CHINA

Euro dips on Portugal downgrade

IBTimes Logo
The euro fell on Tuesday after a two-notch downgrade of Portugal's sovereign debt rating and ahead of Greece's return to capital markets for the first time since late April.
IBTimes Logo

Oil slides with equities

Oil retreated on Tuesday to stay below $75, tracking Asian equities lower and on forecasts for a seventh straight weekly gain in distillate fuel inventories at top consumer the United States. Chinese stocks fell 2 percent on reports that Beijing will not relax tougher property measures any time soon, curbing early gains in other Asian equity markets and tempering strong U.S. corporate earnings and forecasts for a fourth consecutive weekly fall in the nation's crude stockpiles.
More news
IBTimes Logo

Gold undermined by stronger dollar, weaker investment

Gold eased in Europe on Monday, falling for the fourth time in the last seven sessions, as improved investor confidence boosted the dollar and sapped investment flows into the precious metals complex. Spot gold was bid at $1,203.85 an ounce at 1440 GMT, against $1,211.85 late in New York on Friday. U.S. gold futures for August delivery eased $5.60 an ounce to $1,204.20.
IBTimes Logo

Gold retreats as dollar firms, investment wanes

Gold slipped in Europe on Monday, surrendering some of the previous session's more than 1 percent gains, as the dollar firmed and investment flows into the metal dried up as concerns over euro zone risk receded.
IBTimes Logo

Hot Commodities: Uranium to beat Gold in China?

Is uranium turning out to be the hottest commodity-hotter than gold-in China? China has been trying to amass gold reserves to emerge as the largest yellow metal owning country in the world. But China's craze for commodity investment does not just stop by gold alone. Uranium is one commodity that the dragon country is heavily investing in these days.
IBTimes Logo

Gold retreats as dollar firms and investment wanes

Gold slipped in Europe on Monday, surrendering some of the previous session's more than 1 percent gains, as the dollar firmed and fresh investment flows into the metal dried up and concern over euro zone risk receded.
IBTimes Logo

Oil hovers at $76 after China trade data

U.S. crude oil futures hovered at around $76 a barrel on Monday as China's bigger-than-expected trade surplus in June eased worries about a slowdown for the global economic recovery and oil demand.
IBTimes Logo

Gold eases in Asia as stocks climb

Gold prices failed to move upwards in Asian trade Monday after equity markets rose in the region, attracted some investors amid positive reports on global economic recovery.
IBTimes Logo

Stocks up as investors pin hopes on U.S. earnings

Asian stocks rose on Monday as investors counted on the start of the U.S. earnings season this week to show firms were reaping strong profits and that the world's economic recovery was not losing steam.
IBTimes Logo

China confirms renews Google's China license

China's Ministry of Industry and Information Technology said it had renewed the Chinese operating license of Internet giant Google Inc, confirming an announcement made by the company on Friday.
IBTimes Logo

Google gets nod from China to keep search page

China gave Google Inc approval to keep operating its Chinese search page, resolving a months-long censorship dispute that had threatened its future in the world's top Internet market.
IBTimes Logo

Denso president says wants to raise annual outlook

Denso Corp, Japan's No.1 car parts maker, will likely review its earnings outlook around late October for a possible upgrade after a strong first quarter eased worries about the impact of the yen's strength
IBTimes Logo

Peugeot signs Changan JV in push for China

French car maker PSA Peugeot Citroen on Friday signed a deal to set up a 50-50 manufacturing venture with China Changan Automotive Group as it moves to ramp up capacity in the world's largest auto market.
IBTimes Logo

Toyota chief: China labor trend both good and bad

Toyota Motor Corp President Akio Toyoda said on Friday higher wages among Chinese factory workers would create a new class of consumers, and that the trend therefore had both good and bad elements.
IBTimes Logo

Dow and S&P flat ahead of earnings

The Dow and S&P were little changed on Friday, following three days of gains as investors looked ahead to the start of earnings season while Google helped keep the Nasdaq in modestly positive territory.
IBTimes Logo

Palladium may fall further

Palladium, which was expected to gain this year due to the high growth in auto ales in China and India, may in fact decline by 12 per cent to about $395 an ounce in the coming weeks.Palladium is hugely used in catalytic converters in cars. Palladium has been the worst-performing precious metal last quarter.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.