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 […]

Ukraine crisis: IMF approves $17B US bailout amid risks The International Monetary Fund (IMF) has approved a $17.1bn (£10.1bn) bailout for Ukraine to help the country’s beleaguered economy. The loan comes amid heightened military and political tension between Ukraine and neighbouring Russia. The loan is dependent on strict economic reforms, including raising taxes and energy […]

China is set to overtake U.S. as biggest economy using PPP measure. However, the Chinese government has taken unusual step of denying it is world’s No. 1 trader The Chinese leadership has rejected the status of the planet’s biggest trader, despite surpassing America in total imports and exports by a margin of US$44 billion. Beijing […]

Apple Upgrade Tracks Customers… Even When Marketing Apps Are Off The people who design marketing apps are celebrating a change in the way works on iPhones. That’s the Bluetooth-based system that lets a store track a customer’s movements, and capitalize on them. For instance, if iBeacon detects you lingering in the shoe department, it might […]

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 […]

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 […]

The Nasdaq suffered its biggest drop in two-and-a-half years on Thursday after another sharp selloff in biotech and momentum names, including Gilead Sciences (GILD.O) and TripAdvisor (TRIP.O), increasing investor anxiety about a broader pullback. The Nasdaq biotechnology index .NBI shed 5.6 percent, its biggest one-day drop since August 2011, adding to recent losses since a large drop […]

Japan saw its first national consumption tax hike since 1997, with the rate rising from 5 percent to 8 percent. For more than a decade, Japan’s relatively low consumer taxes have been seen as a likely target for raising rates to increase tax revenue and begin dealing with Japan’s high levels of national debt. But […]

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 […]

The BRICS’s support for Russia shows the Western-dominated post-Cold War order is eroding. There’s been no shortage of reports and commentaries on the crisis in Ukraine and Crimea, and Russia’s role in it. Yet one of the more notable recent developments in the crisis has received surprisingly little attention. Namely, the BRICS grouping (Brazil, Russia, […]