Gold prices plunged Thursday when investors stampeded out of precious metals, as well as stocks, into the perceived safety of the U.S. dollar.
Gold fell by more than 3 percent on Thursday, set for its largest monthly decline since January, after the Federal Reserve's move to boost U.S. growth lifted the dollar, which battered the commodities complex.
China's manufacturing sector contracted for a third consecutive month in September while a measure of inflation picked up, suggesting the world's No.2 economy may not be able to provide much of a counterweight to flagging U.S. and European growth.
Foreign equities tumbled largely in response to the Federal Reserve’s grim warning about the state of the U.S. economy.
Gold fell on Thursday, after the Federal Reserve's widely-anticipated move to boost U.S. growth lifted the dollar but pummelled global equities and hit the entire commodities complex.
World stocks hit a fresh one-year low on Thursday and investors poured money into safer currencies and government bonds after the Federal Reserve gave a grim outlook for the U.S. economy and China's manufacturing slowed.
To address the growing problem of Apple knock-offs and copycats in China, the company has been granted 40 patents for its line of mobile and laptop computing systems.
Apple iPhone 5 is grabbing attention from all corners as new rumors are emerging each day over its release date and specifications.
About 2.8 million jobs, both in manufacturing and high-tech fields, have been lost as a result of the growing U.S. trade deficit with China since Beijing's entry into the World Trade Organization in 2001, said an EPI study, which was denounced immediately by the US-China Joint Business Council.
Future Group, which owns the Pantaloon Retail chain, is in talks with Japan's convenience store chain Lawson Inc to sell a 49 percent stake in its foods sourcing and manufacturing operations, the Economic Times reported.
The number of people employed in South Africa's formal sector increased slightly in the second quarter, with the mining and retail sectors among those that added jobs.
Fraunhofer researchers have created a flexible assembly-line concept for aircraft that features robots working in the same way they do in automotive production.
Second-quarter U.S. installations of photovoltaic solar panels rose 17 percent from the previous quarter as increases in nonresidential and utility-scale projects offset a weakened residential solar market.
NASA officials on Monday said that they are planning to spend about $1.6 billion for the next two years to strengthen the industry efforts to develop space taxis.
China must reduce barriers to foreign companies if it is to meet its own development goals, the U.S. ambassador said in Beijing on Tuesday in a speech that reflected foreign investors' growing frustration with the pace of economic reforms in the country.
Ever since Samsung introduced the Galaxy S line of smartphone in June 2010, it has entrenched its position as one of the best smartphone manufacturers in the market and put up a strident attack on Apple iPhone's dominance.
Technophiles are waiting with bated breath for iPhone 5, which Apple is expected to launch in October.
Mark Moskowitz from J.P. Morgan expects Apple to unveil an iPhone 5 and iPhone 4-plus this fall, and believes the iPad 3 release date has been pushed back to 2012.
Apple seems to have woken up to the need to tighten its security after it lost an iPhone prototype for the second time — this time it's about the upcoming iPhone 5.
Hackers gained access to the computers of the biggest defense contractor in Japan, the manufacturer of Patriot Advanced Capability 3 missiles, targeting the submarine, missile and nuclear power plant component factories.
Jefferies remains cautious regarding a recent article in DigiTimes that suggested Apple Inc. has signed a foundry partnership agreement with Taiwan Semiconductor Manufacturing Co., Ltd. (TSMC). The brokerage said this was an unconfirmed report.
Mitsubishi Heavy Industries Ltd.'s computer network was hacked at factories that build submarines and missiles and make components for nuclear power plants in the first such attack targeting Japan's defense industry, the Yomiuri newspaper said on Monday.
