International Business News - Global Markets http://www.ibtimes.com/globalmarkets/ All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Financial stocks fell on Friday on falling consumer sentiment as led by losses at large regional banks Keycorp and Regions which were hurt by downgrades. 117976 http://www.ibtimes.com/articles/20080516/financial-stocks-outlook.htm Fri, 16 May 2008 23:21:59 EDT Gold prices picked up another 2.4% on Friday, as the dollar dropped quite a hefty amount, to 72.79 on the index. A $3.69 rise in crude oil during the day (to $127.82) was met with a correlated move in gold this time around. A 117938 http://www.ibtimes.com/articles/20080516/oil-amp-gold-divorce-or-happy-reunion.htm Fri, 16 May 2008 19:06:15 EDT Wall Street capped a week of big gains with modest moves Friday as investors grappled with surging energy prices that overshadowed news of a surprise increase in home construction. 117468 http://www.ibtimes.com/articles/20080516/stock-futures-up-ahead-of-home-construction-data.htm Fri, 16 May 2008 18:00:19 EDT Gold futures closed near $900 an ounce on Friday in New York, making it the highest gain for the contract in 10 weeks as energy costs surged to a record and the dollar weakened, boosting the appeal of the precious metal as a hedge against inflation. 117751 http://www.ibtimes.com/articles/20080516/gold-oil-silver-commodities-futures-hedge.htm Fri, 16 May 2008 17:21:33 EDT Stocks that are moving substantially or trading heavily Friday on the New York Stock Exchange and Nasdaq: NYSE 117721 http://www.ibtimes.com/articles/20080516/general-electric-zoltek-among-big-market-movers.htm Fri, 16 May 2008 16:36:32 EDT Agriculture futures traded mixed Friday on the Chicago Board of Trade. Wheat for July delivery added 4 cents to $7.755 a bushel; July corn fell 8 cents to $5.91 a bushel; July oats traded flat at $3.94 a bushel; July soybeans gained 30.5 cents to $13.78 a bushel. 117657 http://www.ibtimes.com/articles/20080516/agriculture-futures-open-higher-on-cbot.htm Fri, 16 May 2008 16:16:45 EDT Crude oil soared to a new record high on Friday above $127 a barrel, after Goldman Sachs significantly increased its projections for oil prices while trader's feared demand for distillate fuels from China will increase next month. 117720 http://www.ibtimes.com/data/articleimgs/47525-oil.jpg http://www.ibtimes.com/articles/20080516/oil-goldman-sachs-record-brent-china.htm http://www.ibtimes.com/articles/20080516/oil-goldman-sachs-record-brent-china.htm Fri, 16 May 2008 16:16:21 EDT Emerging markets oil and gas ADRs jumped in afternoon trading Friday as the price of oil set another all-time high on the New York Mercantile Exchange. 117850 http://www.ibtimes.com/articles/20080516/adrs-in-focus-emerging-markets-oil-and-gas.htm Fri, 16 May 2008 15:25:39 EDT U.S. stocks fell on Friday for the second day this week, after reports showed consumer confidence plunged to a 28-year low while crude oil soar to another record high, 117711 http://www.ibtimes.com/data/articleimgs/47766-.jpg http://www.ibtimes.com/articles/20080516/stocks-wall-street-shares-oil-goldman-sachs-economy.htm http://www.ibtimes.com/articles/20080516/stocks-wall-street-shares-oil-goldman-sachs-economy.htm Fri, 16 May 2008 15:12:53 EDT Gold prices picked up yet another 1.5% overnight as the dollar headed lower on anticipation of poor US housing and consumer confidence data being released today. A two-dollar rise in crude oil (to $126.09) was met with a correlated move in gold this time 117549 http://www.ibtimes.com/articles/20080516/hedge-trimming-season.htm Fri, 16 May 2008 08:51:01 EDT Wall Street headed for a modestly higher open Friday as investors watched oil prices hit a new record high and awaited data on new home construction last month. 117565 http://www.ibtimes.com/articles/20080516/stock-futures-up-ahead-of-home-construction-data.htm Fri, 16 May 2008 08:33:24 EDT Precious MetalsGold was dead flat straight through the overseas markets yesterday, but once the NYMEX opened it was off to the races, shooting as high as $887 before selling off about $8 at the noon hour, but then catching a second wind in the Globex and pushing to a finish at $881.00, up $16.60. ... 117547 http://www.ibtimes.com/articles/20080516/the-daily-resource-05-16-2008.htm Fri, 16 May 2008 08:06:01 EDT Gold was up $13 to $878.40 yesterday and silver was up 7 cents to $16.62 (more on silver below). Gold traded flat in Asia and has risen in early trading in Europe to $889 per ounce. 117546 http://www.ibtimes.com/articles/20080516/gold-investments-market-update.htm Fri, 16 May 2008 08:05:51 EDT Hong Kong stocks advanced modestly Friday after Wall Street gained overnight and Cheung Kong rose on an analyst upgrade. The blue chip Hang Seng Index climbed 105.15 points, or 0.4 percent, to 25,618.86. For the week, the index gained 2.2 percent. 117576 http://www.ibtimes.com/data/articleimgs/47017-china-earthquake.jpg http://www.ibtimes.com/articles/20080516/hong-kong-index-climbs-0-4-percent.htm http://www.ibtimes.com/articles/20080516/hong-kong-index-climbs-0-4-percent.htm Fri, 16 May 2008 07:27:33 EDT Chinese stocks fell Friday as investors sold electric utilities and steel companies following recent gains. The benchmark Shanghai Composite Index dropped 0.4 percent to 3,624.23. The Shenzhen Composite Index shed 0.8 percent to 1.124.29. 117561 http://www.ibtimes.com/data/articleimgs/46987-china-earthquake.jpg http://www.ibtimes.com/articles/20080516/china-stocks-edge-lower-utilities-drop.htm http://www.ibtimes.com/articles/20080516/china-stocks-edge-lower-utilities-drop.htm Fri, 16 May 2008 07:08:37 EDT Tokyo stocks edged lower Friday after a four-day winning streak as investors sold recent gainers such as precision equipment and electronics makers. The Nikkei fell 0.2 percent to 14,219.48, after rising more than 4 percent in the previous four sessions. The Topix index of all the Tokyo Stock Exchange First Section issues rose 0.2 percent to 1,395.87. 117537 http://www.ibtimes.com/data/articleimgs/46955-japan-sony-earns.jpg http://www.ibtimes.com/articles/20080516/japan-stocks-edge-lower-ending-winning-streak.htm http://www.ibtimes.com/articles/20080516/japan-stocks-edge-lower-ending-winning-streak.htm Fri, 16 May 2008 04:44:05 EDT China stocks declined as investors sold bank shares on increased concern the government will hold tight money policy to combat anti-inflation. 117394 http://www.ibtimes.com/articles/20080516/china-stocks-declined-tight-money-policy.htm Fri, 16 May 2008 00:25:01 EDT New data suggests that Japan's economy expanded at a faster than expected rate in the first quarter of this year. 117392 http://www.ibtimes.com/articles/20080516/japan-039-economy-beats-forecasts.htm Fri, 16 May 2008 00:10:12 EDT Technology shares gained ground on Thursday after Carl Icahn proposed to change the board of Internet giant Yahoo, saying the firm had "completely botched" negotiations with Microsoft. 117389 http://www.ibtimes.com/articles/20080515/tech-stocks-rise-icahn-agitates-yahoo.htm Thu, 15 May 2008 23:25:12 EDT Crude oil closed modestly lower today, with the June contract settling 10 cents lower at $124.12 a barrel. Larger than expected build in U.S. natural gas inventories pulled crude lower after rallying $2 higher early in the session. 117386 http://www.ibtimes.com/articles/20080515/commodity-news-center-com-market-summary.htm Thu, 15 May 2008 21:14:12 EDT