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Italian Spirit Maker on Acquisition Spree, Eyes US Mkt

Italian drinks group Davide Campari Milano SpA went on an acquisition spree and bought Carolans Irish cream liqueur, Frangelico and Irish Mist liqueurs from privately-owned Scottish whisky group William Grant for $ 169 million.
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US universities attract fewer students

The share of foreign students coming to the United States has been going down every year since 2000, shows a study released by an international body comprising the developed nations of the world.
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US home foreclosures on all-time high

According to a recent realty report by Reuters, an unbelievable number of US homeowners lost their homes to banks. RealtyTrac, a real estate data company sees a record 1.2 million repossessions this year, up from just fewer than 1 million last year, with more than 3.2 million US homes in some stage of foreclosure.
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Inter Parfums signs new agreement for US distribution

Inter Parfums Inc.'s recently launched U.S. subsidiary Inter Parfums Luxury Brands and French subsidiary Inter Parfums S.A. will be responsible for the development and distribution of Burberry (perfumes and cosmetics), Lanvin, Mont Blanc and Jimmy Choo brands from January 1 next year.
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FTSE hit more than 3-week high before US jobs data

Britain's leading share index hit a more than three-week high on Friday as the market looks beyond a weak employment picture in the United States after factoring in a soft patch in the pace of the economic recovery.
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Stocks rise on US economic data, jobs on tap

Stocks rose and U.S. Treasuries fell on Thursday as U.S. data showed strength in the economy, but investors were mainly focused on Friday's closely followed U.S. unemployment report for economic clues.
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Iraq hails sovereignty as US ends combat mission

Iraq celebrated its sovereignty as the U.S. military formally ended combat operations on Tuesday, despite political deadlock and persistent violence, and warned other countries not to interfere as U.S. troops depart.
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Gold mixed ahead of key US data

Gold prices mixed along with dollar in Asian trade Tuesday ahead of couple of key US reports while global stock markets declined. Gold for immediate delivery was seen trading at $ 1236.75 an ounce at 12.00 noon Singapore time while U.S. gold futures for December delivery was at $1,238.60 an ounce on the comex division of Nymex.
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US homebuilder CDS widen on weak home sales

The cost of insuring the debt of U.S. homebuilders rose on Tuesday after sales of previously owned homes dropped more steeply than expected in July to their lowers pace in 15 years.
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Gold extends losses, pin hopes on US data

Gold prices continued its southern journey in Asian trade Tuesday mainly on a strong dollar and weak equities that prompted investor's to sell the yellow metal. Gold for immediate delivery was seen trading at $1220.54 an ounce at 12.00 noon Singapore time while U.S. gold futures for December delivery was at $1,222.4 an ounce on the comex division of Nymex.
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Crude rebounds from six-week lows on weak dollar

Oil prices rebounded in the early trades today, gaining as much as 0.7% at $74 per barrel drifting at a six-week low with dollar getting weaker on the back of raising US economic concerns. The firmness in the Chinese stock markets also fuelled prices. The US crude for delivery in October rose as much as 48 cents, or 0.7 percent, to $74.30 a barrel on the New York Mercantile Exchange, and was at $74.17 at Singapore, while October ICE Brent gained 36 US cents to $74.62.
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Four Democrats urge US to act on Internet traffic

Four Democrats on a U.S. congressional panel called on regulators on Monday to press ahead with their own Internet traffic rules instead of relying on a proposal from two communications companies.
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US dollar holds gains; yen a dilemma for Japan

The U.S. dollar was holding most of last week's hefty gains in Asia on Monday with shares in the region likely to follow Wall Street lower and add to the general mood of risk aversion. Still, the early inclination was to take some profits on the dollar, and its index .DXY drifted down by 0.120 percent. That follows a 3.2 pct surge last week, which was the strongest performance since late 2008.
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US needs to tackle oil addiction with natural gas

The United States has all it needs to win the battle against oil addiction on home ground and help lead the rest of the world out of the same addiction. That's the message of NGV Global - the International Association for Natural Gas Vehicles - at an industry summit in Boston, Massachusetts.
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Rare 1794 US silver dollar sold at Boston auction

A rare 1794 U.S. silver dollar, one of the first minted in the country, sold for $1,207,500 at a Boston auction, the auctioneers said. Bowers and Merena Auctions of California, which held the auction Saturday at the Park Plaza Hotel and Towers in Boston, said the so-called Flowing Hair silver dollar is considered the fourth finest still in existence. Only about 140 are believed to remain in the world, the Boston Globe reported Wednesday.
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Weak US data, dollar keep gold up in New York

Gold prices closed higher for the week on the Comex Division of the New York Mercantile Exchange, hit a three week high in intraday, mainly on weak US employment report that hit the dollar. The most active gold contract for December delivery was up $6.0 , or 0.5 percent, to finish at $1,205.3 per ounce.
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Gold awaits US data, eyes higher finish

Gold prices advanced towards its biggest weekly gains in two months as traders await a key US data for more clues. Gold for immediate delivery was seen trading at $ 1195.43 an ounce at 12.00 noon Singapore time while U.S. gold futures for December delivery was at $1198 an ounce. on the comex division of Nymex
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Gloom in US to hit copper

ad news emanating from the US may impact copper prices and demand in the coming months even though China's still hungry for the metal. US durable goods order was dismal after witnessing the decline in consumer confidence earlier this week. The negative impact of the news is expected to soften copper.

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