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Pakistani rupee hits record low as deficit fears mount KARACHI: Pakistan's currency slumped to a record low against the US dollar yesterday as rising oil prices exacerbate concern about its yawning tr... Date: Fri, 09 May 2008 17:52:38 -0600 Source: Gulf Daily News: Business
Indian economy grew 15 pc in dollar terms In real rupee terms, Indian economy grew by over 8 per cent during the last 5 years. Many experts have opined that growth would moderate this fisc... Date: Fri, 09 May 2008 17:22:19 -0600 Source: Deccan Herald: Business
Gold rallies by Rs 190 per 10 gm Press Trust of IndiaMUMBAI, Date: Fri, 09 May 2008 16:52:17 -0600 Source: The Statesman: Business
Pakistani rupee tumbles 3.5% on economic turmoil Pakistan's currency slumped to a record low against the dollar yesterday as rising oil prices exacerbate concern about its yawning trade defic... Date: Fri, 09 May 2008 16:49:24 -0600 Source: Gulf News: Business
Frontier Pacific Responds to Unsolicited Takeover Bid and Recommends to Shareholders NO ACTION BE TAKEN CNW Group - Frontier Pacific Mining Corporation ("Frontier Pacific" or the "Company") (TSX-V:FRP) has been advised that on May 9, 2008, Eldorado ... Date: Fri, 09 May 2008 17:55:31 -0600 Source: Yahoo! Canada Finance
Ecuador Government Seeks to End Suspension on Mining Exploration by August Ecuador's government wantsexploration of large-scale gold and copper deposits to restartby late August after suspending such activity last month,M... Date: Fri, 09 May 2008 16:16:34 -0600 Source: Bloomberg: Financial News, Latin America
Closing Glance: Gold-mining stocks close mixed Date: Fri, 09 May 2008 15:43:39 -0600 Source: IBTimes.com
Closing Glance: Gold-mining stocks close mixed (AP) Shares of gold companies closed mixed Friday as the price of the precious metal increased but the broader market slid. Gold for August delivery ro... Date: Fri, 09 May 2008 15:31:31 -0600 Source: Yahoo! Finance: US Market News
Molycor Gold Corp.: Incentive Stock Options VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 9, 2008) - Molycor Gold Corp. (TSX VENTURE:MOR)(PINK SHEETS:MLYFF)(FRANKFURT:M1V) will grant incent... Date: Fri, 09 May 2008 16:19:28 -0600 Source: Marketwire - Stock/Other Market News
Wall Street falls as oil hits new highs US stocks were lower in a week during which continuing concerns about oil prices, inflation and credit markets outweighed strong sales figures fro... Date: Fri, 09 May 2008 15:49:31 -0600 Source: FT.com - Financial Markets News
US EQUITIES WEEK AHEAD: Retail, Inflation Data On Tap Date: Fri, 09 May 2008 13:34:08 -0600 Source: Dow Jones US Market via Morningstar
PRECIOUS METALS: Gold Seals 3 Pct Weekly Gain, Other Metals Mixed Gold futures gained on Friday to close at their highest level since late April and sealed a weekly gain after crude oil surged to a record price a... Date: Fri, 09 May 2008 14:37:22 -0600 Source: IBTimes.com - Markets
A Valuable Backstop for Wealthy Investors By: Adrian Ash, BullionVaultWhy are wealthy investors swapping gold futures for physical metal that they own outright...? Date: Fri, 09 May 2008 13:10:18 -0600 Source: GoldSeek.com News
Gold Rises on Speculation Oil Gain Will Spur Demand for Inflation Hedge Gold rose in New York, erasing earlierdeclines, on speculation a weaker dollar and rising energy costswill boost investor demand for the metal as ... Date: Fri, 09 May 2008 12:39:04 -0600 Source: Bloomberg: Financial News, Commodities
Canadian Stocks Fall, Led by Barrick Gold, Teck; Manulife Financial Rises Canadian stocks fell, paring a weeklygain in the main stock index, as Barrick Gold Corp. and othermining companies dropped with bullion and copper... Date: Fri, 09 May 2008 12:37:35 -0600 Source: Bloomberg: Market News
Crude Hits Record above $126 as Dollar Falls, OPEC may Consider Increase Output Crude oil futures soared for a fifth day above $126 a barrel on Friday as the dollar fell against the euro and other major currencies increasing d... Date: Fri, 09 May 2008 13:34:14 -0600 Source: IBTimes.com - Markets
Pakistani rupee slides to record low against U.S. dollar as economic problems mount KARACHI, Pakistan &#8211; Pakistan's currency slumped to a record low against the U.S. dollar on Friday as rising oil prices exac... Date: Fri, 09 May 2008 16:11:53 -0600 Source: St Louis Star: US Business News
Mexico stocks fall on AIG; bonds drop on inflation MEXICO CITY, May 9 (Reuters) - Mexican stocks fell onFriday after a record loss at U.S. insurance firm AIG stokedconcerns about the credit crisis,... Date: Fri, 09 May 2008 12:40:58 -0600 Source: Reuters Financial News: Bonds News
Australia's Central Bank Raises Inflation Forecasts, Cuts Growth Estimate U.S. demand for imported goods slumpedin March, overwhelming the impact of the first export decline inmore than a year and causing the American tr... Date: Fri, 09 May 2008 11:49:48 -0600 Source: Bloomberg: Financial News, Asia
Gold futures end the week over 3% higher SAN FRANCISCO (MarketWatch) -- June gold climbed $3.70 an ounce Friday to close at $885.80. The contract ended the week 3.2% higher. "The U.S. dol... Date: Fri, 09 May 2008 13:32:08 -0600 Source: CBS MarketWatch.com - MarketPulse
Gold Gains Falter Shy of $890 By: Peter A. Grant, USAGOLDGold edged closer to the $900 level in earlier trading, but has since retreated into the range on news that the US t... Date: Fri, 09 May 2008 11:40:11 -0600 Source: GoldSeek.com News
Mr. Rogers' Neighborhood Gold prices picked up a few additional dollars of value overnight as the crude oil market spiraled out of control reaching as high as $125.50 per ... Date: Fri, 09 May 2008 12:35:00 -0600 Source: IBTimes.com - Markets
Gold Futures Fall in New York on U.S. Interest-Rate Outlook; Silver Drops Gold fell, erasing earlier gains, onspeculation the Federal Reserve will keep U.S. interest ratessteady to curb inflation. Silver also dropped. Date: Fri, 09 May 2008 10:34:45 -0600 Source: Bloomberg: Financial News, Commodities
U.S. Retail Sales, European GDP; BNP Paribas Results: Europe Week Ahead Reports on U.S. retail sales andindustrial production, European economic growth and U.K.inflation may move stock markets next week. Date: Fri, 09 May 2008 10:29:00 -0600 Source: Bloomberg: Market News
Stocks in U.S. Drop on Concern Oil Prices to Hurt Refiners; Valero Tumbles U.S. stocks fell, sending the market to its first weekly drop in a month, on concern that record crude oil prices will reduce profits at refiners ... Date: Fri, 09 May 2008 10:25:16 -0600 Source: Bloomberg: Top Worldwide
Stocks decline as AIG reveals need for cash, oil surges Wall Street retreated Friday as investors contended with wider-than-expected losses at insurer American International Group Inc. and another worri... Date: Fri, 09 May 2008 11:23:00 -0600 Source: Lexington Herald-Leader: Business
Aussie dollar up on inflation warning THE Australian dollar finished firmer yesterday after the central bank said a pick-up in domestic demand could jeopardise its forecast o... Date: Fri, 09 May 2008 10:19:24 -0600 Source: The Australian: Business
World Commodity and Food Crisis: Trends and Expectations Surge in commodity prices is a recent phenomenon and could be pushing the global economy into a new inflation spiral. Currently, the problem seems... Date: Fri, 09 May 2008 16:43:26 -0600 Source: FXstreet.com: Education: Technical Analysis
Opening Glance: Gold miners open lower in early trading (AP) Shares of gold companies opened lower Friday, even as the price of the precious metal increased but the broader market fell. Date: Fri, 09 May 2008 09:29:05 -0600 Source: Yahoo! Finance: Commodities News
Gold futures fall, but trade higher for the week SAN FRANCISCO (MarketWatch) -- June gold fell by $6.10 to $876 an ounce Friday morning, retreating from a high of $888 as traders eyed strength in... Date: Fri, 09 May 2008 11:23:48 -0600 Source: CBS MarketWatch.com - MarketPulse
European Minerals Corporation: Additional Resources-Varvarinskoye Update-5-Star CAT Rating Marketwire - European Minerals Corporation (TSX:EPM)(AIM:EUM) ("EMC" or the "Company") is pleased to report an increase in the gold and copper res... Date: Fri, 09 May 2008 10:40:45 -0600 Source: Yahoo! Canada Finance
Precious Metals Futures :: Friday, May 9, 06:56 (ET) COMEX Gold:Gold trading is higher in ACCESS trade this morning extending the prior sessions gains. Trend indicators are indicating a bearish marke... Date: Fri, 09 May 2008 09:13:11 -0600 Source: TradeSignals: Market News
Opening Glance: Gold miners open lower in early trading Shares of gold companies opened lower Friday, even as the price of the precious metal increased but the broader market fell. Gold traded in London... Date: Fri, 09 May 2008 09:58:24 -0600 Source: IBTimes.com - Companies
Gold Hits 9-Session High as Politicians Blame Oil-Led Inflation on Speculators, Not Cheap Money By: Adrian Ash, BullionVaultPHYSICAL GOLD BULLION reached a nine-session high at the AM Fix in London on Friday, nearing its first weekly gain ... Date: Fri, 09 May 2008 08:10:28 -0600 Source: GoldSeek.com News
Metals Stocks: Gold futures gain, as dollar falls, oil hits record Gold futures extend gains, bolstered by weakness in the U.S. dollar and crude oil?s surge to a record high above $126 a barrel. Date: Fri, 09 May 2008 08:43:17 -0600 Source: CBS MarketWatch.com - Top Stories
Dollar on a dipping slope again and fears of high inflation The U.S. trade deficit will have probably narrowed in March as a weaker dollar boosted exports of machinery and food, economists said ahead of a g... Date: Fri, 09 May 2008 09:12:45 -0600 Source: fxstreet: futures news
DrumBeat: May 9, 2008 Michael T. Klare: Portrait of an Oil-Addicted Former Superpower Nineteen years ago, the fall of the Berlin Wall effectively eliminated the Soviet... Date: Fri, 09 May 2008 08:46:22 -0600 Source: The Oil Drum
Gold futures gain, as dollar falls, oil hits record NEW YORK (MarketWatch) -- Gold futures gained Friday, bolstered by weakness in the U.S. dollar and crude oil's surge to a record high just below $... Date: Fri, 09 May 2008 08:14:12 -0600 Source: CBS MarketWatch.com - MarketPulse
Gold settles back below $900 Oil and retail gas prices set new records again today (May 8). Oil futures climbed over $124 per barrel... May 09 2008 09:58AM BST Date: Fri, 09 May 2008 06:55:19 -0600 Source: Forex Rate - Currency News
Trade gap narrows to $58.2 billion on fewer imports WASHINGTON (MarketWatch) - In a sign of weaker global growth, both imports and exports fell sharply in March, driving the U.S. trade deficit down ... Date: Fri, 09 May 2008 08:14:12 -0600 Source: CBS MarketWatch.com - MarketPulse
Wall Street set for sharp sell-off US stocks were braced for a sharp sell-off at the opening bell on Friday as steep losses at insurer American International Group fuelled credit co... Date: Fri, 09 May 2008 08:28:33 -0600 Source: FT.com - Financial Markets News
Bears roaming Wall Street U.S. stocks looked set for a sharp decline at Friday's open as AIG's big loss raised credit jitters and soaring oil prices fanned inflation concerns. Date: Fri, 09 May 2008 06:12:25 -0600 Source: LexisNexis: Business/Financial News
European equities sapped by runaway oil prices (AFP) AFP - European stock markets fell sharply on Friday as record high crude prices above 125 dollars per barrel hurt oil-exposed airlines and heighte... Date: Fri, 09 May 2008 07:16:30 -0600 Source: Yahoo! News - Business - Stock Markets
New Bushveld Platinum Mine Feasible Barrick Gold's Sedibelo platinum project will cost $700 million, but its 16-year life will be economically attractive. Date: Fri, 09 May 2008 12:35:59 -0600 Source: Resource Investor - Main Content Feed
Futures trading banned in India The Indian government has banned futures trading in four commodities to tame inflation. [in The US News.com] Date: Fri, 09 May 2008 07:26:37 -0600 Source: The US News: Breaking Business News
London Gold Market Report Gold Hits 9-Session High as Politicians Blame Oil-Led Inflation on Speculators, Not Cheap Money PHYSICAL GOLD BULLION reached a nine-session high ... Date: Fri, 09 May 2008 06:58:34 -0600 Source: fxstreet: futures news
Platinum Futures in Tokyo Gain as Oil Rally to Record May Spur Inflation Platinum futures in Tokyo gained by thedaily limit for a second day this week as crude oil rose to arecord, boosting the metal's appeal as an infl... Date: Fri, 09 May 2008 05:22:40 -0600 Source: Bloomberg: Financial News, Commodities
INVEST IN CANADIAN MINING Bloomberg.com reports 08 May 08 that Canadian mining companies Suncor, Yamana, and Cameco gained in value as a result of record prices for gold, o... Date: Fri, 09 May 2008 06:52:56 -0600 Source: IBTimes.com - Companies
Pakistani rupee falls to record low (AP) Pakistan's currency slumped to a record low against the U.S. dollar on Friday as rising oil prices exacerbate concern about its yawning trade defi... Date: Fri, 09 May 2008 05:19:33 -0600 Source: Yahoo! Finance: Commodities News
Hochschild confident of hitting annual output goal LONDON, May 9 (Reuters) - Latin American silver and goldminer Hochschild Mining Plc said it was confident ofachieving its 2008 output goal of 26 ... Date: Fri, 09 May 2008 05:16:39 -0600 Source: Reuters: Company Results