Rubber futures rallied on Tokyo Commodity Exchange (TOCOM) on Friday, on expectations China may top off its stocks and on continued supply concerns.
As comments from Dublin and Brussels strongly hint at the possibility of Ireland formally seeking international financial support sooner or later, analysts are mulling the chances of a possible bailout of the stricken Celtic Tiger by the robust Chinese Dragon.
The top after-market NASDAQ stock market losers are: Shengkai Innovations, Autodesk, Blue Coat Systems, Intuit, China BAK Battery, Marvell Technology Group, Polycom, Motricity, Windstream, and Nuance Communications.
In the following interview of IBTimes with Jonathan Rose, President and CEO of Capital Gold Group, he talks about the recent cool down of the gold price, the impact of the non-results of the G-20 summit, the different mentality of investors in the U.S. and Britain regarding gold, and says that the Federal Reserve and gold ETFs should be properly audited.
ASEAN countries are seeking foreign direct investments -- especially those from OECD countries -- to power their economic growth.
Shares of automaker General Motors opened at $35 in its first trading day on the NYSE after recovering from a government funded bailout. The opening price was an increase of 2 percent from its IPO price of $33.
Silver rallied sharper than gold on Thursday and some analysts see the trend to continue as many big global players are yet to cover their huge short positions in the white metal. A broadly weak US dollar, growing expectations that Ireland will soon be bailed out by the EMU and an absence of fresh cues from China about it raising the policy rates also helped an across-the-board rise of commodities on the day.
A recent study has put Russia ahead of its Western Europe counterparts as a hot MBA recruitment destination. Retaining the momentum in hiring for the second year, it has shown a steady 22 per cent growth in MBAs recruited, according to QS TopMBA Jobs Index.
GM will begin trading on the New York Stock Exchange beginning today after a landmark intial public offering, from which GM is expected to raise as high as $23.1 billion.
The top pre-market NASDAQ stock market losers are: SmartHeat, Verigy, A-Power Energy Generation Systems, Sears Holdings, Legacy Reserves, Clean Energy Fuels, Hologic, Synchronoss Technologies, and Avanir Pharmaceuticals.
A global study from Motorola says more people prefer paid TV content rather than free-to-air, despite the latter being more available.
Rubber recovered most of the losses it suffered on China rate hike fears, partly helped by a broadly weak US dollar and speculative buying interest on the commodity. The benchmark April futures on Tokyo Commodity Exchange settled Thursday at 369.2 yen per kilogram, 7.1 yen up on the day and nearly 4.5 percent higher from Wednesday's close.
Ford Motor co engineer Xiang Dong Yu, 49, of Beijing, China, pleaded guilty today in federal court to two counts of theft of trade secrets.
Caterpillar Inc.'s (CAT) $7.6 billion-acquisition of rival Bucyrus International is likely to trigger a consolidation of the attractive mining equipment industry.
Rodman & Renshaw has initiated Biostar Pharmaceuticals with a market outperform rating and a price target of $7, saying that its hepatitis B drug Xin Aoxing could drive future growth for the Chinese Pharma company.
Chinese Premier Wen Jiabao said on Wednesday that the State Council, China’s cabinet, is drafting measures to contain rising commodity prices.
The top after-market NASDAQ stock market losers are: SmartHeat, A-Power Energy Generation Systems, Legacy Reserves, Nxstage Medical, Popular, Career Education, Mattel, PetSmart, Sears Holdings, and BE Aerospace.
A day after cutting the weighting of US dollar and yen in the SDR, the International Monetary Fund (IMF) said it did not include China's yuan in the basket as the currency does not meet the freely usable criteria.
China has stepped up its fight against food inflation by announcing plans for price controls, the selling of government supplies, and subsidies to needy families.
A congressional advisory panel has recommended that politicians in Washington D.C. pressure the Obama administration into more forceful action against China for keeping its currency artificially undervalued and, thereby, worsening the trade deficit of the U.S.
President Obama’s call to make the U.S. an exporting powerhouse (i.e., double their volume within five years), is a plausible goal, according to Milton Ezrati, senior economist and market strategist at Lord Abbett.
General Motors Co is inching closer towards returning to the U.S. market in one of the biggest IPOs in the U.S. history and could even become the world's largest.
