Articles by simon yao
- China June official PMI hits 7-month low
July 02 2012 11:12 AM
China's factory downturn worsened in June as a key activity index hit a seven-month low, data expected to raise expectations the central bank may seek more policy easing to revive the world's second-largest economy.
- Gold Eases As Post-EU Summit Rally Runs Out Of Steam
July 02 2012 10:11 AM
Gold prices eased on Monday after the previous session's sharp rally, surrendering gains along with the euro and other commodities as a bounce lent to the financial markets by European Union plans to tackle the debt crisis petered out.
- New Gold Begins Production At British Columbia Mine
June 29 2012 10:11 AM
New Gold Inc said it started production at its New Afton gold and copper mine in south central British Columbia, on track with its expectation.
- Gold Rallies 3 Percent As EU Summit Boosts Confidence
June 29 2012 10:08 AM
Gold prices rallied 3 percent on Friday and were on track to end June with their first monthly rise in five as a deal to shore up banks and cut borrowing costs at a European Union summit sparked a surge in assets seen as higher risk.
- Russian Gold/fx Reserves Rise to $513.1 Bln
June 28 2012 10:25 AM
Russia's gold and foreign exchange reserves rose to $513.1 billion in the week to June 22 from $512.2 billion a week earlier, central bank data showed on Thursday.
- Japan May Gold Exports Fall To 15-month Low
June 28 2012 10:19 AM
Japan's exports of gold plunged to a 15-month low in May to 2.79 tonnes, down 67 percent from a year ago, as sales of gold bars and jewellery by consumers fell sharply after prices eased, resulting in a steep fall in gold scrap.
- Gold Loses Traction As EU Summit Prospects Fade
June 28 2012 10:13 AM
Gold fell on Thursday, acting more like a risk asset than a safe haven investment, and influenced by pessimistic expectations for a European Union summit that is unlikely to yield the magnitude of measures needed to tackle its debt crisis.
- Kyrgyzstan To Review Contract With Centerra Gold
June 27 2012 10:44 AM
Kyrgyzstan is to review Canadian group Centerra Gold's contract to run the flagship Kumtor gold mine which accounts for 60 percent of national industrial output and is said to have done immense damage to the country's ecology.
- Gold Eases With Euro, Commodities Ahead Of EU Summit
June 27 2012 10:41 AM
Gold prices eased in Europe on Wednesday, pressured by weakness in the euro and other commodities, as expectations faded that this week's European Union summit would do much to ease the euro zone debt crisis.
- Sumatra Copper & Gold To Sell 20 pct Indonesia Stake
June 26 2012 10:47 AM
Australia's Sumatra Copper & Gold is to sell a stake of up to 20 percent to meet Indonesian foreign ownership requirements introduced this year, a senior executive said on Tuesday.
- Barrick Gold Names CFO
June 26 2012 10:36 AM
Barrick Gold Corp appointed Ammar Al-Joundi as chief financial officer to fill in the position left vacant when Jamie Sokalsky became the chief executive of the world's biggest gold miner earlier this month.
- ECB: Gold Reserves Fall By 1 Million Euro In Week To June 22
June 26 2012 10:06 AM
Gold and gold receivables held by euro zone central banks fell by 1 million euros to 432.701 billion euros in the week ending June 22, the European Central Bank said on Tuesday.
- Gold Eases Below $1,580/oz Ahead Of EU Summit
June 26 2012 10:01 AM
Gold eased on Tuesday as the euro slid to a two-week low against the dollar, but moves were muted ahead of this week's European Union summit, with investors awaiting more clarity on how euro zone leaders will tackle the bloc's simmering debt crisis.
- The Black Hole of Deflation - Part 1
June 26 2012 9:54 AM
For the last few years we?ve watched as the Credit Crunch morphed into the Sovereign Debt crisis in Europe, which may re-cross the Atlantic to hit the U.S. Treasury market.
- Bonds, dollar gain on Europe debt worries
June 25 2012 11:59 AM
The dollar and U.S. government debt prices rose on Monday as doubts that a European summit this week would make progress in solving the region's debilitating debt crisis fed the purchase of safe-haven assets.
- Oil falls as investors doubt EU growth talk
June 25 2012 11:58 AM
Brent crude slipped on Monday, briefly falling below $90 with concerns about faltering global growth and Europe's intractable debt crisis hitting investor confidence.
- Copper Slips On Euro Zone Debt Caution, Weak Euro
June 25 2012 11:57 AM
Copper slipped on Monday, as the euro came under pressure on renewed worries about Spain's debt troubles and contagion to other euro zone countries, but falls for base metals were limited by signs of some spot buying from top consumer China.
- Euro declines on fading EU summit hopes
June 25 2012 11:55 AM
The euro fell to its lowest in almost two weeks against the dollar on Monday and looked set to extend losses as investors doubted a European summit later in the week will find a solution to the region's escalating debt crisis.
- Nervous Investors Fill Swiss Safes With Cash, Gold
June 25 2012 10:51 AM
Investors trying to protect their wealth from global economic uncertainty have been stashing bank notes, gold bars and other valuables in Swiss banks, fuelling demand for safe deposit boxes.
- Gold Holds Above $1,570 An Ounce Ahead Of EU Summit
June 25 2012 10:47 AM
Gold prices held above $1,570 an ounce on Monday, taking a breather after last week's sharp correction as traders took to the sidelines ahead of a European Union summit later in the week, and further economic data from the United States.