Last Updated: Wednesday, July 22, 2015, 21:16
The slide was reminiscent of gold`s dramatic retreat in the second quarter of 2013, when prices fell nearly USD 200 in just two days in April, and another 11 percent in June.
Last Updated: Friday, July 17, 2015, 17:51
The dollar looked set for its biggest weekly rise since May on Friday as economic data reinforced expectations of a U.S. interest rate hike this year, with European shares holding steady on the view that Greece will secure a bailout.
Last Updated: Wednesday, July 15, 2015, 18:18
Federal Reserve Chair Janet Yellen said on Wednesday the US central bank remains on track to raise interest rates this year, with labor markets expected to steadily improve and turmoil abroad unlikely to throw the US economy off track.
Last Updated: Tuesday, July 14, 2015, 14:28
India needs to cut red tape and lift limits on FDI to move forward, US Vice President Joe Biden said as he sought a high-standard bilateral investment treaty that would make the world's fastest growing economy a magnet for the American capital and technology.
Last Updated: Saturday, July 11, 2015, 11:04
One of the Federal Reserve`s most dovish officials said on Friday that September may turn out to be the right time to raise interest rates if the U.S. economy continues to improve, and he set a relatively high hurdle for delaying the move until next year.
Last Updated: Thursday, July 2, 2015, 20:33
The Labour Department said that the unemployment rate fell from 5.5 per cent in May.
Last Updated: Wednesday, June 24, 2015, 19:15
The US economy contracted in the first quarter but less than previously estimated as it struggled with bad weather, a strong dollar, spending cuts in the energy sector and disruptions at West Coast ports.
Last Updated: Wednesday, June 24, 2015, 09:29
US stocks scored modest gains Tuesday amid positive US and eurozone data as investors kept a wait-and-see attitude on Greece`s potential debt deal.
Last Updated: Tuesday, June 23, 2015, 15:11
Signs that a deal could be at hand to stave off a Greek default lifted global shares on Tuesday and cut borrowing costs for euro zone countries seen as most vulnerable to the protracted crisis.
Last Updated: Thursday, June 18, 2015, 00:07
The Federal Reserve left its benchmark interest rate unchanged at near zero Wednesday, while describing US economic growth as "moderate" after the winter slowdown.
Last Updated: Thursday, June 18, 2015, 00:05
The US Federal Reserve`s policy arm, the Federal Open Market Committee, issued a statement Wednesday after a two-day meeting announcing it had kept unchanged its benchmark zero-level interest rate.
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