IBT Staff Reporter

Commodity Online KUWAIT CITY: The oil rich tiny gulf state of Kuwait on Tuesday announced that its revenue collection has reached a staggering $63.6 billion until February this fiscal.

Commodity Online TOKYO: Gold s plunge in the US did not affect its futures in Asia as it gained along with silver on Wednesday.

Commodity Online NEW YORK: In a surprising development, gold futures plunged Tuesday while almost all other commodities gained over US Fed s decision to cut lending rate.

Commodity Online NEW YORK: US Feds decision to cut lending rates had its impact in crude futures as it soared Tuesday and end a little above 109 US dollars.

There s almost an unwritten rule that someone or something major has to fail before the bears are done, says Cash McDash, a hedge fund manager.

By Doug CaseyInflation is rising globally, driving Gold Bullion higher, as both money prices increase...

Commodity Online Jayant Deo, former MERC Member and an expert in energy sector, speaks about various issues that are being faced by the energy sector

An estimated 5.2 million Americans have Alzheimer's disease, and the disease could hit one in every eight baby boomers, according to a report released on Tuesday by the Alzheimer's Association.

Apple's iPhone received a corporate push earlier this month as the company rolled out more features to cater to the enterprise market, but conspicuously neglected support for Lotus users.

U.S. copper futures ended with gains on Tuesday as traders speculated that the Federal Reserve's benchmark interest rate cut may increase demand for the red metal.

Frank Quattrone, the controversial financier who rose to stardom during the dot-com boom in the 1990's has announced his long-awaited return to finance with the formation of a new advisory firm.

Sir Paul McCartney divorce to Heather Mills was concluded on Tuesday with the judge awarding Mills a $48.6 million divorce settlement amidst claims she lied about her finances.

Commodity Online NEW YORK: In its biggest daily loss since 1991, world oil prices lose 4.53 dollars a barrel on Monday, after hitting a record high of 111.80 dollars a barrel.

NEW DELHI: In an attempt to reduce oil imports and to increase the domestic production of oil, the government has taken various measures, said the Minister for Petroleum Natural Gas Murli Deora in the Parliament today.

The Federal Open Market Committee decided today to lower its target for the federal funds rate 75 basis points to 2-1/4 percent.

Microsoft has released the first major update to its Windows Vista operating system on Tuesday, promising better performance and increased stability.

Gold futures closed higher on Tuesday ahead of the Federal Reserve's announcement to lower its target benchmark interest rate by 0.75 percentage points to 2.25 percent.

The Federal Open Market Committee released the following statement on Tuesday., announcing a three-quarters of a percentage point rate cut at its closed-door meeting.

U.S. stocks edged off earlier gains after the Federal Reserve announced its decision to lower its benchmark interest rate by three-quarters of a percentage point in a bid to ease concerns that the US economy is slipping into a recession.

Adding to several aggressive steps to boost the economy this week, the Federal Reserve lowered its target benchmark interest rate by 0.75 percentage points to 2.25 percent. The Fed voted 8 to 2 in favor of the move citing weakening economic activity, softer labor markets, financial markets under considerable stress and a deepening housing crisis in the coming quarters.

Commodity Online MUMBAI: The dream run by the precious metal along with silver seems to have ended at least for the time being as both suffered losses at the bullion market here on Tuesday.

Commodity Online Tracking global developments, standard gold in India gained Rs 385 per 10 gm to Rs 13,495, before hitting a new peak of Rs 13,560.

Crude prices rose on Tuesday on speculation that the U.S. Federal Reserve will cut interest rates today, sending the dollar down and spurring investments into commodities.

Japan Stocks rebounded Tuesday for the first time in four trading sessions due to buybacks of plunged issues by investors.

Coffee gained on Tuesday after roasters took advantage of a two-day, 12 percent price decline to replenish stockpiles.

Soybean and corn declined on Tuesday after the falling equity markets and credit market losses prompted investment funds to raise cash by selling commodities.

The U.S. dollar gained against the yen and euro on Tuesday after American banks Goldman Sachs and Lehman Brothers reported stronger than expected profits for their latest quarters.

Commodity Online NEW DELHI: With gold prices on the rise, import of gold into India is falling. The country imported just 10 tonnes of gold in February as against 59 tonnes a year ago.

Commodity Online Indian spot gold prices hit Rs 13,495 per 10 gram in Mumbai on Monday. The international spot gold also increased by 3 per cent, touching $1,030.