Futures on major U.S. stock indices point to a modestly lower opening on Tuesday as investors awaited a wave of economic data including the US Federal Federal Open Market Committee statement (FOMC)
Satya Nagendra Padala
Dec 14, 2010
Russian billionaire Mikhail Prokhorov on Monday unveiled a new hybrid car called 'Yo'. The hybrid operates on a combination of electricity and petrol.
IBT Staff Reporter
Dec 14, 2010
A late-day sell-off, ahead of the U.S. Senate vote on the compromised tax bill, pushed the major equity indices to session lows, resulting in a mixed performance for stocks.
Palash Ghosh
Dec 13, 2010
The Gold Price in Dollars hit a 3-session high in London on Monday, rising alongside world stock markets and commodities on what one trader called relief that Beijing did not hike Chinese interest rates as expected at the weekend.
IBT Staff Reporter
Dec 13, 2010
U.S. stocks advanced in early trade on Monday, following the gains in global equities, after Chinese policymakers refrained from raising interest rates over the weekend.
Satya Nagendra Padala
Dec 13, 2010
For the fourth consecutive year, Swiss brand Piaget is extending its support to the Film Independent Spirit Awards that will be held on February 26, 2011.
Monami Thakur
Dec 12, 2010
Precious metals fell across the board in the week to December 10 as a cooling China weighed on demand hopes but the yellow metal remained better alternative in the group amid lingering worries over the euro-zone debt and dollar's ability to play safe-haven.
Boby Michael
Dec 11, 2010
Stocks drifted higher, with the S&P 500 approaching a two-year high, as traders seemed pleased with a narrowing trade deficit and higher consumer confidence, ahead of an expected extension of Bush-era tax cuts by the federal government.
Palash Ghosh
Dec 10, 2010
Prices to Buy Gold held firm in London on Friday, ending of what one London trader called another roller-coaster week some 1.7% lower for Dollar and Sterling investors but unchanged vs. the single Euro currency.
IBT Staff Reporter
Dec 10, 2010
There are plenty of concerns surrounding U.S. Treasuries, yet a Treasury crisis doesn't seem to be happening.
Hao Li
Dec 10, 2010
Futures on major U.S. indices point to higher opening on Friday ahead of economic data including trade balance and monthly import price index.
Satya Nagendra Padala
Dec 10, 2010
Stocks finished narrowly mixed in lethargic trading as an early jump on a benign jobless claims data faded away on a stronger U.S. dollar and later on news that Democrats in the House voted against considering the tax cut extensions that President Obama negotiated with Republicans.
Palash Ghosh
Dec 09, 2010
Outside the US and UK - where today's no change decision from the Bank of England left interest rates near 33-year lows beneath inflation - emerging economies are also flirting with sub-zero real rates of interest, Japanese investment bank Nomura's London office notes.
IBT Staff Reporter
Dec 09, 2010
Having just touched an all-time high in price, demand for copper is expected to be very strong in the coming years, driven primarily by China’s insatiable hunger for commodities of all kinds to support its relentless program of mass urbanization.
Palash Ghosh
Dec 09, 2010
Futures on major U.S. stock indices point to higher opening after the Department of Labor reported that weekly jobless claims declined last week.
Satya Nagendra Padala
Dec 09, 2010
Futures on major U.S. indices point to higher opening on Thursday as better-than-expected Japanese economic growth boosted sentiment.
Satya Nagendra Padala
Dec 09, 2010
Germans are now the world's number one Gold Bar buyers. Germany's swivel-eyed gold bugs simply show more imagination than journalists, policy-makers and academic economists.
IBT Staff Reporter
Dec 09, 2010
Stocks crept higher in a choppy trading session as traders likely had more time to digest the implications of the extension of George W. Bush’s tax cuts for two years, as well as a renewal of unemployment insurance for long-term jobless for thirteen months.
Palash Ghosh
Dec 08, 2010
Major-economy government bonds fell further on Wednesday, extending Tuesday's sharp losses and driving 10-year US Treasury yields above 3.20%, causing liquidation in commodity markets including Gold and Silver.
IBT Staff Reporter
Dec 08, 2010
Crude oil futures declined for the second day on Wednesday as traders booked profits following a rally to $90.76 a barrel, the highest in 26 months on Tuesday, and on stronger dollar.
Satya Nagendra Padala
Dec 08, 2010
Gold just fell on bullish news, which is arguably a very bearish sign for the yellow metal.
Hao Li
Dec 07, 2010
A moderate stock rally fueled by a compromise between President Obama and Republicans on tax extensions and unemployment benefits petered out in late-session trading, resulting in a narrowly mixed results for major equity indices.
Palash Ghosh
Dec 07, 2010