South Korea's central bank has lowered the country's growth forecast for 2012 to 3.5 percent on account of the global economic slowdown that has resulted in the weakening of exports.
Gold prices slipped below $1,670 an ounce on Friday, pausing in their biggest one-week rally since late February as the dollar firmed against key currencies, with the euro falling out of favour due to worries over Spain's financial health.
Consumer sentiment slipped modestly in early April as higher gasoline prices hit household budgets but optimism over the economic outlook lifted consumers' expectations, a survey released on Friday showed.
The cost of living in the U.S. increased at a slower pace in March as the rise in energy prices eased, supporting the Federal Reserve’s view that the jump in oil and gas prices is only temporary.
The producer price index remained unchanged in March, as an unexpected drop in fuel prices offset increases in food and core prices, according to a report released Thursday by the U.S. Bureau of Labor Statistics.
Iran has stopped oil exports to Spain in retaliation to the European Union ban on Iranian crude imports that comes into force in July, the Mehr News Agency has reported, citing sources familiar with the situation.
Jessica Dorrell's inappropriate relationship with Bobby Petrino may lead to the Arkansas Razorbacks football coach's undoing.
Nintendo’s upcoming console, the Wii U, is set to be released in the 2012 holiday season. Sources close to Nintendo have said that the new gaming system’s manufacturing costs amount to $180, but the video game company may tack on a much higher price tag, according to Forget The Box.
“Price hikes at the pump have been losing steam for weeks. ... Crude oil prices have slipped and if they don’t rebound in the very near future, gasoline prices will peak very soon, if they haven’t already,” said Trilby Lundberg, president of Lundberg Survey Inc.
Premier Wen Jiabao recently said China's consumer price inflation target for the year would be around 4 percent. On Friday, data on first-quarter gross domestic product should indicate if any change in monetary policy is needed.
Fans are eagerly awaiting Microsoft’s upcoming console, which is said to be called the Xbox 720. Rumors and speculations about the gaming system have been circulating the Internet, and a new batch of expected features could have gamers gearing up for the release.
Gold inched higher on Thursday after falling to a near three-month low the previous day as weaker prices tempted some buyers, but gains were capped by a stronger dollar and fading hopes for a fresh round of monetary stimulus in the United States.
Google’s upcoming Galaxy Nexus tablet is slanted for a spring release date, and a new image that surfaced on the Internet may give fans a sneak preview. PocketNow revealed a photo of a sleek and slim media device, sporting a red sparkling backdrop with a few Google apps speckled across its screen.
Gold held near $1,675 an ounce on Tuesday as investors took to the sidelines ahead of the release of minutes from the Federal Reserve's latest policy meeting, which will be closely watched for clues on the direction of monetary policy.
Wii U, the next addition to the long-running line of Nintendo consoles, will be available on Nov. 18th according to Wii U Daily. A Japanese retailer emailed the website revealing the launch date, which almost directly matches up to its predecessor’s Nov. 19th release in 2006.
BMW has built a car with laser headlights (that’s right, you read correctly, the car has lasers), and it’s called the i8 Concept Spyder. Moreover, its production release date is scheduled for 2014, so pretty soon you and James Bond can both have lasers on your future car.
U.S. President Barack Obama is moving ahead with sanctions against Iran's oil industry, in the hope that increased economic pressure will push Tehran into abandoning its nascent nuclear program.
Oracle (Nasdaq: ORCL), the world’s biggest database software company, settled a price-fixing lawsuit against Micron Technology (NYSE: MU) for $58 million.
Some industry experts warned that the gold price has been artificially suppressed due to its strong impact on interest rates and government bond values, leaving many gold equities significantly undervalued.
Palladium prices are set to soar this year, buoyed by high levels of speculative buying, unwavering industrial demand and the general upward price pressure commodity metals are seeing in a zero-interest rate environment, according to a report issued Thursday.
With three new gaming consoles in the works, fans have a lot to be excited (or unexcited) about. The potential codename for PlayStation’s next venture was leaked on March 28th, but there may be some news that gamers aren’t too keen on hearing.
Gold prices slipped below $1,660 an ounce in Europe on Thursday, extending their retreat from two-week highs into a third session, as the dollar recovered from a near one-month low and crude oil prices turned lower.