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Goods and Metals

5 December 07:53 PM Ten wild predictions that could change global economy in 2020
3 December 05:15 PM Amazon: Cyber Monday 2019 is single biggest shopping day
Mubasher: Amazon revealed that Cyber Monday this year was once again the single biggest shopping day in its history, according to BusinessWire.
3 December 01:47 PM Volvo becomes licensee of Avanci Marketplace
Mubasher: Avanci has entered into a patent license agreement with Volvo to increase the total number of the auto brands licensed through the Avanci marketplace.
3 December 01:36 PM Get to know about challenges facing organic food supply chains
Mubasher: Organic food industry has been seeing more popularity and higher demand over the past few years.
2 December 01:41 PM AutoStore to reshape retail industry via robotic cube-based solution
Mubasher: AutoStore has offered high-density storage solution to change and stock inventory at speed while delivering goods to customers as quickly as possible, BusinessWire reported.
2 December 11:59 AM S&P: One-third of rated automakers, suppliers have negative outlook 
Mubasher: S&P expected a negative directional pressure on ratings for automakers and suppliers due to weakened market momentum and no signs of an upturn.
1 December 05:50 PM US online shopping records $7.4bn during Black Friday   
Mubasher: Black Friday shoppers set an online spend record at $7.4 billion during the second largest Internet shopping day ever, CNBC reported citing Adobe Analytics.
1 December 01:44 PM Seedland brings China’s first autonomous commuter vehicle 
Mubasher: Seedland Group introduced the first (UGV) into Chinese residential communities through the autonomous vehicle for smart communities, Hachi Auto, in early November 2019.
28 November 05:38 PM DAMAC Chairman’s private firm acquires Italy’s brand icon Roberto Cavalli
Dubai – Mubasher: Hussain Sajwani, the chairman of the Dubai-based DAMAC Properties has sealed a takeover deal of the Italian fashion group Roberto Cavalli SpA.
28 November 05:00 PM Azizi Developments orders Tesla Cybertrucks for customer site visits
Mubasher: Azizi Developments has pre-ordered ten of Tesla's new Cybertrucks which are designed to have the utility of a truck with sports car performance.
28 November 04:22 PM Coca-Cola Sweden becomes 1st market to adopt fully recycled plastic
Mubasher: Coca-Cola Sweden announced that plastic bottles will be made from recycled material; hence, becoming the world’s first market making bottles from 100% recycled plastic
27 November 10:51 AM Gold declines on upbeat remarks on US-China trade deal
Mubasher: Gold traded lower on Wednesday following US President Donald Trump's remarks on a soon preliminary trade deal with Beijing, supporting risk-on sentiment.
26 November 11:03 AM Gold edges down on US-China trade optimism
Mubasher: Gold prices declined on Tuesday, as comments from both Washington and Beijing raised the prospects of both side hammering out a preliminary trade deal.
25 November 11:00 AM Gold slips as US-China trade optimism re-kindles risk-taking appetite
Mubasher: Gold declined on Monday after the US and China expressed their desire to ink an interim trade agreement by the end of this year.
22 November 12:25 PM Gold rallies as US-Sino trade doubts persist
Mubasher: Gold prices edged up on Friday as qualms prevailed over the US and China clinching a partial trade deal, Reuters reported.
19 November 04:25 PM Boeing, Air Astana ink deal for Boeing 737-MAX 8 airplanes
Mubasher: Air Astana, has signed a letter of intent with Boeing for 30 Boeing 737 MAX 8 airplanes worth $3.6 billion for FlyArystan.
15 November 10:04 PM Gold loses $5 at Friday’s settlement
Mubasher: Gold settled lower on Friday, adding 0.4% for the week.
15 November 11:12 AM Gold drops as US-Sino trade deal optimism thwarts risk appetite
Mubasher: Gold fell on remarks from White House economic adviser Larry Kudlow that the US is “getting close” to an interim trade deal with China.
14 November 12:50 PM Gold rallies on dim industrial China figures
Mubasher: Gold prices rose on Thursday as Asian stocks retreated, after weaker-than-expected economic figures from China gave a boost to safe-haven buying, according to Reuters.
13 November 12:26 PM Gold rises as US-China trade uncertainty drags on risky assets
Mubasher: Gold rose after a speech by President Donald Trump disappointed hopes for a progress towards a trade pact between the US and China.
12 November 11:20 AM Gold slips as investors await US-China trade progress signals
Mubasher: Gold fell, ahead of US President Donald Trump's speech, in which investors hoped he would signal progress on the trade negotiations with China.
11 November 10:16 AM Gold edges up on US-China trade fears, global slowdown
Mubasher: Gold inched up on Monday on the return of worries over the trade dispute between the US and China and a global economic slowdown.
8 November 11:56 AM Gold rises; heads for biggest weekly drop in 2.5 years
Mubasher: Gold was on course of its biggest weekly drop in two years and a half, as hopes of a US-China deal boosted risk-taking appetite.
7 November 10:27 AM Gold stabilises amid US-Sino trade uncertainty
Mubasher: Caution gripped markets in the midst of signs of a potential delay to the signing of an initial US-Sino trade deal.
6 November 10:13 AM Gold rises as investors temper hopes on US-China trade deal
Mubasher: Investors retreated from riskier assets in the absence of concrete developments on the US-Sino trade front.