The Australian Dollar has opened this morning below 0.8900 after sliding from its Friday close in the US of 0.8940 after the results of the Australian federal election on Saturday that has produced the first hung Parliament in 70 years.
Indian gold market this week witnessed some busy business as the festival season is nearing fast. India will celebrate Raksha Bandhan on August 24 and the southern state of Kerala, which is the largest consumer of yellow metal in India, will celebrate Onam on August 23.
U.S. government data released on Friday showed employment conditions varied widely from state to state in July, indicating that the economic recovery may not be consistent across the country.
Fiat boss Sergio Marchionne is heading for a showdown with powerful industrial lobbies as he pushes for more flexible work practices that could lead to a broader shakeup of rules in the Italian car industry.
Mutual funds and other large stockholders may rebalance auto sector holdings after General Motors Co's initial public offering, but day-to-day stock prices are not the main measure of Ford Motor Co's turnaround
Douglas Clayton, chief executive officer of private equity fund manager Leopard Capital, has launched his second fund focused on Cambodia.
The U.S. government proposed major changes on Thursday to the way it works with companies to fight new disease threats such as flu, including reform at the Food and Drug Administration and setting up centers to make vaccines quickly.
The number of U.S. movies showing people smoking has declined since 2005, but cigarettes still feature in far too many films and could be influencing young people to take up the habit, according to a report released on Thursday.
More Americans with psychiatric conditions are being treated with drugs alone compared with a decade ago, while talk therapy -- either by itself or in combination with medication -- is on the decline, a new study finds.
U.S. crude oil prices fell below $74 a barrel after this week's feeble U.S. economic data raised doubts about the top oil-consuming nation's ability to use up its highest petroleum inventories in two decades.
U.S. crude prices for September fell 73 cents to $73.70 a barrel by 1220 GMT on contract expiry day, continuing a two-session drop.
The Federal Reserve's balance sheet shrank in the latest week, partly due to a decline in its holdings of mortgage-related securities, Fed data released on Thursday showed.
All the signs of a gold boom were visible at the venue of the India International Jewellery Show (IIJS) in Mumbai this week. Even as India gets ready for ushering in the festival season with Raksha Bandhan on August 24, the IIJS provided a perfect start for the gold market in the country.
U.S. crude oil prices hovered below $75 a barrel and near six-week lows after weak U.S. economic data this week raised doubts about the top oil-consuming nation's ability to work through the most ample petroleum inventories in two decades.
Japanese Finance Minister Yoshihiko Noda said on Friday his ministry is communicating with other Group of Seven nations on currencies amid concern the strong yen will further dent the country's slowing economy.
The dollar steadied against the yen on Friday but stayed within reach of a 15-year trough hit last week, after weaker U.S. data prompted investors to sell higher-yielding currencies and stocks on risk aversion.
Crude was steady near a six-week trough below $75 a barrel, after weak U.S. economic data signaled the world's top oil-consuming nation will struggle to work through the most ample petroleum inventories in two decades.
Gold rose on Friday, holding near a 1- month high hit the previous day as worries about a deepening U.S. economic slowdown escalated and helped push up holdings in the ETF for the third consecutive day.
Gold extended gains in Asian trade Friday as its appeal as a safe haven asset soared on reports of deepening U.S. economic concerns.
Gold for immediate delivery was seen trading at $1232.18 an ounce at 12 noon Singapore time while US gold futures for December delivery was at $1,235.47 on the comex division of Nymex.
J.D. Power and Associates cut its U.S. auto sales forecasts for the remainder of 2010 and 2011 as it expects a slow economic recovery
Results indicate substantial loss of fibre mass, force and power in the muscles group translating into a 40 percent reduction in the capacity of an astronaut to do physical work.
The Australian Dollar endured a lack lustre session during Asian time yesterday with the little battler limited to a 35 pip range.
The Australian Dollar has opened lower this morning, falling back through USD0.8950 overnight following some disappointing US data releases.
