0140 GMT March 03, 2021
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Gold steadied as investors weighed the slowing pace of coronavirus infections, as well as immunization programs globally and the impact on growth. Platinum surged to a fresh-six-year high.
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Investors are watching next week’s earnings reports from hotels, cruise lines and other businesses that have been hard hit by COVID-19 for indications of which companies could be the first to bounce back when the pandemic recedes.
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British food-delivery company Deliveroo said on Sunday it had raised a further $180 million from existing investors, including minority shareholder Amazon, in a move that values the business at more than $7 billion.
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Gold steadied after the longest run of daily declines since November as investors weighed the impact of a stronger dollar and rise in US Treasury yields against expectations for further massive stimulus.
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Chinese banks are expected to face headwinds raising funds next year as profit-conscious investors cling to the sidelines, expecting a wave of bad loans to hammer the sector and erode already slimming margins.
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Gold eased Monday as investors tracked the deployment of the first COVID-19 vaccines in the US and the continuation of talks over a stimulus bill.
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By Caroline Valetkevitch
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Bitcoin, the world's best-known cryptocurrency, has jumped above $17,000 (£12,800) to hit a three-year high.
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Global banks and investors said they were stepping up their preparations for a victory by Democratic presidential candidate Joe Biden after his rival Republican President Donald Trump revealed he had tested positive for COVID-19 early on Friday.
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Making investment in the tourism sector is among the main strategies adopted by urban managers of Gorgan, the capital of the northern province of Golestan, the city’s mayor said.
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By Ali Bekhtaoui
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Iran’s President Hassan Rouhani asked new Iranian ambassadors to six countries to introduce the capacities and capabilities of the country to foreign investors and private and public sectors.
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An investor group managing more than $16 trillion on Wednesday launched the world’s first step-by-step plan to help pension funds and others align their portfolios with the Paris Agreement on climate change.
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Gold soared to a record high on Monday as investors rushed into the safe-haven commodity on concerns about heightened China-US tensions, a spike in virus infections and a lack of progress on a new stimulus bill in Washington.
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South Korean retail investors have posted big gains from their stock investments in recent months amid a market recovery from the coronavirus shock, data showed Monday.
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