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HuaweiLONDON - Gold prices rose towards $1,600 an ounce on Tuesday in line with the firmer euro as investors awaited a statement from Federal Reserve chair Ben Bernanke later, after soft US data fuelled talk he may hint at fresh measures to stimulate the economy.
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LONDON - Copper rose on Tuesday on expectations the US Federal Reserve could signal further stimulus to prop up the flagging economy following weak economic data, but gains were capped by European debt crisis concerns and a cloudy outlook for metals demand.
LONDON/SEOUL - Samsung Electronics has bought chipmaker CSR’s mobile phone connectivity and location technology for $310 million in a deal that strengthens the South Korean company’s smartphone platform and patent portfolio.
LONDON — Global markets rose Tuesday on hopes that the United States and China might take new steps to combat a downturn in economic growth.
HONG KONG — Asian shares were widely up Tuesday, led by a sharp rise in Hong Kong, amid hopes of Chinese and US stimulus measures ahead of Federal Reserve Chairman Ben Bernanke appearing before Congress.
South Korea’s Samsung Electronics said Tuesday it had signed a deal to buy a mobile technology unit belonging to British firm Cambridge Silicon Radio (CSR) in a bid to improve its handheld devices.
Car manufacturer Ford announced Tuesday that it would sack 440 Australian workers as it scaled back production due to muted demand, despite a multimillion-dollar government bailout earlier this year.
Asian stocks rose Tuesday as optimism China might take new steps to stimulate its slowing economy offset weak US data and the IMF’s gloomier outlook for world growth.
Statistics Centre – Abu Dhabi, or Scad, has issued its monthly report on the prices of building materials in the emirate for the month of June and the second quarter of 2012.
The share prices on Dubai stock market sustained an upward trend in low trade on Sunday.
