Category Business

Balance of power in the Global Gold Industry moves East as Dubai plans $60 million refinery, spot contract .

In the desert on the outskirts of Dubai, one of the world’s biggest gold refineries is under construction. When completed next year, it will help to alter the balance of power in the global gold industry. Growth in demand for the precious metal is shifting east, to Asia’s fast-growing economies. But key industry activities such […]

Yahoo is put to the test as Alibaba files for the largest U.S. IPO on record, an estimated $150 billion at the time of the offering.

Marissa Mayer is finally set to get a cash infusion from Yahoo! Inc.’s nine-year investment in Alibaba Group Holding Ltd. — along with the pressure of putting the money to work. Yahoo is selling 208 million shares, or about 40 percent of its Alibaba stake, in the Chinese Internet company’s upcoming initial public offering, and […]

Shale Gas on the Rise as G-7 Pledges to Find New Energy Supplies to Counter Russia

The Group of Seven nations agreed to find new sources of energy and expand their natural gas infrastructure to prevent Russia from using its oil and gas reserves as a “political weapon,” German Economy and Energy Minister Sigmar Gabriel said. The world’s leading economies will also increase their efforts to save energy and to use […]

U.S. Stocks Advance as Employment Report Rise

U.S. stocks rose, with benchmark indexes trading near all-time highs, after data showing payrolls rose in April by the most in two years boosted confidence in the strength of the world’s largest economy. Agnico Eagle Mines Ltd. jumped 5.9 percent after reporting a record quarterly gold production. QLogic Corp., the supplier of chips and switches […]

China Gold Demand To Rise, Buyers Get Wealthier

Gold demand in China, which overtook India as the largest user last year, will rise about 25 percent in the next four years as an increasing population gets wealthier, according to the World Gold Council. Consumer demand will expand to at least 1,350 metric tons by 2017, the London-based council said in a report today. Growth […]

The Trillion-Dollar Bubble: Bond Oligarchy

Bill Gross and Larry Fink manage a $3 trillion pile of bonds — an amount almost as big as Germany’s economy. Their firms, Pacific Investment Management Co. andBlackRock Inc. (BLK), doubled holdings since 2008, outpacing the market’s growth of 50 percent. Some of the largest hedge-fund firms, including Bridgewater Associates LP and BlueCrest Capital Management LLP, have also […]

4 Myths of Investing in Commodities

Many investors are reluctant to trade commodities due to a variety of myths or misconceptions by the general public and even the investment community. These myths probably date back many decades and were likely created by frustrated, losing commodity traders or by those who view commodities as too difficult of an investment to understand. You may hear […]