggles to agree on trade with its closest trading partners in the European Union.

Demand for liquefied natural gas (LNG) is set to increase steadily for several decades helped by economic growth in Asia, industry executives told the Gastech summit this week, with the COVID19 pandemic seen as only a shortterm setback.

Share markets struggled globally on Friday in a shadow cast by overnight falls in U.S. big tech shares, as well as doubts about the prospects for a U.S. stimulus after the Senate rejected a Republican bill.

Rio Tinto parted ways with its CEO and two senior executives on Friday, bowing to mounting shareholder criticism of the destruction of two significant Aboriginal rockshelters and the global miner's limited initial response.