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Bloomberg

Bloomberg delivers business and markets news, data, analysis, and video to the world, featuring stories from Businessweek and Bloomberg News.

Gold rises to eight-week high as traders await Georgia results

6th January 2021 Gold rose to an eight-week high aided by a weaker dollar and lower real rates, as investors awaited the outcome of elections in Georgia that will determine control of the Senate and President-elect Joe Biden’s agenda. Bullion could benefit if Democrats win the two seats in the runoff contest as... 

Gold near two-month high as covid angst fires up haven demand

5th January 2021 Gold traded near an eight-week high as a surge in global coronavirus cases and curbs stoked demand for the haven, which has been supported by lower US real yields, a weaker dollar, and slumping equities. Bullion has made a strong start to the new year, with the variant strain of the coronavirus... 

South African stocks climb as haven demand boosts gold miners

5th January 2021 South African stocks advanced for a second day, boosted by gold producers as demand for haven assets supported bullion prices amid the latest news on the coronavirus pandemic. The main Johannesburg stock index was 0.4% higher as of 9:36 a.m., after climbing 1.8% in the first trading session of 2021. 

Iran says it’s started process of producing 20% enriched uranium

4th January 2021 Iran said it’s restarted the process of producing 20% enriched uranium following an order issued by President Hassan Rouhani, the semi-official Mehr News Agency reported, citing the government’s spokesman. Ali Rabiei said work had started earlier on Monday morning and the first batch of uranium... 

Gold roars out of blocks in 2021 as real yields, dollar decline

4th January 2021 Gold surged above $1 900/OZ as lower US real yields and a weaker dollar helped the precious metal build on its biggest annual advance in a decade. Bullion climbed to the highest level in almost two months after renewed declines in real yields boosted gold’s allure. Real yields -- the difference... 

Opposition DA files complaint over missed Covax payment

18th December 2020 South Africa’s main opposition party will file a complaint against Finance Minister Tito Mboweni for allegedly misleading the legislature about the country’s payment to sign up to the global Covax program, which is to procure and distribute Covid-19 vaccines. The Democratic Alliance will submit... 

Copper tops $8 000 as Goldman points to commodities super-cycle

18th December 2020 Copper topped $8 000 a ton for the first time in more than seven years, with Goldman Sachs Group and BlackRock pointing to the start of a new long-term bull market as supply lags an expected demand boom. The market is witnessing the sharpest rally in more than a decade, with China’s appetite for... 

Coal sales to rebound with first gains in years in US, Europe

18th December 2020 Global coal demand is poised to rebound next year as the economy recovers and the US and Europe may see the first increase in consumption in several years, the International Energy Agency said. Despite the global shift toward economies based on renewable energy, the dirtiest fossil fuel looks... 

Siemens sees train boom from climate-conscious spending on rail

18th December 2020 Siemens sees the rail market bouncing back from a coronavirus slump, aided by an international push to slash carbon-dioxide emissions from transport. The global market for trains and related infrastructure will expand by a quarter over the next three years to exceed pre-coronavirus levels,... 

Volkswagen plans to link top executives’ bonuses to ESG targets

18th December 2020 Volkswagen plans to link top executives’ bonuses to environmental, social and governance targets as the German industrial giant seeks to bolster sustainability credentials that are increasingly relevant to investors. VW will seek shareholder approval for the updated remuneration system at its... 

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