Experts maintained stable outlook for oil & gas and base metal industry. However, the long term outlook for thermal coal is positive, with 220 GW of coal-fired electricity generation capacity expected to come online over the next 5 years, requiring over 750 Mt of coal. The outlook for oil and gas prices remains broadly unchanged, with oil prices still expected to rise. Oil prices have hovered around USD 70 per barrel for the past three months. This relative stability at an economically viable le...
At a time when jewellery retailers and gold buyers are crying foul over the increase in import duty on gold and silver, there is a surprise element for jewellery makers which will make them happy. While presenting the Budget, India's finance minister Pranab Mukherjee said import duty on gold and platinum will go up from Rs 100 to Rs 300 per 10 gm.
Has the consumer behaviour towards spending money for buying gold and silver changed thanks to the surge in bullion prices in the last few months? Yes, consumer preferences for buying gold and jewellery items have drastifally changed thanks to the bullion price spike, says a study by Exim Bank, a government owned bank in India. According to the study by Exim Bank, increasing domestic demand, along with an anticipated pick-up in exports, is likely to drive growth of Indian jewellery market in the...
The yen gained across the board on Tuesday as most world equity markets fell, illustrating a rise in risk aversion as investors moved into the low-yielding Japanese currency. Appetite for risk had been boosted by Friday's better-than- expected U.S. employment report, pushing the yen down to two-week lows versus the euro and the dollar.
China, the world's biggest holder of foreign exchange reserves, renewed its commitment to the U.S. Treasury market on Tuesday but said it would be wary of substantially boosting its gold holdings.
The Internet was built on freedom of expression. Society wants someone held accountable when that freedom is abused. And major Internet companies like Google and Facebook are finding themselves caught between those ideals.
Bank of New York Mellon Corp , the world's largest custodian of financial assets, said it agreed to acquire Germany's BHF Asset Servicing GmbH for $343 million.
Maurice Hank Greenberg, the former chief executive of American International Group Inc , will testify on Wednesday over a sham transaction involving the insurer and a unit of Warren Buffett's Berkshire Hathaway Inc , a judge ruled.
McDonald's Corp reported a better-than-expected 4.8 percent rise in February sales at established restaurants as Asia helped offset softness in the United States and Europe, sending its shares up nearly 3 percent.
The stock market is struggling on Monday despite reassuring news from China, Europe, and AIG.
China is moving ahead with bilateral co-operations in the field of energy exchange and other sectors with Iran, ignoring Western countries calls for stringent sanctions against Iran over its disputed nuclear program.
International development banks must finance civilian nuclear projects to help emerging nations build energy plants, French President Nicolas Sarkozy said on Monday, laying out ambitious plans to develop the industry.
Four in five adults believe access to the Internet is a fundamental right -- with those feelings particularly strong in South Korea and China -- and half believe it should never be regulated, according to a global survey.
McDonald's Corp reported a 4.8 percent rise in February sales at established restaurants as strong overseas results offset softness in the United States.
U.S. stock index futures were little changed on Monday following a strong rally to end last week's session, when the Nasdaq closed at an 18-month high on better-than-expected February payroll data.
Stock index futures pointed to a pause on Wall Street on Monday after last week's strong rally fueled by better-than-expected U.S. jobs data.
Any rise in the yuan's exchange rate will be gradual, China's trade chief said on Monday in comments that underline the competing interests at the heart of Chinese policy-making.
Toyota Motor Corp's president said on Monday he believed that sales in North America could recover in March after a sharp decline last month.
Royal Dutch Shell and PetroChina jointly bid more than $3 billion for Australia's Arrow Energy.
Any speculation that China might stop supporting the dollar in the next few years is absolute nonsense, a top state banker said.
China flagged on Saturday it will let the yuan resume its rise at some point as it unwinds the super-loose policies it has been pursuing to prop up the world's third-largest economy.
China has pledged to punish hackers who attacked Google if there is evidence to prove it, but said it has yet to receive any complaint from the world's top search engine.
