The London Stock Exchange said on Thursday that it had agreed to pay $2.7 billion in cash for Russell Investments, the owner of the Russell 2000 stock market index. The acquisition, according to the exchange, will build upon the L.S.E...
The latest U.S. consumer spending data released on Thursday fell short of expectations. The revision prompted some analysts to cut their forecasts for U.S. growth, and reinforced a view that the U.S. Federal Reserve should be in no hurry to tighten policy...
Gold rose toward a two-month high since 2011, investors assessed the outlook for U.S. borrowing costs. Silver climbed to the highest level since March. Bullion for immediate delivery added as much as 0.4 percent to $1,321.51 an ounce, and traded at $1,319.55 by 2:19 p.m...
Figures from China's National Bureau of Statistics showed on Friday industrial profits rose in May, although at a slower rate than in the previous month. The growth in industrial profits slowed to 8.9 percent on year in May after profits surged 9.6 percent in April...
Portugal wants to sell dollar-denominated bonds for the first time in four years, as said the head of the country's debt agency...
The Dubai Financial Market has been taking a beating for weeks, and news of firings at Arabtec (ARTC:UH), the United Arab Emirates’ largest listed builder, caused a new round of panic yesterday. Shares in the stock exchange fell 6.7 percent, to 4,009...
GOLD TECHNICAL ANALYSIS Gold may be primed for a push higher given signs of an uptrend have emerged on the daily chart. A break above several resistance levels and spike in volatility also suggests the potential for further gains...
China’s chief auditor discovered 94.4 billion yuan ($15.2 billion) of loans backed by falsified gold transactions, adding to signs of possible fraud in commodities financing deals...
The U.S. Men’s National Team puts its World Cup life on the line against Germany Thursday, with a win or tie assuring the squad advances to the knockout round and a loss putting the American team at the mercy of tiebreakers with Ghana or Portugal...
WTI Crude has popped back above the $106.00 handle as reports of relaxed restrictions on US oil exports offset negative cues from an unanticipated jump in inventories. Meanwhile, heightened geopolitical tensions and a weaker greenback could continue to keep gold and silver elevated...
The dollar was lower against the euro and the yen on Thursday, after U.S. first quarter growth was revised down sharply. EUR/USD was at 1.3638, not far from the more than two-week high of 1.3650 reached on Wednesday. The pair was likely to find support at 1.3600 and resistance at 1.3670...
China expanded banks’ freedom to set foreign-currency deposit rates in Shanghai, a step toward easing interest-rate controls across the nation...
Crude oil futures edged lower on Thursday, as investors assessed the supply outlook in Iraq and demand prospects from the U.S. On the New York Mercantile Exchange, crude oil for delivery in August tacked on 0.07%, or 7 cents, to trade at $106.58 a barrel during European morning hours...
Shares in Asia rose on Thursday, responding to a growing on Wall Street which posted a gain for the first time in three days. Hong Kong's Hang Seng Index rose 0.4%, while Sydney's S&P/ASX 200 gained 0.5%. Korea's KOSPI rose 0.6%. Tokyo's Nikkei 225 rose a slight 0.2%. Yahoo Japan Corp...
Natural gas futures rose on Wednesday as weather services called for typical warm summertime temperatures to return over much of the central and eastern U.S. On the New York Mercantile Exchange, August natural gas futures ended at $4.580 per million British thermal units during U.S. trading, up 0...
Gold traded below a two-month high today, investors weighed the outlook for the U.S. economy on recovery. Price for gold with immediate delivery slipped to $1,316.11 today, paring advance to 5.3 percent in June, the most since February...
Today most European stocks rose after report from Asia. Dollar fell on speculation weakness in the U.S. economy and it means that the Federal Reserve will keep interest rates lower for longer. The Stoxx Europe 600 Index rose 0.1 percent by 8:16 a.m. in London...
Greenland Global Investment Ltd. sold the first bonds of China with a new cross-border guarantee. The debt, guaranteed by Greenland Holding Group Co., includes $400 million of notes due in 2019 at 285 basis points more than Treasuries and $600 million of 10-year debentures at a spread of 341...
At the end of the last week gold was in two months high just above $1320 and now its price fell slightly. For the first time in two weeks it moved back through the key $1275 level. It was also able to break through the $1300 level too...
