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Global Markets Overview 04/21/2011

Traders work on the floor of the New York Stock Exchange
US stocks rallied on Wednesday, with the Dow Jones Industrial Average closing near three-year highs, as upbeat earnings from major technology companies’ boosted sentiment for corporate-profit trends.
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Silver Burns Short Sellers

[Selling silver short] natural with these giddy prices, one London trader told the Platts news service on Monday. Speculators are going to have to take profits soon. Shorts have been burned in the run-up, but keep coming back for more, he said, forecasting a $10 drop in the Silver Price short term.
Fukushima Daiichi nuclear power plant

Far from dying, nuclear power sector is thriving despite safety concerns

There are many people who think the Fukushima nuclear crisis has signaled the demise of the nuclear power industry, or at least that it will soon run into a ditch. But certain facts speak otherwise. Rising scepticism about the industry's future, especially in Europe, notwithstanding, the nuclear power sector is more likely to thrive than not.
Traders work on the floor of the New York Stock Exchange

World Market Update 04/19/2011

US stocks ended sharply lower on Monday after Standard & Poor’s (S&P) revised its rating outlook on the United States to negative.
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Global Markets Overview 04/19/2011

U.S. stocks suffered a rout after Standard & Poor's cut its outlook on the U.S. government debt, warning that the U.S. fiscal profile may become meaningfully weaker than that of other triple-A-rated countries if policy makers can't tame the budget deficit. The Dow Jones Industrial Average fell 140.24 points, or 1.14%, to 12201.59, led lower by Bank of America and Caterpillar, which each fell 3.1%.
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Gold spikes to new record just $5 short of $1500 per ounce

Gold stayed above $1480 per ounce in Asian and European trading, and then experienced a sudden spike $15 upwards to new record prices yet again at the beginning of the New York trading session. Prices take support from worries over euro zone debt and inflation in Asia after China opted to raise reserve requirements again.

China: 18 killed in hailstorm

At least 18 people were killed so far in southern Guangdong province in China as hailstorms and high-speed winds swept the region

China Locks Up More Cash as Prices Keep Rising

There will be a little less money to go around in China starting later this week. China's government is worried about rising prices and is tightening its grip on the country's cash. In the latest step, the country's banking authorities have told banks that they must raise the amount they set aside in their reserves another half a percentage point, effectively reducing lending.
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World Market Overview 04/18/2011

The Australian stock market fell, to record the first weekly decline after three of gains, as the prospect of further interest rate hikes in China saw investors err on the side of caution.
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Child brick mine workers of India [PHOTOS]

Behind every story of economic / societal development are the workers who made them happen. It was true for ancient societies like China and true for the United States in the early 20th century. Now, it's true for booming emerging market economies like China and India.
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Global Markets Overview 04/14/2011

US stocks ended slightly higher on Wednesday after President Barack Obama detailed his plans for cutting the deficit and the Federal Reserve reported encouraging news on the economy.

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