| India gold futures fall, may test Rs 11,000
MUMBAI: Gold futures fell on Friday, after having seen a record high earlier this week, as overseas investors sold gold to cover margin calls in stocks and softer crude oil added bearish pressure, analysts said.
"Overall it is in a selling mode again," said an analyst at IL&FS Investsmart Commodities Ltd. "But it may bounce back again after testing its supports."
Another analyst, K N Rahaman, senior analyst at Way 2 Wealth Securities Ltd, said the benchmark February gold on the Multi Commodity Exchange of India Ltd (MCX) could test Rs 11,000 per 10 grams.
"But I am not bearish, slowly it can recover," Rahaman added.
The factors that backed gold's rally -- chances of a rate cut in the US and the growing clout of the commodities asset class -- are likely to continue supporting gold, the analysts said.
MCX to support Microsoft's rural technology training programme
MUMBAI: Multi Commodity Exchange of India on Thursday announced its support to an ongoing computer literacy programme of Microsoft and Indian Society of Agribusiness Professionals in rural Maharashtra.
This marks the launch of MCX's Corporate Social Responsibility initiative aimed at empowering the youth and women of rural areas of the state with technology skills.
Till now over 15,500 people have been trained and more than 24,000 people are using this service across 16 districts by the means of understanding the futures markets prices of the area specific commodities.
MCX's support will help in increasing deployment of laptop and desktop computers and thereby strengthen the ongoing technology training and adoption efforts through the project.
The city is caught in tensions and violence
University College London was the largest recruiter of overseas students, with nearly 6,000 on its books, but the London School of Economics topped the list of universities dominated by overseas undergraduates and postgraduates, with 64 per cent coming from overseas. A spokesman for Universities UK hailed the rising number of students and academics choosing to work and study in Britain. He said: " International students and academics also provide an immeasurable academic, cultural, and social benefit to the UK generally. By contrast, 19,000 people left Britain last year to study overseas, a number that has stayed broadly similar for a decade. .
Yeah, I said it: Don’t bring back Mike Lowell
Just because he's a nice guy? Because he rode a hot streak to MVP of the World Series? Yeah, he did hit .320. Yeah, he did lead the team in RBI with 120. Yeah, he's a consummate professional. Guess what? So was Bill Mueller. You remember Billy Ballgame, right? The guy who won the batting title in 2003 with a line of .326/.398/.540? Hit two grandslams in a game from both sides of the plate? He hit .283/.365/.446 for the 2004 World Champion Red Sox, and then followed that up with a .295/.369/.430 line in 2005. We let him go. Mike Lowell took his place. Billy Ballgame played 32 games with the Los Angeles Dodgers. He hit .252/.357/.402 and his knee issues forced him to retire. The last time he donned a Boston jersey was this October… when he threw out the first pitch before Game 6 of the ALCS.
Owens Corning plans to close New Braunfels plant
Owens Corning notified the Texas Workforce Commission that it will be closing its New Braunfels facility and laying off more than 100 employees in the process. The factory is located at 1851 S. Seguin Ave. According to a letter written to the Texas Workforce Commission by Owens Corning, all positions and jobs at this location will be eliminated sometime between June 16 and June 30 of this year. Some employees may be offered the opportunity to transfer to other Owens Corning operations, although this is uncertain. The letter states that the facility is being closed because its technical fabrics business has been affected by a change in the U.S. market for its products. Officials with Owens Corning were not immediately available for comment.
Indiana Editorial Roundup
This latest expansion of gambling must not be allowed.
To say that bars illegally allowed gambling in the past should not be an argument for now legally allowing them to operate these games.
And gambling remains a moral issue, which is why it is so tightly controlled. Allowing anyone to operate a gambling den, with no recourse, would have serious repercussions for society.
Indiana would get an estimated $5 million to $25 million a year from the taverns as part of House Bill 1153, the legislation authorizing bars to offer pull tabs and other low-stakes games of chance. That's not justification for gambling to be spread to bars.
The bill passed the House but must be stopped in the Senate.
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CME up after volume jumps
After a halting start, the year-end rally gained momentum, with stocks rising roughly 7 percent in less than two weeks.
Among winners, shares of CME Group Inc., the world's largest futures exchange, shot higher after November volume advanced 41 percent on rising volatility.
Traders saw their business boom as economic uncertainty caused investors to hedge or speculate with futures contracts tied to equity indexes and interest rates on the Chicago Mercantile Exchange and Chicago Board of Trade, both owned by CME.
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