Commodity Online
NEW YORK: Gold prices also went up ahead of a US employment report and recorded well above $ 900 an ounce in New York on Wednesday.The precious yellow metal rose to $US90...
Commodity Online
NEW YORK: World oil prices surged nearly four percent to $ 104.78 a barrel at the New York Mercantile Exchange after a US energy report showed gasoline supplies fell for a ...
In six short years, the tables have turned for gold. In 2001, prices were roughly $270 per ounce with a production cost of roughly $160 per ounce.Now in 2007, the production cost is nearly $400 an ...
Mariah Carey surpassed Elvis Presley's record of 17 No.1 singles with her the song Touch my Body, the first single off from her new album E=MC2 to be released in April 16.
Treasury note prices fell on Wednesday while yields rose after Fed Chief Ben Bernanke warned of a possible recession in the U.S. economy and a report indicated job growth for U.S. companies.
Corn increased on Wednesday amid concerns that rains from Louisiana to Ohio will delay planting in the U.S., the world's largest producer and exporter of the grain.
The dollar fell versus the euro on Wednesday after Federal Reserve Chairman Ben Bernanke said there was a possibility the U.S. economy could dip into a brief recession this year.
Statement of Fed chairman Ben Bernanke before the Joint Economic Committee of the United States Congress.
Federal Reserve Chairman Ben Bernanke said on Tuesday that the economy could possibly slip into recession later this year but would quickly rebound in the second half of the year.
Gold futures closed higher on Wednesday after dropping gains in two earlier sessions as the dollar dropped after Federal Reserve Chairman Ben Bernanke said the U.S. economy may shrink over the first half of this year, which would signal the start of a recession.
Winter Fuels Wrap-Up
Despite what may have appeared as a harsh winter in some regions, actual temperatures across the Nation remained close to normal over most of the 2007-08 winter heating se...
U.S. stocks gained for a third day Wednesday as investors' mood brighten after Best Buy Co released earning results, and Federal Reserve Chairman Ben Bernanke said the central bank will not need to save another financial firm.
Japan stocks recovered 13,000 line for the first time in one month Wednesday due to weakening fears of U.S. economy and a weaker yen.
Commodity Online
WASHINGTON: World Bank on Tuesday said, soaring food and fuel prices are the biggest challenge for poor nations (especially in East Asia) than US financial turmoil, which i...
Commodity Online
MUMBAI: Do you know who holds major part of gold reserves in the world? And who decides whether to take up the gold price or not.The Gold prices have been floating on curr...
Commodity Online
NEW YORK : World oil prices continued their southward journey for the third consecutive day Tuesday as US stocks and dollar gained more strength overnight.The fell was de...
U.S. President George W. Bush expressed support for Ukraine and Georgia as they move towards NATO membership, ahead an alliance summit in Romania where opposition from fellow European countries will be likely.
Copper futures fell as Chinese inventories rose, originating worries about lower demand from China, the top consumer of the metal in the world.
Oil futures fell on Tuesday hitting 3 days of losses as the dollar gained and forecasts predict U.S. crude inventories rose last week meaning less demand.
Corn increased on Tuesday amid concerns that U.S. farmers will plant less grain this year reducing supplies to produce animal feed and ethanol.
Wheat declined on Tuesday amid concerns that an increase of the dollar will drive farmers to plant more grain in an effort to benefit from high wheat prices.
Goldman Sachs Group reiterated on Tuesday that it would be making around five per cent of its staff redundant.
