News
Tips and Gold to hedge uncertainty
In View: Players? turn to Tips and Gold to hedge uncertainty In Y 2002, Ben Bernanke deemed deflation such a threat to the US economy that he referred to Milton Friedman's "helicopter drop", the figurative notion of handing out cash to the public to stop falling prices, in one of his most memorable speeches. Today deflation is arguably a graver threat, as US inflation is much lower now than i ...
Willie Walsh eyes Indian investment
Willie Walsh eyes Indian investment after BA and Iberia complete The merged British Airways and Iberia would be "very interested" in investing in an Indian airline, BA chief Willie Walsh said Saturday as he announced a groundbreaking code-share deal with India's Kingfisher Airlines. "Without question this is a market for the future," said Mr Walsh, who is set to head the new International Ai ...
US stocks halt 3 week losing streak
US stocks halt 3 week losing streak The closely-watched monthly jobs report released Friday turned out to be a Big Bang for the market, sending US stocks much higher on the Day and the Week. On the Day: The DJIA rose 127.83 pts, or 1.24%, to close10,447.93, the S&P 500 gained 14. 41 pts, or 1.32%, to close at 1,104.54 and the NAS tallied 33. 74 pts, or 1.53%, to close the session at 2,233.75. ...
US Unemployment rate rises to 9.6% in August
U.S. unemployment rate rose to 9.6% in August, reflecting business reluctance to hire amid uncertain economic prospect, the Labor Department reported on Friday. Nonfarm payroll employment declined by 54,000 last month, primarily caused by a decrease of 114,000 in the number of temporary workers hired for the decennial census. Private-sector payroll employment edged up by 67,000. July's payrol ...
Kim Jong-un to Lead North Korea
North Korea is preparing its biggest political gathering in 30 years, fuelling speculation Kim Jong-il may use the forum to legitimatise a transfer of power to his youngest son, Kim Jong-u, as his own takeover was ensured at a 1980 summit. Delegates from the ruling Workers Party of Korea held meetings in the past week before the congress to pledge loyalty to Mr Kim, according to the official Ko ...
Strong Assets Drive Mingo Bay PLC 5RB.F
Mingo Bay Properties PLC, or ("Mingo Bay") is a United Kingdom domiciled public company with its shares currently listed on the Frankfurt Stock Exchange (FSE). The "Company" refers collectively to Mingo Bay, its subsidiaries, joint ventures, affiliates and partners. Mingo Bay is in the business of acquiring, developing, and managing recreational and residential resort properties. www.mingobayp ...
Will a Global Food Crisis Return?
Russia's decision to keep its grain export ban in place until late Y 2011 raised again the specter of a repeat of the Y 2008 food crisis and the ensuing political upheaval and violence across the globe. While Prime Minister Vladimir Putin was making the announcement Thursday at a government meeting, at least six people were killed in Mozambique riots over food price hikes. More than 100 peopl ...
US service sector expanding monthly
The US service sector expanded in August for the 8 month running an industry research group reported Friday. The Non-Manufacturing Index (NMI), which measures activity in the service sector, declined to 51.5 last month from 54.3 in July, the Institute for Supply Management (ISM) said in its monthly survey of the service sector. A reading above 50 indicates a general expanding of the service s ...
EuroZone retail trade grows by 0.1% in July
Retail trade volume in the euro zone grew by 0.1 percent in July compared with the previous month, the European Union's (EU) statistical bureau Eurostat said on Friday. In July, food, drinks and tobacco trade increased by 0.3% in the EuroZone month-on-month, while the non-food sector rose by 0.1 percent. The retail sales index gained 1.1 percent in the 16-nation euro area year on year. In ...
Paul Ebeling's Weekly Gold and Crude Oil Report
Gold trims gains on US Jobs data Gold futures on the COMEX Division of the New York Merc trimmed gains, and ended a bit lower Friday, as the encouraging US Jobs Report lifted global equity and commodity markets, and players took some profits, Silver closed at its highest level since March 2008, and Platinum also closed higher too. The most active Gold contract for December delivery lost US$ ...