Tuesday , November 26 2024

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Vietnamese buy more gold amid inflation, dong fears

Vietnamese buy more gold amid inflation, dong fears

Investors bought 14 tons of gold in the second quarter, up 11 percent year-on-year, seeking out the safe heaven metal amid concerns about inflation and a weakening dong. Of this, 4.5 tons were in the form of jewelry, up 28 percent, even though global demand dropped 8 percent, according to …

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Crypto platform Zipmex files for bankruptcy protection in Singapore

Crypto platform Zipmex files for bankruptcy protection in Singapore

Southeast Asia-focused cryptocurrency exchange Zipmex said it had filed for bankruptcy protection in Singapore, becoming the latest victim of the global downturn in digital currencies. Singapore-based Zipmex resumed withdrawals last week, a day after suspending them on July 20, and said it was working to address its exposure of $53 …

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