Gold prices hit record highs for a fifth session on Thursday and silver rallied to its strongest since 1980 as the dollar slid to a three-year low against a basket of major currencies.
Bullion powered to a lifetime high for a fifth consecutive session on Thursday on a sharply weaker dollar, while lingering tensions in the Arab world, worries about the euro zone crisis and U.S. fiscal health offered additional support.
The U.S. dollar slid to a 2-1/2-year low against a basket of major currencies and Asian stocks were poised to hit a 3-year high on Thursday, as investors scrambled to get in front of upward momentum in higher-yielding assets, particularly in emerging markets.
Gold rose above $1,500 an ounce on Wednesday for the first time ever as the dollar wilted, oil rose, worries over the U.S. economic outlook boosted demand for the metal as a haven and rising inflation lifted Asian demand.
Gold shot up above $1,500 an ounce on Wednesday for the first time ever as worries over the health of the global economy boosted the metal as a safe haven.
Asian stocks rose on Wednesday as strong results from chip maker Intel Corp prompted a rally in tech shares, while renewed strength in metals prices boosted materials companies and also lifted the commodity-linked Australian dollar.
Asian stocks rose on Wednesday as strong results from chip maker Intel Corp prompted a rally in tech shares, while renewed strength in metals prices boosted materials companies and also lifted the commodity-linked Australian dollar.
Uganda will order social media sites Twitter and Facebook blocked locally if further protests over high food and fuel prices take place because they are being used to fan unrest, a senior official said Tuesday.
China's yuan is close to being a freely usable currency, one of two key tests for it to be included in the International Monetary Fund's currency basket, the deputy governor of China's central bank said on Sunday.
Tokyo Electric Power Co. <9501.T> plans to sell its shares in KDDI Corp <9433.T> to help pay for compensation costs stemming from the disaster at its Fukushima Daiichi nuclear power plant, a newspaper reported on Sunday.
China's turbo-charged growth eased just a touch in the first quarter, while its inflation jumped to a 32-month high, putting pressure on the government to do more to rein in prices and keep the economy on an even keel.
South African President Jacob Zuma on Friday added his voice to criticism of the United States for pursuing loose policies that he said are putting the world economy at risk.
Gold jumped to another record high on Friday after the dollar fell to its lowest since late 2009 against a basket of major currencies, taking silver to a 31-year high, while inflation pressures in China also helped lift bullion's appeal.
Agribusiness and trading giant Cargill Inc said quarterly earnings rose 30 percent, lifted by its grain processing business.
SINGAPORE The yen weakened and Asian stocks headed higher on Wednesday, with investors looking for fresh opportunities to bet on risky assets after a sharp drop in oil the previous day caused an unwinding of positions.
U.S. companies would be largely spared from increases in the costs of using derivatives when they hedge against price fluctuations, under U.S. regulatory proposals issued on Tuesday.
The European Commission expects a formal request from Portugal for aid soon and a deal will probably be agreed to ease its debt crisis before a new government is elected on June 5, officials said on Thursday.
Global food prices measured by the U.N.'s food agency may have come off record highs in March after falls in grain prices, but supply concerns and soaring oil prices mean such a move could just be a pause before new peaks.
DuPont faces a tough task to convince shareholders of Danish group Danisco to accept its $6.4 billion offer, even after it cleared another hurdle by gaining European Union approval for the deal.
Cash-rich Belgian chemicals group Solvay SA is betting on emerging markets exposure and specialty chemicals with a 3.4 billion euros ($4.8 billion) cash bid for French group Rhodia SA .
Cash-rich Belgian chemicals group Solvay SA is betting on emerging markets with a 3.4 billion euro ($4.8 billion) cash bid for French rival Rhodia SA , ending a year-long hunt for acquisitions.
Chocolate treats will continue to get a little less chocolaty if the cost of the key ingredient cocoa rises further and the long-term supply concerns become a reality, one U.S. manufacturer told Reuters.
Asian shares outside Japan rose to their highest in nearly three years on Friday, looking to extend a three-quarter winning streak, while the yen slipped on the view Japanese interest rates will stay near zero for a long time to help the quake-ravaged economy.
The U.S. futures regulator must swallow its pride and ask Congress for a delay in implementing derivatives regulations, some lawmakers and businesses said on Thursday as they criticized the agency for moving too fast.
American electric carmaker Tesla Motors Inc said on Wednesday it is suing the BBC's hit motoring show Top Gear for allegedly faking a race between its electric sports car and a petrol-driven Lotus Elise.
American electric carmaker Tesla Motors Inc said on Wednesday it is suing the BBC's hit motoring show Top Gear for allegedly faking a race between its electric sports car and a petrol-driven Lotus Elise.
U.S. chemicals group DuPont
extended its $6 billion takeover bid for Danisco by four weeks after holders of only 6 percent of the Danish company's shares had accepted the offer.
U.S. chemicals company DuPont extended its $6 billion takeover bid for Denmark's Danisco by four weeks and said shareholders of 6 percent of Danisco's stock had accepted the offer.
Dollar dominance is sowing the seeds of financial turmoil, and the solution is to promote new reserve currencies, a Chinese government economist said in a paper published on the eve of a G20 meeting about how to reform the global monetary system.
A futures regulator proposal that would place position limits in the commodities markets may not prevent manipulation or speculation, and would prevent operators of commodity funds from meeting their investment goals, an exchange-traded fund manager said.