Multi-channel electronic retailer Gems TV (USA) Ltd. has filed for Chapter 11 bankruptcy protection, a month after the company announced it was ceasing operations while its parent company bid to acquire a stake in rival Jewelry Television.
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Wednesday in Singapore, bullion prices drifted higher on renewed worries about debt-ridden Greece and volatile currencies that boosted the metal’s safe-haven appeal, while platinum caught up with its palladium to hit its strongest level since August
The respected World Gold Council has issued a report on the Chinese gold market. In it, WGC points out that, local Chinese consumers are well aware of gold’s benefit as a store of value and that jewelry has always been regarded by Chinese buyers as an
Just in time for the eater bunny, gold, silver platinum and palladium all hoped up out of their bullish technical formations. Finally, it appears that they are on the move with gold likely on it’s way to new all-time highs in the next while and silver
Jiangxi Copper eyes overseas M&A opportunities (China Knowledge) Counter: Jiangxi Copper Co Ltd, the largest integrated copper producer in mainland China, on Wednesday said that it is seeking opportunities to buy overseas copper assets, sources reported.
China will reform its resource and property taxes this year, the finance ministry said on Tuesday, reaffirming its commitment to long-debated changes that some observers think may be just around the corner. The ministry said in a statement that
(RTTNews) – Massey Energy Co. (MEE) Tuesday confirmed the death of twenty-five miners in a tragic explosion at its Upper Big Branch Mine in West Virginia. As per reports, about 31 workers were in the area at the time of the blast that occurred on Monday
SINGAPORE — Asian stock markets were mostly higher Wednesday amid expectations low global interest rates will continue to fuel strong economic growth. Japan’s Nikkei 225 stock average rose 0.4 percent to 11,321.29 ahead of the central bank’s latest
TOP MARKET NEWS (RTTNews) – Australia’s Macarthur Coal Ltd. (MACDF.PK: News ,MCC.AX: News ) has on Tuesday also rejected a sweetened acquisition offer of A$14 per share in cash by U.S. coal miner Peabody Energy’s (BTU: News ). The Macarthur board has
Gold firmed on Wednesday as renewed worries about debt-ridden Greece and volatile currencies boosted the metal’s safe-haven appeal, while platinum caught up with its sister metal to hit its strongest since August 2008. While bullion hovered above the
The Premier Colin Barnett says he expects BHP Billiton and Rio Tinto to begin making full royalty payments to the state from July 1st. The two iron ore companies have received a concession on royalties under a State Agreement signed in the 1960′s. Mr
SYDNEY: Asian stocks neared 22-month highs on Wednesday as regional investors largely shrugged off festering worries about fiscal problems in Europe and focused on a recovery in the world economy. The upbeat mood about global growth was also reflected in
XIANGNING, China (AFP) Problems mounted for rescuers searching for survivors in a flooded China mine Wednesday, with officials warning of a toxic gas build-up, as the death toll rose to seven. Cramped conditions and the risk of a gas explosion in the
By Jon Hurdle and Joe Rauch MONTCOAL, West Virginia (Reuters) – Drills boring into a West Virginia coal mine on Wednesday carried hope for a ‘miracle’ rescue of four miners missing after a blast killed 25 people in the worst U.S. mine disaster in a
* BHP says restarts ship-loading at Australian coal terminal * Force majeure still in effect on some shipments (Adds details, quote) SYDNEY, April 7 (Reuters) – BHP Billiton, the world’s largest coking coal exporter, has restarted ship loading at its Hay
The recent retirement of Don Argus as chairman of BHP Billiton has brought a predictable sea of tributes from a wide array of sources.
Interest rate futures listed on NYSE Liffe U.S. will benefit from the powerful operational and capital efficiencies achieved through the NYPC clearing solution. NYPC will deliver unique capital efficiencies achieved by calculating margin requirements
April 7 — Gold gained for a third day on speculation that the Federal Reserve will keep its benchmark interest rate at a record low to safeguard the economic recovery, spurring demand for bullion as an alternative investment.
Macarthur Coal Ltd. on Wednesday rejected a $3.3 billion takeover bid by U.S.-based Peabody Energy, saying it was too low despite an increase over an earlier offer. Macarthur, a major exporter of pulverized coal used by steelmakers, said its board
THE JSE closed in the black yesterday, boosted by firm commodity prices. At 5pm, the JSE all share index was up 1,2%, with resources up 1,69%, gold miners up 3,51% and platinum miners 1,99% firmer. Banks were 1,32% stronger, financials were 1,03% better
The Fed’s minutes reveal there are fears the recovery may run out of steam later in the year … commodity prices are rising and no, its not the bubble we saw two years ago … China’s economy will start slowing this year, while Greece is still a basket