Oil prices slid more than 2 percent on Tuesday as the dollar strengthened and weak economic data fueled concerns about demand that have helped push prices down by around 15 percent so far in May.
Oil prices edged lower on Tuesday, pressured by a stronger dollar and concerns about global growth prospects after a slew of weak economic data, bringing losses to around 15 percent so far in May.
Vodafone, the world's largest mobile operator by revenue, surprised investors with an upbeat outlook for 2012 on Tuesday after posting resilient results driven by customers upgrading to smartphones.
Gold Bullion prices were little changed below $1500 per ounce on Tuesday morning, but fell for non-US investors as the Dollar eased back on the currency market and European equity markets cut their earlier losses.
Europe will not let the euro fail and European Union countries are committed to cutting deficits, the president of the European Council told Chinese officials on Tuesday, seeking to ease fears that the euro zone crisis could imperil China's investments.
IMF chief Dominique Strauss-Kahn has been sent to custody at New York's Rikers Island jail on charges of sexual assault.
Asian stocks were mixed on Tuesday amid signs of a slowdown in the U.S. economic recovery that pushed global stocks and oil prices lower a day earlier.
Euro zone finance ministers approved a 78 billion euro ($110 billion) bailout for Portugal but as a condition of the deal insisted that Lisbon ask private bondholders to maintain their exposure to its debt.
U.S. stocks fell on Monday, led by the Nasdaq's decline after data showed weakness in the economy, underscoring views the market's recent rally is fizzling.
Euro zone finance ministers approved a 78 billion euro bailout for Portugal on Monday but as a condition of the deal insisted that Lisbon ask private bondholders to maintain their exposure to its debt.
U.S. Dollar Gold Prices continued on Monday morning where they'd left off on Friday, zigzagging around $1495 while global stock markets fell along with major industrial commodities oil and copper.
Euro zone finance ministers are ready to back an EU/IMF bailout of Portugal at a Monday meeting overshadowed by the arrest of International Monetary Fund chief Dominique Strauss-Kahn on sexual assault charges.
The Dow and the S&P 500 edged higher on Monday, recovering from a fall at the open, as a weaker dollar helped commodity-related stocks snap back from a selloff in the last session.
The meeting of euro zone finance ministers and other luminaries in Brussels, Belgium has been rocked by the arrest of International Monetary Fund (IMF) managing director Dominique Strauss-Kahn over the weekend in New York on sexual assault charges.
Stocks fell on Monday as jitters about euro zone debt bailouts, including more financial reforms by Greece, and doubts about the pace of global growth encouraged investors to shed riskier assets.
Stock index futures fell on Monday as investors shed riskier assets before euro zone finance ministers meet to discuss the region's debt crisis.
Stock index futures fell on Monday as investors shed riskier assets before euro zone finance ministers meet to discuss the region's debt crisis.
Restructuring Greece's sovereign debt would pose potentially incalculable risks to the overall euro zone and will not solve the country's fiscal crisis, a senior European Central Bank official said on Friday.
Powerful performances by the German and French economies propelled growth in the euro zone well above forecasts in the first quarter while also highlighting the yawning gap between the bloc's strong and weak.
The Dollar price of Gold on wholesale markets continued to rally Friday morning, rising as high as $1516 per ounce - less than 4% off this month's all-time high - before slipping back, while stock and commodity markets recovered some of Thursday's losses.
Oil rose more than $1 on Friday, taking benchmark U.S. crude futures back above $100 per barrel, after much higher-than-expected growth in Germany and France and a rebound in the euro against the dollar.
The Portuguese economy contracted for the second straight quarter, placing the debt-strapped country into another recession as the Lisbon government anxiously seeks to reduce spending and increase taxes.
