R/€ = 18.15 Change: 0.03
R/$ = 14.90 Change: 0.09
Au 1853.30 $/oz Change: 9.46
Pt 1099.21 $/oz Change: 0.67


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

Goldman says bitcoin’s rising popularity doesn’t endanger gold

18th December 2020 Gold and Bitcoin can coexist, according to Goldman Sachs Group, which said, while the largest digital currency may be pinching some demand from the oldest of havens, the precious metal’s standing will endure. “Gold’s recent underperformance versus real rates and the dollar has left some investors... 

Oleg Deripaska’s Rusal role spurred Europe sanctions warning to US

17th December 2020 European officials have provided information to the US government indicating that Russian billionaire Oleg Deripaska continued to exert control this year over United Co. Rusal International, which the officials say was a breach of a US sanctions agreement reached in 2018. An assessment sent to... 

Polluters make some net-zero progress, climate action 100+ says

17th December 2020 Three years after some of the world’s biggest investors joined forces to pressure the largest producers of greenhouse gases to cut emissions, about half of them have made net-zero commitments. Climate Action 100+, an investor group with 545 members managing a combined $52 trillion of assets, said... 

Metals tycoon Agarwal eyes $10bn of India turnaround deals

17th December 2020 Commodities tycoon Anil Agarwal is planning to invest $10-billion through a new partnership targeting government privatisations in India. The billionaire is teaming up with London-based Centricus Asset Management to seek investments in Indian companies offering substantial growth opportunities,... 

Brexit talks head for their climax with a fight over fishing

17th December 2020 The UK and European Union (EU) are heading for a final battle over fishing rights as trade talks reach a climax, with officials cautiously predicting a deal within days. The pound climbed against the dollar on Wednesday amid optimism that the focus on fish is a sign the two sides have largely... 

Mozambique weighs help to fight insurgents in gas-rich north

17th December 2020 Mozambique is considering offers from around the world to help fight an Islamist insurgency in the natural gas-rich north of the country, President Filipe Nyusi said, while striking a cautious tone in accepting outside assistance. The government has been working with some countries, but won’t... 

Vaccinating billions means finding ways around a patent impasse

17th December 2020 Covid-19 vaccines look set to protect millions of citizens of the world’s richest countries in the coming months. But inoculating the rest of the planet’s population may mean finding a way around an impasse over intellectual property. Representatives from all 164 member states of the World Trade... 

Eskom’s bailout emerging as equity swap by biggest bondholder

17th December 2020 South Africa’s biggest pot of available cash – R1.91-trillion of civil-servant pensions and unemployment funds managed by the Public Investment Corporation (PIC) – is emerging as the key to rescuing the debt-stricken national power monopoly. The money manager has approached its parent agency, the... 

Electric cars closing in on gas guzzlers as battery costs plunge

17th December 2020 Electric vehicles may cost about the same as their gas-guzzling brethren in just three or four years -- and only get cheaper from there, according to a new report from BloombergNEF. Electric cars and buses have long been saddled with bigger up-front costs than those burning gasoline or diesel,... 

Veteran copper executive sees mines avoiding major strike shocks

17th December 2020 One of the world’s most seasoned copper executives isn’t particularly worried about supply shocks from strikes in top-producing nation Chile. “I don’t see an especially dangerous period,” Diego Hernandez, head of Chilean mining society Sonami, said on a webinar Wednesday. He was responding to a... 

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