The Silver Price rose $1.49 per ounce from Friday's London Fix – a gain of 4.7% to new 31-year highs, and silver's fifth largest one-day move of the last 30 years in Dollars and cents. The market is starting to look towards the record high of $1430 for gold against the backdrop of silver making fresh highs.
Silver touched its highest USD price in 31 years and palladium a 10-year peak. Gold prices rose above $1,400 an ounce on Monday for the first time in nearly seven weeks as violence flared in north Africa and the Middle East, boosting interest in the precious metal as a haven from risk.
China threw its weight around at G-20 negotiations to exclude from the final communiqué references to 'foreign exchange reserves' and 'fiscal deficit' as possible causes of global economic imbalances.
China's Commerce Ministry said Chinese businesses faced damaging obstruction in efforts to invest in the United States after China's Huawei pulled out of bidding for U.S. company 3Leaf's assets following pressure from a Washington panel.
Gold inched up on Monday, adding to a weekly gain of nearly 3 percent last week as fears over a European debt crisis and growing unrest in the Middle East underpinned investor sentiment.
Treasury Secretary Timothy Geithner on Saturday pointed to the problems China's tightly controlled currency poses for other developing economies and said Beijing still had further to go to let its currency rise.
Cumulus Media Inc. confirmed it is in exclusive talks to buy Citadel Broadcasting Corp for $37 a share in cash and stock, valuing the company in excess of $2 billion.
It’s not exactly groundbreaking research, but PIMCO’s Mark Taborsky and Sebastien Page just released a well-constructed chart illustrating the outperformance of the carry trade versus the S&P 500 in the last decade.
U.S. stocks rose Friday, marking the third straight week of market gains, as investors warily watch continuing unrest in the Middle East and North Africa, along with the start of a two-day meeting of G20 finance ministers and central bankers in Paris.
The months of negotiations between TerreStar Networks and its creditors may well have been for nothing, as EchoStar has pulled out of an agreement to backstop the company's bankruptcy plan.
With growing inflation in China, policymakers are facing tough decisions. This column argues that if the government is to curb inflation without allowing for the deflation of the tradables, it should do so through sector focused policies.
Silver Prices today jumped to fresh 31-year highs at $32.84 per ounce, outpacing the rise in gold prices more than 3 times over since the two metals turned sharply higher three weeks ago.
China Overseas Land and Investment Ltd, the country's largest developer bymarket value, said it aims to record 20 percent growth in netprofit this year, betting that it can ride through governmentmeasures to cool the market.
Cash is a “dead asset,” which earns nothing, and mergers and acquisitions (M&A) is in, said Gary Parr, vice chairman of investment bank Lazard and one of the leading authorities in the world on M&A.
China's top nickel producer and third-biggest copper producer Jinchuan Group Ltd is seeking a local listing for its technology unit this year, after it bought a Hong Kong-listed firm for its overseas resource assets, a top executive said on Friday.
HSBC Holdings Plc will launch a flash purchasing managers' index for the Chinese manufacturing sector on Feb. 21, providing one of the earliest available performance indicators for the world's second-largest economy.
Gold hit five-week highs in Europe on Friday and silver its strongest since 1980 as growing unrest in the Middle East lifted interest in precious metals, though another reserve requirement hike from China curbed gains.
A recent survey says the growing demand of security professionals is outpacing the supply.
Malaysia and India, two of emerging Asia's robust economies, signed a Comprehensive Economic Cooperation Agreement (CECA) on Friday, aiming to boost bilateral trade to the tune of $15 billion by 2015.
When a New Jersey family with an autistic child walks into the state office seeking help, Norlande Perpignan is often the first person they see. A clerk making $41,082 a year at the Division of Developmental Disabilities, Perpignan, 40, is also on the front lines of a national debate about public spending, taxes and a fiscal crisis facing local governments.
There are now increasing concerns that rising Treasury yields will begin to push stock prices lower and punish new entrants to the equity market. Our view is that there is still plenty of room for risk-free interest rates to rise without having a negative impact on the current equity rally.
Ivory Coast's biggest bank, a unit of Societe Generale, suspended operations on Thursday, the latest in an exodus of foreign banks that is turning a political crisis into financial meltdown.