The Gold Price in Euros broke fresh all-time highs overnight in Asian trade, hitting more than €34,500 per kilo - some 38% higher in 2010.
China is finally stepping up to fight corruption, which has been rated as the number one problem for progress. The country issued the first ever white paper on the nation's anti-graft efforts, Xinhua, the official news agency of the government said.
Futures on major U.S. stock indices point to modestly higher opening on Wednesday with futures on the S&P 500 up 0.10 percent, futures on the Dow Jones Industrial Average up 0.10 percent and Nasdaq100 futures up 0.25 percent.
U.S. stocks advanced in a thinly traded session on Wednesday with the S&P 500 eyeing its best December in nearly two decades as investors remained optimistic about the prospects for equities next year.
China's central bank raised rediscount rates for banks for the first time in two years and also raised the one-year relending rate, in yet another indication that bank is serious about tightening policy.
Overseas shares traded in the United States were higher in a quiet session on Wednesday, with commodity stocks leading the way in a rebound from recent declines.
Shares of General Motors rose more than 2 percent Tuesday after a slew of analysts advised buying shares of the automaker, which has raised $23 billion recently in the world's largest IPO.
U.S. stocks advanced on Wednesday as investors remained bullish about the prospects for equities in 2011, keeping a December rally intact.
U.S. stocks index futures rose on Wednesday, indicating stocks were poised to extend a December rally as investors remained optimistic the global economic rebound will continue in 2011.
China should hasten the liberalisation of its interest rate market to rein in accelerating inflation in the world's second-biggest economy, a senior Chinese central bank official said on Wednesday.
China-based Perfect World, an online game developer, has announced the launch of unlimited closed beta testing for Empire of the Immortals, a new MMORPG for the Company's Immortals franchise.
China will not relax curbs on property speculation in 2011 and will reinforce the implementation of measures to contain rising home prices, domestic media reported on Wednesday, citing Housing Minister Jiang Weixin.
Barnes & Noble Inc lost its bid to dismiss Spring Design Inc's lawsuit accusing the largest U.S. bookseller of illegally copying a screen design for the popular Nook electronic book reader.
General Motors Co shares rose as much as 3.1 percent and closed 2.1 percent higher on Tuesday after banks resumed coverage of the automaker with high marks for its strong post-bailout balance sheet and its position in emerging markets.
Shares of rare earths prospectors soared on Wednesday after China cut export quotas, threatening to reduce already tight global supplies and a risking action from the United States at the World Trade Organization.
Shares of rare earths prospectors soared on Wednesday after China cut export quotas, threatening to reduce already tight global supplies and a risking action from the United States at the World Trade Organization.
China's Commerce Ministry said on Wednesday it would not issue more export quotas for foreign companies as it did last year and the first set of volume totaling 14,446 included those for foreign firms.
China said on Tuesday it will cut its export quotas for rare earth minerals by more than 11 percent in the first half of 2011, further shrinking supplies of metals needed to make a range of high-tech products.
General Motors Co shares rose as much as 2.5 percent in midday trading on Tuesday after banks resumed coverage of the automaker with high marks for its North American sales and position in emerging markets.
The Dow and S&P 500 rose in light trading on Tuesday, extending December's rally, as cold weather in the Northeast lifted oil prices and energy shares.
Nokia Siemens Networks said it should complete its acquisition of Motorola's wireless infrastructure assets in the first quarter of 2011, once Chinese regulators give the nod.
Nokia Siemens Networks' agreed $1.2 billion acquisition of Motorola's telecom network equipment arm has been delayed by the Chinese regulator, which has yet to grant permission for the deal.
