Vietnam’s State Bank to Auction Gold for First Time in a Decade
State Bank of Vietnam will resume auctions of gold bars after over a decade as it seeks to boost supply of the precious metal amid record high prices.
State Bank of Vietnam will resume auctions of gold bars after over a decade as it seeks to boost supply of the precious metal amid record high prices.
The European Union’s demand for liquefied natural gas, which provided a key lifeline during the energy crisis, will likely peak this year as the region accelerates its renewables transition, according to the bloc’s energy regulator.
Shares of truckmaker Volvo AB dropped as much as 5.9% in Stockholm on Friday on news that China’s Zhejiang Geely Holding Group had sold the entirety of its Class B shares, worth about 14.1 billion Swedish kronor ($1.3 billion).
Markets remained on edge on Friday after an escalation of the tensions in the Middle East sent stocks tumbling around the world and stoked demand for haven assets including bonds and the dollar.
L’Oréal SA stock surged Friday after reporting better-than-expected first-quarter sales as strength in Europe and North America helped offset a slowdown in shopping by Chinese travelers.
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