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Mon, 12 December 2011 06:33:50

India's Output Drop Drives Currency Lower on Rate Bets: Economy

India’s industrial output shrank for the first time in 28 months, pushing stocks and the rupee lower on concern faltering growth will force the central bank to suspend its fight against the fastest inflation in BRIC nations.Production at factories, utilities and mines fell 5.1 percent from a year earlier in October, the government reported today. The slide exceeded the median of 24 estimates in a Bloomberg News survey for a 0.7 percent drop. Output was down 3.3 percent from Septembe..

 

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Wed, 07 December 2011 03:30:09

Outlook For Global Gambling Market

New research from the UK office of audit, assurance, advisory and tax services firm PriceWaterhouseCoopers International has forecast that the global casino and online gaming market is set to grow at a compound annual rate of 9.2 percent over the next five years to $182.8 billion by 2015.Analysis from PriceWaterhouseCoopers predicts that spending in the United States on casino and online gambling activities will rise by five percent from $57.5 billion in 2010 to $73.3 billion in 2015 while the A..

 

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Thu, 01 December 2011 05:34:54

U.S. stock futures signal lower open, Yahoo eyed

* U.S. stock index futures pointed to a weaker open on Wall Street on Thursday, with futures for the S&P 500 down 0.5 percent, Dow Jones futures down 0.4 percent and Nasdaq 100 futures down 0.2 percent at 0937 GMT.* Yahoo will be in the spotlight after a source told Reuters Blackstone Group and Bain Capital are preparing a bid for all of the company with Asian partners in a deal that could value Yahoo at about $25 billion. Yahoo's stock, traded in Frankfurt, was up 7.1 percent.* The Labor D..

 

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Tue, 29 November 2011 18:23:36

Gold Prices Steady as Traders Eye Euro

Gold futures carved out a small gain, following the euro higher as currency trading continued to dominate price direction in the precious-metals market.The contract for December delivery gained $2.60, or 0.2%, to settle at $1,713.40 per troy ounce on the Comex division of the New York Mercantile Exchange. It was the front-month contract's highest settlement since Nov. 18.Gold tracked movements in the euro, which edged higher in afternoon trading as market participants awaited more news from the..

 

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