THE Australian dollar dropped to a one-year low after the head of the US Federal Reserve said he would consider winding down its economic stimulus program in the coming months. The currency dropped as low as 96.62 US cents in the early ...
Tags: economy
INVESTMENT banks have continued to go cold on the Australian dollar, with Credit Suisse?s global strategists telling clients the Aussie could fall to 85 US cents in 12 months because "this time it's structural". "While a rebound remains ...
Tags: economy
Apple CEO Tim Cook has defended his company against charges of aggressive tax avoidance in a hearing in front of a Congressional committee in the US Senate. In a report, the Senate Permanent Subcommittee on Investigations claimed that ...
Tags: Computer Products, Apple
Continuing speculation about the future of the US Federal Reserve's asset-purchasing program in the wake of congressional testimony by Chairman Ben Bernanke sent the dollar sharply higher Wednesday, and augmented downward pressure on the ...
Tags: NYMEX Crude, Chemicals
It's reported that Gerdau is expanding operations near its Knoxville steel mill in Tennessee State in the US. It will add a multi-million-dollar facility at its Knoxville mill in Knoz county, Tennessee to increase its bar capacity by 120000 ...
Tags: Industrial Equipment, Manufacturing, Processing Machinery
Indian government may have been trying hard to acquire a ‘Global Diamond Trading Hub’ status for its diamond industry on one hand but on the other hand if some figures are to be believed, it may be on verge of surrendering its ...
Cree Inc of Durham, NC, USA has announced the commercial availability of its new XLamp XP-E2 color LEDs, in red, red-orange, amber, green, blue and royal blue colors. Delivering up to 88% higher maximum light output compared to alternative ...
Tags: Cree, XP-E2 Color LEDs
Digital Signal Corporation, which offers facial recognition and identity management solutions, today announced that it has secured $50 million in funding from Technology Control Corporation ("TCC"). TCC has the option to increase the ...
To get an idea of how American coastal waters might look just before they succumb to all the degradations they have suffered these past five centuries, it would be worth taking a July trip to Mobile Bay, an Alabama inlet that feeds into the ...
Tags: Agriculture, Food
The US Senate has dragged Apple, the world's most valuable company, into the debate over the US tax code, grilling CEO Tim Cook over allegations that its Irish subsidiaries help the company avoid billions in US taxes. Cook said the ...
The sharemarket pulled back yesterday as profit warnings in the mining services and consumer discretionary sectors continued to drag on sentiment. The benchmark S&P/ASX 200 closed down 0.6 per cent at 5180.1 points after falling to ...
Tags: Stocks, Mining Services Companies, Profit
With Bitcoin all the rage and startups popping up left and right, it's hard to know who's an expert in the virtual currency and who just has an opinion. Most people would put Jeff Garzik in the former camp. A Bitcoin core developer for ...
Tags: Bitcoin, Jeff Garzik, Computer Products
According to report, the prices of hot rolled coils (HRC) and cold rolled coils (CRC) have remained the same for June deliveries from Russian and Ukrainian makers after May holidays in order to keep the prices stable. However, most ...
Tags: CIS, Coil, steelmakers
China’s government officials began the year with assurances to the world that 2013 would mark a new era of food safety. The bureaucrats were still patting each other on the back, when in March, a flotilla of 16,000 dead hogs bobbed ...
Tags: Food Safety, China
Oil futures closed out the week in higher territory Friday, boosted by a strong equities performance even as the US Dollar Index climbed to a 34-month high. NYMEX June crude settled 86 cents higher at $96.02/b, after ranging from a low of ...
Tags: Oil Futures, Strong Equities