TNM

Energy Market Outlook and Sector Updates: Nirmal Bang

oilOil prices fell for the second straight trading session by nearly 3% to $50.14 per barrel on concerns that the swine influenza may affect the travel and hospitality industry resulting in a further delay in the recovery from the global recession. Investors feared a new blow to an already fragile global economy if trade flows are curbed and manufacturing is hit.

Base Metals Trading Tips and Commodity Market Update: Nirmal Bang

nickelBase metals witnessed range bound trading session and ended the day with negative bias, Copper and zinc shed more than 4% discounting the flu to snow ball into a pandemic and derail the global economy's nascent recovery.

Nickel fell by 5.4% on account of heavy selling by traders and speculators in tandem with a weakening global trend. Reduced off take by consuming industries, such as stainless makers also weighed on nickel prices.

Bullion Update, Precious Metals Trading and Market Outlook: Nirmal Bang

GoldGold rose to a 3 week high of $918.25 on Monday due to rise in risk aversion amidst fears of swine flu in North America. In the Indian markets, gold rose by Rs 140 to regain the 15,000 mark fast tracked by heavy buying by the retail investors on 'Akshay Tritiya'.

The world's largest gold-backed exchangetraded fund, the SPDR Gold Trust, said its holdings remained at 1,104.45 tonnes as of April 28, unchanged from the previous day. Its holdings hit a record 1,127.68 tonnes on April 9, and remained at that level for a week.

Areva T&D Q4 net profit dips 5%

Areva Areva T&D India Ltd, the Indian subsidiary of AREVA France SA has posted a net profit af

AMD releases ATI Radeon HD 4770 GPU

AMD releases ATI Radeon HD 4770 GPUThe manufacturer of graphics processors, based in Sunnyvale, California – AMD (Advanced Micro Devices, Inc.) has released its ATI Radeon HD 4770 graphics processing unit (GPU). AMD has claimed is Radeon HD 4770 graphics processor is performance product in the 4000 series for the desktop PC market, known for its excellent HD gaming performance and affordable price.     

BusinessWeek hints at Verizon-Apple partnership for distributing two new devices

Verizon-Apple According to BusinessWeek, the Verizon-apple partnership is in the offing; with rumors abound that Verizon Wireless is working out a deal with Apple Inc for the distribution of two new devices similar to the IPhone.

Unnamed sources say that Apple CEO, Steve Jobs has been involved in the talks with Verizon, that have been on for the past six months; and that Apple is supposedly through with the creation of the prototypes of the proposed devices.

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