HSBC's half-year profit more than doubled from a year ago to easily beat analysts' expectations as bad debts at Europe's biggest bank fell to their lowest level since the start of the financial crisis.
Contract cellphone maker Foxconn International has resumed operations at a mobile phone parts manufacturing facility in India, it said on Monday, sending its shares up more than 5 percent.
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.
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.
Over a million BlackBerry users face being cut off from key services in Saudi Arabia and the UAE after authorities stepped up demands on maker Research In Motion for access to encrypted messages sent on the smartphone.
BlackBerry maker Research In Motion was hit with its first major ban on Sunday after the United Arab Emirates, citing security risks, said BlackBerry services would be barred in October.
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.
Global wheat prices are expected to remain higher due to lower output forecast by International Grain Council (IGC) and the UN's Food and Agriculture Organization (FAO). IGC has revised the global wheat forecast lower by 1.9% for the 2010-11 to 651 million metric tons due to the output losses in parts of Black Sea regions, such as EU and Canada.
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.
Indians are slowly learning to live with the high prices of gold. The signals to this effect are visible in the bullion market now.
According to reports, India's gold imports showed a gain of 7.79 per cent in seven months to July this year on improved festival demand and occasional buying from retail consumers.
Most of the people in Pakistan view the US as an enemy and see a significant threat from India though extremist groups are active in the country, said a poll from Pew Research Centre
India's Wholesale Price Index inflation for food and fuel, power, light & lubricants has rose by 0.4% for the week ended 17th July as compared to 307.5 for the previous week.
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.
Gold gained on Friday as jewelers across Asia replenished stocks and other physical buyers snapped up bullion ahead of U.S. second quarter GDP data that will offer clues on the direction of the economy.
With worries about the debt crisis in Europe diminishing, gold could attract safe-haven buying as growth in the U.S. economy probably slowed in the second quarter on reduced consumer spending.
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.
Fourteen diamond companies from Antwerp, Belgium, will exhibit in the Antwerp Diamond Pavilion at the 27th India International Jewellery Show in Mumbai from August 19 to 23.
Gold steadied on Thursday, with price-sensitive physical buying keeping the metal off the last session's three-month lows, but a revival in appetite for assets seen as higher risk took the heat out of safe-haven demand.
Gold firmed in Europe on Thursday as some buyers were tempted back to the market by the precious metal's fall to three-month lows, while the weaker dollar also helped support prices.
European investment remained lackluster as risk appetite sharpened, however, while the world's largest gold-backed exchange traded fund reported a hefty outflow on Wednesday.
India has raised security concerns with Research In Motion over the Canadian company's popular BlackBerry services, but is not planning a ban in the world's fastest growing mobile phone market.
