IBT Staff Reporter

Commodity Online NEW DELHI: Steel prices now a days are playing a crucial role in the financial system as its prices can influence inflation. Spiraling steel prices not only hurt the forging...

Commodity Online WASHINGTON: World Bank on Tuesday said, soaring food and fuel prices are the biggest challenge for poor nations (especially in East Asia) than US financial turmoil, which i...

Commodity Online Can you make enough energy to run a household by mixing salt water and river water? If you thought that is a bad idea, think again. Scientists in Norway and The Netherlands...

Commodity Online MUMBAI: Do you know who holds major part of gold reserves in the world? And who decides whether to take up the gold price or not.The Gold prices have been floating on curr...

Commodity Online CLEVELAND: World demand for biofuels will expand at a nearly 20 percent annual pace to 92million metric tons in 2011, according to a study by Cleveland based industry resea...

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...

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...

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...

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 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 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.

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 fell as Chinese inventories rose, originating worries about lower demand from China, the top consumer of the metal in the world.

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 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 launched a new site, http://shine.yahoo.com/, which will feature content from magazines targeting women.

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 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.

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 ...

The FTSE 100 share index did well on Tuesday, rising 150.5 points to 5,852.6 (up 2.6 per cent).

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 Group reiterated on Tuesday that it would be making around five per cent of its staff redundant.

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.

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.

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 fell sharply on Tuesday as investors sought out riskier investments following the announcement of capital raising plans by major banks UBS and Lehman Brothers.

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 Tuesday as investors hunted for bargains at the start of Japan's new fiscal year.

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.