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U.S. durable goods orders dropped more than anticipated in February, as orders for commercial aircraft, mining, oil and gas industries fell sharply. Demand for goods expected to last 3 years or more slumped
Platinum jewelry sales surged in Indian last year, as increased distribution and successful branding programs helped to boost consumer acceptance. According to Platinum Guild International, retail sales jumped
Poor weather conditions during winter and spring sowing campaigns is expected to reduce wheat harvests in Ukraine, Russia, Europe and Romania, with Tetyana Adamenko calling for Ukraine’s wheat production to slide 35 percent to
Oil prices climbed this week after the EIA reported that supplies unexpectedly fell in the week ended April 1. According to the agency, inventories declined 4.9 million barrels versus forecasts for a build of
Harley-Davidson shares tanked this week after two analysts projected that the motorcycle giant may have lost market share in the Q1, with John Tomlinson forecasting a sales decline of 7 percent and
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The U.S. dollar slumped to an 18-month low against the yen, “as Japanese officials signaled they wouldn’t intervene in an attempt to weaken their currency” and the hesitation by the Fed Reserve to raise rates weighed on the greenback. The dollar
According to statistics published by the agricultural policy office, Brazil’s coffee exports soared nearly 150 percent in January, as ample rains helped to boost bean size following 2 straight seasons of harsh drought conditions. Exports rose
Natural gas prices rose to an 8-week high this week amid forecasts for cool weather to linger over much of the U.S. through the end of the month. Futures on the New York Mercantile Exchange gained
Citing lower oil prices and international sanctions the World Bank downwardly revised Russia’s economic growth forecasts for both this year and next. Having initially called for a contraction of 0.7 percent this year, the bank now sees an even larger
Gold rallied this week amid a falling U.S. dollar fell and fresh signals that the Fed Reserve will be cautious on raising interest rates as global economic growth remains uncertain. The metal made its advance in 3 weeks – rising
Groupon shares surged this week after the deal making site received at $250 million investment from Atairos Management, an independent investment fund run by former Comcast CFO Michael Angelakis. The show of confidence sent Groupon’s shares up
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