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POPULAR NEWS
Gold prices slip, head for narrow weekly drop; Surging silver futures retreat

Gold futures traded lower for a second consecutive session Friday, headed toward a weekly decline of roughly 0.4%, as a strengthening dollar and rising Treasury yields, weighed on the metals complex. In early action, June gold was $4.50, or 0.3%, lower at $1,344.30 an ounce, threatening its first back-to-back decline since the two-session drop ended March 28. Though the commodity has mostly traded in a narrow range, the contract is now down some 1% since hitting a 2 ½-month high of $1,360 as...

Gold Headed for Weekly Decline; Palladium Rally Thaws

Gold drops for second day and heads for first weekly decline in three as bond yields rise and dollar firms amid signs of easing political tensions between the U.S and Russia. Palladium prices pull back. Bullion for immediate delivery -0.4 at $1,340.38/oz at 10:49am in London: Bloomberg generic pricing; -0.4% this week. Bloomberg Dollar Spot Index +0.3%; +0.7% this week In other precious metals : Silver -0.9% to $17.0877/oz; +2.6% this week, Platinum -0.6% at...

U.S. stock futures slip lower, with GE earnings on deck

U.S. stocks looked set for a fall at the open Friday, but were heading for a weekly win, as investors focused on what the next batch of earnings reports could bring. Dow Jones Industrial Average futures fell 69 points, or 0.3%, to 24,568, while S&P 500 futures shed 5.4 points, or 0.2%, to 2,687.75. Nasdaq-100 futures were 27.50 points lower at 6,753.50, down 0.4%. Declines in the consumer staples, real estate and technology groups dragged stocks lower Thursday. The Dow closed 0.3% lower...

Oil moves lower after Trump blames OPEC for 'artificially high' prices

Oil gave up early gains Friday to trade lower after U.S. President Donald Trump took to Twitter to blame OPEC for "artificially high" prices. Trump said the situation was "No good and will not be accepted!" The May contract for West Texas Intermediate crude fell 61 cents, or 0.9%, to $67.68 a barrel on the New York Mercantile Exchange. The U.S. benchmark hit a 3 ½-year high earlier this week and remains on track for a 0.4% weekly rise. June WTI crude which becomes the front-month contract...

Oil Erases Gains After Trump Slams OPEC for Inflating Prices

Oil fell in New York after U.S. President Donald Trumpcriticized OPEC and said crude prices are "artificially Very High." The comments came as the Organization of Petroleum Exporting countries and allies including Russia showed willingness to further tighten oil markets and boost prices. Oil has rallied in recent weeks as output cuts from OPEC and its allies were compounded by heightened geopolitical risks, including the possibility of renewed U.S. sanctions on Iran....

Alibaba will open an online store in the U.S.
Thursday, 12 June 2014 15:17 WIB | ECONOMY | ASAlibaba

Chinese Internet giant Alibaba will launch the first internet market in the United States, 11Main.com, as part of the expansion of activities outside China.

This is done prior to the sale of shares of Alibaba in the U.S., which is expected to become the biggest technology company stock sales.

Alibaba is China's largest online retailer. The overall value of sales last year exceeded the combined sales of Amazon and eBay.

In the early stages of the plan 11Main.com portal will only open to invited parties.

"We want these stores represent the diversity of Main Street. Several shops are upscale boutiques and most other thrift stores," said Mike Effle, president 11Main.com.

Largest world

The site was launched Auctiva and Vendio, Alibaba's two subsidiaries they control a few years ago.

China's Internet market is growing rapidly become the largest in the world with over 600 million Internet users.

Domestic enterprises, especially the newcomers sector, benefited from the high-speed growth.

Alibaba was established 15 years ago by Jack Ma, became one of the world's largest internet companies.

The company recorded revenues of U.S. $ 6.5 billion in the last nine months of 2013, with a net profit of U.S. $ 2.9 billion.

Source: BBC

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POPULAR NEWS
Gold prices slip, head for narrow weekly drop; Surging silver futures retreat

Gold futures traded lower for a second consecutive session Friday, headed toward a weekly decline of roughly 0.4%, as a strengthening dollar and rising Treasury yields, weighed on the metals complex. In early action, June gold was $4.50, or 0.3%, lower at $1,344.30 an ounce, threatening its first back-to-back decline since the two-session drop ended March 28. Though the commodity has mostly traded in a narrow range, the contract is now down some 1% since hitting a 2 ½-month high of $1,360 as...

Gold Headed for Weekly Decline; Palladium Rally Thaws

Gold drops for second day and heads for first weekly decline in three as bond yields rise and dollar firms amid signs of easing political tensions between the U.S and Russia. Palladium prices pull back. Bullion for immediate delivery -0.4 at $1,340.38/oz at 10:49am in London: Bloomberg generic pricing; -0.4% this week. Bloomberg Dollar Spot Index +0.3%; +0.7% this week In other precious metals : Silver -0.9% to $17.0877/oz; +2.6% this week, Platinum -0.6% at...

U.S. stock futures slip lower, with GE earnings on deck

U.S. stocks looked set for a fall at the open Friday, but were heading for a weekly win, as investors focused on what the next batch of earnings reports could bring. Dow Jones Industrial Average futures fell 69 points, or 0.3%, to 24,568, while S&P 500 futures shed 5.4 points, or 0.2%, to 2,687.75. Nasdaq-100 futures were 27.50 points lower at 6,753.50, down 0.4%. Declines in the consumer staples, real estate and technology groups dragged stocks lower Thursday. The Dow closed 0.3% lower...

Oil moves lower after Trump blames OPEC for 'artificially high' prices

Oil gave up early gains Friday to trade lower after U.S. President Donald Trump took to Twitter to blame OPEC for "artificially high" prices. Trump said the situation was "No good and will not be accepted!" The May contract for West Texas Intermediate crude fell 61 cents, or 0.9%, to $67.68 a barrel on the New York Mercantile Exchange. The U.S. benchmark hit a 3 ½-year high earlier this week and remains on track for a 0.4% weekly rise. June WTI crude which becomes the front-month contract...

Oil Erases Gains After Trump Slams OPEC for Inflating Prices

Oil fell in New York after U.S. President Donald Trumpcriticized OPEC and said crude prices are "artificially Very High." The comments came as the Organization of Petroleum Exporting countries and allies including Russia showed willingness to further tighten oil markets and boost prices. Oil has rallied in recent weeks as output cuts from OPEC and its allies were compounded by heightened geopolitical risks, including the possibility of renewed U.S. sanctions on Iran....

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