The copper price will fall to $5,000 per tonne over the next two years, well below current levels of around $8,400 and less than half the highs seen in early 2011 according to a report by Capital Economics.
Families took on more debt in late 2011 for the first time in 3-1/2 years but a rise in after-tax incomes left consumers in better shape to spend.
U.S. home prices fell 1 percent in December, a sharper decline compared to the previous month, Lender Processing Services Inc. (NYSE: LPS) said Wednesday.
Asian shares fell for the third day in a row Wednesday as investors grew more risk averse, with renewed uncertainty over Greece's bailout and mounting worries about slowing global economies overshadowing support provided by ample liquidity.
Asian shares fell for a third day in a row Wednesday as investors grew more risk-averse, with renewed uncertainty over Greece's bailout and mounting worries about slowing global economies overshadowing support provided by ample liquidity.
Russia's ruble-denominated Micex index dropped 3.9 percent, while the dollar-denominated RTS fell more than 4.3 percent a day after Monday's Putin bounce lifted both to record highs.
President Barack Obama said on Tuesday it was only a matter of time before Syria's President Bashar al-Assad left office, but added it was a mistake to think the U.S. could take unilateral action there.
Wall Street was set to open lower on Tuesday on renewed concerns that Greece and private bondholders may not meet a looming deadline to complete a debt swap and as caution grew over the global economic outlook after recent weak data.
Wall Street was set to open lower on Tuesday on renewed concerns that Greece and private bondholders may not meet a looming deadline to complete a debt swap and as caution grew over the global economic outlook after recent weak data.
Stock index futures fell on Tuesday on renewed concerns that Greece and private bondholders would not meet a Thursday deadline to complete a debt swap, potentially opening the way for a messy default.
Shares of Yelp (NYSE: YELP) the San Francisco-based review Web site, plunged nearly 15 percent Monday, the first after their $107 million initial public offering.
New orders for factory goods dropped in January by the most in over a year and businesses cut orders for new capital goods, suggesting one of the drivers of the economic recovery faltered at the start of the year.
Oil prices fell Friday following the confirmation from Saudi Arabia denying the pipeline explosion in the Kingdom.
Belgian drugmaker UCB forecast revenue and profit would fall this year as generic competition was expected to halve European sales of its top-selling drug.
The BSE Sensex was on track for its second weekly fall in a row as the market seesawed on Friday after a muted response to a government stake sale in Oil and Natural Gas Corp (ONGC.NS) raised concerns about divestment programmes.
U.S. 30-year fixed rate mortgage rates fell to 3.90 percent in the week ending March 1, down from 3.95 percent in the prior week, according to Freddie Mac.
