U.S.

Precious metals and USD index as on November 24

PRECIOUS ROUNDUP- Silver set to be best performer in November

The week to November 24 was marked by tensions in Korean peninsula that prompted investors to flee from risky assets to safer avenues like US dollar and gold, helping the yellow metal outshine its colleagues in the precious group. However, silver and palladium remained strong in the month, mainly helped by demand for cheaper alternatives in jewelry and industrial applications.

US refuses talks with Assange, asks Wikileaks to restrain

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The US State Department has refused to accept the olive branch offered by Wikileaks founder Julian Assange to negotiate on publication of the documents later on Sunday. Instead, the US sought immediate handover of documents and resist from publicatiooon or distribution of the documents, failing which it said action will be taken against the whistleblower website.
WikiLeaks logo

Did Turkey help al-Qaeda in Iraq? Wikileaks' release may have answer

According to the London-based daily al-Hayat, the WikiLeaks release includes documents showing Turkey has helped al-Qaeda in Iraq, So far, the countries making rounds in news and on Twitter which may figure in Wikileaks' release include the United Kingdom, Canada, Australia, Denmark, Norway, Israel, Iraq, India, China, Turkey, Russia and Iceland.
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Wikileaks founder Julian Assange speaks during a news conference about the internet release of secret documents about the Iraq War, in London October 23, 2010 and (inset) Senator John Ensign (R-Nevada)

Will WikiLeaks unravel the American 'secret government'?

The U.S. Department of State is working overtime sending messages to ally capitals warning the impending release of classified documents by WikiLeaks could harm relations in what is seen as a pre-emptive move of unprecedented scale to neutralize the impact of the unveiling of embarrassing and compromising details about the inner workings of the government apparatus.
Five Color Security Alert

US could scrap color-coded terror alerts

The United States is considering abandoning the 8-year-old color coded terror alert system amid criticism from U.S. lawmakers and public protests, according to media reports.
Russia's President Dmitry Medvedev (R)

Russia gets closer to joining WTO after 17 years

After nearly a 17-year long wait, Russia could finally be a member of the World Trade Organization by 2011, as it finally reached a deal with European Union, the last opposing member, on Wednesday.
Nymex WTI futures performance versus USD index - OPEC data

OIL OUTLOOK: How long will it stay ranged? Will it rise above $100?

Dollar, Korea, Ireland, Asian demand, inventories and technicals - a lot of things are weighing on oil now. But market participants find the question if the commodity has reached its bottom technically and on robust demand in some regions, or will a dollar rally or geopolitical developments force it break below the current range, tough to answer.
China's Premier Wen Jiabao

Focus shifts to China to gauge impact of North Korean attacks

A day after North Korea's artillery attack on the South Korean island, the U.S. decided to send the aircraft carrier George Washington and a number of accompanying ships into the region for joint exercises besides sounding China, the sole ally of Pyongyang, to restrain Pyongyang from further attacks.
Traders work on the floor of the New York Stock Exchange

US futures extend gains after jobs data

Futures on major U.S. stock indices extended earlier gains on Wednesday after the Department of Labor reported that weekly jobless claims fell sharply last week to the lowest level since July 2008.
An U.S. flag flies in front of a UBS building in New York

US GDP grows a little more in Q3, but still remains weak

The U.S. economy grew a little more than expected in the third quarter, helped by a sharp drop in imports and a rise in private inventory investment, according to the second estimate released by the U.S. Bureau of Economic Analysis.
Traders work on the floor of the New York Stock Exchange

US futures stay lower after GDP data

Futures on major U.S. stock indices remained lower on Tuesday despite better-than-expected reading on economic activity as a fresh exchange of fire between North Korea and South Korea weighed on the sentiment.

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