Aluminium-maker Alcoa to cut 15,000 jobs Alcoa imposed a global salary and hiring freeze as it seeks to cope with what chief executive officer Klaus Kleinfeld called 'extraordinary times.' The cuts, the third in as many months, come less than
Crude oil futures trade down Crude oil futures slipped more than 2% in the Indian future market as rising uncertainty about slowdown in the US Economy grabbed the nerves of energy market on account of possible demand loss. At the
Further smart rise in metal prices on higher LME advices (Asia Pulse Data Source via COMTEX) -- Prices of copper, nickel, tin, zinc, brass and aluminium firmed up smartly on the non-ferrous metal market here today on sustained industrial demand coupled with
Opec calls special meeting Iran's Opec representative Mohammad Ali Khatibi said on Monday that the organisation would hold an extraordinary meeting in Kuwait in February, state television website reported. 'The extraordinary meeting
Aditya Birla says shuts Australian copper mineĀ 26 mins ago SYDNEY, Jan 7 (Reuters) - Australian-listed Aditya Birla Minerals Ltd has placed its Mt Gordon copper mine in the northeastern state of Queensland on care and maintenance because of low copper prices,
China may not build up steel reserves BEIJING: China is likely to give up a plan to build up state reserves in steel as the government and industry association have found it to be an impractical task, state media reported on Wednesday. Beijing
Gold falls on firmer dollar By Risa Maeda TOKYO (Reuters) - Gold fell on Wednesday as a stronger dollar versus the euro and gains in share prices reduced bullion's allure as an alternative asset, while platinum extended its rise
Kuwait, Qatar to reduce Asia oil shipments this month (MENAFN) Reuters reported that Kuwait and Qatar plan to cut crude oil shipments to Asia starting in January, in line with a 14 percent reduction that Opec announced in December. Kuwait, Opec's third-largest
Russian gas flows halted completely Gas supplies through the main import and transit pipeline from Russia to the Czech Republic and Western Europe had been halted completely overnight, the Czech importer RWE Transgas said today. 'The main
Gold falls as greenback firms Gold fell on Wednesday as a stronger US dollar versus the euro and gains in share prices reduced the metal's appeal as an alternative asset. Gold had been well underpinned late last year when demand concerns
Miners lead in Asia as metal prices jump SINGAPORE (Menafn - MarketWatch) -- Asian shares were solidly higher Wednesday after another gain on Wall Street, with resource stocks powering ahead on a recovery in prices for base metals and gold.
Record growth for Dubai Gold & Commodities Exchange in 2008 (MENAFN - Khaleej Times) The Middle East's leading derivatives exchange underlined its offering with a robust overall performance in 2008. The Dubai Gold & Commodities Exchange (DGCX) posted strong growth
Opec production cuts boost prices Oil prices rose above $50 a barrel amid a growing belief that the cartel is succeeding in delivering cuts in production
Oil hits $50 as Middle East conflict escalates Oil prices hit the the $50 a barrel level amid escalating violence in the Middle East as fighting between Israel and Hamas showed little prospect of ending quickly
What the analysts think Investment analysts Stephen Roach, Tim Bond, Mohamed El Erian, Ajay Kapur and Jim Paulsen with their views on the year ahead
How will other markets react? Peter Garnham expects euro weakness, Chris Flood says the economic outlook will continue to drive commodities, while credit markets still price in the worst, says Paul J Davies
A fledgling return for risk During recessions stocks typically bottom and start rallying ahead of economic recovery. Michael Mackenzie assesses the chances of a rally in 2009
Commodity markets in worst annual fall Oil and gold rose in the final trading hours of 2008 as investors reflected on the worst year for commodity markets since modern records began
