| Silver also moved down moderately on lack of demand from industrial ...
Gold declined in Asia today as a strengthening dollar reduced the appeal of the precious metals as an alternative investment.
Gold prices eased to to 809.90 dollar an ounce and silver was little changed at 14.38 dollar an ounce. February-delivery gold on the Comex division of the New York Mercantile Exchange fell 1.90 dollar to 813.50 dollar.
.
Dollar firmer on US rate cut hopes
THE dollar closed firmer today, but struggled to sail above $US0.8900, as record low US new home sales data boosted expectations of another American interest rate cut. At 5pm AEDT, the dollar was trading at $US0.8880/84, up from Friday's close of 0.8837/43, but only a touch up from its opening of 0.8880. During today's session, the domestic currency traded between a low of $US0.8863 and a high of 0.8896. ANZ market strategist Sally Auld said the local unit gained a modest boost today from growing expectations the US would cut interest rates again as the Reserve Bank of Australia contemplated raising its rates. "It just reinforces the story that support for the Australian dollar will be the interest rate differential," she said. "Here in Australia, we have seen nasty inflation shore up expectations of another rate rise." Expectations for another US interest rate easing firmed today after American new home sales in the year to December were reported to have fallen to their worst level since records began in 1963.
Can a shiny lip gloss slim your hips?
It's playing with nutritional science in a "girly kind of way," he says. The fruit-flavored lip gloss may taste yummy, but don't expect to get skinny hips from shiny lips, experts say. "There's no magic bullet in any of the ingredients, says Joy Bauer, TODAY's nutrition expert and author of "Food Cures" (Rodale, 2007). "If dieting were as easy as putting on lip gloss or downing a drink, we would not be dealing with such an obesity problem, and everybody would be a size 2." Oreos could blow the benefit
Bauer notes that there's no hard evidence linking these products to weight loss, although Coke and Nestlé, which market the diet green-tea drink Enviga, tout their small 2007 study. In a three-day study with 31 healthy men and women, the companies found that Enviga drinkers burned 106 more calories than participants who drank a plain beverage.
Change of guard: Bhave new SEBI chief
NEW DELHI: The government on Thursday night appointed National Securities Depository Ltd chairman & managing director Chandrasekhar Bhaskar Bhave as the sixth chairman of the Securities and Exchange Board of India.
An official notification is expected on Friday to enable Bhave, a former bureaucrat to take over from M Damodaran who completes his three-year term this weekend. "The file has gone back to finance ministry with all required clearances," said an official.
In its later capital editions on Thursday, TOI had reported that the 57-year-old electrical engineer was likely to be appointed as the new Sebi chief pipping others, including Damodaran.
Bhave's appointment has already made errant brokers and fund managers jittery since he is known for his no-nonsense image.
LME seeks profitable billet with steel contracts
When the London Metal Exchange launched its aluminium contract in 1978, it faced bitter opposition from producers who considered it an unwelcome financial innovation. It was even rumoured that Krome George, chairman of Alcoa, had threatened to dismiss anyone who suggested using the contract. .
Bush Admits Economy Faces Challenges
We cannot take growth for granted," Mr. Bush said in a speech to a group of business leaders in which he acknowledged that "recent economic indicators have become increasingly mixed." But even after a government report on Friday that showed unemployment jumped to 5 percent last month from 4.7 percent in November, Mr. Bush stopped short of warning that the nation may be about to enter a recession. Democrats in Congress and on the campaign trail echoed the president's sobering view. With a number of analysts now predicting that an economic downturn could be imminent, both Mr. Bush and Congressional Democratic leaders say they are considering whether a rescue package is necessary to counter the threat of a recession, in which economic activity declines and joblessness increases over an extended period of time.
Lenny Kravitz Hospitalized; Postpones Tour
Kravitz's European trip will be rescheduled as soon as possible, Donovan said. His first stop was scheduled for London next Monday, followed by a performance in Brussels, Belgium. Copyright 2008 by The Associated Press. All rights reserved.
This material may not be published, broadcast, rewritten or redistributed. .
Long road to a livelihood
At first they drove the hour-and-15-minute commute on their own. Then they formed loose car pools to share the burden of the drive and tolls. Eventually some of them decided that even the car pool was too much. And that's where Ben Harvin stepped in.
Harvin has worked at GM for 39 years, starting on Broening Highway's assembly line in 1969. When the plant closed, he bought a van (GMC, of course), thinking that he might become a private transportation provider. But the offer to transfer to Delaware came. He took the transfer and figured he might as well take a few friends with him.
Now, Harvin and six to eight passengers, depending on the day, meet at the White Marsh Park and Ride at 12:45 p.m. and ride together to Newport. When their shift ends at 10:30 p.m., they climb into the van and head home.
Exim Bank upgrades Pakistan’s rating
Despite the payment of Rs 8 billion to Oil Marketing Companies (OMCs) the price differential claims would reach Rs 52 billion by the end of current fortnight, sources told Daily Times on Monday. Sources said that though government has paid differential claims...
.
|
