NEW YORK - Gold rose 1 percent to a four-month high above $1,670 an ounce on Thursday, bolstered by hopes for a new round of US monetary stimulus and news that Spain is negotiating conditions for a possible aid package.
NEW YORK - Gold rose 1 percent to a four-month high above $1,670 an ounce on Thursday, bolstered by hopes for a new round of US monetary stimulus and news that Spain is negotiating conditions for a possible aid package.
Qatar Holding, the investment arm of the nation’s sovereign-wealth fund, bought a 22 per cent stake in Chinese private equity firm Citic Capital Holdings as the country accelerates spending on overseas acquisitions.
In a few weeks, about 2,800 cars, trucks and buses will start talking to each other on the streets of Ann Arbor, Michigan, in a giant experiment that government officials are hoping will lead to safer roads.
NEW YORK/LONDON - World business surveys on Thursday painted a picture of economic malaise stretching from Beijing to Berlin, adding to concerns that the world economy was slowing down.
Gold prices in India hit a lifetime high on Thursday, in line with global trends, as stockists and investors bought up the metal, traders said.
Etihad Airways’ has almost doubled its stake in Virgin Australia Holdings in the last two months.
Apple’s market value climbed past $623 billion on Monday, surpassing the record set by Microsoft during the heyday of technology stocks in 1999.
Oil rose more than one per cent on Tuesday as hopes that the European Central Bank, or ECB, will act to contain the region’s debt crisis boosted crude futures and sent US equities to a four-year high and the euro to a seven-week peak versus the dollar.
Iraq is fast becoming an oil producing powerhouse, but you’d never know that by looking at the faded Unknown Soldier gas station in downtown Baghdad.
HONG KONG - China National Offshore Oil Corporation, or Cnooc, one of China’s three major state-owned oil producers, said on Tuesday that first-half profit fell 19 per cent as it grappled with rising costs and a drop in production from an oil spill in China’s Bohai Bay.