In his first speech as Britain’s new Minister of Trade and Investment, Stephen Green (The Baron Green of Hurstpierpoint) emphasized the vital importance of China to British UK economy.
State-owned Bank of China Ltd has offered yuan trading to its U.S. customers, a sign that Beijing this year may increasingly promote the use of the Chinese currency in major financial centers.
Studying the structure of open interest in US Comex Gold Futures and options, it points to more volatility and the risk...is very much to the upside, says O'Connell, concluding that professional traders are looking for a Gold Price of $1500 or even $1600 by the start of April.
Shares of H&R Block Inc. (NYSE: HRB) are dropping after the tax preparation company said that HSBC Holdings Plc (NYSE: HBC) has ended funding its refund-anticipation loans (RALs).
Nerbrand's team at HSBC reckon that Gold Investment accounts for just 0.14% of the average global portfolio today. If this figure increases, as we expect, the Gold Price could rise significantly...We believe asset allocators are likely to increase their weighting in gold over the next ten years if they focus on risk management
Satellite communications firm O3b Networks, which is backed by investors such as Google, said it has raised $1.2 billion from a group of investors and banks.
The week to November 24 was marked by tensions in Korean peninsula that prompted investors to flee from risky assets to safer avenues like US dollar and gold, helping the yellow metal outshine its colleagues in the precious group. However, silver and palladium remained strong in the month, mainly helped by demand for cheaper alternatives in jewelry and industrial applications.
iPhone, just three years old and already attained cult status, has catapulted Apple (AAPL) to one of the largest technology companies in the world.
