The Euro price of Gold Bullion today slipped back to last week's finish just below €32,000 per kilo - reversing Monday's 1.0% rise - as the single currency hit new 6-month highs to the Dollar above $1.4240.
Hewlett-Packard Co said on Tuesday it is assessing the impact to its business of the earthquake and tsunami that struck Japan earlier this month and that its office in Sendai, near the quake's epicenter, remains closed.
The president of Uganda, Yoweri Museveni, has written a lengthy a column in The New Vision newspaper of Uganda in which he condemned the western alliance’s military strikes on Libya. He also proposes a resolution to the Libyan crisis through the auspices of the African Union.
U.S. firms are increasingly vexed over growing Chinese red tape that prevents them from expanding quickly in China's vast market, a survey by the American Chamber of Commerce showed on Tuesday.
U.S. stocks surged on Monday as sentiment was buoyed after Japan made progress in its battle to control radiation leaks at a crippled plant, and AT&T announced that it will buy T-Mobile USA from German company Deutsche Telekom to create the largest mobile provider in the United States.
China's Foreign Ministry said on Tuesday that it did not accept accusations from Google Inc that the Chinese government was making it difficult for Gmail users to use the service in the country.
U.S. firms are increasingly vexed over growing Chinese red tape that prevents them from expanding quickly in China's vast market, a survey by the American Chamber of Commerce showed on Tuesday.
China's exports of rare earth metals burst through the $100,000-per-tonne mark for the first time in February, up almost ninefold from a year before, while the volume of trade stayed far below historical averages.
Global miner Rio Tinto said on Tuesday its first-quarter iron ore production would be hit by a string of cyclones that swept through its mining operations in Australia last month.
The Dow Jones Industrial Average climbed back above 12000, boosted by a major telecommunications deal and a jump in energy stocks as oil prices leapt.
The crisis in Libya has led to the revelation of a rare public disagreement between the two most powerful political leaders in Russia, according to the RIA Novosti news agency.
Anadarko Petroleum Corp
on Monday signed a $1.55 billion deal with state-owned Korea National Oil for one-third of the U.S. company's interest in the Eagle Ford shale in South Texas.G7’s coordinated effort to weaken the Japanese yen was a surprise to most. Douglas Borthwick of Connecticut-based Faros Trading, however, anticipated this development.
Tiffany & Co expects sales growth in markets like China and Australia this year to help make up for the earthquake and tsunami that are hurting results in Japan, its second-largest market.
The real war has started in Libya with the allied forces pounding Gaddafi strongholds and military installations with missiles and bombs. The future of International Oil Companies (IOC) operating in Libya has come under increased pressure with this turn of events.
In RBC Capital Markets' 'Generally Speaking' edition defense and geopolitical adviser General Charles Vyvyan has discussed in detail the action plan laid out in the United Nations Resolution 1973 pertaining to Libya and its potential consequences.
Tiffany & Co gave a stronger-than-expected sales outlook for its fiscal year despite the impact of the disasters that hit Japan, its second largest market, and the luxury jeweler's shares rose more than 6 percent.
Google Inc on Monday accused the Chinese government of making it difficult for Gmail users to access the service in the country, the latest development in a rocky relationship between the two.
While 285,000 students left the country for education in 2010 alone, there was also a 25 per cent year-on-year increase in the numbers returning home.
US stocks ended higher on Friday as sentiment was buoyed after Libya announced a cease-fire and the Group of Seven (G-7) Finance ministers agreed to intervene in the markets to stabilize the Japanese yen.
There was intense speculation on Monday about the whereabouts of Libyan leader Colonel Muammar Gaddafi after allied forces bombed his compound Sunday night, an action reminiscent of the 1986 attack by the U.S. on Gaddafi's compound in which his daughter was killed.
Oil prices jumped more than 2 percent to top $116 a barrel on Monday as Western forces launched air strikes on Libya, while Asian shares advanced on bargain hunting in the wake of heavy losses last week.
