Business

Buy gold, urges veteran investor as bullion hits six-year high

By The Frontier Post | August 21, 2019

Monitoring Desk WASHINGTON: Gold bullion hit a six-year high in August on low rates, a sluggish economy and heightened geopolitical tensions, with investors plowing into the precious metal. Veteran investor Mark Mobius urged to buy gold on Tuesday, when he appeared on Bloomberg TV. “Gold’s long-term prospect is up, up and up, and the reason…

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Huawei founder details ‘battle mode’ reform plan

By The Frontier Post | August 21, 2019

Monitoring Desk HONG KONG: China’s Huawei will spend more on production equipment this year to ensure supply continuity, cut redundant roles and demote inefficient managers as its grapples with a “live-or-die moment” in the wake of US export curbs, founder Ren Zhengfei said. His remarks come as the United States said this week it will…

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Asian markets mostly rise on optimism for trade, stimulus

By The Frontier Post | August 21, 2019

Monitoring Desk HONG KONG: Most Asian markets rose Tuesday on the back of hopes for central bank and government stimulus measures around the world, while investors were also cheered by further signs of easing tensions in the China-US trade war. Trading floors around the world have been tense for several weeks owing to concerns about…

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