A four member delegation from Alrosa Co. Ltd, headed by vice president Mr. Yury Okoyomov is on an exploratory trip to India from 21st February to 26th February, 2010. The team has met up with the Gem & Jewellery Export Promotion Council (GJEPC) headed by chairman Mr. Vasant Mehta on 22nd February, 2010.
Till now the question was whether a group of currencies would replace the dollar or even gold? Now, here comes the prediction amidst global warming and cllimate change concerns that carbon credit will replace the US dollar as the currency of international trading within five years.
World crude steel production for the 66 countries reporting to the World Steel Association (worldsteel) was 109 million metric tons (mmt) in January. This is 25.5% higher than January 2009.China's crude steel production for January 2010 was 48.7 mmt, an increase of 18.2% on January 2009. Japan produced 8.7 mmt of crude steel in January 2010, up 36.8% compared to the same month last year. South Korea showed an increase of 32.4% from January 2009, producing 4.5 mmt of crude steel in January 2010.
Oil rose above $78 a barrel on Thursday, supported by a drop in U.S. distillate inventories despite a stronger U.S. dollar.
Global oil prices recovered in European trade Tuesday mainly after the dollar dropped, reducing the appeal of commodities as an alternative investment. Light sweet crude for March delivery was seen trading at $75.34 a barrel at 4.00 p.m Indian time while Brent crude was at $73.95 a barrel at the same time. Crude oil advanced as the euro strengthened against the dollar, reducing the appeal of commodities as an alternative investment.
Groundhog Day, which is celebrated in the U.S. and Canada on February 2nd, has its origins in European weather folklore, where a badger rather than a groundhog is the weather forecaster. The most famous Groundhog Day celebration occurs in Punxsutawney, Pennsylvania. Tradition holds that if Punxsutawney Phil sees his shadow when emerging from his burrow, as he did this year, there will be six more weeks of winter weather. Overcast conditions and the absence of a shadow signify warmer weather for ...
South Korea aims to set up a global grain purchasing and distribution company that can better insulate the country from fallout from global price hikes. According to state-run agriculture trading corporation, Korea Agro-Fisheries Trade Corp, the plan calls for the new grain handling company to set up an international distribution network in the next 10 years.
The 1200 km long Baltic natural gas project received its final approval Friday as Finland gave permission to the $10.6 billion project. Finnish environmental department gave permission for the project, paving the way for construction of the between Russia and Germany. The southern Finnish Regional State Administrative Agency said that it had granted Nord Stream a permit to build the pipeline through Finland's economic zone in the Baltic Sea.
The World Gold Council (WGC) has published 'Gold for Good: Gold and nanotechnology in the age of innovation', a research paper detailing new scientific and technological innovations using gold. The report, which was produced in conjunction with Cientifica Ltd, the world's leading source of global business and investor intelligence about nanotechnologies, demonstrates how gold nanoparticles offer the potential to overcome many of the serious issues facing mankind over the coming decades.
Oil dipped below $73 in choppy trade on Wednesday after OPEC trimmed its 2010 global demand growth forecast and as the dollar strengthened against the euro.
Oil dipped below $74 in choppy trade on Wednesday after OPEC trimmed its 2010 global demand growth forecast.
Oil rose above $74 a barrel on Wednesday, bouncing from earlier losses, as the euro extended gains against the dollar on hopes for a bailout for Greece.
In the last few months, we have been reading predictions and forecasts from bullion analysts who insisted and argued that gold price is booming to touch $2,000, $3,000, $5,000, $10,000 per ounce in the coming years. These forecasts have caught people's attention who have been pouring money into gold and other precious metals all these months. But after the big surge of gold price to $1,227 per ounce some two months back, the yellow metal has been climbing down the ladder of speculation.
Africa's largest oil producer, Nigeria is concerned on reports that its oil reserves in the Niger Delta region will dry and disappear by the year 2040. Studies by country's Regulatory and monitoring organs blamed activities of militant groups in the region, ineptitude leadership and rapid depletion of ore, a major component for the exploration are contributory factors that may see the end of Nigeria's oil.
Globally renowned commodities expert and investor Jim Rogers says world's focus in the coming years is going to be on agricultural commodities and food prices. According to him, the prices of agricultural commodities and food are going to continuously rise in the coming years. Commodity prices are going to shoot up. The challenge is that people are eating more foods these days. But the supply of food products is coming down, he said.
Oil rose above $72 a barrel on Tuesday due to a weaker U.S. dollar and robust buying interest as investors looked for bargains following last week's price slide to near two-month lows.
The common misconception is that ETFs take in investor money and then go out and buy the assets according to their investment mandate, like a traditional open-end mutual fund.
Recently there have been a number of articles on the Internet about tungsten-filled gold bars, as well as rumours that there are more fake and counterfeit coins than real ones.
India's National Spot Exchange has begun spot delivery contracts for agri commodities such as soybean, chana, wheat, mustard and coriander seeds at Guna in Madhya Pradesh. India's Minister of State Commerce and Industry, Jyotiraditya Scindia on Friday inaugurated the initiative to set up an electronic spot market in the state of MP.
Oil fell below $73 a barrel on Friday, extending losses after its biggest one-day fall since July, and as the U.S. dollar hit a seven-month high against a basket of currencies.
Oil was steady near $73 on Friday, near lows for the year after its biggest one-day drop since July in the previous session, as the dollar jumped to its highest against the euro in eight months.
India's food inflation rose again to 17.56 percent for the week ended Jan 23 compared with previous week's 17.40 percent. Food inflation, which was easing after touching decade's high of about 20 per cent in December, rose mainly because potatoes became dearer by 44.91 per cent and pulses by 44.43 per cent over the previous year.
Oil fell by more than $2 to below $75 a barrel on Thursday as rising crude inventories and higher unemployment figures in the United States dampened expectations for stronger demand.
Oil fell by more than $1 to below $76 a barrel on Thursday as rising crude inventories and higher unemployment figures in the United States dampened expectations for stronger demand.
Oil fell toward $76 a barrel on Thursday as rising crude inventories in the United States signaled a rebound in U.S. economic activity was failing to translate into higher demand.
Oil fell toward $76 a barrel on Thursday as rising crude inventories in the United States signaled a rebound in U.S. economic activity was failing to translate into higher demand.
Oil slipped toward $77 a barrel on Wednesday after U.S. data showed crude inventories in the world's largest energy consumer rose more than expected while refinery utilization rates fell again.
Oil rose above $77 a barrel on Wednesday ahead of key inventory data out of the world's largest energy consumer, the United States.
Oil dipped below $77 a barrel on Wednesday, retracing gains made earlier in the week ahead of key inventory data out of the world's largest energy consumer, the United States.
Oil touched a two-week high above $78 a barrel on Wednesday, rising ahead of key inventory data out of the world's largest energy consumer, the United States, later in the session.
