INVESTMENT

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.

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.

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...

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.

Goldman Sachs Group reiterated on Tuesday that it would be making around five per cent of its staff redundant.

Treasuries fell sharply on Tuesday as investors sought out riskier investments following the announcement of capital raising plans by major banks UBS and Lehman Brothers.

The dollar rose against the euro on Tuesday after a better than expected manufacturing report and news of plans by major banks UBS and Lehman brothers to raise capital.

U.S. stocks rallied Tuesday, the first day of the second quarter, after two banks hit by the credit crisis move towards raising cash, and UBS AG disclosed new write-downs totaling around $19 billion, with UBS and Lehman Brothers Holdings Inc. offering for sale between them $18 billion in equity.

Commodity Online MUMBAI: Gold prices nosedived to a six week low level on Tuesday at the bullion market and ended at Rs 11,830 per 10 grams.The precious yellow metal dropped by Rs 460 to ...

Commodity Online MUMBAI: Gold prices nosedived to a six week low level on Tuesday at the bullion market and ended at Rs 11,830 per 10 grams.

Lehman brothers said on Monday it would sell three million shares to raise at least $3 billion in a bid to reduce concern that it is running short on capital.

Gold futures dropped sharply on pressures from a stronger dollar on Monday. Silver fell.

By Julian D W PhillipsFirst the Gold Market and silver prices began to tumble, followed by a recovery in the Dollar, all of which happened in an almost straight line. Markets don t do that to the extent seen last week

Clear Channel's perturbed buyout deal, threatened by deteriorating credit conditions, brings to question the crucial role banks are playing in the $19.4 billion deal.

Copper futures fell on Friday as the economic outlook worsened following the release of new data , increasing fears of recession slowing demand in the United States, the second largest consumer of copper in the world.

Gold futures pared most of their losses on Thursday in New York, to close almost following a rebound in the U.S. dollar which put some pressure on the precious metal.

Global market gloom pulled down the Sensex, the prime index of the Bombay Stock Exchange (BSE) by 0.8 percent, Wednesday, ending the four-day bull-run which saw the 30-stock benchmark index gain over 1000 points.

Doug Casey says, the monumental monetary crisis can be took place by deflationary, where billions and billions of dollars are wiped out through bankruptcies and defaults, and the remaining dollars become worth more as a result.

By Gene ArensbergIn the four reporting periods just ahead of the most recent cascade lower for gold and silver those much maligned trading interests were reducing their net short positioning nominally

U.S. stocks dropped for the first time Wednesday in four days as an unexpected tumble in February factory orders sparked concerns over the economy while the outlook for bank profits worsened.

Commodity Online BRASILIA: World s second largest mining and metals company Vale do Rio Doce is expected to grow 10.4 percent in 2008 much of it fuelled by demand from emerging economies.