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POPULAR NEWS
Gold prices settle up by more than 1% for the week; palladium futures log another record

Gold prices climbed Friday to tally a 1.2% gain for the week. U.S. and European benchmark stock indexes declined and the dollar fell for the week, providing a boost to prices of the yellow metal. December gold climbed by $8, or 0.7%, to settle at $1,223 an ounce. Palladium futures, meanwhile, settled at another record on expectations for much stronger demand. R. Michael Jones, chief executive officer of Platinum Group Metals Ltd. December palladium added $17.20, or 1.5%, to finish at...

Stocks Turn Lower as Retail Drop Offsets Utilities

U.S. equity indexes fluctuated as a plunge in retail and technology stocks was partly offset by energy and utility gains. Treasuries climbed and the dollar retreated. The S&P 500 Index fell 0.2 percent as of 11:46 a.m. New York time.The S&P 500 Index turned lower as department-store chain Nordstrom Inc. declined on disappointing results, following letdowns from Macy™s Inc. and Dillard™s Inc. At the same time, California utilities PG&E Corp. and Edison International began to...

European stocks dragged lower by tech, Brexit concerns

European markets struggled Friday, finishing in the red and with chunky weekly losses, as concerns about the U.K.™s Brexit deal again hit top banks, and chip makers were dented after Nvidia Corp. warned on weaker sales ahead. The Stoxx Europe 600 closed 0.2% lower at 357.71, bringing the week™s losses to 2.2%. The French CAC 40 ended down 0.2% at 5,025.20, with a weekly slip of 1.6%, while Germany™s DAX 30 wrapped up the day off 0.1% at 11,341. The U.K.™s FTSE 100 dipped 0.3% to...

Hong Kong Shares Close Week on Positive Note (Review)

Hong Kong stocks finished the week with gains Friday, tracking a positive lead from Wall Street with energy firms supported by an uptick in oil prices. The Hang Seng Index rose 0.31 percent, or 80.19 points, to close at 26,183.53. The benchmark Shanghai Composite Index closed 0.41 percent, or 10.94 points higher at 2,679.11, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, rose 0.84 percent, or 11.78 points, to finish at 1,410.18.

U.S. Oil Prices Settle Flat, Down a Sixth Week in a Row

U.S. oil futures settled unchanged on Friday, but posted a loss of 6.2% for the week, their sixth weekly loss in a row. Talk of reductions in crude output among major producers have only helped to temper price pressures from concerns about a potential global supply glut and a slowdown in energy demand. December West Texas Intermediate oil ended unchanged at $56.46 a barrel on the New York Mercantile Exchange. Source : Marketwatch

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 settle up by more than 1% for the week; palladium futures log another record

Gold prices climbed Friday to tally a 1.2% gain for the week. U.S. and European benchmark stock indexes declined and the dollar fell for the week, providing a boost to prices of the yellow metal. December gold climbed by $8, or 0.7%, to settle at $1,223 an ounce. Palladium futures, meanwhile, settled at another record on expectations for much stronger demand. R. Michael Jones, chief executive officer of Platinum Group Metals Ltd. December palladium added $17.20, or 1.5%, to finish at...

Stocks Turn Lower as Retail Drop Offsets Utilities

U.S. equity indexes fluctuated as a plunge in retail and technology stocks was partly offset by energy and utility gains. Treasuries climbed and the dollar retreated. The S&P 500 Index fell 0.2 percent as of 11:46 a.m. New York time.The S&P 500 Index turned lower as department-store chain Nordstrom Inc. declined on disappointing results, following letdowns from Macy™s Inc. and Dillard™s Inc. At the same time, California utilities PG&E Corp. and Edison International began to...

European stocks dragged lower by tech, Brexit concerns

European markets struggled Friday, finishing in the red and with chunky weekly losses, as concerns about the U.K.™s Brexit deal again hit top banks, and chip makers were dented after Nvidia Corp. warned on weaker sales ahead. The Stoxx Europe 600 closed 0.2% lower at 357.71, bringing the week™s losses to 2.2%. The French CAC 40 ended down 0.2% at 5,025.20, with a weekly slip of 1.6%, while Germany™s DAX 30 wrapped up the day off 0.1% at 11,341. The U.K.™s FTSE 100 dipped 0.3% to...

Hong Kong Shares Close Week on Positive Note (Review)

Hong Kong stocks finished the week with gains Friday, tracking a positive lead from Wall Street with energy firms supported by an uptick in oil prices. The Hang Seng Index rose 0.31 percent, or 80.19 points, to close at 26,183.53. The benchmark Shanghai Composite Index closed 0.41 percent, or 10.94 points higher at 2,679.11, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, rose 0.84 percent, or 11.78 points, to finish at 1,410.18.

U.S. Oil Prices Settle Flat, Down a Sixth Week in a Row

U.S. oil futures settled unchanged on Friday, but posted a loss of 6.2% for the week, their sixth weekly loss in a row. Talk of reductions in crude output among major producers have only helped to temper price pressures from concerns about a potential global supply glut and a slowdown in energy demand. December West Texas Intermediate oil ended unchanged at $56.46 a barrel on the New York Mercantile Exchange. Source : Marketwatch

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