Gold edges higher as dollar falls

August 11, 2009 10:04 pm· Comments Off on Gold edges higher as dollar falls 

CHICAGO, Aug. 12 — Gold futures on the COMEX Division of the New York Mercantile Exchange ended higher for the first session in five on Tuesday, as dollar went down and investors have been waiting for the Fed Reserve's attitude on the economy. Silver and platinum both ended a little lower.

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Wall Street tumbles as financial stocks dive

August 11, 2009 10:04 pm· Comments Off on Wall Street tumbles as financial stocks dive 

NEW YORK, Aug. 12 — Wall Street tumbled on Tuesday due to a dive of financial stocks as investors awaited the U.S. Federal Reserve's two-day meeting on key interest rates.

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Oil drops below $ 70 on demand worries

August 11, 2009 10:04 pm· Comments Off on Oil drops below $ 70 on demand worries 

NEW YORK, Aug. 12 — Oil prices fell below 70 U.S. dollars a barrel on Tuesday as the U.S. government lowered its forecast for the 2009 global oil demand.

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U.S. exerts financial sanctions on DPRK's bank

August 11, 2009 10:04 pm· Comments Off on U.S. exerts financial sanctions on DPRK's bank 

WASHINGTON, Aug. 12 — The Obama administration on Tuesday announced that the United States will exert sanctions on the Korea Kwangson Banking Corp (KKBC) for providing financial services to the nuclear program and the missile program of the Democratic People's Republic of Korea (DPRK).

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Personal bankruptcies soar in Canada

August 11, 2009 10:04 pm· Comments Off on Personal bankruptcies soar in Canada 

OTTAWA, Aug. 12 — The number of Canadian personal bankruptcies soared in June, due to high unemployment and debt, a government agency said in a report on Tuesday.

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S. Korea likely to host G-20 summit next year: presidential adviser

August 11, 2009 10:04 pm· Comments Off on S. Korea likely to host G-20 summit next year: presidential adviser 

JEJU ISLAND, Aug. 12 — South Korea is likely to host a summit of the world's 20 largest economies that is expected to be held next spring, a senior economic policy aide to President Lee Myung-bak said Wednesday.

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Downside risks remain amid recovery signs: finance minister

August 11, 2009 10:04 pm· Comments Off on Downside risks remain amid recovery signs: finance minister 

SEOUL, Aug. 12 — The global economy is showing signs of a pickup, led by advanced nations but downside risks linger, weighing on South Korea's export-driven economy, Seoul's top economic policymaker said Wednesday.

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Seoul shares open lower on Wall street falls

August 11, 2009 10:04 pm· Comments Off on Seoul shares open lower on Wall street falls 

SEOUL, Aug. 12 — South Korean shares started lower Wednesday as investors dumped financials following overnight Wall Street falls, analysts said.

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Brunei’s Halal Brand project to feature in two-day exporters’ forum in Davao City

August 11, 2009 10:04 pm· Comments Off on Brunei’s Halal Brand project to feature in two-day exporters’ forum in Davao City 

DAVAO CITY, Aug. 12 — The Halal Brand Project of Brunei Darussalam will be featured in the two-day Exporters’ Forum slated on August 13 and 14 at the mini-theater of the Bangko Sentral ng Pilipinas (BSP) in Davao City.

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Mindanao trade expo to display cheap exportable products

August 11, 2009 10:04 pm· Comments Off on Mindanao trade expo to display cheap exportable products 

DAVAO CITY, Aug. 12 – Cheap exportable products will be displayed during the four-day Mindanao Trade Expo 2009 (MTE 2009) on August 13 to 19 at the lobby and second level of the Bangko Sentral ng Pilipinas (BSP) building in Davao City.

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