IBT Staff Reporter

U.S. stocks fell on Thursday for a second day after a rise in unemployment claims unexpectedly increased, intensifying concerns about the economy while an industry report said late payments on personal loans rose to a 15-year high.

Commodity Online MUMBAI: India s leading private sector industrial giant Reliance Industries has announced a second gas discovery in a Krishna Godavari basin block off the Andhra Pradesh co...

Commodity Online MUMBAI: Gold recovered early from Wednesday s Rs 10 dip at the bullion market here on Thursday and resumed at Rs 11685, up by Rs 125, mainly on global cues.Gold prices we...

Jérôme Kerviel, the rogue trader alleged to have lost Societe Generale 5 billion euros ($7 billion), has launched court proceedings to contest his dismissal for gross misconduct, according to a U.K. media report.

Commodity Online It is 21st century and do you know what is the main fuel for several African nations now? It is charcoal.Maybe, a shocking news for environmentalists and people who are b...

Commodity Online Can you make enough energy to run a household by mixing salt water and river water? If you thought that is a bad idea, think again. Scientists in Norway and The Netherlands...

Users of Apple's iPhone are using the device to do everything but talk on the phone, according to a new study, transforming the product into a mobile entertainment platform rather than just a cellular phone.

Commodity Online KABUL: In a significant development, the Afghan government has decided to invite bid three more essential natural mines and give them to private sector for exploration.In...

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 SYDNEY: Australia s Leighton Holdings on Thursday announced that it has won two contracts worth $1 billion to develop and operate an open cut coal mine in India s Jharkhand...

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 ...

By Colin J. Campbell Oil was formed in the geological past under well understood processes. In fact, the bulk of current production comes from just two epochs of extreme global warming, 90 a...

U.S. Treasury Secretary Henry Paulson indicated on Wednesday that he was pleased with the rise in the yuan.

Federal Reserve Chief Ben Bernanke said that failure to loan up to $30 billion in funds to Bear Stearns would have led to its bankruptcy and a chaotic chain of events which would have severely shaken confidence in financial markets.

NATO concluded the first day of annual summit meeting on a factious note, after allies refused to open membership doors to Ukraine and Georgia, on fear of a potential conflict with Russia.

By Adrian Ash And here's where the thick red wax crayon joins the slump of Spring 2008 to the big spike of May 2006. After noting an historic move higher in the Gold Price last month, maybe...

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.

A controversial man who is pregnant was interviewed for the first time on the Oprah's Winfrey Show, according to the talk-show host's website.

Oil futures climbed more than $3 on Wednesday after a report showed gasoline inventories had a steep decline.

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.

Verizon Wireless unveiled its plans to offer more advanced walkie-talkie functions on its handsets that will put it in better position to better compete with Sprint Nextel Corp.

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.

A historical wave broke through Zimbabwe on Wednesday as long-standing President Robert Mugabe lost his iron-clad grip on the nation for the first time in 28 years.

Robusta coffee dropped in London after some investors interchanged the bitter-tasting beans for Arabica variety.