Concerns about the lack of progress on a Spanish bailout dampened risk appetite, helping send equities and commodity markets lower and lending support to the dollar. <USD/> .N Oil prices initially turned negative in early U.S. trade following news that TransCanada Corp (TRP.TO) expected to restart the 590,000-barrel-per-day Keystone pipeline to the U.S. market over the weekend despite poor weather hampering efforts. The line was shut on Wednesday after an anomaly was detected, but an

Fantasy Angel – Alessandra Ambrosio wears this year’s Fantasy Bra from Victoria’s Secret. The piece is worth a whopping 2.5 million dollars and designed by the London Jewelers of New York who also designed the Bombshell Fantasy Fragrance bottle (pictured below). Alessandra will don the Floral Fantasy Bra at the upcoming VS runway show which takes place in November. Alessandra posing alongside the Fantasy Gift Collection from Victoria’s Secret Source: Fashion Gone Rogue

Pastel Resort – Gucci enlists top models Karmen Pedaru and Joan Smalls for its resort 2013 campaign pictured at a garden party setting. Mert & Marcus capture the duo in the Italian fashion house’s pastel separates with stylish handbags. Source: Fashion Gone Rogue

(With the expectation of rise in demand due to festive season, these companies, which have sound financials, offer good investment opportunities for investors.) Even as many textile companies in the lower end of the industry have hardly been lucrative investments for investors owing to their disproportionate dependence on raw materials, the companies at the higher end of the textiles industry continue to provide strong investment opportunities for investors. Interestingly, the valuation of

China's central bank fixed the onshore yuan rate 0.12 percent up at 6.3028 against the US dollar on Wednesday, a four-month high. The move helped push the onshore yuan spot to a 19-year high of 6.2532 and offshore yuan spot to an all-time record of 6.2540. The currency appreciated in the forward market both onshore and offshore. It's not the first time the yuan has hit records in recent months, as the US' new round of quantitative easing cheapened the greenback. The yuan touched a hi

Leading textile chain Chennai Silks, which has forayed into the jewellery business, is eyeing to more than double its turnover to Rs 10,000 crore by 2014-15. The Group's turnover covering all business stood at Rs 4,000 crore at the end of 2011-12 fiscal and is "eyeing a total turnover of Rs 10,000 crore by 2015 fiscal," K Manickam, Managing Director of Sree Kumaran Thangamaaligai, a sister concern of Chennai Silks, said after inaugurating the renovated and extended jewellery showroom here. H

Brazil and the United Nations Food and Agricultural Organisation (FAO) have signed a new South-South cooperation agreement worth $20 million that aims to channel Brazilian expertise in cotton production to other developing countries including Ghana. The four year collaborative effort between FAO, the Brazilian Cotton Institute (IBA) and the external cooperation wing of Brazil's Foreign Relations Ministry ( MRE) will target participating countries with technical assistance and training in best

Uzbekistan is planning to increase the volume of internal cotton-fiber processing up to 70% in next three years, Prime Minister of Uzbekistan Shavkat Mirziyayev said at the opening the Eighth International Uzbek Cotton and Textile Fair in Tashkent. The Eighth International Uzbek Cotton and Textile Fair started its work in Tashkent on 17 October. Over 1,000 foreign companies, working in cotton and textile industry, from 38 countries are participating at the event. Shavkat Mirziyayev said

INVISTA, a producer of polymers and fibers, primarily for nylon, spandex and polyester applications, will invest $20 million to expand its performance surfaces and materials division at its Camden, South Carolina, production facility to better serve its carpet mill customer base, with plans to hire 50 additional employees. “An investment of this size will further strengthen INVISTA Camden’s position as the preferred supplier of nylon 6,6 carpet fibers for residential and commercial end produc