Pakistanis living abroad have send nearly $5.7 billion between July 2009 to February 2010, nearly 17 percent increase from the monies transfered during the same period in previous fiscal year. Last year non-resident Pakistanis had sent $4.9 billion. For economies like Pakistan, funds repatriated by non-residents to family and friends back home, provide the most tangible [...]
The U.S. dollar weakened on Monday while currencies of India, China, Brazil, and Euro gained strength as analysts across the globe predicted that the emerging economies will recover sooner than the US economy from the worst recession in last sixty years.
The announcement Friday by the Labor Department that the U.S. lost 85,000 jobs in December is causing some concern that the U.S. economic recovery is faltering.
Potash, a mineral vital to farmers worldwide, has been a very unpredictable industry in recent past. Priced at $1000 a ton in 2008 during its peak years, Potash is now being priced at $350 in the settlement of a Chinese contract. It is this contract, however, which might just save the industry from recent woes.
Industrial metals led the Index in 2009 with a gain of 82.42% as recorded by the S&P GSCI Industrial Metals Index. For the decade, the S&P GSCI posted a cumulative total return of 63.69% led by a 265.84% increase in the S&P GSCI Precious Metals Index.
The US domestic production from federal onshore oil and gas wells makes up 11% of US natural gas supplies and 5% of the country’s oil. The Obama administration is already in the midst of a fight with the oil and gas industry over proposals to raise billions of dollars. This is as additional taxes from energy companies.
Stocks had begun the year with a strong start, with the Dow rallying 155.91 points, or 1.5%, on Monday and the S&P 500 and Nasdaq producing comparable percentage gains. Investors are watching the market moves especially closely because January is generally seen as a harbinger of stocks’ performance for the rest of the year.
The Israel Diamond Institute Group of Companies (IDI) has signed a Memorandum of Understanding (MOU) with the All India Gems & Jewellery Trade Federation (GJF) for the establishment of areas of cooperation between the two parties, reports IndiaPRWire Tuesday.
The ISM’s manufacturing purchasing managers’ index reported Monday was above the 54.0 forecasted by economists and the U.S. stocks climbed up on the first trading day of 2010. The dollar lost some esteem and the price of commodities rose.