'Risks in fiat currencies pushes gold higher'
The price of gold Thursday topped $1,252 before settling at a close of $1,245 on a combination of unpleasant economic news and a drop in the US dollar against every major currency save the Canadian dollar. Liberty International Financial Services director of research, J.M. Schuler, anticipates that the price of gold will continue to climb in the weeks ahead.
Ahmedabad to replace London in bullion trade?
Will Ahmedabad replace London as the location for clearing houses for the world bullion trade.
If noted expert on bullion market Bhargava N Vaidya's words are of any value, Mumbai and Ahmedabad are better suited for the location for bullion trade clearing houses rather than Loddon.
Wall Street rises as China move boosts resource shares
Stocks climbed on Monday as China's vow to allow a flexible yuan invigorated optimism in the global recovery and raised the outlook for sales in the long term at U.S. multinationals.
Market stress eases further, euro Libor climbs
Financial market stress eased further on Monday as investors cheered Beijing's vow to make its currency more flexible, but interbank euro funding costs rose again with excess money market liquidity set to drop.
Semiconductor industry to pave way for base metals
Having recovered from the recession blues during 2008, the semiconductor market in India posted a healthy growth in 2009 and with Indian economy seen growing at the growth rate of over 9% for 2010-11 the semiconductor segment as well as the allied metal sectors are believed to get a boost on the growth.
Barnes & Noble launches Wi-Fi version of Nook
Barnes & Noble Inc introduced a new Wi-Fi version of its Nook electronic book reader on Monday and lowered the price on its 3G-compatible Nook amid intensifying competition in the fast growing electronic-books industry.
Stock futures point to strong open after China yuan move
Stocks were poised to rally at the open on Monday as China's vow to allow a flexible yuan invigorated optimism in the global recovery and raised the outlook for sales in the long term at U.S. multinationals.
Aussie gains on yuan rise, euro supported
The euro and Australian dollar hit their highest against the U.S. dollar in about a month on Monday after China allowed the yuan to rise to a post-revaluation high, boosting demand for riskier currencies.
BHP and Rio get iron ore JV nod from Western Australia
Rio Tinto and BHP Billiton moved closer to a $116 billion iron ore joint venture after the Western Australia government approved the plan in return for payment of higher mining royalties, a deal that undermines Prime Minister Kevin Rudd's planned mining super tax.
China unshackles yuan ahead of G20, as promised
China's yuan surged on Monday by the most of any day since its landmark revaluation in 2005, sending a clear signal ahead of this weekend's G20 summit that Beijing is keeping to its word and allowing greater currency flexibility.
China unshackles yuan ahead of G20
China's yuan surged on Monday by the most of any day since its landmark revaluation in 2005, sending a clear signal ahead of this weekend's G20 summit that Beijing is keeping to its word and allowing greater currency flexibility.
Molecular discovery suggests new strategy to fight cancer drug resistance
Scientists at Dana-Farber Cancer Institute have found a way to disable a common protein that often thwarts chemotherapy treatment of several major forms of cancer.
Toshiba takes on Amazon and Apple with dual-screen PC
Toshiba on Monday launched a dual-screened mini notebook PC that can be used as an e-book reader, adding to competition for the likes of Apple Corp's iPad and Amazon.com's Kindle.
Yuan soars to post-revaluation high, PBOC steps aside
China's yuan CNY=CFXS soared on Monday to its highest against the dollar since the landmark 2005 revaluation, with the central bank stepping aside and tolerating broad gains on the first trading day since scrapping the currency's two-year peg to the dollar.
Can discounts win back gold buyers?
With gold prices soaring to unimaginable levels, jewellery shops in India are offering attractive discounts to customers in a bid to lure them back to the shops.
Gold hits record near $1,265 as dollar slips
Gold prices rose to a record high at $1,264.90 an ounce in Europe on Monday as a slip in the dollar added impetus to the metal's existing rally on the back of rising concerns over financial and sovereign risk.
Stock futures jump as yuan move fuels world markets
Stock index futures rose sharply on Monday as global stocks gained after China's vow to allow a flexible yuan exchange rate boosted investor appetite for risky assets.
Euro off 1-mth high, Aussie firm on yuan rise
The euro and Australian dollar hit their highest levels in about a month on Monday after China allowed the yuan to rise to a post-revaluation high, but confidence in the single currency's recovery remained fragile.
Saudi move may fuel gold rally
Till now the bullion world used to believe that only China is secretive about its gold reserves and other nations are giving out the data properly tom the world. But, now it has emerged that even Saudi Arabia has been hoarding gold for the past year and its reserves have gone up substantially.
Corn Products buys AkzoNobel unit for $1.3 billion
U.S.-based Corn Products International will buy the National Starch business of Dutch paints firm AkzoNobel for $1.3 billion in cash, completing the Dutch firm's delayed sale of non-core businesses.
China yuan move boosts European shares
European shares rose for a ninth session on Monday, hitting a five-and-a-half week high, after China allowed more flexibility in the yuan exchange rate that boosted confidence in the global economy.
Euro just off 1-month high
The euro and Australian dollar hit their highest levels in about a month on Monday after China allowed the yuan to rise to a post-revaluation high, though analysts said option barriers were hampering further gains.
Oil rises towards $79 on Chinese demand outlook
Crude oil gained more than one percent on Monday after China pledged to make its currency more flexible, raising expectations of higher demand from the world's second largest energy consumer.
Liberty Media to split off Capital and Starz units
Liberty Media Corp, the media conglomerate controlled by mogul John Malone, said on Sunday it plans to spin-off two of its units -- investment arm Liberty Capital and pay TV and Hollywood studio unit Liberty Starz .
BHP and Rio agree higher Western Australia iron ore royalty
Iron ore miners Rio Tinto and BHP Billiton have agreed to pay higher royalty rates to the Western Australian state government in return for approval for their $116 billion joint venture.
Shed Media confirms talks with Time Warner
British television production company Shed Media on Monday confirmed it was in offer talks with Warner Bros Entertainment Inc, a unit of Hollywood media group Time Warner .
Euro just off 1-mth high, Aussie firm on yuan rise
The euro and Australian dollar hit their highest levels in about a month on Monday after China allowed the yuan to rise to a post-revaluation high, though analysts said option barriers were hampering further gains.
Yuan not a topic for specific talks at G8/G20: Kremlin
China's currency will not be a specific topic of discussion at the G8/G20 meeting, while paying for future oil spills will be on the agenda, the Kremlin's top economic aide said on Monday.
Shed Media confirms offer talks with Time Warner
British television production company Shed Media on Monday confirmed it was in offer talks with Warner Bros Entertainment Inc, a unit of Hollywood media group Time Warner .
China yuan rise accelerates move to risk
Stocks and commodities jumped on Monday and U.S. Treasuries fell after China let the yuan rise to the highest since July 2005, with more currency flexibility easing tensions with the West and encouraging investors to snap up riskier assets.
