Gold Diversification Doubted As Commodity Slump Continues
Thursday's London Silver Fix set the white metal's price at $32.50 per ounce, nearly $7 lower than a day earlier and 33% below the 31-year high of $48.70 set on April 28. [Silver] is still in an uptrend, despite the sharp sell-off reckons Mary Ann Bartels, head of US technical and market analysis at Bank of America Merrill Lynch, who said yesterday silver could hit $50 per ounce by the end of the year.
Goldman to raise up to 5 billion yuan China private equity fund
Goldman Sachs plans to raise up to 5 billion yuan ($770 million) for a private equity fund in China, a source familiar with the matter said on Thursday.
Tagging Pages in Facebook now a possibility
Facebook enables tagging Pages for users.
Retail sales post smallest rise in nine months
The economy struggled to gain momentum early in the second quarter, with retail sales posting their smallest rise in nine months in April and wholesale prices increasing more than expected.
Lady Gaga's surprise performance at the Cannes Film Festival [PHOTOS]
Lady Gaga kicked off the Cannes Film Festival by performing one of her latest singles off of her Born This Way album titled Judas.
Bin Laden Journal: U.S. Will Leave Arab World after New 9/11-Size Attack
Osama bin Laden's handwritten journal - obtained during a raid by U.S. forces last week - shows he urged followers conduct attacks in the U.S. on the scale of 9/11 - involving body counts in the thousands - in order to drive Americans from the Arab world, according to a report.
Obama urges companies to hire, studies housing moves
President Barack Obama urged businesses to step up and hire workers, pressing banks and other corporations to do more to help an economy that he said would take several years to recover fully.
In his native Sri Lanka, Rajaratnam is no household name
Even in the heart of Sri Lanka's financial capital, convicted hedge fund founder and one-time billionaire Raj Rajaratnam remains a mystery to many on the island of his birth.
China raises bank reserves again to tame inflation
China lifted bank reserve requirements by 50 basis points on Thursday, signaling that containing inflation and soaking up excess cash remained its top priority even after signs the economy was slowing down.
Wall Street to fall with commodities, but data add support
Wall Street was set to open lower on Thursday as falling commodities prices prompted an unwinding of bets on risky assets, including equities, while a sour outlook from Cisco hurt technology stocks.
Jobless claims fall 44,000 in latest week
U.S. claims for unemployment aid fell sharply last week after a surprisingly big rise the prior week, a government report showed on Thursday.
Google says Chromebook is 'not a computer' [Video]
Google paired up with Samsung for 'the world's first Chromebooks,' which are based on cloud computing and lack programs and stored documents.
ARM or Intel for MacBooks and desktops? Apple's dilemma
Reasons why Apple should or should not go for ARM chips in its lineup of laptops and desktops.
Want to live longer? Supportive co-workers may help
Having supportive colleagues not only makes the workday easier, it may also help people live longer, according to a new study.
Kohl's raises outlook; margins steady
Kohl's Corp reported a higher quarterly profit as the mid-price department store chain kept gross margins steady despite rising cotton prices, and the retailer raised its full-year profit forecast.
IMF urges joint action over euro zone crisis
The International Monetary Fund urged broad-based action to combat the euro zone debt crisis, saying it was ready to give Greece more aid and asking the European Central Bank to tread carefully in hiking interest rates.
Takeda offers $12 billion for drugs firm Nycomed: sources
Japan's Takeda Pharmaceutical Co is in talks to buy privately-held Swiss rival Nycomed for more than $12 billion, seeking to boost its presence in Europe and emerging markets, said two sources with direct knowledge of the matter.
Stock futures slide with commodities, Cisco
U.S. stock index futures fell on Thursday as a continuing slide in commodities prompted an unwinding of bets on risky assets, including equities, while a sour outlook from Cisco hurt technology stocks.
Spyker hit by breakdown of Saab's Chinese rescue
A rescue deal for Saab involving China's Hawtai Motor Group collapsed on Thursday, leaving owner Spyker chasing new funding alternatives to restart production at the Swedish carmaker.
Goldman Sachs to raise up to 5 billion yuan China private
Goldman Sachs plans to raise up to 5 billion yuan ($770 million) for a private equity fund in China, a source familiar with the matter said on Thursday.
Exclusive: Asia holds its nose, keeps buying U.S. debt
Asia's reserve-rich nations see no viable option but to keep on purchasing U.S. government debt despite their uneasiness about Washington's fraught political battle over public spending.
Disaster claims crimp Allianz Q1 net profit
German insurer Allianz's net profit fell 45 percent in the first quarter, hit by damage claims from the earthquake in Japan and other natural disasters.
IMF warns on eastern Europe budgets
Growth in eastern Europe should accelerate only slightly this year as domestic demand recovers, but trouble in the euro zone periphery, wide budget deficits and inflation pressures still pose risks, the IMF said on Thursday.
Windows XP genocide to be caused by Google's Chromebooks laptop
Google announced that it provides Chromebooks laptop for business users with $28 per month in Google I/O conference and the cost can be smaller than migrating cost from Microsoft Windows XP computers to new version of Windows.
Google App Engine 1.5.0 with Backends, Pull Queues and default High Replication Datastore
Google accelerated its cloud computing service with the new version of Google App Engine 1.5.0 launched with the effort of the engineers to make it on time for Google IO took place this week in San Francisco.
Nissan Q4 rises, sees full production likely by October
Nissan Motor Co reported a 7.2 percent rise in quarterly operating profit on Thursday and said global production disrupted by Japan's March 11 earthquake will return to normal at least a month earlier than predicted by bigger home rival, Toyota Motor Corp.
China growth could slow to 8 percent: Goldman's O'Neill says
China's economic growth could slow to 8 percent, Goldman Sach's Jim O'Neill said on Thursday, as economic data and a drop in commodity prices point to Beijing ending its monetary tightening policy sometime this year.
Google launches Chromebooks to usher in a web-app revolution
After showcasing its light-weight, browser-based Chrome OS on CR-48 last year, Google unveiled two Chromebooks from Samsung and Acer at its developers' conference Google I/O.
Special report: Europe's Greek tragedy
Valentine's Day is supposed to be a celebration of love between partners, but that was in short supply when ministers from Europe's single currency zone met on the fifth floor of the Justus Lipsius building in Brussels on February 14.
Nissan Q4 rises, gives no guidance on quake uncertainty
Nissan Motor Co <7201.T> posted a 7.2 percent rise in quarterly operating profit but offered no guidance for the new financial year on Thursday, citing uncertainties over the pace of recovery after the March 11 earthquake disrupted the industry's supply chain.
