Oil falls below $76 on high U.S. inventories
Oil prices fell for a third day to beneath $76 a barrel on Thursday after a jump in U.S. crude oil inventories outweighed the Federal Reserve's decision to keep interest rates near zero.
A dip in European shares on Thursday also dampened sentiment and reinforced the correlation between oil and equities. EU
Ghana Q1 gold output hits 696,172 ounce
Africa's second largest gold producer, Ghana's gold output rose to 696,172 ounces in the first quarter of this year.
According to Ghana Chamber of Mines, country's gold production hit 696,172 ounces during the first quarter of 2010, up 3 percent over the same quarter a year ago.
Gold flat to firmer after Fed's low-rate vow
Gold was flat to slightly firmer on Thursday as the Federal Reserve's vow to keep interest rates low and uncertainty over the global economy underpinned investor appetite.
On Wednesday, weak U.S. housing data helped send gold to a low below $1,230 an ounce, but its recovery since then on bargain-hunting eased bearish views that gold cannot be an exception when a sell-off hits other commodities and stocks.
Stock futures dip on Fed comments
Stock index futures slipped on Thursday as the Federal Reserve underscored worries the recovery was not as robust as hoped and ahead of weekly initial jobless claims data.
Gameworld: Video gamers can now play for more than high scores
Gamers may enjoy bragging to their friends about their virtual skills and high scores but now there's a way for players to literally put their money where their mouth is.
Europe digs in on budget austerity ahead of G20
European policymakers defended budget austerity plans on Thursday ahead of a G20 summit set to pit calls for fiscal restraint against warnings that heavy cost-cutting threatens recovery.
Dollar pares losses as Fed outlook dents growth hopes
The dollar pared losses and the yen rose on Thursday, as a less optimistic outlook on growth from the U.S. Federal Reserve dented investors' appetite for risk, while the euro was hampered by Greek debt markets.
Oil falls to $76 on high U.S. stocks
Oil prices fell for a third day to around $76 a barrel on Thursday after a jump in U.S. crude oil inventories outweighed the Federal Reserve's decision to keep interest rates near zero.
Gold broadly steady, seen picking up steam
Gold was broadly steady on Thursday, weighed slightly by traditional currency fundamentals as the dollar rose, but expectations for low interest rates and wider market jitters were keeping the metal's uptrend intact.
Dollar pares losses; Fed outlook dents risk
The dollar pared losses and the yen rose on Thursday, as the Federal Reserve's less optimistic outlook for growth dented risk sentiment, while the euro was hampered by Greek debt markets.
Sleep-deprived Apple fans brave rain for iPhone 4
Hundreds of fans flocked to stores in Tokyo to be the first buyers of Apple's iPhone 4 and some lined up in San Francisco as the red-hot smartphone rolls out on Thursday in five of the world's six largest economies.
Apple mania unabated as fans scramble for iPhone 4
Apple fans queued overnight in their hundreds outside stores in Europe and Japan to snap up the latest iPhone, as the technology giant set a new benchmark in the hard-fought and fast-growing smartphone market.
Yuan ends higher as China c.bank again steps aside
The yuan CNY=CFXS closed higher against the dollar on Thursday after moving in a wide range of more than 150 pips, as the central bank returned to a more laissez faire stance seen early in the week and let the market have a bigger say in traded values.
A Bankrupt BP - Worse For The Financial World Than Lehman Brothers?
The BP crisis in the Gulf of Mexico has rightfully been analysed (mostly) from the ecological perspective. People's lives and livelihoods are in grave danger. But that focus has equally masked something very serious from a financial perspective, in my opinion, that could lead to an acceleration of the crisis brought about by the Lehman implosion.
Oil edges up in Asia on equity gains
Global oil prices rose marginally in Asian trade Thursday mainly after positive trends in local equity markets. Light sweet crude for August delivery was seen trading at $76.48 a barrel at 11.30 a.m Singapore time while Brent crude was at $ 76.41 a barrel in London.
Gold gains thrust on Fed rate decision
Gold steadied in Asian trade Thursday after a fall of 0.5 percent overnight on a rising dollar. Gold for immediate delivery was seen trading at $1235.25 an ounce at 11.30 a.m Singapore time while US gold futures for August delivery was at $1236.01 an ounce.
Yuan revaluation to boost most commodities
A flexible Chinese Yuan (CNY) may create romm for other emerging market currencies to appreciate and thereby push up consumption of commodities in those economies in the coming months. This will prove positive for energy, gold and metals, according to an analysis by Bank of America-Merrill Lynch (BofAML).
Stock futures fall on economic growth worries
Stock index futures pointed to a lower open on Wall Street on Thursday, with futures for the S&P 500, Dow Jones and Nasdaq down 0.6 to 1.1 percent at 4:44 a.m. EDT.
Fed gloom hits stocks
Global equities and crude prices eased on Thursday on concerns over economic growth after the U.S. Federal Reserve's pessimistic outlook, though the dollar recovered from the previous session's losses.
ECB's Trichet says susterity plans don't risk stagnation
Budget austerity plans will not drag the euro zone economy into stagnation, European Central Bank President Jean-Claude Trichet was quoted on Thursday as saying.
Asian stocks steady as dollar down after Fed
Asian stocks mostly steadied while the dollar eased on Thursday amid concerns over the global outlook after the Federal Reserve said the economic recovery was faltering.
Verizon and Motorola to battle iPhone with Droid X
Verizon Wireless plans to start selling Droid X next month, launching the latest phone from Motorola Inc based on Google Inc's Android software.
Asian stocks gain on miners
Asian stocks firmed on Thursday, lifted by gain in miners on expectations Australia's government would compromise on a controversial mining tax, while the U.S. dollar eased after the Federal Reserve said the economic recovery was faltering.
Russian president downloads Silicon Valley success
Russian President Dmitry Medvedev was inspired by a tour of Silicon Valley on Wednesday and left determined to replicate the U.S. technology hub at home, despite pessimism that Russia could create a sufficiently open environment to nurture success.
Apple iPhone 4 makes glitzy debut
Fans stormed Apple Inc's store in Japan and operator Softbank Corp's outlets as the company launched a slim new version of its wildly popular iPhone.
Dell's 2011 forecast meets Street view, margins eyed
Dell Inc forecast a 14 to 19 percent jump in fiscal 2011 revenue as consumer and corporate spending returns, matching Wall Street's expectations, but investors are focusing on whether the world's No. 3 PC maker can sustain margins.
Apple iPhone 4 hits Japan in global debut
Fans stormed Apple Inc's flagship store in Japan and operator Softbank Corp's outlets as the company launched a slim new version of its wildly popular iPhone.
G20 to warn on complacency as fiscal fight looms
World leaders will warn this week against taking the global economic recovery for granted while also noting that the huge costs of stimulus could hurt long-term growth, a draft G20 document shows.
Feinberg to quit pay czar post, focus on BP fund
Kenneth Feinberg will step down from his role as U.S. Treasury's pay car later this summer to focus on administering the BP Plc's $20 billion oil spill fund, a Treasury spokesman said on Wednesday.
Australian Dollar Outlook 24/6/2010
he AUD continues to trade close to the top of its recent trading range, supported by the currency control changes out of China.