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Chidambaram asks Indians to contain uncontrolled passion for gold

May 25, 2013 at 10:21 | Source: Business Today

Elephants made of gold on display at the Gem and Jewellery India International Exhibition 2013 (GJIIE) in Chennai on March 17, 2013.Photo: Babu/Reuters Finance Minister P Chidambaram on Friday urged Indians to contain their "uncontrolled passion" fo...

Chaitanya Joshi takes JWT Portfolio Night All-Star crown

May 25, 2013 at 07:40 | Source: DNA India

Chaitanya Joshi, currently with Draft FCB Ulka, came out on top when he was adjudged the All Star winner on Friday at JWT s Portfolio Night 11 held in Mumbai. A gold medalist from Mudra Institute of Communications, Ahmedabad (MICA), Joshi was picked...

Canadian Stocks Rise as Valeant Jump Offsets Slumps in Oil, Gold

May 25, 2013 at 04:00 | Source: Bloomberg

Canadian stocks rose, erasing earlier losses of as much as 0.3 percent to clinch a fifth week of gains, as a surge in Valeant Pharmaceuticals International Inc. (VRX) offset a slump in oil and gold producers. Valeant jumped 13 percent to an 11-year ...

Gold prices edges lower on stronger US dollar, stocks

May 25, 2013 at 03:02 | Source: Financial Express

Gold prices edged lower on Friday as the dollar and equities regained momentum after a volatile trading session the day before, and as holdings in bullion-backed exchange-traded funds fell to fresh four-year lows. FUNDAMENTALS * Spot gold prices fel...

Gold faces more pressure as inflation stays tame

May 25, 2013 at 03:00 | Source: FirstPost

LONDON (Reuters) - Gold prices are looking even more vulnerable after April's price crash, as rampant inflation expected from successive rounds of monetary easing fails to materialise.The idea that record-low interest rates would damage paper currenc...

Gold dips, but 2.15% weekly rise biggest in a month

May 25, 2013 at 02:11 | Source: Economic Times

NEW YORK: Gold turned modestly lower on Friday as some players exited positions ahead of a long US weekend, but registered its biggest weekly per centage gain in a month, supported by a drop in stock markets and a softer dollar. Comments from a Fede...

Stimulus fears haunt world stocks, dollar recovers

May 25, 2013 at 01:45 | Source: FirstPost

NEW YORK (Reuters) - Global equity markets edged lower on Friday on worries the U.S. Federal Reserve may curb its stimulus program, while the dollar recovered against the euro to trade flat after better-than-expected U.S. durable goods data for April...

‘We need to get retail investors back’

May 25, 2013 at 00:22 | Source: The Hindu BusinessLine

Chairman of Edelweiss Capital Rashesh Shah believes that development of corporate bond market in India would be the single most important factor for meeting India’s investment needs. Viewing it as a huge investment opportunity that would finan...

Gold futures prices up on global cues

May 25, 2013 at 00:22 | Source: Financial Express

Buoyed by a firm global trend, gold prices rose by 0.18 per cent, to Rs 26,487 per 10 gm in futures trade today as speculators enlarged their positions. At the Multi Commodity Exchange, gold for delivery in June rose by Rs 47, or, 0.18 per cent, to ...

Gold futures retreat, pare gains for the week

May 24, 2013 at 21:42 | Source: Market Watch

SAN FRANCISCO (MarketWatch) — Gold futures posted modest losses on Friday, paring their gains for the week after a nearly 2% climb a day prior, as investors grew wary ahead of a long U.S. holiday weekend. Gold for August delivery (CNS:GCQ3)  fell...

U.S. stocks slump, weekly streak in jeopardy

May 24, 2013 at 21:42 | Source: Market Watch

NEW YORK (MarketWatch) -- U.S. stocks traded firmly in the red Friday after another volatile session for Asian markets, with upbeat durable-goods data failing to overcome negative sentiment. Concerns about a potential tapering in the Federal Reserve...

Nalli Jewellers plans to set up production facility in Hosur

May 24, 2013 at 21:42 | Source: The Hindu BusinessLine

Chennai, May 24: Nalli Jewellers, part of the Nalli Group known for the silk sari retail chain, plans to set up a jewellery production facility. At present, the retailer sources jewellery from vendors across the country. But it plans to set up its o...

Which way is public policy headed?

May 24, 2013 at 21:42 | Source: The Hindu BusinessLine

It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness...” – A Tale of Two Cities by Charles Dickens The present period of global turbulence and uncertainty leads to several challenge...

Forex reserves falls $1.72 billion

May 24, 2013 at 20:22 | Source: The Hindu BusinessLine

Mumbai, May 24: India’s foreign exchange reserves dropped $1.72 billion to $291.96 billion in the week ended May 17. The country’s forex reserves were down because of a fall of $1.68 billion in foreign currency assets in the reporting we...

Stock futures remain lower after durables data

May 24, 2013 at 20:22 | Source: Market Watch

NEW YORK (MarketWatch) — U.S. stock index futures pointed to a lower start for Wall Street after briefly paring losses in the wake of data that showed orders for big-ticket items rose more than expected in April. But investors generally appeared l...

Gold backs off one-week high

May 24, 2013 at 20:22 | Source: Market Watch

MADRID (MarketWatch) — Gold prices posted mild losses on Friday, backing away from a week-high settlement a day prior, and seeing little benefit from dollar weakness as investors readied for the long U.S. holiday weekend. Gold for August delivery ...

U.S. stocks drop, on pace for weekly loss

May 24, 2013 at 20:22 | Source: Market Watch

NEW YORK (MarketWatch) -- U.S. stocks lost ground Friday after another volatile session for Asian markets, with upbeat durable-goods data failing to overcome negative sentiment. The Dow Jones Industrial Average (DJI:DJIA)   fell 91 points to 15,203...

Gold faces more pressure as inflation stays tame

May 24, 2013 at 19:11 | Source: Economic Times

LONDON: Gold prices are looking even more vulnerable after April's price crash, as rampant inflation expected from successive rounds of monetary easing fails to materialise. The idea that record-low interest rates would damage paper currencies and bo...

Stock futures fall ahead of durable goods

May 24, 2013 at 17:47 | Source: Market Watch

MADRID (MarketWatch) — U.S. stock market futures fell on Friday ahead of durable-goods orders data that are expected to show continued sluggishness, and as investors grew cautious ahead of the long holiday weekend. Continued volatility in Asia als...

Gems, jewellery exports glitter in April; see 33% growth

May 24, 2013 at 17:47 | Source: The Hindu BusinessLine

New Delhi, May 24: After declining 3 per cent in March, India’s gems and jewellery exports witnessed a robust growth of about 33% to $3.38 billion in April 2013. In April 2012, these exports stood at $2.55 billion, according to the data provid...

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