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Business

Resilient Dollar dents gold prices, sinks to a three-month low

admin
In a further blow to the precious metals market, gold prices plummeted to their lowest levels since mid-March. A resurgent dollar has caused the gold market to stumble, pushing the prices into a downward spiral, according to a report by Reuters. The spot gold price took a 0.1 percent hit......
Business

Credit Suisse and UBS are in talks to merge – FT

Editor
UBS (UBSG.S) is in discussions to acquire Credit Suisse (CSGN.S), with the boards of Switzerland’s two biggest lenders meeting separately this weekend, the Financial Times reported. The Swiss National Bank and regulator FINMA are organizing the talks to build confidence in the country’s banking sector, Reuters reported, citing sources. Swiss......