Gold prices held just below $1,200 an ounce in Europe on Friday, little changed from the previous session, as the dollar stayed in a holding pattern ahead of hotly awaited U.S. non-farm payrolls data later in the day.
Hyundai Motor Co, South Korea's top automaker, aims to sell about 17 percent more cars in India this year as the fast-growing south Asian country boosts consumer spending, a top official said on Friday.
India and China, the power engines of the East, are now the force behind the rising gold demand. If Chinese and Indian customers stop buying the yellow metal, the bullion market will collapse within days. So much is the power of rising middle class in China and India that they are rising in both number and percentage terms dramatically, as these nations are developing on every front.
Crude oil prices were steady on Friday near $82 before a report expected to show U.S. employment declined for a second straight month in July, as investors watch for clues to the pace of economic and energy demand recovery.
India's Mahindra & Mahindra is planning bid up to $400 million for troubled South Korean automaker Ssangyong Motor, sources said, as it seeks to become a major global utility vehicles maker.
The announcement that a search for a successor to Ratan Tata, chairman of the Tata group, has begun was every bit as understated as the man who has steered India's second-biggest conglomerate for nearly two decades.
India's top car maker Maruti Suzuki may manufacture cars for German auto firm Volkswagen's global market on a contract basis, three newspapers said on Thursday, citing Maruti's managing director.
Lebanon will assess security concerns relating to the use of BlackBerry phones, the telecom regulator said on Thursday, making it the latest country to raise worries over the smartphone devices.
Slowly China is turning into a Gold's own country. Till now India boasted of its unchallenged gold power with the farmers and most of the 1 billion people buying the yellow metal on any religious or special occasions.
Oil fell for a second day on Thursday, approaching $82, as dollar strength kept a lid on prices, neutralizing the effect of upbeat U.S. employment data and a drop in the nation's crude inventories last week.
The cost of borrowing dollars in Asian interbank markets fell to a three-month low on Thursday after recent poor economic data fuelled expectations the Federal Reserve would resume buying Treasuries to support liquidity.
Oil fell for a second day on Thursday, approaching $82, as dollar strength kept a lid on prices, neutralizing the effect of upbeat U.S. employment data and a drop in the nation's crude inventories last week.
At the same time, U.S. stockpiles of gasoline and distillate fuels, including diesel, extended a string of gains, contributing to a mixed perception about the outlook for oil demand from the world's top consuming nation for the rest of the year.
Research in Motion is at odds with the governments of India, Saudi Arabia and the UAE over their demands that the company let authorities tap BlackBerry messages delivered using RIM's rock-solid encryption technology.
Research In Motion stock tumbled more than 4 percent on Wednesday as mounting concerns that Saudi Arabia will block its service clouded any positive sentiment generated by Tuesday's launch of a new BlackBerry.
Gold rose above $1,200 an ounce in Europe on Wednesday as a swell of fund buying put the price on track for its sixth successive daily gain.
A soft performance on the global equity market and expectations for a rise in Chinese demand were early drivers to the day's rally, although U.S. private sector jobs data pushed up the dollar and diffused some of gold's safe-haven appeal.
Slowly China is beating India in gold business and the Dragon land is making considerable progress in the yellow metal trade. As part of its strategy to expand the gold business, China has allowed more banks to import and export gold.
Gold rose above $1,190 an ounce in Europe on Wednesday, benefiting from softer appetite for assets such as stocks and hopes for a rise in Asian demand, though an ongoing dearth of safe-haven demand capped gains.
Spot gold rose to a high of $1,197.05 an ounce, its strongest since July 23, and was bid at $1,194.95 an ounce at 5:37 a.m. ET versus $1,185.35 late in New York on Tuesday. U.S. gold futures for December delivery rose $9.60 to $1,197.10.
More of Europe's top banks beat earnings forecasts on Wednesday, as bad debts shrank more than expected in the first half, outweighing a slowdown in investment banking, which was hit by sovereign debt fears.
Gold extended gains and rose to its strongest in a week on Wednesday as investors shifted out of equities after poor U.S. data sparked concerns about the health of the global economy.
Southeast Asia is home to some extremely exotic, at times funny-looking, fruit. Many visitors enjoy gazing at the colourful, interesting fruits as they pass by the fruit stands, but too many miss out on their delicious flavour, simply because they are unsure what to expect.
Gold firmed on Tuesday as physical consumers took advantage of lower prices to buy into the metal and as China announced moves to allow greater freedom in its gold trade, but a lack of investment kept a lid on gains.
Spot gold was bid at $1,184.95 an ounce at 1334 GMT (9:34 a.m. EDT), against $1,181.25 late in New York on Monday. Earlier it rose as high as $1,188.75. U.S. gold futures for December delivery climbed $1.80 to $1,187.20 an ounce.
Kuwait has asked BlackBerry maker Research in Motion to block pornographic sites though will not suspend services like other Gulf states have threatened to do, a local newspaper reported Tuesday.
