GLOBAL MARKETS

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Why Rising Rates Are Super Bullish for Gold and Silver

The gold naysayers are using rising rates as a way to dismiss gold. Let me explain why this belief is not only false but also utterly dangerous. First and foremost, the parameters have changed in just a few short years. Government debt has increased substantially in the last few years.

Gold and Silver Technicals: Wait and buy gold at $1,300, bears say showing charts

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Precious metals dropped to fresh multi-week lows on Tuesday helped by a view that rising overall investor confidence will cut safe-haven demand for the commodities while chartists turned history pages and 'decided to wait' for an additional discount of $30 for an ounce of gold, which is already $100 down from its peak seen less than two months ago.
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International Monetary Fund (IMF) Managing Director Dominique Strauss-Kahn (R) and Governor of People's Bank of China Zhou Xiaochuan seen in this file photo.

IMF projects India to grow at 8.4 pct in 2011

The International Monetary Fund (IMF) said it expects India to grow at 8.4 percent in 2011 and fall to 8 percent, unchanged from its prior estimate as the two-speed global recovery will continue.

Huawei Sues Motorola Over Asset Sale

China's Huawei Technologies Co. Ltd. has sued Motorola to delay the sale of the latter's wireless infrastructure business to Nokia Siemens Networks. The lawsuit alleges that such a sale would possibly result in illegal transfer of Huawei's intellectual property.

Global recovery not translating into jobs: ILO

Global economic recovery is not resulting in job creation, as the number of the unemployed people worldwide stood at a record 205 million last year, the International Labour Organization (ILO) warned on Monday.
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Gold drops on technicals; euro zone worries support

Gold turned weaker on technical selling on Monday, after the metal initially rose as a lower dollar and lingering worries about an European debt crisis helped recoup some lost ground from a two-month low last week.
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Gold and silver technicals: Good entry points at 150, 100 SMAs?

The yellow and white precious metals have pared most of Monday's Asian gains in North American trading but the metals see strong supports at current levels as the sharp correction in recent days have already brought them to technically justified points of entry.
A currency dealer counts Kenya shillings at a money exchange counter in Nairobi

Kenyan shilling steady vs dollar, stocks dip

The Kenyan shilling ended unchanged on Monday against the dollar but is expected to come under pressure from end-month corporate dollar demand while stocks eased as investors sold off Kenya Power and Lighting.
A webshot of the corporate homepage of RadioShack

RadioShack plunging on chairman’s retirement

RadioShack Corp. (RSH) stock is plunging on news that its chairman and chief executive officer, Julian Day, will retire in May. The company also posted preliminary fourth-quarter earnings that fell below analyst’s expectations.

Google Grants $100 Mln Equity to Eric Schmidt

Search giant Google said it will award $100 million worth of equity to Eric Schmidt, who will step down as the company's chief executive in April to make way for co-founder Larry Page.
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Pre-market movers on Jan. 24

The companies whose shares are moving in pre-market trade on Monday are: Nvidia, First Solar, Sara Lee, Micron Technology, Halliburton, Radioshack, Salesforce.com and Carnival Corp.
Traders work on the floor of the New York Stock Exchange

US futures edge lower ahead of earnings

Futures on major U.S. indices point to modestly lower opening on Monday as investors awaited the earnings from major firms including McDonald's and Texas Instruments.
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Stocks in Focus

The companies which are expected to see active trade on Monday are: Texas Instruments, American Express, Amgen, McDonald's, CSX, Halliburton and Sealed Air.

World tourism will wake up to new sunshine by 2020

Europe will continue to be the top region for inbound travel with number of arrivals expected to be about 717 million by 2020, and India will lead in South Asia region for maximum number of arrivals.

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