INDIA

Japan's JFE Holdings , the world's fifth-largest steelmaker, returned to a profit on Tuesday and U.S. Steel posted a narrower loss, but both gave lackluster forecasts, with the Americans complaining of slower order rates.

Finally, the US housing sector is back on track posting a 24 per cent growth in June. June's rebound in new home sales should be viewed as a major boost to the US economy. But the problem is that any good news from the world's biggest economic power is a setback to the gold prices, which have been maintaining record levels in the recent past.

The euro hovered close to a two-month peak against the dollar on Tuesday, retaining support after last week's European bank stress tests revealed no horrors while increased demand for riskier assets weighed on the dollar.

Gold gained on Tuesday in a thin market driven by a firm euro and a technical rebound as prices briefly hit the 100-day moving average, while jewelry makers stayed on the sidelines after recent purchases. Investors are turning their attention to a series of U.S. data that may set the tone for prices, which have dipped more than 6 percent after surging to a record $1,264.90 in early June. Silver also firmed, while strong equities underpinned platinum.

With the diamond flow becoming tight in global markets, Surat's diamond polishing units are now awaiting roughs from Zimbabwe, which recently got a reprieve from the KP scheme, which allowed the country to sell a portion of its diamond stocks.

Nissan Motor Co said orders in Japan for the revamped March subcompact reached 12,147 units as of Sunday, representing more than three times the monthly target after less than two weeks on the market.

After one patient died and others suffered serious complications following Lap-Band surgery, Dr. Neelu Pal had seen enough. A petite surgical resident now aged 40, she began quietly calling patients about to undergo the weight-loss procedure at New York University's Medical Center, telling them she feared for their safety.

There is good news for the economies in Europe as the European bank stress test passed off without much problems. However, this good news has become a pain for gold prices as the stability in EU economy is set to hit the yellow metal in the international market.

Fund flows into commodity markets continued to rise in the first half of 2010 despite the difficult six months but analysts are increasingly warning of a slowdown as weak returns dent investor confidence. Money managers have piled into commodities in recent years in search of stronger returns and protection away from the troubles of equity and bond markets during the financial crisis. But for many, the promise of diversification, hedges against inflation and any kind of correlation between risi...

If anybody thought the recent slide in gold prices is an indication of the yellow metal's losing power to sustain above $1,200 per ounce level, think again. According to analysts, gold prices are set to rise and rise in the coming months and years. They said gold prices are set to mark an eleventh year of gains in 2011 as investors seek refuge from an uncertain global economic outlook.

Gold fell on Friday, giving up earlier gains, as caution hit financial markets ahead of the results of European bank stress tests, with renewed strength in the dollar helping pull the metal back from $1,200 an ounce. The results of stress tests are due at 1600 GMT.

Surat, the diamond capital of India, heaved a sigh of relief on Friday when credit rating agency CRISIL said India's diamond industry is expected to remain stable this fiscal, on the back of steady demand and improved prices, although the Eurozone crisis may have some impact on gems and jewellery exports.

Gold rose toward $1,200 an ounce in Europe on Friday, supported by dollar weakness, as a retreat in risk aversion led to a return of the two assets' usual inverse relationship. All eyes are on the results of European bank stress tests, due at 1600 GMT. Signs of distress in the sector could lead to fresh interest in gold as a haven from risk, analysts said.

India has come up with the world's cheapest laptop, a touch-screen computing device that costs $35.

Caterpillar Inc , UPS and other U.S. multinationals reported strong quarterly results on Thursday, suggesting the global economy may be on a stronger footing than previously thought.

It was a miserable winter day in January 2007, the kind that makes auto executives in the Motor City wonder why they hold the Detroit Auto Show at the most inhospitable time of the year.

Strong results from major U.S. multinationals such as Caterpillar Inc and UPS suggest the global economy may be on a stronger footing than previously thought.

Industrial companies, including Caterpillar Inc and 3M Co , credited demand from emerging markets like China for another round of stronger-than-expected quarterly results and improved 2010 forecasts.

It was a miserable winter day in January 2007, the kind that makes auto executives in the Motor City wonder why they hold the Detroit Auto Show at the most inhospitable time of the year.

Hershey Co reported a higher-than-expected quarterly profit on Thursday, as increased advertising helped drive the U.S. chocolate maker's sales even as a joint venture in India struggled.

It was a miserable winter day in January 2007, the kind that makes auto executives in the Motor City wonder why they hold the Detroit Auto Show at the most inhospitable time of the year.