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Gold Settles at New Record High: Gold futures on the COMEX Division of the New York Mercantile Exchange on Wednesday settled at 1,437. 7 U.S. dollars per ounce, a fresh all-time high, as unrest in Libya and inflationary concerns continued to boost safe-haven demands.

U.S. Stocks Open Lower despite Positive Economic Data: U.S. stocks opened lower on Wednesday despite positive jobs data. The ADP Employer Services said Wednesday that private employers added 217,000 jobs in February, beating analysts' expectations of 175,000 new poisitions. The January figure was revised higher to 189,000 from 187...

Yuan Weakens 30 Basis Points Against U.S. Dollar Wed: The value of Chinese currency Renminbi (RMB), the yuan, weakened 30 basis points against U.S. dollars Wednesday. The central parity rate was set at 6.5736 per U.S. dollar Wednesday, comparing 6.5706 per U.S. dollar the previous trading day, according to the China Foreign Exchange ...

Dollar Rises on ISM Data, Bernanke Comment: The U.S. dollar rose against major currencies in late New York trading on Tuesday as the Institute for Supply Management said the U.S. manufacturing was expanded in February and the chairman of the Federal Reserve said inflation in the United States was modest. The Institute for ...

China Logistics Value Up 15 pct for 2010: The value of China's logistics industry hit 125 trillion yuan (18.9 trillion U.S. dollars) in 2010, a growth rate of 15 percent year-on-year, said the China Federation of Logistics and Purchasing (CFLP) on Tuesday. The growth rate was 3.7 percentage points more than the previous ...

Gold Extends Rally, Close to Historical Record: Gold futures on the COMEX Division of the New York Mercantile Exchange further hiked on Tuesday, approaching its historical record in December 2010, as unrest in the Middle East and North Africa continued to boost safe-haven demands.

U.S. Stocks Fall amid Concerns over Surging Oil Prices: U.S. stocks closed lower on Tuesday as investors were concerned that rising oil prices would hurt the U.S. economic recovery. Although U.S. Federal Reserve Chairman Ben Bernanke said rising oil prices were not unlikely to derail the economy, his words did little to allay ...

Oil Settles Near 100 dollars on Violence in Libya: U.S. crude price surged on Tuesday and settled near 100 dollars as heavier violence in Libya caused concerns about unrest spreading risk in the North Africa and Middle East. The turmoil in Libya continued on Tuesday. Libya's National Oil Corporation chairman, Shokri Ghanem, said ...

U.S. Stocks Open Higher Ahead of Bernanke's Comments: U.S. stocks opened higher on Tuesday ahead of Federal Reserve Chairman Ben Bernanke's testimony. Bernanke will be speaking before the Senate Banking Committee on Tuesday and investors are keeping a close watch on the wording of the testimony. Meanwhile, the U.S. ISM manufacturing ...

Beijing Home Sales Slump in Feb. Following Purchase Restriction: Beijing saw sharp declines in home sales in February following the enacting of a group of measures to cool the housing market, local authorities said Tuesday. The city reported sales of 3,436 new homes, down 70 percent from the sales figure in January, said Beijing's real estate ...

China to More Than Double Entertainment Industry: China plans to more than double the value of its entertainment and other cultural industries to nearly three trillion yuan, or roughly $460 billion US dollars, within the next five years. Beijing will expedite bank loans and facilitate public listings for companies involved in ...

Wall Street Gains for 3rd Straight Month: Wall Street finished up on the last trading day of February amid positive economic data and comments. It was the third straight month for the U.S. stocks to close higher. The Dow Jones industrial average rose 95.89 points, or 0. 79 percent, to 12,226.34, ending the month with a 2...

Dollar Mixed on Personal Income Data: The U.S. dollar traded mixed against major currencies in late New York trading on Monday as U.S. personal income increased in January. The U.S. Commerce Department said on Monday that the U.S. personal income jumped a seasonally adjusted 1 percent in the first month of 2011, ...

Gold Edges Higher on Libya Unrest Concerns: Gold futures on the COMEX Division of the New York Mercantile Exchange edged higher on Monday, as growing unrest in Libya continued to boost demands for safe-haven investment. Silver also hiked, hitting a fresh 31-year high.

China's Exports of Cultrual Products Accelerating: China Monday said its trade deficit of cultural products and services have been gradually shrinking in recent years. Sun Zhijun, deputy head of Publicity Department of the Communist Party of China (CPC) Central Committee, told a press conference that the country's films reaped 3...

Gold Retreats from 7-Week High: Gold futures on the COMEX Division of the New York Mercantile Exchange on Friday declined for the first time in two weeks, as some investors opted to liquidate their positions after gold prices registered the longest rally in six months. The most active gold contract for April ...

U.S. Stocks Trim Weekly Losses as Oil Stabilizes: U.S. stocks rebounded on Friday after three days of sell-off as oil prices stabilized. Stocks have been under severe pressure during previous sessions as investors worried the unrest in Libya would spread to other oil- rich countries and disrupt oil supplies. However, the ...

China's Mechanical, Electronics Exports Top the World: China became number one globally in export sales of mechanical and electrical products with 933 billion U.S. dollars in 2010. The ministry of commerce figures show that, in 2010, the export of electromechanical products made up about 60 percent of China' s export trade and ...

Express Delivery Revenue up 29.5 pct in Jan.: Revenue from China's express deliveries in January rose 29.5 percent year on year to 5.81 billion yuan (880 million U.S. dollars) with volume reaching 250 million items, up 48.3 percent, the State Post Bureau announced Thursday. Domestic inter-city items accounted for more than ...

Wall Street Plunges amid Concerns over Libya Crisis: The sell-off in Wall Street continued on Wednesday as political tensions in Libya showed no signs of easing. After Libyan leader Muammar Gaddafi said in a defiant speech on Tuesday that he would not step down and promised tougher action against rebels, the unrest in the country ...

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