Gold dips as dollar firms, investors shift focus
Gold prices eased a touch on Friday, pressured by gains in the dollar and softer investment demand for the metal after a raft of well-received economic data boosted interest in other assets.
UK producer prices surge in January
Factory gate inflation rose twice as fast as expected last month, and the cost of raw materials soared, heaping pressure on the Bank of England to raise interest rates sooner rather than later.
Recessions since Great Depression
A recession is the decline of a nation's gross domestic product (GDP) over two or more consecutive quarters. It is also referred to as a period of economic decline and reduced economic activity. During recessions, many macroeconomic indicators vary in a similar way. GDP, employment, investment spending, capacity utilization, household incomes; business profits and inflation all fall, while bankruptcies and the unemployment rate rise. Here is a list of recessions that occurred since the Great ...
Six Reasons Why Nokia Adopted WP7
It is official. Nokia will be adopting Microsoft's Windows Phone 7 as its new smartphone operating system (OS), a move that could be the beginning of a new era for the Finnish mobile giant.
More news
North Australia set to face more weather extremes, corals show
Flood and storm-battered northern Australia is likely to suffer more frequent weather extremes, according to a study of coral cores that reveal a centuries-old climate record for the region.
Oil price surge to boost Total profits
Soaring oil prices will help France's Total (TOTF.PA) produce bumper annual profits on Friday, when investors hope for details on how much Europe's third-largest oil group will invest to revive output.
Stocks close narrowly mixed amidst Mubarak speculation
Stocks finished narrowly mixed, amidst much speculation that Egyptian President Hosni Mubarak would voluntary resign from his office. (He later announced that will stay on until September elections).
Time for Portuguese debt crisis?
On Thursday, yields on the Portuguese 10-year sovereign debt reached an all-time euro-era high of 7.6 percent.
World Equities Fall, ECB Buys Portugal Debt
World stock markets fell hard on Thursday, with Hong Kong shares losing 2% and London's FTSE100 dropping 0.9% by lunchtime. Indian stock markets have lost more than $20 million per minute so far in 2011, the Economic Times reports, with billionaire Anil Ambani blaming vicious and illegal rumors.
Ivorian farmers fear cocoa to rot as buying halted
A halt to cocoa-buying in Ivory Coast is leaving beans to rot in farm warehouses, while smuggling through Ghana intensifies and some growers switch to other crops, farmers said on Thursday.
S.Africa's December manufacturing output disappoints
Growth in South Africa's manufacturing output slowed to just 0.2 percent on the year in December and was far below analysts forecasts, showing the vital sector still struggling to recover from a recession in 2009.
Africa, Caribbean urged to brace for food price shocks
The World Bank and International Monetary Fund are warning poor regions that have so far not been hit by rising food prices, like sub-Saharan Africa and the Caribbean, to get ready to face them.
US stocks decline despite jobs data
U.S. stocks declined in early trade on Thursday despite better-than-expected jobs data with tech stocks particularly remaining weak as disappointing earnings from Cisco Systems weighed on the sentiment
Ford sues Ferrari over 'F-150' name on race car
Ford Motor Co sued Ferrari for trademark infringement after the Italian sports care maker named its 2011 Formula 1 racing car the F150.
US stocks decline; Cisco shares plunge 11 pct
U.S. stocks declined in early trade on Thursday despite better-than-expected weekly jobless claims data as disappointing earnings from Cisco Systems weighed on the sentiment.
Inflation in China exceeded 5 pct in Jan.
Analysts have estimated that China’s consumer price index (CPI) went past 5 percent in January on annual basis, Securities Daily reported on Thursday.
Gold dips below $1,360 as dollar strengthens
Gold eased below $1,360 an ounce in Europe on Thursday as the rising dollar pressured prices, and with Asian buying still light after the Lunar New Year holidays.
US initial jobless claims fall sharply in second straight week
Applications for jobless benefits in the U.S. fell more than expected for the week ended Feb. 5, marking a drop for the second consecutive week.
Pre-Market NASDAQ Movers (SQNM, WFMI, PGNX, CLWR, XNPT, IDIX, EZCH, AMKR, TQNT, AKAM, CSCO)
The top pre-market NASDAQ stock market gainers are: Sequenom, Whole Foods Market, Progenics Pharmaceuticals, Clearwire, and Xenoport. The top pre-market NASDAQ stock market losers are: Idenix Pharmaceuticals, EZchip Semiconductor, Amkor Technology, TriQuint Semiconductor, Akamai Technologies, and Cisco Systems.
Brazil doubles budgetary cuts
The Brazilian government plans to cut the federal budget by about $30 billion in 2011, which is more than double the budgetary cut last year, said a media report on Thursday.
Pre-market movers on Feb. 10 (WFM, S, FTI, AKAM, CSCO, CS, LEN, PEP)
The companies whose shares are moving in pre-market trade on Thursday are: Whole Foods, Sprint Nextel, FMC Technologies, Akamai Technologies, Cisco Systems, Credit Suisse, Lennar Corp and PepsiCo.
Diodes Upgraded at Robert W. Baird
Robert W. Baird upgraded its rating on shares of Diodes Inc. (NASDAQ: DIOD) to outperform from neutral on attractive valuation. The brokerage raised its price target on shares of the supplier of components to chipmakers to $32 from $20.
ID theft in US declined 28 pct last year
The number of identity fraud incidents decreased by more than a quarter in the US last year, recording the lowest levels since 2007, said a survey by Javelin Strategy & Research.
Bank of England holds key rate at record low
Caught between calls to rein in inflation and prop up the fragile economic recovery, BoE's Monetary Policy Committee decided to support the government's fiscal tightening efforts without bumping off the shoots of economic recovery.
UK industrial output rose 0.5 pct in Dec., manufacturing contracts
Industrial production in the UK rose in December last year, mainly led by a sharp increase in the output of utilities.
Aero India 2011: Eurofighter consortium seeks industrial partnership with India
In order to phase India into the global Eurofighter Typhoon program as a significant manufacturing and engineering partner, the Eurofighter partners will promote strategic relationship between India and Europe.
Facebook to move into new HQ in Menlo Park
Social network giant, Facebook, has confirmed its plans on Tuesday to move its headquarters to Sun Microsystems' former campus in Menlo Park, California.
Stocks in Focus (CSCO, ALL, LGF, PEP, S, PM, WYNN, GT, KFT, NBL)
The companies which are expected to see active trade on Thursday are: Cisco Systems, Allstate Corp, Lions Gate Entertainment, PepsiCo, Sprint Nextel, Philip Morris International and Wynn Resorts.
Top After-Market NYSE Movers (ECA, ENS, LGF, FXCM, GT, TEX, TVL, ALL, CGA, CY)
The top after-market NYSE gainers on Wednesday are: Encana Corp, EnerSys, Lions Gate Entertainment, FXCM and Goodyear Tire & Rubber. The top after-market NYSE losers are: Terex, LIN TV, Allstate, China Green Agriculture and Cypress Sharpridge Investments.
Post-Market NASDAQ Movers (SCSS, WFMI, FLWS, SFSF, LCRY, IDIX, PACR, TQNT, AMKR, AKAM)
The top after-market NASDAQ stock market gainers are: Select Comfort, Whole Foods Market, 1-800-Flowers.com, SuccessFactors, and LeCroy. The top after-market NASDAQ stock market losers are: Idenix Pharmaceuticals, Pacer International, TriQuint Semiconductor, Amkor Technology, and Akamai Technologies.
Food inflation eases, price pressures remain
India's food inflation eased in end January on moderating prices of fruits and vegetables but annual headline inflation in January is still expected to remain high.
Stocks finish narrowly mixed as Bernanke warns of high joblessness
U.S. stocks finished narrowly mixed after Federal Reserve chief Ben Bernanke warned that unemployment may remain at elevated level for several years, although he downplayed inflation risks.
NYSE Euronext and Deutsche Borse in talks to merge
The New York Stock Exchange (which also owns Euronext) and Germany’s Deutsche Borse have said they are in advanced talks to merge in a transaction that would result in the biggest stock exchange in the world valued at $24-billion.
Zambia plans to export electricity
Zambia expects its power generation capacity to rise to over 3,000 megawatts by 2016 and plans to export the surplus electricity to its neighbours, the chairman of state power firm Zesco told Reuters on Wednesday.
Pages
- MOST READ IN Economy & Markets
- 1
- 2
- 3
- 4
- 5
Editor's pick
-
Nature Pays Price For War In Israel's North
-
Cracks Deepen In Canada's Pro-immigration 'Consensus'
-
Mexico City Youth Grapple With Growing Housing Crisis
-
Greece's Ambitious 'Smart City' By The Sea Takes Shape
-
Dating Apps Move To Friend Zone In Search Of Profits
-
In Colombia, A River's 'Rights' Swept Away By Mining And Conflict
-
How China's Censorship Machine Worked To Block News Of Deadly Attack
-
Surfboards With Bright Lights Could Deter Shark Attacks - Researchers
-
Nations To Submit Boosted Climate Plans: What's At Stake?
-
Bees Help Tackle Elephant-human Conflict In Kenya
