According to a report on Idex Online by CHAIM EVEN-ZOHAR, 2009 was probably the best year in a decade for India's diamond industry. In terms of polished diamond exports, India's $15.16 billion in 2009 was only 1.7 percent below the $15.42 billion of the 2008 calendar year. Measured in polished carats, the volume of exports was actually up some 13 percent, reaching a staggering 51.9 million carats.
Last week saw gold prices sliding continuously for 8 days in Delhi bullion market, a record of sorts during the past 4 years. This has made people think that the gold prices are cooling down. Gold prices internationally are at $1,100/oz - just a shade below the all time high seen in January 2010. As an asset, gold has given strong returns over the past five years - especially as other assets faltered during the recession. However, with the world economy seemingly on the mend, it may be time for ...
Stocks fell slightly on Monday on persistent concerns the Chinese government may tighten credit, which could hinder the global recovery from recession.
U.S. industrial production braked sharply in February, held back by severe winter storms that slammed parts of the country, while manufacturing activity in New York state stalled this month.
BYD Co, the Chinese car and battery maker backed by U.S. billionaire Warren Buffett, posted a forecast-beating fourth-quarter result on Sunday.
Google said on Monday it remained in talks with the Chinese government about censorship of its Chinese-language search portal, despite mounting signs the company could soon shut the site.
Toyota Motor Corp has slashed production of the Prius hybrid model by 10 percent from March due to a slowdown in sales from a peak last year.
Stocks were set to slip at the open on Monday, weighed by persistent concerns over a possible monetary tightening in China that could slow the global recovery from recession.
Intermap Technologies Corp, a Canadian 3D digital mapping technology firm, said U.S. navigation device maker Garmin Ltd signed a three-year agreement for Intermap's NEXTMap technology.
Stock futures point towards a lower opening on Monday as market participants wait Senator Chris Dodd's financial reform bill and digest comments made by Chinese Premier Wen Jiabao about the yuan.
Airbus parent EADS has received no word of any changes to a contest to supply aerial refueling tankers to the United States, the head of Airbus Military said on Monday.
Petrohawk Energy Corp said it agreed to sell its interest in Terryville Field, Louisiana, to a private company for $320 million.
Iraq's Shi'ite Prime Minister Nuri al-Maliki may get first go at forming a government, early election results show, but Sunnis will fume if he cuts out his secular rival Iyad Allawi, the man most of them voted for.
Wachovia Bank is in talks with the U.S. Justice Department to settle complaints relating to the alleged failure in bank controls that enabled Mexican exchange houses to launder drug money, the Wall Street Journal said, citing people familiar with the situation.
Stock index futures fell on Monday on persistent concerns over a possible monetary tightening in China, which could slow the global recovery from recession.
Alice in Wonderland raced to a $430 million haul at the worldwide box office on Sunday, while Matt Damon's new Iraq war conspiracy thriller Green Zone was one of the year's first big flops.
The United States is to blame for strains between Beijing and Washington and should take steps to repair ties, Chinese Premier Wen Jiabao said on Sunday, indicating the two powers have not overcome a recent rough patch.
Israeli-U.S. relations have hit a 35-year low over a West Bank settlement plan that threatens to derail peacemaking efforts with the Palestinians, Israel's envoy to Washington was quoted as saying on Monday.
Stock index futures fell on Monday on persistent concerns over a possible monetary tightening in China, which could slow the global recovery from recession.
Safety investigators have found no evidence so far to support or disprove a California motorist's claim his Toyota Motor Corp Prius sped out of control on its own, and cautioned the case may never be explained, U.S. regulators said on Monday.
Dell Inc, the world's third-largest PC maker, has filed a lawsuit against Sharp Corp, Hitachi Ltd, Toshiba Corp and two other companies for alleged price fixing of LCD displays.
Popular social-networking site Facebook will open an office in India, joining a long list of international firms that have looked to tap a skilled workforce that provides support services at relatively cheap wages.