IBT Staff Reporter

Global woes and the uncertainty over the future have forced investors to go for bullion and the prospects for silver is extremely good in the coming years, said metal consultants CPM Group.

After the initial surprise and shock generated by the Euro rescue mission worth $1 trillion, the ominous economic woes loomed large over the global markets and as a result the safe haven quotient of gold soared again and the yellow metals again started its upward journey with the prices jumping above $1,200 per ounce levels. Mostly the gold futures market across the globe witnessed the surge as investors were skeptical about the IMF-EU-sponsored bailout package for the Euro zone.

U.S. stock index futures pointed to a higher start for Wall Street on Wednesday, on track to reverse the previous session's losses, with futures for the Dow Jones, S&P 500 and Nasdaq all up around 0.2 percent by 04:40 a.m. EST.

Federal Reserve Chairman Ben Bernanke on Tuesday described the Greek debt crisis to lawmakers as a European dilemma but one that could have hit U.S. banks if left unattended, senior senators said.

About 200 students have held a rally to protest in a series of violent attacks near the University of Tasmania's Hobart campus.

Global oil prices dropped below $76 a barrel in Asian trade Wednesday mainly on declining market enthusiasm over a huge Eurozone rescue package. Light sweet crude for June delivery was seen trading at $75.84 a barrel at 11.30 a.m Singapore time while Brent crude was at $ 80.34 a barrel at the same time in London.

Gold prices eased in Asian trade Wednesday after closed near to all time high overnight. Gold for immediate delivery was seen trading at $1227.58 an ounce at 11.30 a.m Singapore time from Tuesday's close of $1232.05 an ounce.

Nissan Motor Co expects growth in emerging markets and launches of new models such as its Micra compact to provide only a modest boost to profits this year, in a cautious view echoing its larger Japanese rivals.

European shares jumped more than 1 percent and the euro strengthened on Wednesday on signs of continued German growth and Spain's plans to cut its deficit.

Morgan Stanley Chief Executive James Gorman said he had no knowledge of any U.S. federal investigation into the Wall Street firm as was reported by media.

Study shows that parents' stress during the economic downturn can lead them to inadvertently injure their children.

The last major European country to approve keeping Opel afloat with money backstopped by taxpayers could make a preliminary recommendation on Wednesday affecting as many as 120,000 jobs in Germany alone.

The euro slipped on Wednesday on nagging worries about festering euro zone debt problems despite a $1 trillion rescue package unveiled this week, which fueled a short-lived rally in global stocks.

Hyundai Motor Co has floated plans to enter the high-stakes U.S. pickup truck market and proposed a partnership with Chrysler Group LLC, three people with knowledge of the process said.

General Motors Co is considering options that would give it a captive auto financing arm and allow its dealers to offer more competitive loans and lease deals, two people with knowledge of the plans said.

Global oil prices dropped below $76 a barrel in Asian trade Wednesday mainly on declining market enthusiasm over a huge Eurozone rescue package. Light sweet crude for June delivery was seen trading at $75.84 a barrel at 11.30 a.m Singapore time while Brent crude was at $ 80.34 a barrel at the same time in London.

A special board committee of American International Group Inc has hired its own financial adviser, a sign the insurance company is setting plans to repay taxpayers, the Wall Street Journal reported on Tuesday.

Countries within the euro zone should implement a new system of cross-border budgetary co-ordination, the managing director of the International Monetary Fund told the Financial Times in an interview.

Japan's Ministry of Finance intends to take advantage of the current low government bond yields to prolong the average maturity of its debt to reduce refunding risks, a senior ministry official said on Wednesday.

Gold is setting its price at historic records even as European nations led by Greece are in the grip of a huge debt crisis. On Tuesday, gold futures on Comex surged to hit a record high of $1,232.50 an ounce. This is the first time in the history of bullion trading that gold has zoomed to touch this level.

A new study suggests that strenuous exercise appears to stop the body's cells from killing themselves as they're programmed to do.

Based on early research on contraceptive for men, University of North Carolina experts believe a blast of ultrasound to the testes can safely stop sperm production for six months.

Tasmania - Asbestos contamination in an abandoned hospital at Queenstown have raised some concerns from its residents.

A Canadian man pleaded guilty to illegally using the wires to transmit bets and wagering information in connection with an alleged $350 million Internet gambling scheme, federal prosecutors in Manhattan said.

The top securities regulator said no single event had been found to explain Thursday's mysterious market plunge, but the shocking drop was unacceptable and additional safeguards were coming.

AHMEDABAD: An 83-year-old Indian holy man who says he has spent 65 years without food or water has astounded a team of military doctors who studied him during a two-week observation.

The top securities regulator said no single event had been found to explain Thursday's mysterious market plunge, but the shocking drop was unacceptable and additional safeguards were coming.

The Australian Dollar has opened weaker this morning following a raft of news releases overnight across the globe.

Janet Wiles, a cognitive scientist and co-author of The Memory Book: Everyday Habits for a Healthy Memory says that physical activities make new brain cells.