Oil rose toward 12-week highs above $79 on Monday, driven by investor appetite for commodities and energy risk, with macroeconomic indicators in top consumers the United States and China showing slower but sustained growth.
The Australian Dollar has opened up firmly above 0.9000 this morning after the release of two major announcements on the weekend: US GDP Q2 figures and China PMI (purchasing manger's index) for the month of July.
Employment, it turns out, may not be such a laggard after all.
More than a million BlackBerry users may have key services in Saudi Arabia and the UAE cut off after authorities stepped up demands on smartphone maker Research In Motion for access to encrypted messages sent over the device.
A Sub-committee on agriculture, appointed by the Prime Minister's Council on Trade and Industry, met for the first time and decided to come up with a plan to achieve higher growth in the agriculture sector through public sector involvement. The country's average farm growth in the first three years of the 11th Five-Year Plan period (2007-12) has been only 2.2 per cent, against the target of 4 per cent for the entire period. The mid-term appraisal has estimated the average growth in the sector to...
After a rally towards the end of 2009, base metals have tumbled in the first half of 2010 on China monetary tightening and concerns about sovereign debt problems in Euro Zone nations. Apart from the temporary upward movements seen in copper, nickel and aluminium analysts hold divergent views on prospects for base metals ahead in 2011. Against this backdrop, Atul Shah, Head of Emkay Commotrade, talks to Sreekumar Raghavan of Commodity Online that prospects for base metals in the medium term looks...
The base metals have recovered from the depressed levels of early June with prices trending higher in July and hence Natixis Commodity Markets maintains a positive view for base metals. The impact of escalating sovereign debt crisis in Europe and unctertainy over China's efforts to curb excessive credit creation which were the main concerns of the first quarter of 2010 has eased, Natixis Commodity Markets maintains.
With a series of auto makers announcing good sales and profits this week, palladium prices soared to new heights on Friday. Palladium settled up $22.50, or 4.8 percent, at $491.20 an ounce. Palladium and platinum, which also is higher, are used in making catalytic converters for cars.
Investors in India are waking up to the power of gold. In a recent survey, it has come out that Asian investors are more likely to buy gold in the next six months than their North American and European counterparts.
Honda Motor Co and Renault joined their rivals in reporting strong results for the quarter to the end of June, as the auto industry faces growing concerns over slowing demand in the United States, China and Europe.
China has overtaken Japan to become the world's second-largest economy, the fruit of three decades of rapid growth that has lifted hundreds of millions of people out of poverty.
Honda Motor Co raised its full-year forecasts after posting a record quarterly net profit on Friday, while brisk sales returned France's Renault to profit in the first half.
ad news emanating from the US may impact copper prices and demand in the coming months even though China's still hungry for the metal. US durable goods order was dismal after witnessing the decline in consumer confidence earlier this week. The negative impact of the news is expected to soften copper.
Adverse weather conditions in major wheat producing regions prompted International Grains Council to trim estimates by 13 million tones this year. According to its latest report, the IGC also trimmed its forecast for world corn production, lowering its forecast for inventories of the grain to a four-year low.
Once again Europe has come to the rescue of gold, which has been witnessing a steady slide during the past few weeks. With Italy and Greece plunging into crisis again, the uncertainty looming over Europe has added to the fear among investors and gold prices are set to cash in on this panic with more demand from safe haven buying.
Honda Motor Co posted its best quarterly operating profit in 2- years on Friday on brisk sales in the United States, China, and other Asian markets, and raised its forecasts despite a sharp rise in the yen.
The privately held parent of China's Geely Automobile said on Friday it had received the nod from China's state planner for its purchase of Ford's Volvo unit, a critical step for its plans to turn around the Swedish carmaker.
Wall St stock index futures pointed to a lower start on Friday as investors stayed cautious ahead of U.S. GDP data, with S&P 500, Dow Jones and Nasdaq futures down 0.3 to 0.4 percent at 5:11 a.m. ET.
Samsung Electronics , the world's No.1 memory chipmaker, warned of weaker margins and profit growth after posting record quarterly earnings, as prices of chips and flat screens drop and smartphone competition grows.
Asian stocks sagged on Friday as worries U.S. growth data may surprise on the downside and downbeat comments from a Federal Reserve official gave investors reason to book profits from a steady rally this month.
Palladium, which has been hoping to perform better in the coming months with auto sales zooming in several countries, witnessed a turbulent month in July.
Google Inc said its earlier report that Internet search services in China were being fully blocked could have been the result of a technical glitch that overstated the problem.
