Gold Prices Slip on Moody's Downgrades of France, U.K.
Gold prices followed crude oil and global stocks lower Tuesday after ratings firms cut the credit ratings of several European nations and banks and warned that more reductions were likely.
India’s Inflation Eases to Its Lowest Level in 26 Month; Food Prices Fall
India's headline inflation slowed to its lowest level in more than two years in January as food prices fell, sparking hopes that the RBI will start cutting interest rates sooner rather than later to battle the country's economic slowdown.
Stocks Rebound on Greek Austerity Vote: Daily Markets Wrap
U.S. stocks bounced back Monday from Friday's biggest loss of the year as Greece's parliament passed the deeply unpopular austerity bill to secure international rescue funds. The strict financial reform includes a 22 percent cut to minimum wage and 150,000 public-sector job cuts. Rioters protesting the measures set fire to buildings in downtown Athens.
Gold Prices Rise after Greece OKs Austerity Plan
Gold prices rose Monday after Greek lawmakers accepted terms of a deeply unpopular austerity plan that Eurozone leaders demanded as the price for financially rescuing the debt-choked nation.
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Crude Futures Fall on Tempered IEA Demand Expectations
The International Energy Agency lowered its forecast for global oil demand for the sixth consecutive month because of the continuing weakness of the global economy, sending shares of crude oil down with it.
U.S. Trade Deficit Widens More than Forecast in December
The U.S. trade deficit widened in December to its highest level in six months as imports outpaced exports, government figures showed on Friday.
Gold Prices Fall after Greek Deal Appears Dead
Gold prices fell back Friday, just hours after an apparent deal between debt-choked Greece and potential Eurozone lenders reinvigorated hopes the nation would not be forced to default on its loans.
Oil Prices Fall: How Critical are the Geopolitical Factors?
Oil fell from the highest level in three weeks ending a whole week of upward trend even as fears over a worsening eurozone debt crisis and its potentially disastrous impact on global commodity demand were contradicted by signs and figures of a quicker recovery from the U.S.
Doubts on Greece Deal Weigh on Asian Stocks, Euro
The euro and Asian shares pulled back Friday as investors remained concerned about prospects of restructuring Greece's debt and global lenders demanded more steps even after it struck a long-awaited deal on fiscal reforms.
Negotiations in Europe, U.S. Lift Markets
Negotiations on both sides of the Atlantic Ocean, between Greece and its lenders and between big U.S. banks and the federal government, boosted the willingness of investors Thursday to move into risk assets, many of which posted gains.
India Caught Between Western Sanctions and Iran
India is highly dependent on Persian oil and may not heed demands from the west that it buy its crude elsewhere.
Gold Prices up as Greek PM Heads to Brussels
Gold edged up along with crude oil and the euro on expectations the Greek prime minister's presence in Brussels Thursday signals a likelihood his nation will receive desperately needed bailout money.
Wall Street ends flat; Cisco gains after the bell
Stocks closed flat in another thinly traded session on Wednesday as Greece remained in a standstill over accepting tough reforms in exchange for a bailout critical to avoiding a chaotic default.
Wall Street Closes Flat as Greek Debt Talks Drag on
Stocks closed flat in another thinly traded session on Wednesday as Greece remained in a standstill over accepting tough reforms in exchange for a bailout critical to avoiding a chaotic default.
Global Securities Tread Water as Greece Negotiates
Global securities, whether stocks, commodities or currencies, held earlier gains or losses Wednesday as the world awaited the outcome of talks between debt-choked, strife-torn Greece and benefactors demanding more tax hikes and government budget cuts in exchange for bailout money.
Wall Street Lower as Greece Talks Drag On
Stocks gave up early gains on Wednesday as the Dow hovered at its highest level in nearly four years and investors waited for Greece to accept tough reforms in exchange for a new bailout.
Gold Prices Await Outcome of Greece-Troika Dance
Gold prices hovered in a narrow range Wednesday, with little support from crude oil prices or the euro and uncertainty about whether Greece will accept slightly easier bailout terms from Eurozone leaders, known collectively as the troika.
European Stocks Gain on Greek Deal Optimism
European stocks opened on a positive note Wednesday, following gains on Wall Street overnight and in Asia on reports that Greece was close to reaching an agreement needed to qualify for a second bailout.
Keystone XL Bill Passes House Committee
A plan to fast-track the stalled Keystone XL pipeline was passed by a key committee in the House of Representatives Tuesday, as Republicans made yet another attempt to spur approval of the project that has become a major issue in the 2012 elections.
U.S. Stocks Extend Rally on Earnings Surprises; Euro Rises
U.S. stocks rose modestly Tuesday as strong earnings from Coca-Cola Co. and Yum! Brands Inc. offset concerns that Greece would default next month on a $19 billion euro bond redemption. European and Asian stocks were mixed, reflecting similar concerns.
Iran Defaults on Rice Payments to India: Traders
Iranian buyers have defaulted on payments for about 200,000 tonnes of rice from their top supplier India, exporters and rice millers said on Tuesday, a sign of the mounting pressure on Tehran from a new wave of Western sanctions.
Gold Prices Break 2-Day Fall on Euro Gain, Volumes Light
Gold broke a two-day losing streak on Tuesday on light volume as the euro rose, but sellers matched buyers to keep the price in a narrow range.
Is Brent Premium to U.S. Oil Set for Another Blowout?
Brent crude's premium to U.S. oil could be poised for another record run after jumping 50 percent over the past week, as an expected build in Midwest inventories again exerts pressure on the U.S. benchmark.
Greek Bailout Impasse Dominates Trade In U.S. Risky Assets: Daily Markets Wrap
A political impasse over a new bailout for Greece dominated the tone of trading in risky assets Monday, as U.S. investors - whose attention had been on U.S. economic developments the week prior - once again focused on the Continent.
Gold Prices Retreat on Greek Default Worries
Gold prices declined Monday on concerns Greece will - despite the Eurozone's two years of efforts - default on its massive sovereign debt, with acute consequences for global economic growth.
Canadian PM to Visit China: Oil, Trade and Human Rights on the Agenda
When Harper first took office in 2006, relations between Canada and China were cold,.
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