Gold firmed in Europe on Monday as expectations that government measures to address elevated sovereign debt levels may ultimately prove inflationary, and as investors bet interest rates will stay low.
Gold extended gains in Europe on Friday as weaker-than-expected U.S. retail sales data brought risk aversion back to the market, pressuring stocks and the euro and boosting interest in bullion as a safe haven.
Chinese inflation quickened to a 19-month high in May, but a moderation of growth in factory output and capital spending eased worries for some analysts that the world's third-largest economy could boil over.
Chinese inflation quickened to a 19-month high in May, but a moderation of growth in factory production and capital spending could further ease worries that the world's third-largest economy runs the risk of boiling over.
U.S. technology companies hope a preliminary World Trade Organization ruling expected on Friday will persuade the European Union to drop tariffs on three products at the center of the dispute.
The flash crash in U.S. stockmarkets that shook investors on May 6 may be the first of many as the market's herd mentality is exacerbated by ultra fast trading strategies that are rapidly spreading around the world and across asset classes, experts said on Thursday.
Entrepreneurial zeal of Indian women is all set to get a boost as the US-based Women's Jewellery Association (WJA) is launching its India chapter with a view to boost networking among the professional women engaged in the jewellery, watches and related businesses.
Gold prices have surged to the record highs on the Indian commexes hitting Rs.19,198 per ten grams on Multi-Commodity Exchange (MCX) on Tuesday. However, owing to the profit bookings at the upper levels, prices remained weak on Wednesday trading between Rs.18900 to Rs.18999 per ten grams on MCX.
Major Asian oil buyers including India and China bought comparatively less loads of West African oil in June. According to reports, Indian, Chinese Taiwanese and Indonesian end-users bought a total of 1.65 million barrels per day (bpd) of crude from the oil-exporting region in 52 full or part cargoes, down from 1.72 million bpd in 56 cargoes in May.
British telecoms group BT said it had made a new two-year pay offer to its workers in a bid to avert its first strike for more than two decades.
Employers in most economies are more likely to add workers than three months ago, including those in the United States, but big gains are limited to booming emerging economies like Brazil, India and China, according to a quarterly survey by Manpower Inc .
Fuel prices in India is likely to go up this week as a ministerial panel is considering a Committee report that calls for decontrol of fuel prices. The Empowered Group of Ministers are likely to take decontrol decision which may result in prices to go up by Rs 3.35 per litre, which being the difference between the retail price and imported cost.
India-based leading commodity bourse, National Commodities and Derivatives Exchange (NCDEX) has achieved yet another milestone of having one of the most successful steel contract in the world. The exchange today maintained that the average daily traded volumes are in the range of 20, 000 MT vis-à-vis the last 4 years corresponding figure of 9,000 MT.
In a landmark development in India's oil & gas sector history, the empowered group of ministers is believed to deregulate fuel prices in the second week of June, 2010. In India retail fuel prices had been administered by the central government so as to keep the end consumers safe from the uncertainties of the global crude oil price fluctuations.
Finance chiefs raced on Saturday to agree on ways to support growth and make global banks safer with a warning from Washington ringing in their ears that Europe and Japan must do more to boost home-grown demand.
Growth in the euro zone services sector quickened in May, helped by a the recovery in France, but activity slowed in the big emerging economies and was stable in the United States, surveys showed on Thursday.
Nokia Oyj unveiled on Thursday four new cheap phone models, and a first bicycle charger from the world's top cellphone maker, aiming to protect its dominant market share on emerging markets.
In the last few months, speculation has been rife in bullion markets around the world that China will be buying the gold that the International Monetary Fund (IMF) is disposing of these days. But is China buying the IMF gold? It looks, despite the hype about Chinese plans to amass gold reserves in place of the US dollar, the dragon country is not in a mood to buy gold from IMF.
Gold prices surged to all time records in India and neighboring Nepal as the marriage season demands more purchase of the yellow metal. In India, world's largest gold market, prices zoomed to an all-time high of Rs 19,050 per ten grams here while in Nepal prices rose to another record high of Nepal Rs 30,910 per 10 grams.
Group of 20 nations must agree to put public finances back on a sustainable path but in a way that doesn't choke off global recovery, Treasury Secretary Timothy Geithner said on Wednesday.
Iran's central bank will sell 45 billion euros from its reserves to buy dollars and gold ingots, a report on the website of state-owned Press TV said on Wednesday.
Some of the world's richest central banks will not stop investing in the euro, supporting its reserve status, despite the sovereign debt crisis hammering the euro zone's currency, government sources said.
