simon yao

  • Upbeat earnings buoy shares; commodities rally

    July 19 2012 4:35 PM

    Global shares climbed to two-week highs on Thursday as strong corporate earnings offset weak U.S. economic data but concerns about Spain's financial troubles drove the euro broadly lower.

  • Oil jumps on Middle East worries, economic hopes

    July 19 2012 3:47 PM

    Oil prices rose a seventh straight session on Thursday, reaching an eight-week high as Middle East tensions reinforced concern about potential supply disruptions while strong corporate earnings lifted equities and investor optimism.

  • European shares hit 4-mth high on earnings beats

    July 19 2012 3:45 PM

    European shares climbed to a four-month high on Thursday as another string of estimate-beating corporate results surprised investors who had braced for a weak show.

  • Miner Freeport's Quarterly Profit Down But Beats StreetMiner Freeport's Quarterly Profit Down But Beats Street

    July 19 2012 11:36 AM

    Freeport-McMoRan Copper & Gold Inc's second-quarter profit dropped by half as metal prices slipped, but the results beat Wall Street estimates and its stock rose.

  • Gold Rises 1 Percent As Euro, Stocks ClimbGold Rises 1 Percent As Euro, Stocks Climb

    July 19 2012 9:22 AM

    Gold prices extended gains to rise by around 1 percent on Thursday as the dollar dropped to a two-week low against a basket of currencies and equities rose, reflecting a modest pick-up in appetite for risky assets.

  • How Gold Will be Made Acceptable by the Powers that Be

    July 18 2012 11:37 AM

    The critical requirements of gold’s return to the monetary system are twofold : 1. It must easily dovetail into the current monetary system. 2. It must provide a workable application, right down to consumer level.

  • The Potential for Gold Stocks in 2013-2014

    July 18 2012 9:46 AM

    There are two drivers of stock prices: valuation and earnings. Valuations are very much driven by investor sentiment while earnings are driven by revenue and margins.

  • Euro zone, growth worries boost safe haven assets

    July 18 2012 9:43 AM

    U.S. bond prices rose and Germany sold debt with a negative yield for the first time on Wednesday as investors uneasy about a bleak economic outlook from the Federal Reserve and the intractable euro zone crisis turned to safe haven assets.

  • Global wealth industry profits squeezed as costs rise

    July 18 2012 9:42 AM

    The global wealth management industry that invests money for the world's elite is suffering a profits squeeze, paying $8 to generate every $10 of income as it grapples with ever more burdensome and expensive regulations.

  • Oil falls on Fed's gloomy economy outlook

    July 18 2012 9:41 AM

    Brent crude was little changed on Wednesday, with bloodshed in Syria highlighting worries about supply from the Middle East, offsetting worries about the state of the global economy.

  • European shares edge up as earnings beat estimates

    July 18 2012 9:39 AM

    European shares edged up on Wednesday, helped by estimate-beating corporate results, and extended a sideways move that was trapping the market as investors awaited greater clarity on the extent of the economic slowdown and the policy response to it.

  • Hong Kong shares break 3-day gain, home price data subdues China

    July 18 2012 9:38 AM

    Hong Kong shares suffered a first loss in four days on Wednesday after data suggesting more stable home prices in China doused expectations of policy easing and spurred profit taking in the Chinese property sector.

  • Fresnillo Upbeat On 2012 Silver Output TargetsFresnillo Upbeat On 2012 Silver Output Targets

    July 18 2012 9:33 AM

    Mexican precious metals producer Fresnillo is on track to meet silver and gold output targets for this year, helped by the ramping up of production at its new Saucito mine.

  • Nord Gold To Buy Out Minorities In High River GoldNord Gold To Buy Out Minorities In High River Gold

    July 18 2012 9:30 AM

    Russian miner Nord Gold , the country's third-largest gold producer, will bid for the 25 percent of High River Gold Mines it does not already own, in a deal valuing the Canadian-listed producer at $1.2 billion.

  • Gold Slips As Euro Falls, And After Fed DisappointsGold Slips As Euro Falls, And After Fed Disappoints

    July 18 2012 9:24 AM

    Gold fell on Wednesday as a media report quoting Germany's Angela Merkel as saying she could not be sure the European project would work knocked the euro, and after the Federal Reserve disappointed markets by failing to unveil more economic stimulus plans.

  • As Long as Financial Leaders continue with the Same Keynesian Policies, it is Essential to Hold Gold

    July 17 2012 10:35 AM

    Gold prices were rather volatile last week as they vacillated between the key support level at around $1550 an ounce, and the key resistance which seems to be tracking the 50 day Moving Average as well as the $1600 an ounce level.

  • Corvus Gold Begins Phase 2 Mine Development Drill Program and Retains Mine Design Firm for North Bullfrog Project, Nevada

    July 17 2012 8:47 AM

    Corvus Gold Inc. is pleased to announce the start of the Phase 2 mine development activities on the Mayflower deposit at the southern end of the Company?s 100% controlled North Bullfrog Project, Nevada.

  • Global shares, euro edge higher ahead of Fed's Bernanke

    July 17 2012 8:43 AM

    Global shares and the euro edged up on Tuesday as investors speculated that Federal Reserve Chairman Ben Bernanke would hint at more monetary stimulus later in the day.

  • Oil rises to $104 on Fed stimulus hopes

    July 17 2012 8:42 AM

    Brent crude oil rose above $104 a barrel on Tuesday ahead of a speech by U.S. Federal Reserve Chairman Ben Bernanke that could signal more measures to stimulate economic growth.

  • Copper Edged Higher Ahead Of Bernanke Testimony

    July 17 2012 8:41 AM

    Copper rose on Tuesday on expectations the U.S. Federal Reserve could signal further stimulus to prop up the flagging economy following weak economic data, but gains were capped by European debt crisis concerns and a cloudy outlook for metals demand.