Newspaper publishing
Copper prices declined on Friday after data showed that the US labor market remains weak, raising concerns about the economic outlook for the world's second-largest consumer of the industrial metal. The US economy added only 18,000 jobs last month, a significant shortfall from the expected increase of
Newspaper publishing
Gold futures continued their upward trend, reaching a third day of gains, despite an interest rate increase in Europe. The increased rate, coupled with concerns about Portugal's debt obligations, led to a weaker dollar, which in turn fueled demand for gold. The most actively traded contract for August
Newspaper publishing
Copper futures fell for a second consecutive day on concerns that the US economic slowdown and instability in the euro-zone would negatively impact demand for the industrial metal. The US dollar's slight strengthening against major currencies also weighed on copper prices. Despite weakness in the US economic data,
Newspaper publishing
A slowdown in Chinese bank lending has sent copper futures plummeting, with the July delivery contract on the Comex division of the New York Mercantile Exchange recently trading at $4.0290 a pound, a 2.6 cent or 0.6% decline from the previous day. This development comes as Chinese
Newspaper publishing
The 23rd trading week of the year came to a close with investors fretting about the increasing strength of the US Dollar. The S&P 500, Dow Jones Industrial Average, and NASDAQ were all lower for the week. Crude oil futures traded lower, down to $99.35 per barrel,
Newspaper publishing
Copper prices experienced a minor increase as investors voiced concerns over supply disruptions at Chile's El Teniente mine and the potential impact of resource nationalism in Peru under a new government. The July delivery contract on the Comex division of the New York Mercantile Exchange saw a 0.
Newspaper publishing
U.S. stocks ended mixed on Monday, with energy shares declining on lower oil prices, as investors remained cautious ahead of the unofficial start of first-quarter earnings season. Despite this, some corporate news lifted shares, such as Tyco International gaining 3.33 percent after news of a potential takeover offer.
Newspaper publishing
Copper prices experienced a sharp decline on April 12, 2011, due to concerns about global demand, triggered by high commodity prices and economic risks in China and Japan. The copper market was particularly sensitive to the economic outlook, with the metal being widely used in electronics, buildings, automobiles, and appliances.
Mining industry
In the wake of the devastating 2010 Deepwater Horizon disaster, the oil and gas industry has made significant strides in enhancing its spill containment capabilities. The Helix Well Containment Group, a consortium of oil companies, has announced plans to nearly double the depth at which it can contain out-of-control offshore
Mining industry
Copper futures hit a roadblock as the International Monetary Fund (IMF) adjusted downward its gross domestic product (GDP) growth forecasts for Japan and the US. The IMF's draft report, cited by ANSA, reduced its projected GDP increase for the US to 2.8% from 3.0% and for
Newspaper publishing
Concerns about rising inflation rates in Europe and the U.S. triggered a surge in gold prices as investors sought safe-haven assets. The U.K.'s annual rate of inflation rose to 4.0% in January, exceeding the Bank of England's target. Gold futures contracts on the
Newspaper publishing
Copper prices soared to near-record highs on Monday after data showed Chinese imports of the industrial metal surged. The gains came on the back of stronger-than-expected import data from China, which has been the world's largest copper consumer, accounting for more than 40% of global annual consumption. The
