Gold futures rose, further reclaiming ground lost in late May, and MUFG reiterated gold is its favorite buy this year on a trifecta of eventual Fed cuts, supportive central bank demand and its role as a geopolitical safe haven.
Remy Cointreau said it intended to boost growth in the U.S. after the drinks group reported better-than-expected fiscal operating profits, but cautioned that first half results would be hit by continued inventory adjustments in the Americas.
The Chinese developer said it will pay a dollar bond due Friday, its final offshore debt obligation for the year, seeking to calm liquidity concerns amid China’s continuing property crisis.
Orders at German factories were 0.2% lower in April, compared with a 0.6% rise expected by economists, reflecting the persistent difficulties in the country’s industrial sector.
Atos said the move comes as the conciliator of the company’s financial restructuring process has also requested for more time to determine which of the two proposals the company’s creditors prefer.
