02 May '11, 11pm

US dollar opens month lower, gold sets new record

NEW YORK: The US dollar lost ground to the euro on Monday in the wake of the US killing of 9/11 mastermind Osama bin Laden, while gold opened the new month with yet another record. With London trading closed for the May Day holiday, in New York the dollar first gained on the news that US operatives found and killed the Al-Qaeda chief in northeast Pakistan. But the greenback then slid intraday to a 17-month low of $1.4902 to one euro, a bare nine cents shy of the July 2008 record. At 2100 GMT, the dollar had regained some ground to $1.4824 per euro, compared to $1.4808 late Friday. Meanwhile gold powered to a new high of $1,577.57 an ounce, before swinging sharply back to the $1,555 level. The dollar got little help from Monday data showing a slowdown in growth in the manufacturing sector, yet another indicator of the struggling economic recovery. The Institute for Supply M...

Full article: http://www.channelnewsasia.com/stories/afp_world_business...

Tweets

Singaporeans are rushing to cash in on a low US$ - are you one of them? Or do you think it'll go even lower?

Singaporeans are rushing to cash in on a low US...

straitstimes.com 03 May '11, 2am

'Recently, it has been about 50 to 60 people,' he said, a result of many Singaporeans seeing dollars and sense in cashing ...

Election Month Getai in the Month of the Hungry Votes #sgelections

Election Month Getai in the Month of the Hungry...

yawningbread.wordpress.com 02 May '11, 1am

Lianhe Zaobao 26 April 2011, page13 April-May getai business particularly brisk this year Many interviewed getai-owners sa...

Gold begins to regain its lustre - TODAYonline ...

todayonline.com 01 May '11, 9pm

SINGAPORE - Gold, including the physical precious metal itself, has made a comeback as a safe haven investment with concer...

Gold rockets to nearly US$1,570 as US dollar sags

channelnewsasia.com 29 Apr '11, 10pm

NEW YORK: Gold rocketed to almost $1,570 an ounce on Friday, setting a new dollar-price record as its unabated rise was pr...

How US spies found Osama's hideout

How US spies found Osama's hideout

straitstimes.com 03 May '11, 7am

Pakistani soldiers stand inside a compound covered with red fabric at the hideout of Al Qaeda leader Osama bin Laden follo...

US stocks mixed after new jobs data

US stocks mixed after new jobs data

straitstimes.com 04 May '11, 9pm

US stocks were generally lower but tech stocks rose slightly on Wednesday following disappointing new data on job creation...

GLOBAL MARKETS-Stocks, dollar up after news bin...

sg.news.yahoo.com 02 May '11, 8am

* Dollar gains fizzle, euro up on manufacturing data * U.S. government bond prices slip after bin Laden's death * Oil drop...

Osama bin Laden dead; US president says justice...

channelnewsasia.com 02 May '11, 4am

WASHINGTON : Al-Qaeda mastermind Osama bin Laden was killed on Sunday in a firefight with US forces deep inside Pakistan, ...

New Al-Qaeda chief will be 'next enemy No. 1': CIA

New Al-Qaeda chief will be 'next enemy No. 1': CIA

straitstimes.com 04 May '11, 8am

Osama bin Laden (L) sits with his adviser and purported successor Ayman al-Zawahiri, an Egyptian linked to the Al-Qaeda ne...

Gold eases after reports bin Laden dead: SINGAP...

sg.news.yahoo.com 02 May '11, 3am

SINGAPORE , May 2 (Reuters) - Gold prices fell on Monday on reports Osama bin Laden was dead and his body has been recover...

US teacher who has vowed since 9/11 never to shave until Osama was caught or killed, has finally cut his beard off

US teacher who has vowed since 9/11 never to sh...

straitstimes.com 03 May '11, 1am

Middle school teacher Mr Gary Weddle, 50, displays his cut beard while shaving the remaining stubble. -- PHOTO: AP EPHRATA...

Dollar rises on reports Osama bin Laden is dead

channelnewsasia.com 02 May '11, 4am

TOKYO : The US dollar rose against the euro and the yen after reports on Monday that Al Qaeda leader Osama bin Laden had b...

Panetta: new Al-Quaeda chief will be next enemy No. 1

Panetta: new Al-Quaeda chief will be next enemy...

channelnewsasia.com 04 May '11, 2am

WASHINGTON: While it is not yet certain who will replace Osama bin Laden to lead Al-Qaeda, CIA Director Leon Panetta said ...