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Archive for  January 2010

    • News Desk
    • Jan 23rd, 2010
    • Comments Off on Malaysian palm oil joins commodities dip

    Malaysian crude palm oil futures ended 1.3 percent lower on Friday as a new US proposal to limit financial risk taking took commodities across the board lower but traders say the market was likely to

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    • News Desk
    • Jan 23rd, 2010
    • Comments Off on Oil rebounds from one-month low below $76

    Oil topped $76 on Friday, up a few cents from one-month lows after data showed refiners in top consumer the United States processed the least crude in decades, reacting to a fuel demand slump. Proposals

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  • US gold futures ended lower at around $1,100 an ounce on Thursday, hitting their lowest level this year, as US President Barack Obama's proposals to limit banks' risk taking dampened investor sentiment across the board.

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  • Gold remained under pressure on Friday as President Barack Obama's plans to limit financial risk taking raised concerns about diminishing capital flows from banks, which have provided liquidity for gold and commodities investors. Stock markets

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    • News Desk
    • Jan 23rd, 2010
    • Comments Off on Iran’s gasoline reserves at 2.4 billion litres

    Iran has increased its gasoline stockpile to 2.4 billion litres, a news agency reported on Friday, a move aimed at making the country less vulnerable to US sanctions. The semi-official Mehr news agency said Iran

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  • A weekly measure of future US economic growth continued to rise in the latest week while its yearly growth rate slipped further, though the data still points to continued strides in economic recovery, a research

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    • News Desk
    • Jan 23rd, 2010
    • Comments Off on Swiss court stops transfer of client data to US

    The Swiss Federal Administrative Court issued a ruling Friday halting the transfer of UBS AG client data to the United States.The court said failure to fill out a tax form for the US authorities was

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    • News Desk
    • Jan 23rd, 2010
    • Comments Off on Russia rating outlook brightens, spending fight ahead

    Russia reaped the benefits of an oil-fuelled recovery on Friday with a rating outlook upgrade from Fitch, but challenges remain - not least the prospect of a tough political fight to reign in budget spending

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    • News Desk
    • Jan 23rd, 2010
    • Comments Off on American Express, Capital One earnings beat forecasts

    American Express Co and Capital One Financial Corp both reported better than forecast fourth quarter earnings, but expressed concern about the growth outlook for credit cards. American Express, the largest US credit card company by

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    • News Desk
    • Jan 23rd, 2010
    • Comments Off on American Express, Capital One earnings beat forecasts

    American Express Co and Capital One Financial Corp both reported better than forecast fourth quarter earnings, but expressed concern about the growth outlook for credit cards. American Express, the largest US credit card company by

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