Silver rallied sharper than gold on Thursday and some analysts see the trend to continue as many big global players are yet to cover their huge short positions in the white metal. A broadly weak US dollar, growing expectations that Ireland will soon be bailed out by the EMU and an absence of fresh cues from China about it raising the policy rates also helped an across-the-board rise of commodities on the day.
A recent study has put Russia ahead of its Western Europe counterparts as a hot MBA recruitment destination. Retaining the momentum in hiring for the second year, it has shown a steady 22 per cent growth in MBAs recruited, according to QS TopMBA Jobs Index.
GM will begin trading on the New York Stock Exchange beginning today after a landmark intial public offering, from which GM is expected to raise as high as $23.1 billion.
The top pre-market NASDAQ stock market losers are: SmartHeat, Verigy, A-Power Energy Generation Systems, Sears Holdings, Legacy Reserves, Clean Energy Fuels, Hologic, Synchronoss Technologies, and Avanir Pharmaceuticals.
A global study from Motorola says more people prefer paid TV content rather than free-to-air, despite the latter being more available.
Rubber recovered most of the losses it suffered on China rate hike fears, partly helped by a broadly weak US dollar and speculative buying interest on the commodity. The benchmark April futures on Tokyo Commodity Exchange settled Thursday at 369.2 yen per kilogram, 7.1 yen up on the day and nearly 4.5 percent higher from Wednesday's close.
Ford Motor co engineer Xiang Dong Yu, 49, of Beijing, China, pleaded guilty today in federal court to two counts of theft of trade secrets.
Caterpillar Inc.'s (CAT) $7.6 billion-acquisition of rival Bucyrus International is likely to trigger a consolidation of the attractive mining equipment industry.
Rodman & Renshaw has initiated Biostar Pharmaceuticals with a market outperform rating and a price target of $7, saying that its hepatitis B drug Xin Aoxing could drive future growth for the Chinese Pharma company.
Chinese Premier Wen Jiabao said on Wednesday that the State Council, China’s cabinet, is drafting measures to contain rising commodity prices.
The top after-market NASDAQ stock market losers are: SmartHeat, A-Power Energy Generation Systems, Legacy Reserves, Nxstage Medical, Popular, Career Education, Mattel, PetSmart, Sears Holdings, and BE Aerospace.
A day after cutting the weighting of US dollar and yen in the SDR, the International Monetary Fund (IMF) said it did not include China's yuan in the basket as the currency does not meet the freely usable criteria.
China has stepped up its fight against food inflation by announcing plans for price controls, the selling of government supplies, and subsidies to needy families.
A congressional advisory panel has recommended that politicians in Washington D.C. pressure the Obama administration into more forceful action against China for keeping its currency artificially undervalued and, thereby, worsening the trade deficit of the U.S.
President Obama’s call to make the U.S. an exporting powerhouse (i.e., double their volume within five years), is a plausible goal, according to Milton Ezrati, senior economist and market strategist at Lord Abbett.
General Motors Co is inching closer towards returning to the U.S. market in one of the biggest IPOs in the U.S. history and could even become the world's largest.
S&P 500 Index edged up 0.68 points, or 0.06 percent, to trade at 1,179.73 at 09:53 a.m. EDT. The Dow Jones Industrial Average fell 8.47 points, or 0.08 percent, to trade at 11,015.03. The Nasdaq Composite Index gained 0.24 percent.
Futures on the S&P 500 gained 3.50 points, futures on the Dow Jones Industrial Average are up 23 points and Nasdaq100 futures are up 7 points.
The US dollar dropped against its major counterparts on Wednesday after data showed October consumer price inflation was slower than expected with housing starts data for the same month also coming in at a weaker-than-expected level.
Commodities slid across the board on Wednesday on fresh signals from China that it will soon raise rates with lingering Euro area debt woes also helping keep investors away from risky assets. Gold and silver traded near their 2-week lows while copper and platinum fell to their lowest since late September. Also, December and January crude fell to its lowest since Oct. 29.
Chinese consumer confidence fell in the third quarter, recording a drop for the first time in six quarters, amid growing inflation concerns.
Tensions are mounting on the rough waters of the East China Sea as both China and Japan refuse to withdraw claims over the disputed isles. There is no end in sight to the crisis with China setting off to embattle the waters, while the Japanese are solidifying their stance. Suffering both domestic and International setbacks in the recent months, Prime Minister Naoto Kan is mired in severe public discontent. With his approval ratings plunging to a new low, Kan, missing no opportunity, reiterated h...
