Asian shares rose as the Nikkei 225 Stock Average closed above 15,000 for the first time since 2007 after the yen touched a 4 1/2-year low against the dollar, boosting the earnings outlook for Japanese exporters.
The platinum market swung into the biggest shortage since 2002 last year as supply fell to a 12- year low on strikes and stoppages in top producer South Africa, according to Johnson Matthey Plc. The palladium deficit was the biggest since 2000.
U.S. stocks rose, sending the Standard & Poor’s 500 Index trading to another record, as consumer confidence gained and investors bet central banks worldwide will continue their efforts to stimulate the economy.
Umicore SA, the world’s largest precious-metals recycler, fell the most in 11 weeks in Brussels after forecasting a steeper profit drop than most analysts projected because of lower metal prices and persistent weak demand for catalysts and building products in Europe.
Volkswagen AG’s Audi brand, Bayerische Motoren Werke AG and Daimler AG’s Mercedes-Benz, are expanding diesel lineups in the U.S. as consumers are drawn by the performance and as a way to counter rising gasoline prices.
Diesel engines and burning of biomass are responsible for the lion's share of black carbon emissions in the United States, according to an EPA report to Congress on emissions of the carbon particulates. EPA's report on black carbon-- the most effective form of particulate matter, by mass, at absorbing solar energy--holds some interesting facts in regard to the largest U.S. sources.