Greece, it’s Spain, as the contagion seems to be spreading fast across Europe. Ratings major Standard & Poor’s (S&P) on Wednesday cut its ratings on Spain by one notch to AA from AA-plus.
Earlier in the day, Indian shares joined the worldwide slide in equities and commodities, after S&P had lowered Greece’s debt rating to junk [...]

Asian stocks rose on Wednesday, led by gains in tech shares after Apple Inc unveiled results that blew past Wall Street’s expectations, while the euro struggled as worries mounted about debt-stricken Greece.
Tech-heavy markets such as Japan, Taiwan and South Korea were among the region’s best performers as Apple’s earnings report and strong sales forecast bolstered [...]

Gold rose to three-month highs in Europe on Friday as concern over the fiscal outlook for peripheral euro zone economies boosted safe haven flows into the precious metal, with a rebound in the euro also lifting prices.
Holdings of the world’s largest gold-backed exchange-traded fund, New York’s SPDR Gold Trust, rose nearly 10 tonnes to a [...]

Gold rose to four-week highs on Tuesday and euro-priced gold hit a record peak as investors bought the metal as an alternative to paper currencies amid persistent concerns over smaller euro zone economies. This helped dollar-denominated gold shrug off a 0.75 percent rise in the dollar’s value versus the euro. Spot gold was bid at [...]

In order to ensure that commodity futures exchanges treat their members equally and protect client interests, market regulator Forward Markets Commission (FMC) has asked the bourses to put in place a common penalty structure for defaulting brokers.
Currently, exchange charges vary for the same offence committed by members. The kind of offence include non-segregation of [...]

The National Multi-Commodity Exchange (NMCE) on Monday launched a wireless application protocol (WAP) portal, offering traders services like spot and futures prices of commodities over their mobile phones.
“NMCE is pleased to announce the launch of its WAP portal for mobile phone users,” a circular from the exchange said.
The portal will help various market participants to [...]

Gold pared gains in Europe on Friday as the dollar lifted from one-month lows versus the euro, after better-than-expected U.S. retail sales data boosted expectations the economy may be on the road to recovery.
The metal rose as high as $1,119.05 an ounce in earlier trade as the dollar’s decline helped it to recover from the [...]

India’s high food prices have started to ease and will dip further next month, the farm minister said, while the finance minister is still worried about inflation amid signs that the headline number may hit 10% by March.
Despite a string of government efforts to ease concerns, rising prices are posing a big challenge for the [...]

US stocks posted their biggest daily percentage gain in three months on Tuesday after strong revenue from drugmaker Merck and regional manufacturing data instilled confidence in the economic outlook.
Resource-related shares were among the strongest gainers as a weaker US dollar sparked buying in oil and other commodities.
The CRB commodities index marked its largest one-day percentage [...]

Japan’s Nikkei average surged 2.7 per cent on Wednesday, chalking up its biggest daily rise in over two months, as investors snapped up Mitsubishi Corp and other resource-related stocks after a jump in commodities prices.
Tokyo shares were cheered by the previous day’s sharp gains in European and U.S. shares, with robust earnings and stronger-than-expected data [...]