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Gold edged above $1,200 an ounce on Thursday as equities weakened, but the safe-haven metal retained most of its losses from a three-day decline on robust U.S. economic data and strength in the dollar.FUNDAMENTALS* Spot gold had ticked up 0.3 percent to $1,202.65 an ounce by 0035 GMT, after losing 1 percent in the last three sessions.* The metal fell on Wednesday after data showed U.S. private employers ...
Gold prices fell on Wednesday, heading for a third day of losses, as the dollar extended gains versus the euro after U.S. economic data.Data on Wednesday showed U.S. private employers added 212,000 jobs in February, while January's private payrolls were revised upwards to 250,000.Spot gold , higher initially, fell 0.3 percent to $1,199.80 an ounce by 2:47 p.m. EST (1947 GMT). The metal had fallen to ...
By Richard Leong NEW YORK (Reuters) - The euro fell to an 11 1/2-year low against the dollar as U.S. and euro zone bond prices rose on Thursday, after the European Central Bank spelled out its 1 trillion-euro stimulus plan that begins next Monday. Wall Street and European stock prices were supported by the ECB's latest effort to jumpstart the struggling euro zone economy, which has been a drag ...
By Chuck Mikolajczak NEW YORK (Reuters) - U.S. stocks were little changed on Thursday, in the wake of two days of declines on the S&P 500, as economic data did little to alter expectations on the timing of an interest rate hike by the Federal Reserve. Initial jobless claims rose to 320,000 in the latest week, above the 295,000 estimate and 313,000 in the prior week. The disappointing claims numbers ...
Emerging markets' output growth rose to a 5-month high in February, and manufacturing as well as services sector in India expanded at a faster pace than China during the month, an HSBC survey said today.The HSBC Emerging Markets Index (EMI), a monthly indicator derived from Purchasing Managers' Index surveys, rose to 51.9, from 51.2 in January, signalling fastest rate of expansion since last September, ...
By Pamela Barbaglia and Neil Maidment LONDON (Reuters) - British government services group Serco expects binding offers for its Indian outsourcing unit in early April, with private equity firms the strongest contenders to lead a management buyout, three sources familiar with the matter said. Serco, which runs one of India's largest business process outsourcing (BPO) firms and has over 60,00 employees, ...
MUMBAI (Reuters) - Stock market index provider FTSE Group has added Bosch and raised the shares of eight other Indian companies, including Yes Bank, to large-caps from mid-cap earlier in its Asia Pacific ex-Japan index. FTSE's changes, which came after a semi-annual review of indices, may lead to net inflows of nearly $150 million in Indian shares and may help soothe worries about huge India overweight ...
MUMBAI, March 5 (Reuters) - Stock market index provider FTSE Group has added Bosch and raised the shares of eight other Indian companies, including Yes Bank, to large-caps from mid-cap earlier in its Asia Pacific ex-Japan index. FTSE's changes, which came after a semi-annual review of indices, may lead to net inflows of nearly $150 million in Indian shares and may help soothe worries about huge ...
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