World News

Gold demand posts weakest first quarter since 2008 financial crisis

Meanwhile, just 32.4 tons of gold flowed into gold-backed exchange-traded funds over the first three months of the year. of which was down two-thirds when compared to the same quarter last year. Jewelry consumption also slipped at the start of 2018, edging down 1 percent. India — the second-largest gold jewelry consumer after China — reported its weakest quarter since ...

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Australia’s Concetta Fierravanti-Wells on infrastructure investment

One Australian minister can be raising concerns about the sustainability of infrastructure developments from the Pacific. Speaking with CNBC’s Oriel Morrison, Concetta Fierravanti-Wells, Australia’s minister for international development along with the Pacific, stressed the importance for infrastructure investments to “have a productive outcome” without imposing “unnecessary debt burdens.” Asked if Australia had aired its concerns to China, the major supplier ...

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World’s airports need investment to cope with ‘massive growth inside future,’ CEO says

Growth in Dubai’s aviation sector has been “phenomenal” yet its modest infrastructure means significant investment is usually still needed, the chief executive of Dubai Airports told CNBC. “Over the last 10 years, the traffic growth has been phenomenal,” Paul Griffiths, chief executive of Dubai Airports, told CNBC’s Hadley Gamble Monday. Griffiths said Dubai’s International Airport — the third busiest airport ...

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Euro zone inflation unexpectedly slips in April

However, prices of services were only 1.0 percent higher, compared having a 1.5 percent increase in March Core inflation measures of inflation, which the ECB also looks to as a guide, were also below expectations. The measure that will strips out the volatile prices of energy along with unprocessed food, was 1.1 percent year-on-year in April coming from 1.3 percent ...

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Tesla profits depend on meeting product 3 goals

In April, Teslareportedthat This kind of had missed its first-quarter production along with delivery targets for the product 3. The company produced 2,020 product 3s within the final week of the first quarter, short of its goal of producing 2,500 product 3 sedans weekly by the end of March. to boost its product 3 production rate, Tesla will run its ...

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Tesla stock drops as Elon Musk gives bizarre earnings call

On the first-quarter call, CEO Elon Musk also promised a “reorganization” This kind of month. He said: “I’m feeling quite confident about hitting positive cash flow in Q3. This kind of can be not a certainty. the idea does appear quite likely in my view. We are going to conduct a reorganization, restructuring of the company This kind of month ...

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Stocks, dollar, Fed in addition to US-China trade talks in focus

Investors also digested the Fed’s decision to keepinterest rates unchanged, a move of which was widely expected. The central bank noted of which inflation was starting to inch higher. In its post-meeting statement, the central bank’s Federal Open Market Committee said “overall inflation in addition to inflation for items various other than food in addition to energy have moved close ...

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Saudi Arabia-Iran tensions are important to keep an eye on: Fitch Ratings

Heightened geopolitical tensions remain a risk for Saudi Arabia even though there is usually a low probability of revenues getting hit, a Fitch Ratings expert said Wednesday. “Clearly the escalation of tensions with Iran is usually a big issue, no question about the idea,” Jan Friederich, head of Middle East along with Africa sovereign ratings at Fitch Ratings, told CNBC’s ...

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Drugmaker Novo Nordisk beats Q1 profit expectations, nudges up 2018 outlook

Denmark’s Novo Nordisk, the planet’s biggest maker of diabetes drugs, reported first-quarter operating profit above expectations on Wednesday along with raised the lower end of its 2018 sales along with profit forecast. Operating profit fell 8 percent to 12.4 billion Danish crowns ($2.00 billion) inside January to March quarter compared using a year ago, hit by the depreciation of the ...

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