Gold buyers in India, the world's largest consumer of the yellow metal, are investing in it on expectations prices may rise, but imports are likely to fall as limited budgets buy less gold, the head of India's biggest importing bank told Reuters on Saturday.
Stocks were set to extend the previous session's steep losses on Friday as concerns mount the economy may slip back into recession and European banks could be unable to weather a credit storm.
Greece's economy will shrink by over 4.5 percent this year, the country's finance minister said on Friday, adding that a new bailout deal for the troubled euro zone member would not be completed before mid-October.
Factory activity in the Mid-Atlantic region plummeted in August, falling to the lowest level since March 2009, while existing home sales unexpectedly dropped in July, tempering hopes for a revival of economic recovery.
Asian stocks fell Thursday on profit-taking by nervous investors, while the Swiss franc stayed firm after plans to curb the currency disappointed those looking for more drastic action.
Tech shares fell on Wednesday after Dell's disappointing sales outlook fanned worries weak economic growth will hurt earnings in the third quarter.
Tech shares fell on Wednesday after Dell's disappointing sales outlook fanned worries weak economic growth will hurt earnings in the third quarter.
European stocks fell early Wednesday, resuming their slide as a meeting between German Chancellor Angela Merkel and French President Nicolas Sarkozy failed to calm worries over the euro zone debt crisis.
U.S. housing starts fell less than expected in July as builders broke ground on new multifamily units likely to meet demand for rental apartments, while permits for future construction dropped, a government report showed on Tuesday.
Sales at Wal-Mart Stores Inc's U.S. discount stores open at least a year fell 0.9 percent during its second quarter, marking the ninth straight quarterly decline as it tries to lure back bargain hunters.
Housing starts fell less than expected in July as builders broke ground on new multifamily units likely to meet demand for rental apartments, while permits for future construction dropped.
The euro slipped further on Tuesday and European stock futures fell after data showed Germany's economy hardly grew in the second quarter, adding to global uncertainties ahead of French-German talks on the euro zone's worsening debt crisis.
As searchers scoured the Niagara Falls Basin for the body of a 19-year-old female student who was swept over the falls on Sunday, they found the body of an unidentified man instead.
If history is any guide, another oil-induced recession may be just around the corner, at least for the United States and some of the other developed economies.
If history is any guide, another oil-induced recession may be just around the corner, at least for the United States and some of the other developed economies.
A teenager has died at a hospital four days after suffering head injuries in a fall at Yosemite National Park, in a deadly year for visitors to the California nature reserve, authorities said on Thursday.
Shares in L&T Finance Holdings fell as much as 5.2 percent on their trading debut on Friday, casting a shadow over the prospects of new share sales in a sluggish stock market.
Mortgage rates have fallen to a nine-month low, sending refinancing applications on the rise.
World stocks and the euro fell back Thursday, prompting a rush to safe-haven government bonds as concerns resurfaced about the euro zone banking system and signs of funding stress.
New U.S. claims for unemployment benefits dropped to a four-month low last week, government data showed on Thursday, a rare dose of good news for an economy that has been battered by a credit rating downgrade and falling share prices.
Tech stocks didn't fall as sharply as the overall market.
World shares regained some ground Wednesday after investors were comforted by the Fed's pledge to keep interest rates near zero for two more years. Despite this, losses on Wall Street ran rampant.
