The Democratic Party of Japan (DPJ) decided Tuesday to accept Masaaki Shirakawa as Bank of Japan(BOJ) chief, ending a stalemate that has left the world's second largest economy without a permanent central in the midst of a global credit crisis.
Crude oil futures fell on Tuesday after a U.S. government report predicted national fuel demand may drop and separately, the dollar rose.
In an bid to furbish its slowing U.S. business, Starbucks launched its new everyday brew of coffee called Pike Place Roast on Tuesday, and will hand out free samples for the first 30 minutes they serve the blend.
U.S. stocks on Tuesday fell the most in seven days after Alcoa Inc.'s earnings fell short of forecasts and Washington Mutual Inc. was forced to slash its dividend in a $7 billion bailout. Washington Mutual led financial shares lower after the largest savings and loan cut its payout by 93 percent and projected a first-quarter loss of $1.1 billion.
By Jon Nadler
Gold prices eased into a lower trading channel of from $915 to $926 during the overnight hours, as participants observed an additional rise in the US dollar (72.34 on the index...
From gold exchange traded funds (ETFs) to gold stocks to buying physical gold, investors now have several different options when it comes to investing in the royal metal.But what exactly is the pur...
The U.N. Security Council agreed on Monday to meet in later this month to discuss incentives previously offered to Iran on its nuclear program, U.S. officials said.
June crude oil closed up $2.79 at a new contract high of $108.55 with little hope that OPEC can or will do anything to help contain prices.OPEC's Secretary General continues to say that there is p...
Savings and loan bank Washington Mutual, Inc is on the verge of securing a $5 billion investment from private equity buyout group TPG and other investors after suffering big losses in recent months due to the current credit crisis.
Gold futures rallied in New York on Monday along with other precious-metals futures , helped by a strength in crude oil and worries over the financial stability of the U.S. economy heightened investors demand for the precious metal.
Wheat dropped on Monday amid concerns that the world's producers will plant more of the grain to benefit from the high prices.
Japanese stocks rebounded Monday as concerns perpetuated over U.S. economy and the trend of a weaker yen against U.S. dollar persisted.
President George Bush called on Congress Monday to pass a controversial free trade agreement with Colombia, declaring the need is urgent for US national security. The pact will give Congress a 90-day deadline to vote on the new legislation.
The dollar rose against the euro and yen on Monday as investors disregarded last week's decline in jobs and looked ahead to interest rate decisions from central banks in Europe.
Commodity Online
NEW YORK: World oil prices continued their upward journey from last week and are nearing $107 in Asian trade on Monday as US dollar became weaker.In morning trade, New Yo...
Total global write-offs at financial institutions are expected to reach $400 billion by the end of the year according to one researcher.
Commodity Online
NEW YORK: World oil prices surged to $ 106.23 a barrel, up by $ 2.40 or by two percent Friday on a weak US dollar and a record decline in job market.News of a fire at an ...
Soybeans increased on Friday on concerns that strikes in South America, that disrupted exports, will increase demand for supplies from the U.S.
Crude oil futures rose as the Dollar declined on jobless data, which for many economists signaled the United States is entering into a recession.
Gold futures edged higher on Friday, as the dollar slipped after new data reported the biggest unemployment rate climb in five years, raising concerns that the U.S. economy may already be in a recession.
Japan stocks declined Friday after 3-day increase as investors sought profit and locked in shares.
U.S. stocks were mixed on Friday after new data reported the biggest unemployment rate climb in five years, causing the market to pare its largest weekly advance since February.