Tapping solar energy
Commodity Online
India is a sunny country with a solar energy potential of 20 mw every square km. At present, only a tiny fraction of it is being tapped. Solar energy can be used directly in...
Oil follows gold down below $101 a barrel
Commodity Online
NEW YORK : World oil prices continued their southward journey for the third consecutive day Tuesday as US stocks and dollar gained more strength overnight.The fell was de...
Will the financial system be recreated
By Paul Tustain
Now that he's wearing some sort of do good government hat, even Hank Paulson is not thinking straight.Regulate in New York, and finance will only go to Toronto. Regulate i...
Gold nosedives to record low at $872.90
Commodity Online
NEW YORK: Gold and other precious metals tumbled to a two month low Tuesday as the US dollar and stocks gained heavily overnight.Gold hit a low of $US872.90 and was quote...
Radiohead Invites Fans to Remix their New Single
Radiohead launched a website giving fans the opportunity to remix the band's new single Nude by mixing stems or component parts of the song.
Asian Trading Higher on U.S. Trade Rally
Asian markets gained on Wednesday with Japanese stocks leading the boost as financials such as Mizuho Financial Group spiked after an equity offer from Lehman Brothers Holdings Inc.
Bush: Russia should not fear Ukraine's NATO Bid
U.S. President George W. Bush expressed support for Ukraine and Georgia as they move towards NATO membership, ahead an alliance summit in Romania where opposition from fellow European countries will be likely.
Copper Futures Fall as Fears of Weak Demand Weigh
Copper futures fell as Chinese inventories rose, originating worries about lower demand from China, the top consumer of the metal in the world.
India's Videocon Eyes Motorola's Handset Business
Videocon Group, India's largest consumer electronics maker is set to join the wireless services business with speculation that it has interest in taking over Motorola's Mobile-phone business.
Oil Futures Fall as Dollar Gains; Crude Inventories to Drop
Oil futures fell on Tuesday hitting 3 days of losses as the dollar gained and forecasts predict U.S. crude inventories rose last week meaning less demand.
Yahoo Launches Women's Site, Targeting More Advertisers
Yahoo launched a new site, http://shine.yahoo.com/, which will feature content from magazines targeting women.
Corn Gains on Concern U.S. Farmers will Plant Less
Corn increased on Tuesday amid concerns that U.S. farmers will plant less grain this year reducing supplies to produce animal feed and ethanol.
Wheat Post Declines as Dollar Gains
Wheat declined on Tuesday amid concerns that an increase of the dollar will drive farmers to plant more grain in an effort to benefit from high wheat prices.
Global Futures Watch: Energy Metal prices fall
June gold fell $33.70 to $887.80, unwinding the bull market that took prices as high as $1,038 just over two weeks ago.Grains and Cotton
July soybeans started the day lower in the ...
FTSE begins 2Q with a Rise
The FTSE 100 share index did well on Tuesday, rising 150.5 points to 5,852.6 (up 2.6 per cent).
Sleep Depot goes into administration
Bed company, Sleep Depot Ltd has said that it is going into administration and will be closing down following the company's failure to secure a financial rescue.
Goldman Sachs says Cutting 5% of Jobs
Goldman Sachs Group reiterated on Tuesday that it would be making around five per cent of its staff redundant.
Lords say Immigration Brings 'Small Benefit' to UK
A House of Lords committee has said that immigration has brought only a small benefit to the UK and has had little or no impact on the economic well being of the British people.
Bush and Yushchenko Discuss Ukraine's Stand in Nato
U.S. President George Bush met with Ukrainian President Viktor Yushchenko in Kiev on Tuesday ahead of the NATO summit in Bucharest, Romania on 2-4 April to discuss NATO enlargement and operations in Afghanistan and Kosovo.
Zimbabwe Opposition Leader Projected to Oust Mugabe
The 28-year reign of presidential power may soon be over for Zimbabwean incumbent Robert Mugabe after Saturday's election indicated the opposition leader collected the majority votes.
Treasuries fall sharply as investors seek risk
Treasuries fell sharply on Tuesday as investors sought out riskier investments following the announcement of capital raising plans by major banks UBS and Lehman Brothers.
American Apparel Regrets Offending Woody Allen
In response to a lawsuit filed by Woody Allen against American Apparel yesterday, the clothing maker expressed regret and said they will make every effort to resolve the issue with the award winning actor.
Japan Stocks Rebounded Due To Bargain Hunting
Japan stocks rebounded Tuesday as investors hunted for bargains at the start of Japan's new fiscal year.
Gold futures tumble below $900 an ounce in NY
Gold futures plunged below $900 an ounce in New York on Tuesday for the first time in six weeks as the dollar continued to strengthen after taking a beating while investors moved to equities on signs banks are rebounding from U.S. subprime- mortgage losses.
India to set up Biofuel Development Fund
Commodity Online
NEW DELHI: Finally, the Indian government is taking some concrete steps to promote biofuel in the country. The government on Tuesday announced the setting up of a National B...
India opposes use of foodgrains for biofuels
Commodity Online
NEW DELHI: India on Tuesday expressed concern at the increasing use of foodgrains for production of bio fuels.Stating India s position at the Third International Grain Su...
India's exports up by 35% oil imports go up
Commodity Online
NEW DELHI: The Indian government may be fighting rising inflation these days but the country's exports during February, 2008 have been impressive, according to a data relea...
Dollar Up Against Euro, Yen on Manufacturing, Banks
The dollar rose against the euro on Tuesday after a better than expected manufacturing report and news of plans by major banks UBS and Lehman brothers to raise capital.
Stocks Rise on Bank News in NY
U.S. stocks rallied Tuesday, the first day of the second quarter, after two banks hit by the credit crisis move towards raising cash, and UBS AG disclosed new write-downs totaling around $19 billion, with UBS and Lehman Brothers Holdings Inc. offering for sale between them $18 billion in equity.
Gold nosedives to Rs 11 830 in India
Commodity Online
MUMBAI: Gold prices nosedived to a six week low level on Tuesday at the bullion market and ended at Rs 11,830 per 10 grams.The precious yellow metal dropped by Rs 460 to ...