IBTimes.com : Top News

Copper Needs Chinese Infra Spend

Thu, 24 May 2012 05:40:12 IST

By Jonathan BarrattCopper has come under tremendous pressure from the recent fallout in Greece and the continual slowdown in China.

NT Tourism at Risk with Cutback of Qantas, Jetstar Services

Thu, 24 May 2012 05:20:57 IST

Besides Qantas aircraft maintenance engineers who were at the receiving end this week of Chief Executive Alan Joyce's ax, another victim to the announced revamp of the flag carrier would be the tourism sector in the Northern Territory.

Marvel Comics Plans First Ever “Gay Wedding”

Thu, 24 May 2012 05:11:09 IST

Marvel is set to do another groundbreaking move.

BoE's Bailey says free banking may have to end

Thu, 24 May 2012 04:51:03 IST

Public intervention could increase competition in UK banking and end the "dangerous myth" of free accounts, which may be fuelling product mis-selling, a top Bank of England official said on Thursday.

Daily Forex Foracast 05/25/2012

Thu, 24 May 2012 04:38:37 IST

Fears of an impending Greek exit from the euro sent markets into a tail spin yesterday, the euro breaking critical support levels and taking the Australian Dollar down with it.

Gina Rinehart Gets World’s Richest Woman Title, but Fails to Snag Seat in Fairfax Board

Thu, 24 May 2012 04:32:54 IST

Australian mining mogul Gina Rinehart may have just snagged on Wednesday the title World's Richest Woman, but her earning more than $1 million every 30 minutes was not impressive enough to gain her a seat in Fairfax Media board.

EU Morning Report- Japan policy on hold, eyes on BoE minutes

Wed, 23 May 2012 11:41:00 IST

The euro (EUR) dropped near a 21-month low falling to 1.2645 from 1.2814 against the US dollar as risk aversion dominates the markets.

Global Markets Overview - 05/24/2012

Thu, 24 May 2012 04:31:10 IST

U.S. stocks reversed steep losses to finish the day roughly flat, though European stocks and the euro tumbled to 2012 lows amid growing chatter about a potential Greek exit from the euro zone

First, Do Good When Mining for Gold: Benoit La Salle

Thu, 24 May 2012 04:26:03 IST

Benoit La Salle is the founder, president and CEO of SEMAFO, a mining company that rates its work in sustainability and community building as high as it does its gold production. In an exclusive interview with The Gold Report, La Salle tells investors why they should be looking at both gold and West...

Will 'Peak Gold' Exploration Continue to Grow?: USGS' Micheal George

Thu, 24 May 2012 04:26:02 IST

Global gold production is at an all-time high, according to a new report from the U.S. Geological Survey. In this exclusive interview with The Gold Report, the Survey's Mineral Commodities Specialist Micheal George pinpoints where the gold is coming from and what trends can be expected in the coming years.

First Wiretap Played At Gupta's Insider Trading Trial

Thu, 24 May 2012 04:19:03 IST

A New York jury on Wednesday heard former Goldman director Rajat Gupta on a FBI wiretap casually discussing business with Raj Rajaratnam, the now-imprisoned hedge fund founder he is accused of tipping off about boardroom secrets.

Nebraska Landowners Sue Governor Over Keystone XL Pipeline Constitutionality

Thu, 24 May 2012 04:18:18 IST

The national debate on the Keystone XL pipeline enters the courtroom, as Nebraska landowners sue their state over how the pipeline project could be approved.

Asia Preview Gold, Silver, Copper and Crude Oil Trade

Thu, 24 May 2012 04:17:30 IST

Asia looks at Gold, Silver, Copper and Crude Oil Trade. US Gold futures prices finished pit trade sharply lower on Wednesday as the Bulls faded after showing a bit of strength late last week. Precious metals, like other raw commodity markets, were pressured by risk-aversion in the market Wednesday, including Bearish outside markets a sharply higher USD Index and sharply lower Crude Oil prices.

Romney, Obama and the Economy

Thu, 24 May 2012 04:14:41 IST

Voters were evenly divided between Republican Presidential candidate Mitt Romney and US President Barack Obama, a Democrat on handling the economy, the top concern of voters, according to a new poll published Tuesday. A survey conducted by The Washington Post and ABC News Thursday through Sunday showed that the Democratic incumbent and his Republican challenger were tied at 47% on the US economy.

‘Fifty Shades’ Trilogy Passes 10 Million Mark, Publisher Expects Sales To Keep Rising

Thu, 24 May 2012 03:55:22 IST

Have you read “Fifty Shades of Grey?”

Robert Pattinson Shocks Cannes By Showing Up For Kristen Stewart’s 'On The Road' Premiere

Thu, 24 May 2012 03:51:21 IST

Robert Pattinson's latest film -- "Cosmopolis" -- doesn't premiere at the Cannes Film Festival until Friday, but the actor headed to the seaside festival early to support his girlfriend Kristen Stewart - whose film "On the Road" premiered Wednesday.

Wall Street finishes flat in late reversal

Thu, 24 May 2012 03:44:03 IST

Stocks staged a late-day reversal on Wednesday, rallying into the close in another volatile session as a sharp rise in materials shares boosted the S&P 500 and gains in Apple helped lift the Nasdaq.

BARCELONA TRANSFER NEWS: Neymar, Bale, Silva, Zabaleta, Jose Angel Involved In Latest Speculation

Thu, 24 May 2012 03:27:13 IST

All the latest news involving Barcelona's transfer targets this summer.

Philippines Gets Support From Japan, Others Against China

Thu, 24 May 2012 03:05:16 IST

The Philippines is getting ships and assistance from other countries as it faces off against China, but it's still a far cry from matching Beijing's military capabilities

Spain bails out Bankia, seeks plan for troubled regions

Thu, 24 May 2012 03:05:02 IST

Spain announced a 9-billion-euro (7.22 billion pounds) bailout for troubled lender Bankia on Wednesday, while also seeking ways to help its highly indebted regions meet huge refinancing needs that threaten to drag the country deeper into the euro zone crisis.

Goldman sets $40 billion clean energy investment plan

Thu, 24 May 2012 02:58:03 IST

Goldman Sachs Group Inc plans to channel investments totalling $40 billion (25.49 billion pounds) over the next decade into renewable energy projects, an area the investment bank called one of the biggest profit opportunities since its economists got excited about emerging markets in 2001.

Bethlehem Seal Discovered In Israel, Said To Be Oldest Mention Of Jesus' Town

Thu, 24 May 2012 02:54:29 IST

Israeli archaeologists discovered a 2,700-year-old seal with the word "Bethlehem" inscribed upon it, the Israel Antiquities Authority announced on Wednesday. This artifact is believed to be the oldest object ever discovered bearing the name of Jesus' traditional place of birth.

U.S. stocks recover late, euro falls

Thu, 24 May 2012 02:44:02 IST

Wall Street stocks staged a late recovery and the euro flirted with a near two-year low on Wednesday as investors remained on edge about Greece's possible exit from the euro zone, which threatened to deepen the region's debt crisis and hurt an already fragile global recovery.

Gasoline Prices Falling With Crude, But Price At The Pump Still Too High, Says Oil Trade Group

Thu, 24 May 2012 02:34:47 IST

The American Petroleum Institute on Wednesday again called on Washington to increase domestic production of oil on both federal and public lands, to help consumers by bringing gasoline prices down even further.

How Does An Accelerometer Work In A Smartphone? Bill Hammack, "The Engineer Guy," Explains [FULL TEXT]

Thu, 24 May 2012 02:31:19 IST

Accelerometers are devices that can measure acceleration, but in smartphones, they're able to detect changes in orientation and tell the screen to rotate. Basically, it knows up from down. Even though they're one of the most important smartphone features, we barely notice them. That's where Bill Hammack, a.k.a. "The Engineer Guy," comes in.

The Veiled Plight Of The European Roma: New Report Calls For End To Discrimination

Thu, 24 May 2012 02:30:43 IST

For centuries, the Roma people have been marginalized and misunderstood by their European neighbors. A new report by the European Agency for Fundamental Rights (FRA) sheds light on this age-old human rights issue.

9,000-Year-Old Limestone Mask Up For Auction, Expected To Fetch $400K To $600K

Thu, 24 May 2012 02:27:46 IST

A 9,000-year-old limestone mask is expected to fetch between $400,000 and $600,000 when it goes up for auction in New York City next month.

Wall Street ends flat in late-day reversal

Thu, 24 May 2012 02:26:03 IST

Stocks staged a late-day reversal on Wednesday, rallying into the close as a sharp rise in materials shares boosted the S&P 500 and gains in Apple helped lift the Nasdaq.

Scientists Unveil New Cheap Solar Cell Design

Thu, 24 May 2012 02:22:47 IST

Northwestern University scientists think they've solved a problem with cheap solar cells by swapping a corrosive liquid for a thin metal film.

Apple’s Siri Bashes Chris Brown, Watch Funny Commercial Spoof That Went Viral [VIDEO]

Thu, 24 May 2012 02:18:24 IST

Chris Brown has certainly stirred controversy in the past after his abusive relationship with R&B pop sensation Rihanna. But receiving criticism from technology is something new for the Grammy winner. The latest parody from Jest pokes fun at Chris Brown through a fictional Siri ad. In the video, Apple's virtual personal assistant makes clever quips at the singer in response to his requests.