SAN FRANCISCO (MarketWatch) — Gold and copper futures sank Tuesday morning, pulling back from gains seen a day earlier as traders continued to weigh the prospects for global economic recovery. Feb. gold fell $18.50, or 1.4%, to $1,326 an ounce in New York.
NEW YORK (MarketWatch) — Shares of miner Freeport McMoRan Copper and Gold Inc. fell 1.8% on Tuesday as copper futures prices dropped on active commodity markets.
MUMBAI, Nov 7 (GoldTradingCalls.com) Dow futures trading down after October 190,000 jobs cut pushing the unemployment rate above 10 percent.
SAN FRANCISCO (MarketWatch) — Bank of America Corp.
SAN FRANCISCO (MarketWatch) — Pfizer Inc. and Wyeth said late Monday they agreed to divest cetain animal health assets to Boehringer Ingelheim as a result of Pfizer’s pending acquisiiton of Wyeth. Financial terms were not disclosed.
SAN FRANCISCO (MarketWatch) — AMR Corp. , the parent company of American Airlines, said late Monday it plans to offer 30 million shares of common stock in a secondary offering along with $250 million in new notes for general corporate purposes
SAN FRANCISCO (MarketWatch) — U.S. stocks sank Monday, with the S&P 500 and Dow Jones Industrial Average posting their biggest percentage losses since Sept. 1, weighed down by falling commodity prices and profit-taking after the past few weeks’ steep runs
NEW YORK (MarketWatch) — The Thomson Reuters/Jefferies CRB Global Commodity Equity Index Fund on Monday began trading on the New York Stock Exchange. The exchange-traded fund, designed to replicate the half-century-old CRB commodity futures Index , consists of 50 energy stocks, 35 agricultural stocks, 35 base metal stocks and 30 precious metals stocks. The index is “an alternative for investors looking for exposure to commodities without exposure to the commodities futures market,” said Art Hogan, chief market strategist, Jefferies & Co
SAN FRANCISCO (MarketWatch) — Moody’s Investors Service said Monday it may downgrade various ratings of ING Groep NV because of a further probe by the European Commission of an Alt-A Back-up facility provided by the Dutch government. Moody’s has a C+ bank financial strength rating and a Aa3 long-term senior debt ratings on ING Bank NV, and an A1 senior debt rating on ING Groep.
SAN FRANCISCO (MarketWatch) — Royal Bank of Scotland said Monday it is currently in negotiations with the U.K. government to finalize a proposed capital raising plan, but that such a plan is tentative. RBS is reportedly considering selling up to 4 billion pounds, or about $6.5 billion, of B-shares to existing investors to lessen the government’s stake in the bank.
GBPJPY currency pair closes the week with strong upward momentum at USD 129.092.
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