U.S.

PRECIOUS ROUNDUP- Silver set to be best performer in November

Precious metals and USD index as on November 24
The week to November 24 was marked by tensions in Korean peninsula that prompted investors to flee from risky assets to safer avenues like US dollar and gold, helping the yellow metal outshine its colleagues in the precious group. However, silver and palladium remained strong in the month, mainly helped by demand for cheaper alternatives in jewelry and industrial applications.
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U.S. Representative Charles Rangel (D-NY) talks on his mobile phone as he waits for the panel to return from a break in his ethics hearing before the House Adjudicatory subcommittee at Capitol Hill in Washington, November 18, 2010

U.S. House will decide Rangel's fate next week

Rep. Charles Rangel (D-N.Y.), who has been found guilty of ethics violations, could become the congressman to be censured since 1983 if the full House of Representatives approves the punishment recommended by the congressional ethics committee.
Wikileaks founder Julian Assange speaks during a news conference about the internet release of secret documents about the Iraq War, in London October 23, 2010 and (inset) Senator John Ensign (R-Nevada)

Will WikiLeaks unravel the American 'secret government'?

The U.S. Department of State is working overtime sending messages to ally capitals warning the impending release of classified documents by WikiLeaks could harm relations in what is seen as a pre-emptive move of unprecedented scale to neutralize the impact of the unveiling of embarrassing and compromising details about the inner workings of the government apparatus.
Soyuz Capsule lands in Kazakhstan

Soyuz Spacecraft Lands Safely in Kazakhstan

Two Americans and a Russian have landed safely in Kazakhstan in a Russian Soyuz spacecraft after ending their 5-1/2 month stay at the International Space Station.
Five Color Security Alert

US could scrap color-coded terror alerts

The United States is considering abandoning the 8-year-old color coded terror alert system amid criticism from U.S. lawmakers and public protests, according to media reports.
Russia's President Dmitry Medvedev (R)

Russia gets closer to joining WTO after 17 years

After nearly a 17-year long wait, Russia could finally be a member of the World Trade Organization by 2011, as it finally reached a deal with European Union, the last opposing member, on Wednesday.
Nymex WTI futures performance versus USD index - OPEC data

OIL OUTLOOK: How long will it stay ranged? Will it rise above $100?

Dollar, Korea, Ireland, Asian demand, inventories and technicals - a lot of things are weighing on oil now. But market participants find the question if the commodity has reached its bottom technically and on robust demand in some regions, or will a dollar rally or geopolitical developments force it break below the current range, tough to answer.
China's Premier Wen Jiabao

Focus shifts to China to gauge impact of North Korean attacks

A day after North Korea's artillery attack on the South Korean island, the U.S. decided to send the aircraft carrier George Washington and a number of accompanying ships into the region for joint exercises besides sounding China, the sole ally of Pyongyang, to restrain Pyongyang from further attacks.
Traders work on the floor of the New York Stock Exchange

US futures extend gains after jobs data

Futures on major U.S. stock indices extended earlier gains on Wednesday after the Department of Labor reported that weekly jobless claims fell sharply last week to the lowest level since July 2008.
Traders work on the floor of the New York Stock Exchange

US futures edge higher, economic data eyed

Futures on major U.S. stock indices point to a higher opening on Wednesday ahead of a wave of economic data including durable goods orders and new home sales.
International Business Times Logo

US existing home sales fell in October

Existing home sales in the U.S. dropped in October after two months of strong increases, the National Association of Realtors said in a statement.
Traders work on the floor of the New York Stock Exchange

S&P 500 index to trade in 1,100 to 1,300 range: analyst

Credit Suisse expects the S&P 500 index to trade in the 1,100 to 1,300 range, saying that most important potential source of turbulence in equity markets may be the actions of monetary policymakers.
Traders work on the floor of the New York Stock Exchange in New York

US stocks open lower as Korean crisis weighs

US stocks declined in early trade on Tuesday as a fresh exchange of fire between North Korea and South Korea overshadowed better-than-expected reading on economic activity.

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