| US Commodities: Gold Up; Platinum Soars; Wheat Down Sharply
In grains trading, most wheat futures closed sharply lower Monday after the exchanges increased margins and daily trading limits and index funds began to roll positions out of nearby contracts, traders and analysts said. Minneapolis Grain Exchange March and May wheat were the exceptions, with the March contract soaring to the new, daily exchange-imposed limit of 60 cents. MGE May wheat ended slightly below limit-up. Chicago Board of Trade March wheat fell 45 cents to $10.48 per bushel. Kansas City Board of Trade March wheat dropped 56 1/2 cents to $10.83 3/4, and MGE March wheat surged 60 cents to $16.13. Activity was volatile after all three exchanges said late Friday they would raise their daily trading limits to 60 cents from 30 cents, effective Sunday.
Govt to promote coal as alternate energy source
Trading at the cotton market remained dull while the spot rates stayed unchanged on back of smooth influx of lint of all qualities during the previous trading week, traders said on Saturday.
The leading players remained eager for quality lint offered by the ginners of Sindh on slightly...
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A progress report card on the ten World Cup stadiums
Progress on the R8,4-billion construction and upgrade of the ten stadiums selected to host the 2010 FIFA World Cup has emerged, rightly or wrongly, as the touchstone for South Africa's readiness to host a world-class event. The developments are also proving to be catalyst for a host of other infrastructure investments, such as the R19-billion for the expansion of airports, as well as the R5,5-billion investment for rail and road network improvements, directly associated with an event that is expected to attract a cumulative television viewership of over 40-billion in more than 200 countries. There is no question that the South African government is alive to the threats and oppor- tunities associated with the spectacle, which will kick off on June 11, 2010, not only for this country, but for the entire continent.
THE HOT 100: Ex-Tiger Maybin, current Tiger Ryan Raburn among players ...
Here's the 12th annual list of Sports Weekly's 100 Names You Need to Know. These are the next wave of players coming into the majors, who, in our view could make the biggest impact during the 2008 season. These aren't necessarily baseball's 100 best prospects. Many top prospects are too far down in the minor leagues to contribute in the majors this season. Others are stuck behind established major leaguers. .
The skill of being different when it comes to buying the 'unloved'
We asked several leading multi-fund managers their strategies for making money in these uncertain times – and what their contrarian bets are at the moment. Gary Potter, Thames River Capital Gary Potter, who runs the recently launched Global Boutiques fund, said the biggest mistake anyone can make is buying a good performance after it has been achieved in the belief that it is going to continue. He said: "A rise in the tide lifts many boats. When the tide comes in, most boats tend to float. But it is when the tide goes out that you know who is left exposed. Investors should also examine in what stock market conditions the performance of a fund was created as these conditions may be very different in the future." Mr Potter said that fund managers have a particular approach and those approaches may not always work.
Nearly 200 Pa. schools, districts received recalled beef
HARRISBURG, Pa. - Philadelphia and Pittsburgh are among nearly 200 Pennsylvania school districts and vocational and religious schools that are affected by the nation's largest beef recall. Agriculture Secretary Dennis Wolff on Tuesday urged the schools as a precaution to destroy any beef they received from a California slaughterhouse that is the subject of an animal-abuse investigation. The U.S. Department of Agriculture has ordered the recall of 143 million pounds of frozen beef from Westland/Hallmark Meat Co., which provided meat to school lunch programs. Wolff says the human health risk from the recalled beef is very low, but it's important for the affected products to be separated from other foods. He says other schools should also check their supplies for recalled beef.
Sharper Image seeks bankruptcy protection
Increasingly, however, high-tech products have lost much of their novelty and become the purview of discounters like Target Corp., Wal-Mart Stores Inc. and Costco Wholesale Corp., said Kurt Barnard, president of Retail Forecasting LLC of New Jersey. The company has also faced competition from stores with similar models, including Brookstone Inc. and Hammacher Schlemmer. "The Sharper Image is no longer alone in pioneering the field of new and exciting items," Barnard said. "They have found it increasingly difficult over the last couple of years to hold onto their customers." The slowing economy and growing fears of a recession are contributing to the company's woes, as shoppers become increasingly cost conscious, said Nina Gruen, executive vice president and co-founder of San Francisco research firm Gruen Gruen + Associates.
What a society we have become!!!
Based on the knee-jerk reactions of the comments, I see that anti-French feeling in Canada is still going strong. The Globe and Mail is not much better, just doing the same thing in a more polite fashion. Posted 04/12/07 at 9:11 AM EST | Link to Comment .
India gold futures fall, may test Rs 11,000
MUMBAI: Gold futures fell on Friday, after having seen a record high earlier this week, as overseas investors sold gold to cover margin calls in stocks and softer crude oil added bearish pressure, analysts said.
"Overall it is in a selling mode again," said an analyst at IL&FS Investsmart Commodities Ltd. "But it may bounce back again after testing its supports."
Another analyst, K N Rahaman, senior analyst at Way 2 Wealth Securities Ltd, said the benchmark February gold on the Multi Commodity Exchange of India Ltd (MCX) could test Rs 11,000 per 10 grams.
"But I am not bearish, slowly it can recover," Rahaman added.
The factors that backed gold's rally -- chances of a rate cut in the US and the growing clout of the commodities asset class -- are likely to continue supporting gold, the analysts said.
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