Gold trims gains on U.S. jobs data
Gold futures on the COMEX Division of the New York Mercantile Exchange pared gains and ended moderately lower on Friday, as the encouraging U.S. jobs report lifted global equity and commodity markets, and eroded gold's appeal as safe-haven. Silver closed at its highest level since March 2008, and platinum also advanced. The most active gold contract for December delivery lost 2.3 U. S. dollars, or 0.2 percent, to finish at 1,251.1 dollars per ounce. The U.S. Labor Department announced earl ...
0000-09-00 00:00:00Return of global food crisis
Russia's decision to keep its grain export ban in place until late 2011 raised again the specter of a repeat of the 2008 food crisis and the ensuing political upheaval and violence across the globe. While Prime Minister Vladimir Putin was making the announcement on Thursday at a government meeting, at least six people were killed in Mozambique riots over food price hikes. More than 100 people were injured in the deadly riot hitting Maputo, capital city of the southern African c ...
0000-09-00 00:00:00Return of global food crisis 2
According to the Rome-based organization, world food prices rose in August to the highest level since September 2008. "In the past few weeks, global cereal markets experienced a sudden surge in international wheat prices on concerns over wheat shortage," the FAO said in a statement posted on its website. Besides Russia, severe drought and heatwaves across the world have also wreaked havoc in countries such as Ukraine, Germany, Poland, Hungary and northern France, which have all ...
0000-09-00 00:00:00Swiss franc benefits from haven status as doubts spread
Swiss franc hits record high against the euro and nears parity against the dollar as worries over the global economic recovery drive haven demand
2010-09-04 03:22:46Harvest fears push up global grain prices
The cost of barley, an important feed for the livestock industry, and of rice also moved higher on the week
2010-09-04 03:29:46Video: P&G's McDonald Sees U.S. and Global Economies Improving: Video
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2010-09-03 23:09:19Food Price Fear Over Russia Wheat Ban
Russia has extended the ban on wheat exports until next year's harvest, sparking fears over a global food shortage.
2010-09-03 23:00:00World Briefing | Asia: China: Another Traffic Jam on the Jingzang Highway
Yet another gargantuan traffic jam has gripped the freeway that links Inner Mongolia s coal fields to metropolitan Beijing, possibly exceeding a blockage that drew global attention last month.
2010-09-03 19:14:11Renminbi dispute looks set to haunt Sino-US economic talks
President Barack Obama's top economic adviser will arrive for talks in Beijing this weekend, just as the simmering argument about the Chinese currency and global imbalances threatens to heat up again.
2010-09-03 18:00:00Strong earnings drive Europe's carmakers
European equities had their biggest weekly gain for eight weeks as the region's carmakers led the way with a strong performance against the backdrop of improving sentiment from more positive global economic data
2010-09-03 18:01:00
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