Energy shares drove U.S. stocks higher on Friday as India's largest listed company will form a joint venture with independent gas company Atlas Energy, while conflicting news on debt-laden Greece kept a lid on gains.
Sales of passenger cars grew by almost two-thirds in China last month as buoyant consumer sentiment bolstered spending on big-ticket items in the world's third-largest economy.
The sub-prime crisis, recession, Dubai World disaster and now the Greek debt tragedy. What is the common link to all these incidents which happened during the past two years? Even as the world has been grappling with all these tragedies, there has been one market which was thriving on all these disasters. That is bullion. Gold always celebrates tragedies. And during these past two years there has been no dearth of tragedies in the world. And, gold has been on a high all through these catastrophe...
Nokia will offer free music with its mobile phones in China, as it looks to emerging markets to boost the download service that is struggling to compete with Apple Inc's popular iTunes.
Nokia will launch its music downloading service in China, the world's largest mobile market, looking to emerging markets to invigorate the struggling service that competes with Apple Inc's popular iTunes.
India's largest vehicle maker, Tata Motors, said one of its ultra-cheap Nano cars caught fire on Wednesday as it was driven to a dealer, the second such incident this year.
Pakistan's raw cotton exports surged during July-March 2010 and also fetched the highest-ever price in the international market due to quality, according to Trade Development Authority of Pakistan (TDAP). In a report, TDAP said the country exported around 899,290 cotton bales till March 31, 2010 to India, Bangladesh, Indonesia, Vietnam and Central Asia.
The upbeat movement in steel prices in the last one month created much debate as the price rise in the key input to varied industries including automobile, real estate, consumer durables, has created ripples of turbulence across the sectors. But it is evident from the global coal scenario that steel prices may continue to dent the profitability of key sectors in India.
World's largest oil consumer, the US increased its crude oil price forecast for 2010 on projections of a speedy global economic recovery. In its monthly Short- Term Energy Outlook, the US Energy Department said the West Texas Intermediate oil, the US benchmark, will average $80.74 per barrel this year, up from last month's forecast of $80.06.
At a time when gold prices are showing a downfall, in the US the gold coins business is roaring. Does it have anything to do with the gold scam which rocked the world last month. It seems so. Gold exchange traded funds (ETFs) and future trading are under the shadow for the past few weeks due to the US Commodity Futures Trading Commission hearing where gold cartels were exposed by some traders. In fact investors have been short-changed by big cartels during the past many years, especially during...
The world has been hit with recession, subprime crisis, bubbles, inflation, deflation and stock market crashes in the last 10 years. But one asset has withstood the economic turmoil and remained as the most robust investment vehicle for the poor and the rich alike in the world is, of course, gold.
British mobile telecoms group Vodafone said it will launch the Opera Mini browser on low-cost handsets so its millions of users in emerging markets can easily access the Internet, lifting Opera's shares.
Treasury Secretary Timothy Geithner said on Wednesday that governments must work to bring more people into the banking system as part of efforts to improve the balance of economic growth.
China will ultimately decide more yuan flexibility would benefit it, Treasury Secretary Timothy Geithner said on Tuesday as Beijing defended its currency policy and said any changes would be on its own terms.
A cyber-espionage group based in southwest China stole documents from the Indian Defense Ministry and emails from the Dalai Lama's office, Canadian researchers said in a report on Tuesday.
A cyber-espionage group based in southwest China stole documents from the Indian Defence Ministry and emails from the Dalai Lama's office, a group of Canadian researchers said in a report released Tuesday.
Treasury Secretary Timothy Geithner said he was confident that China would see that it is in its own interest to make its currency more flexible, and said global economic recovery looks quite strong now.
Gems and jewellery exports from India, the world's largest supplier, is expected to grow to US$ 25 billion by 2012, according to the Investment Commission of India. India is the largest importer and consumer of gold in the world. Exports jewellery products consisting of gold and silver jewellery items from the country grew from $5.54 billion (Rs.22,315 crore) in 2007-08 to $6.85 billion in 2008-09 despite the economic slowdown.
Confusion confounded. That is the apt description for the global bullion markets now. Talk of gold, you will get a bunch of positive advices from market analysts saying that Indian festival and wedding seasons are round the corner and the demand for the metal is set to go up in the coming days.
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U.S. Treasury Secretary Timothy Geithner will try to strengthen bilateral ties with India during talks in New Delhi this week, but his visit may be overshadowed by Washington's tense relationship with China. Both the United States and India will be simultaneously pushing trade and foreign exchange agendas with China, as they discuss cooperation on infrastructure development and financial markets.
A few months ago I had written about the gold's love for tragedies. Gold always thrived on disasters like recession and rising inflation rates. So when the world is looking rosy and there are no immediate financial dangers lurking in the backyard of countries, what will the much-sought-after yellow metal do? If you want to know this, just have a look at the movements of gold prices in the recent past when World Bank and International Monetary Fund predicted that the global economy is back on tra...
