FACTBOX - Asian central banks take divergent views on gold

posted at Reuters by alviataylor(1039) 25 days ago

Reuters - The International Monetary Fund has sold 200 tonnes of gold to the Reserve Bank of India for $6.7 billion, quietly executing half of a long-planned bullion sale that has threatened to slow gold's ascent. The sale, which surprised traders who expected China to be the leading buyer, will relieve the gold market of some uncertainty over how and when the IMF would sell 403.3 tonnes

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Colbert goes for gold, sponsors US speedskating

posted at Ap 25 days ago

NEW YORK (AP) -- Of the many countries participating at the Vancouver Olympics, add Colbert Nation to the list. On Monday's "The Colbert Report," Stephen Colbert announced his show has become the primary sponsor of the U.S. Speedskating team. The team's largest annual cash sponsor, DSB Bank NV, left the team in the lurch after it .. more »

Reuters Summit - Carmakers see stability and uncertainty

posted at Reuters 26 days ago

DETROIT/PARIS (Reuters) - Ford, Renault, Peugeot, Toyota and BMW signaled on Monday that the automotive sector is stabilizing, but most stopped short of predicting a rebound next year. Ford Motor Co surprised Wall Street with a quarterly profit and raised its 2011 outlook to "solidly profitable". The U.S. automaker said the third-quarter results .. more »

In a surprise move, RBI buys 200 tonnes of gold worth $6.7-b from IMF

posted at Sify 25 days ago

of some uncertainty over how and when the IMF would sell 403.3 tonnes of gold, about one-eighth of its total stock. The.. more »

TIMELINE - Global auto industry struggles since crisis hits

posted at Reuters 26 days ago

REUTERS - French carmakers speaking at the Reuters Autos Summit said they expected strong sales in the final months of 2009 as drivers flock to take advantage of government scrapping schemes before year end. Below are some of the key events in a year of turmoil for the car industry: Jan. 13, 2009 - Germany unveils a 1.5 billion euro ($2.2 billion) .. more »