A regulatory filing report by Astenbeck Capital Management LLC had revealed the firm had recently bought shares in rare earth metals and uranium mining companies, presumably in a bid to take advantage of the two commodities' foreseen boom.
Global markets were mixed overnight, with Europe weaker, but the US stronger. Softness in the European session came on the back of rising borrowing costs for Spanish debt and reports that new Italian Prime Minister Mario Monti met resistance in forming a cabinet. However, there was a turnaround in the US session on improved optimism around Mario Monti's ability to battle the debt crisis, plus some impressive US economic data.
US retail sales grew by 0.5pct in October, above forecasts for a gain of 0.3pct. Excluding autos, sales were up 0.6pct. Producer prices fell 0.3pct in October while the core rate (excludes food and energy) was unchanged. Both results were weaker than forecasts. And the ´´Empire State´´ business index improved from minus 8.48 to +0.61 in November.
The Duchess of Cambridge is used to wearing long gowns and dresses for events, and here, we take a look back at some of her memorable long gown ensembles.
Recently, the Olsen sisters have been named by Vogue Magazine as the most "fashionable" sisters, but can London's chic Kate and Pippa outshine the Hollwood style mavens?
Pressured to augment India's persisting coal shortages that fail to supply its power plants, Coal India Ltd. (CIL) has committed to produce some 448 million tonnes of coal for fiscal year 2012.
Australian miner Guildford Coal reported an initial JORC Resource of 63.1 million tonnes of coal with coking potential at its South Gobi project in Mongolia.
At least two major Chinese investors in Australia's resources sector expressed having second thoughts of furthering investment plans in the country's mining industry due to the escalating regulatory risks imposed by the mining and carbon tax laws.
Former IMF chief Dominique Strauss-Kahn is again back in the headlines after figuring in another legal battle. This time against the French media, which Strauss-Kahn said through his lawyers had been very "intrusive" of his and his wife's privacy.
Bell FX Currency Outlook:The AUD has opened lower this morning, currently trading around USD1.0200, as investors caution over the European crisis continued
during the offshore session.
The pressure to use low-carbon technologies less damaging to the environment is hitting hard on industries using rare earths in the European Union.
Ivanhoe Mines Ltd. may need to realign projections and production timetables at its Oyu Tolgoi copper-gold mine project to accommodate the construction of a coal-fired power plant.
Minimizing carbon blueprints and espousing energy efficiency are the main selling points of the carbon pricing that the Parliament has voted into laws on November 8.
After a slew of pregnancy rumors, the Palace has already spoken about Middleton's status on producing a Royal Heir.
Market interest in Lynas Corp. has been steadily rising after it announced it is close to its first production output of rare earth metals from its Mount Weld Rare Earth Project.
The Australian Bureau of Statistics (ABS) has announced the near-completion of security upgrades on its existing IT infrastructure that will soon require staffs to utilise smartcards to gain entry on the agency’s system.
The Australian Labor Party is set to reverse its ban on uranium sale to India, according to a Monday report carried by Fairfax media outlets, which also suggested that the turnaround would be in support of Primer Minister Gillard’s ‘Asian Century’ policy.
The local share market is trading in the red in the early session, although the losses aren't as severe as was predicted following losses in European and US share markets overnight. Volatility returned to global markets overnight as investors questioned whether or not the new governments in Italy and Greece would actually be able to solve the European debt crisis. At lunchtime in the East, the All Ordinaries Index (XAO) is down 17.8pts or 0.4pct to 4351.3.
A showdown looms between Australian Prime Minister Julia Gillard and Queensland Premier Anna Bligh over the state's opposition to uranium mining. Bligh said the state has no plan to review or revise the policy.
After news spread that the Royal sister has dumped her longtime boyfriend, Alex Loudon, many are wondering who will replace him in Pippa's long line of hopeful bachelors. Will it be Justin Timberlake or Prince Harry?
Some 3,000 police and soldiers raided and took over two of Brazil's biggest shantytowns Sunday as part of a crackdown against armed drug gangs and security preparations for the 2014 World Cup and 2016 Olympics.
The continuing fiscal crisis affecting the eurozone, coupled with the alterations in Italy's political landscapes along with brewing conflicts in the Middle East, led prices of crude oil to withdraw on Monday.
Men's bodies are making political news these days; Chris Christie's girth, Scott Brown's nudity. Caryl Rivers says that's changing the body politic and giving guys a taste of what women have long endured.
U.S. President Barack Obama and Chinese President Hu Jintao exchanged barbs during a closed door meeting at the Asia-Pacific Economic Conference in Hawaii on Saturday.
Israel's defense chief, Ehud Barak wants more explosions similar to the one that struck a missile base in Iran on Saturday that killed 17 soldiers, including the key figure behind the Islamic country's missile programme.
The Royal Couple's new apartment seem to have a "cursed" history when it comes to the princesses who lived in it, will Kate break the ill fate of the Palace?
China, the world's second-largest economy, will consume more energy than India, Brazil, even bigger than the European Union and the United States combined, the International Energy Agency (IEA) said in its World Energy Outlook report published early this month.
The savvy investor who knows how to play his cards well will opt to maintain a diversified portfolio rather than just focus on one commodity or equity to ensure steady and long-term capital gains.The same is being advised to Australia, most especially now that China's super-power status seems to be not so super powerful at all, with cracks seen anew in its latest property market report.
India, one of the world's emerging economies on Monday, has been advised by the International Energy Agency (IEA) to re-open its nuclear power plans to address its energy crisis.
East African country Kenya recently intensified its prospects in known gold fields in Western Kenya in a bid to take part in the escalating global pandemonium for the supposed soothing psychological effects of gold among investors.
