IBT Staff Reporter

By Jim Sinclair The reason for recent drop in gold, among other reasons given by media, was the Federal Reserve s mentioning of inflationary warnings.

Commodity Online LONDON: Against the run of play, gold suffered its worst defeat in recent times as it tumbled to nearly six percent low on Wednesday.

Greenpeace has again slammed Nintendo for not making public its policies on environmental waste.

In recent weeks Apple released a software development kit for the iPhone that promises to bring a flurry of new applications to the iconic device, but breathing life into a new gaming industry may be beyond its reach.

Commodity Online WASHINGTON: The state owned Power Grid Corporation of India would get USD 600 million loan from World Bank to strengthen its electricity transmission system.

Commodity OnlineDUBAI: The Dubai Mercantile Exchange Limited (DME) has announced the trading and processing schedule for Good Friday, 2008, as outlined below (all references to the time are expressed on a twenty four hour clock and refer to the time in New York):

By Adrian AshBarely a generation after the worst recession in US history, backing labor over capital like this and thereby nabbing labor's far weightier vote meant JFK got to kick Richard Nixon around at the ballot box

By Jon A NonesWith gold already up by more than 19% so far this year, consolidation is healthy and to be expected, said Mark O'Byrne, executive director of Gold Silver Investments Ltd

By Adrian AshCentral bankers destroy the value of cash first with sub inflation interest rates, and then with unlimited credit aimed at bailing out bad investments across the banking sector

Commodity Online NEW YORK: Oil moved further southwards Wednesday on concerns that ongoing global economic turmoil would dent demand for commodities.

By Binu AlexThere are more companies coming up in India with energy prefix and suffix. Non conventional energy is another field where you find companies putting money

Gold prices dropped $59, the most in nearly two years Wednesday, leading a decline in commodity prices on speculation the slump in the dollar will end soon as the Federal Reserve eases the pace of interest-rate reductions.

Crude oil had its biggest decline since December 1994 on Wednesday, falling more than $6 per barrel after the Federal Reserve cut interest rates yesterday and a report today stated demand in the United States dropped.

Commodity Online MUMBAI: After a rally in gold that led to the international prices zooming to $1030 an ounce, will gold price reverse direction based on Wednesday's price level of $940 ?

Commodity Online MUMBAI: After a rally in gold that led to the international prices zooming to $1030 an ounce, will gold price reverse direction based on Wednesday's price level of $940 ?

With crude oil prices over $100 per barrel and cold weather in many parts of the country driving up demand, heating fuel prices have been setting new record highs. With residential prices from the beginning of winter to mid-March

U.S. stocks dropped on Wednesday, failing to extend the market's best day in nearly five years led mainly by energy and mining companies as oil dropped more than $4 a barrel while gold fell the most in nearly two years.

China's top e-commerce firm Alibaba.com fell below its IPO price for the first time on Tuesday before the company announced later in the day that its 2007 earnings more than quadrupled.

Robusta coffee continued rallying in London after an increase in purchases by industrial buyers such as roasters.

CITIC Securities Co, one of China's largest brokerages, formally announced on yesterday that it would cancel a proposed $1 billion investment in Bear Stearns Cos after the Wall Street brokerage was bought by JPMorgan Chase & Co.

Affected by investor's worrying about interest rates rising, China's Shanghai Stock Exchange composite Index (SSI) fell 151.15 points,or 3.96 percent,to reach 3668.90 on Tuesday afternoon, which reached the 8-month-lowest record since July 2007. Shenzhen Stock Exchange component index fell 718.76 points,or 5.44 percent to reach 12489.02.

The FTSE 100 dropped a staggering 217.3 points down to 5,414.4 points (minus 3.9 per cent) on Monday following the shock sale of US bank Bear Stearns to rival JPMorgan Chase. The index finished at its lowest point since late 2005.

Rupert Murdoch's News International has opened the world's biggest printing plant in Broxbourne, Hertfordshire, representing £650 million of investment by the company.

Air France-KLM has announced that the board of Alitalia has unanimously agreed to a takeover bid worth 138 million euros (£106 million).

Japan stocks recovered 12,000 line Wednesday due to eased concerns for U.S. economy and a weaker yen after an overnight equity surge on Wall Street. Securities, iron and steel, high-tech issues were soared while oil companies and some insurance issues decreased.

Commodity OnlineNEW DELHI: The World Bank on Wendesday approved a $600 million loan to India's government run power transmission company, Power Grid Corporation of India, to strengthen its electricity transmission system.

By Binu Alex Use of nuclear fuel to generate extra 50,000 MW of electricity, is the available option in near term

Commodity Online MUMBAI: Gold lost Rs 180 per 10 gram in the bullion market here despite global trend and finished at Rs 13,110 on Wednesday.

Commodity Online MUMBAI: India s gold demand revived as spot and future prices of gold eased following a rate cut in the US that boosted global stock and currency markets