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Jan 8, 2012

Stocks and Markets in the News | Latest Asia news - Market Watch



Stocks and Market in the News | Hong Kong Gold Futures:Gold prices slip further on rising U.S. dollar

By V. Phani Kumar, MarketWatch 
 
HONG KONG (MarketWatch) — Gold futures declined in electronic trade during Asian hours Monday, extending their slide after recent advances, as the U.S. dollar strengthened against the backdrop of worries over European debt troubles. 


The precious metal’s Comex contract for February delivery GC2G -0.53%  lost $7.80, or 0.5%, to $1,609 an ounce. 

The losses came on top of a decline for gold during the regular session on the Comex division of the New York Mercantile Exchange, when it snapped a four-session winning streak as the greenback rose against the euro after stronger-than-expected U.S. nonfarm payrolls data. See report on Friday moves for gold. 
 
The U.S. dollar index DXY +0.20% , which measures the greenback against a basket of six major currencies, rose to 81.383 Monday from 81.244 in North America late Friday. 

The drop in gold also came as Asian stocks suffered broad declines. Read Asia Markets. 
 
Among other metals, March copper futures HG2H -1.05%  lost 0.8% to $3.41 a pound, and palladium for delivery in the same month PA2H -0.73%  dropped 0.7% to $509.50 an ounce. 

April platinum futures PL2J -0.44%  declined 0.6% to $1,399.90 an ounce, while March silver futures SI2H +0.13%  added 0.2% to $28.73 an ounce. 

Varahabhotla Phani Kumar is a reporter in MarketWatch's Hong Kong bureau.

GATA | THE GATA DISPATCH: Gene Arensberg: Silver, you ain't seen nothin' yet

Gene Arensberg: Silver, you ain't seen nothin' yet

6:10p ET Sunday, January 8, 2012

Dear Friend of GATA and Gold (and Silver):

The Got Gold Report's Gene Arensberg gets out his charts tonight and sees an explosion building for silver. His commentary is headlined "Silver, You Ain't Seen Nothin' Yet" and it's posted in the clear at the

Got Gold Report here:
http://www.gotgoldreport.com/2012/01/got-gold-report-silver-you-aint-see...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

Financial and Forex Info News | The Australian Business Briefing Update: Retail sales miss expectations








 

Retail sales miss expectations
Geoffrey Rogow RETAIL sales rose very slightly to a lower-than-expected seasonally adjusted $20.933 billion in November from $20.927bn in October.
 
Spotless sets takeover price
Gavin Lower SPOTLESS Group says its board would recommend a takeover bid of at least $2.80 a share from Pacific Equity Partners.
 
New home sales jump
Enda Curran SALES of new Australian homes leapt 6.8 per cent last November, spurred by the central bank's easing of interest rates.
 
China fears local debt crisis
Leo Lewis CHINA wants a risk warning mechanism to defend its financial system amid concern over a domestic debt crisis.
 
Stocks edge lower amid Europe concerns
Sarah Turner Shares edge lower as concerns about Europe and weaker-than-expected Australian retail sales data counter an improvement in US economic data.
 
Sleepless CEO to delegate more
Patrick Hosking LLOYDS Bank CEO Antonio Horta-Osorio returns to work today after two months off due to insomnia, promising to delegate more.
 
Rolls-Royce breaks sales record
Robert Lea ROLLS-ROYCE smashed its record for luxury car sales to report the company's best performance in 106 years.
 
Monti plans strong Italian surplus
Sabrina Cohen MARIO Monti ruled out more cost-cutting in Italy as he forecast a surplus that is likely to be the currency grouping's highest.
 
Financial Markets
Stocks edge lower amid Europe concerns
Sarah Turner Shares edge lower as concerns about Europe and weaker-than-expected Australian retail sales data counter an improvement in US economic data.
 
Stocks waver as US, Europe eyed
Dollar lower as Europe clouds
 
Financial Markets Coverage
 
Mining & Energy
New row looming over MRRT
Sarah-Jane Tasker AUSTRALIA'S peak mining industry body has set the scene for a renewed debate on the mining tax.
 
Qantas bulks up for mine boom
Crude oil futures fall
 
More Mining & Energy


Smartcompany News and Analysis: Gerry Harvey: No incentive to open new stores, Manufacturer in receivership, What to expect from the Consumer Electronics Show, New home sales up

smart company logo image



Today on SmartCompany we hear two very different positions on Australia’s retail sector. In the red corner, Gerry Harvey has declared there is no incentive to open new stores in Australia. In the blue corner is Phil Green, founder of Topshop, who has plans to open another nine stores here after launching last year. The message? Even retail veterans are struggling to see through the sector’s current issues.

We also take a look at the upcoming CES show, examine the collapse of a manufacturer and in Entrepreneur Watch, James Thomson explains why profit may trump growth this year.

Entrepreneurs
Ten entrepreneurs to watch in 2012
We present the top 10 fledgling entrepreneurs and start-up industry players you should watch out for in 2012. BY MICHELLE HAMMOND.
Ten to watch

Wealth
Seven ways the young rich are doing it differently
The new entrepreneurs on the Young Rich list have some very different ideas about building an empire. Here are seven of their strategies. BY JAMES THOMSON.
Seven ways the young rich are doing it differently

Aunty B
Should I ban the sweets?
Turn it into a occupational health and safety issue – which it is.
Aunty B

Selling
Sue Barrett
This year I am celebrating “clarity” as my cornerstone in business; which I believe is the most important idea in any business.
Sue Barrett

Enterprise Leadership
Dennis Roberts
How can you ensure you get what you want while still retaining your integrity?
Dennis Roberts

Retail trends
Kevin Moore
This week, in one of the top pharmacies in the country, I encountered the incredible power that brands still hold in the minds of shoppers.
Kevin Moore

Entrepreneur Watch
James Thomson
In a slow-growth environment, managing for profitability is going to become a key focus for entrepreneurs.