Gold Futures Extend Gains, Settle At Fresh 7-1/2-year High

Gold prices moved higher on Monday, extending gains from previous session, as riskier assets such as equities fell amid concerns over the spread of the coronavirus pandemic and its impact on the global economy. The dollar’s weakness also supported the yellow metal’s recover. Despite staying above the unchanged line at […]

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AMLO Scores Win After Mexico Resists Pressure from Oil Titans

Mexican President Andres Manuel Lopez Obrador scored a political victory on Sunday by convincing oil nations to let him cut production far less than other OPEC+ members, reinforcing his nationalist project to revive state-owned producer Pemex. Mexico will only cut 100,000 barrels — just a quarter of its pro-rated share […]

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Mexico President Faces Threats of Tax Revolts in Some States

Mexico’s president is facing threats from some state business chambers to withhold taxes to protest the government’s refusal to provide aid to offset the impact of the lockdown, Reforma reported on Sunday. Business chambers in the states of Tamaulipas, Durango and the beach resort of Acapulco are demanding tax deferrals, […]

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Uber Rival Bolt Seeks Help in Rush to Adapt to Crisis

Ride-hailing company Bolt Technology OU is seeking credit support from the Estonian government after a switch to quarantine-friendly services didn’t make up for lost revenue and it couldn’t access bank lending under existing state guarantee terms. The service formerly known as Taxify, a rival to Uber Technologies Inc., is asking […]

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