India's love affair with the yellow metal is gaining strength every year with the 2010 first half showing a 94 per cent rise in demand for gold in India as compared to the 2009 first six months.
World Gold Council on Wednesday said big traditional gold consumers like India and China help gold demand reach 1,050.3 metric tons in the second quarter. In a report, the WGC said this is 36 percent higher than the same quarter in 2009, mostly due to soaring investment demand.
World's largest cooking oil consumer China said the country needs to step up agricultural innovation, including development of its own GM varieties, in response to climate change and to reduce reliance on foreign technologies.
The hot news now is the BHP Billiton's unsolicited offer to buy Canadian fertiliser company, PotashCorp for $40 bn and PotashCorp taking alternative measures to block the bid. It is not yet clear why fertiliser companies have suddenly become hot favourites for acquisitions and mergers.
China's BYD Co Ltd, backed by U.S. billionaire Warren Buffett, warned on Monday of a slowdown in car sales during the second half of the year and said it will launch new models to lessen the impact.
Oil rebounded to top $74 a barrel on Monday on a weaker dollar, but prices stayed close to last week's six-week lows on bulging U.S. inventories and a lack of hurricane activity in the Gulf of Mexico.
The market gained support from the weaker U.S. dollar, which makes oil cheaper for holders of other currencies .DXY, and from a firmer start to trading by European equities.
Douglas Clayton, chief executive officer of private equity fund manager Leopard Capital, has launched his second fund focused on Cambodia.
At a time when China is hurrying to open up its gold bullion sector, India is shying away from allowing banks to invest in Gold exchange-traded funds (ETFs).
This has come to light recently as the Forward Markets Commission (FMC), the commodity futures market regulator, suggesting to the Reserve Bank of India (RBI) that banks should not be allowed to invest in gold ETFs.
Asia's time has come as far as bullion market is concerned. Now, London's Dominance of gold bullion dealing worldwide faces a major challenge in the fast-rising Asian jewelry and investment markets.
Oil rose toward $76 on Thursday, boosted by a rally in equity markets in Asia and Europe on expectations of strong economic growth in China and Germany.
Shares in Hong Kong and Shanghai climbed, with resources companies outperforming the broader market as news of mega-mergers also whetted risk appetite in the sector.
Oil rose to over $76 on Thursday, boosted by a rally in Asian equities as investors focused on the prospects for accelerating Chinese demand for natural resources.
U.S. September crude climbed 19 cents to $75.61 a barrel at 0822 GMT (4:22 a.m. EDT), having earlier risen as high as $76.08. ICE Brent rose 35 cents to $76.82.
The federal government has committed at least $8-billion (and counting) for the development of a nationwide high-speed intercity passenger railway system in almost three-dozen states. Rail advocates have long dreamed of an extensive railway grid that will provide clean, speedy, energy-efficient travel.
General Motors and China's SAIC Motor Corp deepened their ties to include the joint development of small engines and transmissions as the U.S. automaker seeks to draw on the allure of the fast-growing China market ahead of a highly anticipated IPO.
General Motors Co will recall more than 243,000 model year 2009/2010 crossover sport utilities, mainly in the United States, to inspect safety belts for possible damage.
Riding on increased auto sales and jewellery deamand, platinum and palladium have become a favourite investment option for several investors across the globe.
China will begin trading the yuan CNY=CFXS against the Malaysian ringgit MYR= from Thursday, the China Foreign Exchange Trading System (CFETS) said on Wednesday.
The People's Bank of China, the central bank, will start publishing the yuan's mid-point against the ringgit each trading day, as it does for other currencies against which the yuan is traded, CFETS said in a statement on its website.
Bullion analysts across the world have only one advice for the investors now, watch out for China and cash in on the latest move by the dragon land to liberalize the gold market.
From London to new York, from Mumbai to Dubai, all analysts are now banking on the China market to lift gold as in a recent decision Beijing has shown its intention to promote consumer investment in gold. As part of this, China will let many more banks to import and export gold for consumption and also open gold tradi...
The cost of borrowing dollars fell on Wednesday and eurodollar futures rose amid growing market conviction financing rates will remain low for a longer period.
The average cost of 3-month funds in Singapore SIUSD3MD=ABSG fell to a 15-week low of 0.35778 per cent from 0.37611 percent. The rates have fallen every day since July 16, the last time they had risen. Dollar funding costs have fallen by over 10 bps this month.
World's largest gold producer China's output for July recorded an increase by 28.31 tones as it finds another gold reserves in Liaoning Province
According to China's Industry and Information Technology ministry, country's gold output reached 31.897 tonnes in June.
Foreign Direct Investment (FDI) in China rose 29 percent year-on-year in July to hit $6.92 billion, data showed on Tuesday.
General Motors Co is considering selling a chunk of the carmaker's stock to institutions who would commit to buy and hold major stakes as the company prepares for its initial public offering, people familiar with the discussions said on Monday.
The AUD has opened stronger this morning gaining overnight with news that China will take over Japan's place as the world's second largest economy.
