Gold held near a two-month low on Friday and was headed for its worst week in five, hurt by strong U.S. economic data and fears that the Federal Reserve could hike interest rates sooner than expected.
Industry
Foresight wins Goldman big role in China's preferred shares deals
As Chinese banks prepare to raise $55 billion in the country's first preferred share offers, foreign investment banks with experience in structuring such deals are ready to pounce on a potential $275 million in underwriting fees.
Germany gives nod to RWE unit sale to Russian investor: sources
Germany's economy ministry will approve the sale of utility RWE's (RWEG.DE) oil and gas unit DEA to a Russian investor despite tensions between Russia and the West over the Ukraine crisis, two people familiar with the matter said.
JPMorgan customers targeted in email phishing campaign
Fraudsters are targeting JPMorgan Chase & Co customers in an email "phishing" campaign that is unusual because it attempts to collect credentials for that bank and also infect PCs with a virus that steals passwords from other institutions.
Gap raises forecast; to open 40 stores in India
Apparel retailer Gap Inc raised its full-year profit forecast, encouraged by strong sales of its lower-priced Old Navy clothes, and said it would open 40 stores in India as part of its strategy to expand in emerging markets.
Latest News
An index of Asian shares neared a six-and-half-year peak on Friday and was poised for a weekly gain, after upbeat U.S. economic data sparked another record close on Wall Street.
Samsung Galaxy Note 3 Neo owners in India can now get the official Android 4.4.2 Kitkat update to their device by checking Samsung Kies or through the software update functionality in their handsets. Rooted phones can also download the update and install via Odin.
The 2015 Jeep Renegade will come in December, and is promised to be the smallest SUV in the market that's loaded with plentiful features.
Americans resold their homes in July at the fastest pace in almost a year, a sign the housing market was gaining steam again after a year-long slump.
San Francisco-based startup OnBeep has announced a new Series A round of $6.25 million in new funding to build what it calls “beautiful wearable communication devices that unite groups and allow teams to collaborate more fluidly in real time”.
Applications for U.S. home mortgages rose last week as demand for refinancing increased, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, rose 1.4 percent in the week ended August 15.
U.S. consumer prices barely rose in July as declining energy costs partially offset increases in food and rents, which could give the Federal Reserve ammunition to keep interest rates low for a while.
Fitness buffs who can't make it to the gym but still want to exercise can turn to apps for a short, intense workout when they are pressed for time. The U.S. Centers for Disease Control recommend that adults do at least 150 minutes of moderate aerobic activity weekly. But recent studies suggest even short bouts of exercise can have positive health effects.
Community Health Systems Inc (CYH.N), one of the biggest U.S. hospital groups, said on Monday it was the victim of a cyber attack from China, resulting in the theft of Social Security numbers and other personal data belonging to 4.5 million patients.
