Articles by simon yao
- Brent falls below $104, gloomy demand outlook weighs
July 26 2012 7:37 AM
Oil prices dropped below $104 a barrel on Thursday as a stronger dollar weighed and disappointing corporate earnings contributed to a gloomy outlook for demand growth.
- Copper Steadies From One-month Low; Euro Woes Cap Gains
July 26 2012 7:36 AM
London copper steadied on Thursday, recovering from a one-month low hit in the prior session as investor sentiment stabilized, but concerns the European debt crisis could yet deepen signaled the bounce could be brief.
- European shares steady, earnings mixed
July 26 2012 7:34 AM
European shares traded flat on Thursday, oscillating around opening levels as investors digested a mixed bag of corporate earnings reports, though expectations of further U.S. monetary stimulus were seen likely to drive short-term gains.
- Hong Kong shares eke out first gain in four days, China slips
July 26 2012 7:32 AM
Hong Kong shares eked out their first gain in four days on Thursday, as strength in defensives offset weakness for Sands China after its parent posted underwhelming second-quarter earnings, dragging the broader Macau gambling sector lower.
- Asia Gold-Price Rally Sparks Selling; Buyers Shy Away
July 26 2012 7:29 AM
A rally in gold prices prompted some selling in Asia's physical gold market, but market participants feared the price rise would lose momentum as policy uncertainty keeps sentiment brittle.
- Gold Steadies Above $1,600 Per Ounce As Euro, Stocks Soften
July 26 2012 7:26 AM
Gold prices steadied above $1,600 an ounce on Thursday, taking a breather after posting their biggest one-day rise since late June the previous day, as a dip in the euro versus the dollar and a weaker tone to stocks took the heat out of its rally.
- Is Fed About to Skyrocket the Gold Price…AGAIN?
July 25 2012 4:41 PM
It shouldn’t have been breaking news yesterday…but it was. According to a Wall Street Journal Special Report, the Fed is hotly contemplating another move toward easing as early as next week, during its July 31 – August 1 meeting.
- Wall Street edges up, despite Apple's miss
July 25 2012 3:49 PM
Stocks rose modestly in choppy trading on Wednesday, putting the S&P 500 on track to snap a three-day losing streak, despite a rare earnings disappointment from Apple, the most valuable U.S. company.
- Platinum Plumbs Deepest Discount To Gold In 7-1/2 Months
July 25 2012 3:14 PM
Gold's premium over platinum reached its highest in 7-1/2 months on Wednesday at over $210 an ounce, and could rise still further as the white metal suffers from its heavy exposure to the beleaguered European car market.
- S.African Gold Firm Starves Out Illegal Miners
July 25 2012 3:11 PM
One of South Africa's biggest gold firms has taken the drastic step of banning all food underground to cut supply lines to gangs of illegal miners used to staying deep in the mines for months on end, threatening lives and official production.
- Gold Up Nearly 2 Percent On Stimulus Hopes For U.S., Europe
July 25 2012 2:55 PM
Gold rose nearly 2 percent on Wednesday, outperforming equities for the third day in a row as renewed talk of U.S. and European monetary stimulus boosted the precious metal's appeal to investors seeking an inflation hedge.
- ECB policy talk lifts shares, euro
July 25 2012 10:14 AM
Signs the European Central Bank is open to changing the way it tackles the region's growing debt crisis lifted the euro and European shares on Wednesday but deepening economic gloom kept a lid on the gains.
- Euro gains on ESM comments but underlying weakness remains
July 25 2012 10:13 AM
The euro rallied against most major currencies on Wednesday, recovering from a two-year low against the dollar after a European Central Bank policymaker said he could see grounds for giving the euro zone bailout fund a banking license.
- Britain sinks far deeper into recession than forecast
July 25 2012 10:12 AM
Britain's economy shrank far more than expected in the second quarter, battered by everything from an extra public holiday to government spending cuts and the neighboring euro zone crisis.
- Europe stocks snap losing run on crisis hints
July 25 2012 10:11 AM
European stocks halted a three-session drop on Wednesday, after European Central Bank policymaker Ewald Nowotny raised the prospect of steps that could boost the firepower of the euro zone's new bailout fund.
- Hong Kong shares have 3rd straight loss, weak property sinks China
July 25 2012 10:10 AM
Hong Kong shares fell for a third-straight session on Wednesday, partly due to a cool reception to plans by a group of companies controlled by local conglomerate Hutchison Whampoa to acquire a UK gas company for $1 billion.
- Russia's Petropavlovsk Aims To Boost H2 Gold Output
July 25 2012 10:06 AM
Russia-focused gold miner Petropavlovsk aims to boost its gold production during the second half of 2012 after its first half gold output rose 27 percent, the company said on Wednesday.
- Gold Rises As ECB Comments Lift Euro, Stocks
July 25 2012 9:58 AM
Gold prices rose on Wednesday after European Central Bank policymaker Ewald Nowotny said he could see grounds for giving Europe's rescue fund a banking license, lifting the euro off lows versus the dollar and pushing stock markets higher.
- Gold Flat But Fears Over Euro Zone, Greece Support
July 24 2012 3:41 PM
Gold traded nearly flat on Tuesday, supported by safe-haven buying on news Greece will need more debt restructuring, as the metal outperformed equities for a second consecutive day.
- Alacer Gold Production Falls On Weak Australia Mines
July 24 2012 3:36 PM
Canadian miner Alacer Gold Corp's second-quarter attributable gold production fell 5 percent due to lower output from its mines in Australia.