Gold for December delivery rose $38.40, or 2.2%, to settle at $1,772.10 an ounce on the Comex division of the New York Mercantile Exchange. Gold futures soared to their best in nearly seven months Thursday after the US Federal Reserve announced another round of quantitative easing in an effort to boost the economy. Gold for December delivery rose $38.40, or 2.2%, to settle at $1,772.10 an ounce on the Comex division of the New York Mercantile Exchange. The yellow metal had earlier cha

This season's U.S. harvest of cotton will be more than 3 percent smaller than projections from August because of inclement weather, according to the U.S. Department of Agriculture. Bloomberg reports the federal agency indicated the soft fiber will amount to 17.11 million bales as opposed to the 17.65 million bales that were projected last month. A poll administered to nine analysts by the news service indicated an average of 17.46 million bales while the immediate past crop amounted to 15.57 m

A 25-strong delegation of Australian scientists and farmers are in Burkina Faso this week to help cotton farmers there improve the quality of their produce. The Australian experts have been sent by the Commonwealth Scientific and Industrial Research Organisation (CSIRO) to deliver specialised training to farmers in Cameroon, Cote D’Ivoire, Senegal and Togo, as well as the Cotton-4 countries – Chad, Benin, Mali and Burkina Faso. Cotton is an important cash crop in Africa’s Sahel and sub-Sahar

More than 40 percent of the Pakistani textile industry and around 0.2 million power looms have shifted to Bangladesh in the last five years due to energy crisis in Pakistan and better incentives in Bangladesh, which has created serious employment related problems in the country. Discussion with the industry stakeholders, farmers' representatives and officials of Textile Ministry revealed that only in Punjab over 200,000 families are directly or indirectly negatively affected. Mohsin Aziz Khan,

As a result of tight supply because of continued rains in the country prices went up on the cotton market on Wednesday, dealers said. Official spot rate was unchanged at Rs 5650, they said. In the ready business, over 4000 bales of cotton changed hands between Rs 5600-5800, they said. Prices of seedcotton low quality in both Sindh and the Punjab were down by Rs 200 to Rs 1800 while the best type was inert at Rs 2400, they added. Market sources said that continued rains in the country interrupt

The cotton and ground nut crop in the state has failed. According to an estimate, about 60 per cent of the cotton has failed in the state. Sources in the industry said that the cotton crop has turned yellow, while the groundnuts are very small as compared to its regular size. Officials said that the cotton crop in Saurashtra, Kutch, Mehsana, Patan and Banaskantha has totally failed. Crops like cotton and groundnut that had been sown earlier in the beginning of the monsoon have failed on acco

IPhone 5 Lighter, Thinner: Apple introduced its new iPhone 5, a lighter, thinner and more powerful version of its iconic mobile device. "It is an absolute jewel. The software and engineering that went into this product is the most challenging our team has ever taken on," Apple marketing chief Phil Schiller told a packed launch event in San Francisco. The introduction has been among the most keenly anticipated in the tech world, with rumors and leaks over several months about the new device f

Coco Rocha at Zac Posen's Spring 2013 fashion show shot by Peter Stigter Blogger Bryanboy wins the biggest try-hard award. Wearing Alexander McQueen‘s mirrored visor, printed Prada brogues and a neon lime fur camera strap, he’s only an it-bag away from completef must-have overload. Victoria Beckham‘s collections keep getting better and better. With husband David Beckham beaming from the front row, her new take on tailoring expands her offering beyond the beautiful, but now expected body-co

At least 289 people were killed in a fire that swept through a garment factory overnight in the Pakistani port city of Karachi, a local official said Wednesday. The toll from the fire, which continued to burn Wednesday, is expected to rise, Commissioner Roshan Ali Shaikh, Karachi's top administrative official, said in a phone interview with CNN affiliate Geo TV. A child is among the dead, and at least 25 people have been injured, said Zakir Khan of the Karachi Fire Department. All the vict