Asia Stocks Steady, Dollar Strong As Markets Reassess Rates Outlook

Asia Stocks Steady, Dollar Strong As Markets Reassess Rates Outlook

By Scott Murdoch SYDNEY (Reuters) – Asian share markets stabilised somewhat on Tuesday after steep losses in the past 24 hours, while the U.S dollar remained elevated as investors considered the prospects interest rates would remain higher for longer in many developed economies. MSCI’s broadest index of Asia-Pacific shares outside Japan bounced slightly 0.4%, after…

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Newmont Open To Sweetening $16.9 Billion Bid For Gold Rival Newcrest -source

Newmont Open To Sweetening $16.9 Billion Bid For Gold Rival Newcrest -source

By Clara Denina, Melanie Burton and Divya Rajagopal (Reuters) -U.S.-based Newmont Corp is open to slightly increasing its $16.9 billion offer for Newcrest Mining Ltd, according to a source familiar with management’s thinking, amid concerns its current bid is too low after recent leadership changes at the Australian company. Already the world’s largest gold producer…

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