Gold demand in China, which overtook India as the largest user last year, will rise about 25 percent in the next four years as an increasing population gets wealthier, according to the World Gold Council.
Greenland Holding Group Co. likens its downtown Sydney luxury development to a “diamond in the sky” with floor-to-ceiling windows offering 360-degree views of the city. That’s a far cry from the 50-year-old concrete government office building from which the new tower will morph.
Kinross Gold Corp., the largest foreign gold miner operating in Russia, told Canada it wants a “balanced approach” in resolving a standoff with Russia after the annexation of Crimea earlier this month.
U.S. and European Union sanctions against Russia won’t stop OAO Rosneft from buying Morgan Stanley’s oil sales unit, Chief Executive Officer Igor Sechin said, underscoring the limitations of the punitive measures.