Articles by simon yao

  • Gold Firms As Euro Edges Up Ahead Of ECB MeetGold Firms As Euro Edges Up Ahead Of ECB Meet

    July 31 2012 10:25 AM

    Gold rose on Tuesday as the euro climbed against the dollar, but gains in both were muted ahead of this week's European Central Bank meeting as investors weighed up the prospects of definite action to tackle the euro zone debt crisis.

  • Stocks at three-week highs on stimulus hopes

    July 30 2012 10:31 AM

    Global stocks rose to their highest in more than three weeks on Monday, underpinned by expectations that the U.S. Federal Reserve and European Central Bank will provide stimulus to support their struggling economies.

  • Brent slips to $106 as stimulus expectations fade

    July 30 2012 10:30 AM

    Brent crude oil fell to around $106 a barrel on Monday as hopes faded that the United States and Europe would soon announce measures to shore up their fragile economies, which could boost the outlook for oil demand.

  • Europe shares buoyed by expectation of ECB action

    July 30 2012 10:23 AM

    European stocks rose on Monday, with the blue chip Euro STOXX 50 index hitting a three-month high, as investors bet the European Central Bank will unveil steps to ease Spain and Italy's soaring borrowing costs at its meeting later this week.

  • Hong Kong shares gain despite profit warning gloom

    July 30 2012 10:22 AM

    Hong Kong shares rose for a third-straight day on Monday, with HSBC closing stronger just before Europe's largest bank posted a first half earning report that matched expectations.

  • Gold Eases Below $1,620 An Ounce As Euro RetreatsGold Eases Below $1,620 An Ounce As Euro Retreats

    July 30 2012 9:26 AM

    Gold eased below $1,620 an ounce on Monday, taking its cue from a weaker euro ahead of central bank meetings this week, with speculation rife that the European Central Bank (ECB) will take fresh measures to combat the euro zone debt crisis.

  • Gold Pares Gains After GDP, Consumer SentimentGold Pares Gains After GDP, Consumer Sentiment

    July 27 2012 12:58 PM

    Gold pared early gains on Friday as investors took profits after data showed that economic growth and consumer sentiment have weakened but not enough to prompt the U.S. Federal Reserve to take further stimulative action.

  • Wall Street rises on stimulus hopes, earnings

    July 27 2012 12:13 PM

    Wall Street rose on Friday following a report on economic growth which met expectations and on hopes for further stimulus from the Federal Reserve and the European Central Bank.

  • Euro, global stocks rise on central bank action hopes

    July 27 2012 12:11 PM

    Global stocks and the euro rose on Friday and bond yields dipped in Spain and Italy on growing expectations of European Central Bank action to tackle high borrowing costs.

  • Anglo Disappoints With Profit Drop, Brazil DelayAnglo Disappoints With Profit Drop, Brazil Delay

    July 27 2012 8:27 AM

    Anglo American posted a steeper-than-expected drop in profits as faltering global economic growth hit prices, and the miner sparked further disappointment with a delay of at least 12 months for its trouble-prone Brazilian iron ore project.

  • Oil rises towards $106 on euro zone, QE hopes

    July 27 2012 8:14 AM

    Brent crude oil rose to around $106 per barrel on Friday, buoyed by a European Central Bank pledge to protect the euro zone and hopes for a fresh economic stimulus in the United States.

  • Euro's bounce fizzles, U.S. GDP awaited

    July 27 2012 8:13 AM

    The euro fell on Friday, retreating from a two-week high against the dollar, as investors sold into its recent rally on fresh doubts about whether the European Central Bank would take bold measures to tackle the sovereign debt crisis.

  • Copper Up On Draghi Comments, U.S. Growth EyedCopper Up On Draghi Comments, U.S. Growth Eyed

    July 27 2012 8:12 AM

    Copper rose on Friday, adding to the previous day's gains after comments by the European Central Bank about its commitment to protect the euro, and as investors hope further stimulus measures from the Federal Reserve could be on the cards.

  • European shares extend rally, Solvay shines

    July 27 2012 8:10 AM

    European shares rose in choppy trade on Friday, with Belgian chemicals group Solvay among the top performers, as fresh signs that the European Central Bank might step in to battle the region's debt crisis boosted weakened equity markets.

  • Hong Kong shares gain 2 pct, China underperforms

    July 27 2012 8:09 AM

    Hong Kong shares produced their best day in a month on Friday, as investors covered short positions after the European Central Bank raised hopes it would tackle escalating borrowing costs in euro zone member states.

  • Gold Rises On ECB Action Hopes, Subdued DollarGold Rises On ECB Action Hopes, Subdued Dollar

    July 27 2012 8:08 AM

    Gold rose on Friday, holding around a three-week high as the dollar softened a touch and stocks gained on hopes a vow by the European Central Bank chief to prevent a collapse of the euro zone signaled more action to tackle the debt crisis.

  • Barrick Profit Falls, Sees Pascua-Lama Costs RisingBarrick Profit Falls, Sees Pascua-Lama Costs Rising

    July 26 2012 8:53 AM

    Barrick Gold Corp, the world's largest gold miner, on Thursday reported a 35 percent decline in second-quarter profit and warned that capital costs on one of its biggest growth projects will be much higher than previously forecast.

  • Agnico-Eagle Sees Higher 2012 Output, Q2 Profit FallsAgnico-Eagle Sees Higher 2012 Output, Q2 Profit Falls

    July 26 2012 8:49 AM

    Agnico-Eagle Mines Ltd reported a 15 percent drop in its second-quarter adjusted profit on Wednesday, largely due to higher average cash costs at its mines.

  • FOREX-Euro surges against dollar on Draghi pledge

    July 26 2012 8:45 AM

    The euro jumped against the dollar on Thursday, reversing earlier losses, after European Central Bank chief Mario Draghi said the bank would do whatever it takes to preserve the single currency.

  • Euro, European shares turn higher as ECB signals action on crisis

    July 26 2012 7:38 AM

    The euro and European shares turned decisively higher on Thursday and German bond prices fell after European Central Bank President Mario Draghi said his bank was ready within its mandate to do whatever it took to preserve the single currency.