Platinum and palladium prices have witnessed a big surge in the recent past following the increased demand from auto sector in China and India. But this surge has hit the auto makers in India in a big way. Due to increased competition in Indian market car makers in India have been witnessing a price war. At that time the steel prices soared and along with that platinum and palladium prices also shot up.
U.S. securities regulators are considering new curbs to slow stock trades when markets are plunging following Thursday's dramatic sell-off, two people familiar with the matter said on Saturday.
Ukraine said it will press for changes in the natural gas price formula fixed by Russia's Gazprom and its Naftohaz Ukrainy national oil and gas company. Ukrainian Prime Minister Mykola Azarov said here, We have agreed that we will work on this, since the formula does not satisfy us.
Finance ministers from east Asian countries on Sunday cited rising global asset prices and inflationary pressures and sovereign debt risks' possible impact on capital inflow as the key risks facing their economies.
Chevron Corp , the second-largest U.S. oil company, reported on Friday a sharp rise in quarterly profit, as oil prices bounced back strongly in the past year, offsetting lower earnings from its refineries.
Royal Dutch Shell Plc continued a run of better-than-expected first-quarter profit rises by the big international oil companies on the back of higher oil prices, and boosted, in its case, by an unexpected return to production growth.
Oil major BP Plc reported a 135 percent jump in first-quarter net profits, compared to the same period in 2009, and beat all forecasts, thanks to higher crude and gas prices.
Britain's consumer affairs watchdog has slapped a record 225 million pound ($349 million) fine on two tobacco firms and nine retailers accused of fixing prices on tobacco products between 2001 and 2003.
Alcoa Inc is expected to report a small quarterly profit next week but Wall Street is unconvinced the company can post higher numbers with the price of aluminum only slowly inching up from the recession.
One of the world's leading miner, BHP Billiton has hugely hiked iron ore price for some of its Asian customers for second quarter in 2010. According to sources, BHP has managed to secure a 99.7 per cent price hike for iron ore, up from the $60-a-tonne price settled through the annual contract system for 2009-10.
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.
Silver prices are easier to manipulate than gold as the market is small and its short position is concentrated. However, gold price manipulation is done on a much larger but less noticeable, according to National Inflation Association (NIA), USA. NIA said that CFTC is under pressure not to do anything about the manipulation,because the lower the gold and silver prices are, the stronger the US dollar appears to be. If we saw an explosion to the upside in gold and silver prices, it would result in...
Research In Motion is expected to report this week it sold a whopping 11 million BlackBerries in its latest quarter, which may offset the impact of falling prices and narrower profit margins.
The International Energy Forum (IEF) will discuss major industry concerns including oil-price volatility and the outlook for supply and demand at is ministerial conference starts here Tuesday. The world's largest forum of energy producers and consumers, accounting for more than 90 percent of global oil and gas supply.
Signs are that some overseas buyers are drifting back into the New York real estate market, betting a decline in prices may be about to turn.
In an effort to boost global coffee demand and price increase, Vietnam said it plans to stockpile the commodity in a large scale. According to country's Agriculture and Rural Development ministry, a plan to extend subsidised loans at 6 percent interest for companies to buy and stockpile coffee at 1.24 dollars per kilogram was awaiting government approval.
Has the consumer behaviour towards spending money for buying gold and silver changed thanks to the surge in bullion prices in the last few months? Yes, consumer preferences for buying gold and jewellery items have drastifally changed thanks to the bullion price spike, says a study by Exim Bank, a government owned bank in India. According to the study by Exim Bank, increasing domestic demand, along with an anticipated pick-up in exports, is likely to drive growth of Indian jewellery market in the...
Dai-ichi Mutual Life Insurance said its IPO, Japan's biggest in 12 years, would raise as much as 1.1 trillion yen ($12 billion) at the top of a price range.
Debt-burdened Greece drew strong demand for a crucial bond issue on Thursday but paid a steep risk premium that underscored its plea to Germany and other EU partners for support to help lower its borrowing costs.
Freescale Semiconductor says its newest chip will help drive down prices in the next generation of electronic readers, which analysts say is key to the devices gaining mass adoption.
U.S. stock index futures pointed to a lower open on Tuesday after U.S. home prices fell unexpectedly, adding to concerns about the strength of the economic recovery.
U.S. stock index futures pointed to a lower open on Tuesday after U.S. home prices fell unexpectedly, adding to concerns about the strength of the economic recovery.
