Fed statement due at 1800 GMT A hawkish Fed could see gold decline – analyst Swiss gold exports to China, India rebound March 22 (Reuters) – Gold prices ticked higher but traded in a relatively tight range on Wednesday as investors hunkered down for the Federal Reserve’s interest rate decision. Spot gold was up 0.3% ...

JAKARTA, March 21 (Reuters) – Indonesia’s parliament on Tuesday passed into law an emergency decree on jobs and investment, eliminating legal uncertainty hanging over measures President Joko Widodo has pushed to spur investment in Southeast Asia’s largest economy. The new law replaces the 2020 Jobs Creation law, which was praised by foreign investors for streamlining ...

March 21 (Reuters) – Gold prices edged down on Tuesday, with investors looking forward to the Federal Reserve policy meeting as expectations grew that the U.S. central bank could pause raising its interest rates given the upheaval among banks. FUNDAMENTALS * Spot gold was down 0.1% at $1,977.69 per ounce, as of 0044 GMT. U.S. ...

OTTAWA, March 20 (Reuters) – Canada must boost investments in the green transition in this year’s federal budget due out next week, or else it risks losing out on a one-time opportunity to boost jobs and the economy, Finance Minister Chrystia Freeland said on Monday. Canada’s budget will include a “serious investment” in clean technologies, ...

WASHINGTON, March 20 (Reuters) – U.S. President Joe Biden on Monday rejected a Republican proposal to prevent pension fund managers from basing investment decisions on factors like climate change, in the first veto of his presidency. “I just signed this veto because the legislation passed by the Congress would put at risk the retirement savings ...

Dollar en route to 0.4% fall for the week All eyes on Fed policy meeting next week March 17 (Reuters) – Gold prices rose over 1% on Friday and looked set for their biggest weekly gain since mid-November as a global banking crisis kept investors on tenterhooks, bolstering the safe-haven appeal of the metal. Spot ...

SYDNEY, March 17 (Reuters) – Australia’s Productivity Commission called on the federal government on Friday to improve tax and migration systems, remove import tariffs and secure net-zero carbon emissions at the lowest cost to boost stalling economic productivity. The report titled “Advancing Prosperity” and produced once every five years, made 71 recommendations, while warning that ...

March 16 (Reuters) – FedEx Corp (FDX.N) on Thursday raised its fiscal 2023 profit forecast despite weak market conditions, citing progress on its plan to shave $3.7 billion in costs from its global delivery business, sending its shares up more than 11%. The Memphis, Tennessee-based company also posted a higher-than-expected quarterly profit despite a drop ...

Government working to protect customers from bank’s collapse Hunt says plan could help customers with cash-flow issues Companies warn of ‘existential crisis’ if they cannot pay wages LONDON, March 12 (Reuters) – A would-be buyer for the UK arm of failed U.S. lender Silicon Valley Bank (SVB) stepped forward on Sunday as British Prime Minister ...

NEW YORK, March 11 (Reuters) – Employees of Silicon Valley Bank were offered 45 days of employment at 1.5 times their salary by the Federal Deposit Insurance Corp, the regulator that took control of the collapsed lender on Friday, according to an email to staff seen by Reuters. Workers will be enrolled and given information ...