SOUTH AFRICA

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Roaring outlook for platinum

CPM, a New York-based commodities analysis firm, has predicted that platinum group metals are set to make a roaring investment option in the coming years.

Bigger role seen for emerging financial centers

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London and New York are not about to lose their spots as the world's leading financial centers but they are being challenged by emerging market upstarts in a potentially lucrative area: the management of funds moving between developing economies.

Africa prospects lure investors, but is it ready?

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Africa offers among the world's best investment prospects as emerging markets grow ever more important, although its economies risk being destabilized by the slew of capital they stand to attract in coming years.
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Diamond secrets unveiled!

Immediately after the Tel Aviv Meet on Zimbabwe's blood diamonds, the world was abuzz with the diamond controversy. Several newspapers carried articles on the blood diamonds and the Zimbabwe mine fields. Diamond jewelry is a powerful symbol of status and love, and a $72 billion-a-year retail business worldwide.
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Economic worries drive up gold in Asia

Gold prices continued its northern journey in Asian trade Monday as uncertainty over global economic situation boosted its safe haven appeal. Gold for immediate delivery was seen trading at $ 1256.84 an ounce at 11.30 a.m Singapore time while U.S. gold futures for August delivery was at $1,258.00 an ounce.
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G20 push for IMF voting power deal by November

Group of 20 leaders pledged on Sunday to push for agreement on greater voting power for emerging economic powers in the International Monetary Fund by the next summit in Seoul, South Korea, in early November.
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Argentina says Europe's fiscal focus is wrong

Europe's focus on cutting deficits is absolutely wrong, Argentine President Cristina Fernandez said on Saturday, citing her country's experience with austerity she said helped lead to a huge default in 2001.
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G8 avoids bold aid promises amid budget strains

G8 wealthy countries said on Saturday that the global economic crisis threatened to undermine 2015 global targets for reducing extreme poverty worldwide, but avoided bold new aid promises.
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YouTube, now with instant vuvuzela sound

JOHANNESBURG (Reuters Life!) - Want to hear what your favorite pop star or politician sounds like accompanied by the most memorable sound of the soccer World Cup in South Africa -- the droning vuvuzela trumpet?
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Europe digs in on budget austerity ahead of G20

European policymakers defended budget austerity plans on Thursday ahead of a G20 summit set to pit calls for fiscal restraint against warnings that heavy cost-cutting threatens recovery.
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FIFA comes live here thanks to solar energy

As excitement mounts over the ongoing World Cup in Johannesburg, more than 2,000 residents formerly without access to electricity can plug into the soccer competition at 36 solar-operated television viewing points that SolarWorld has installed in remote African villages.
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Gold rally: Global mining cos ramp up output

Gold producing countries are ramping up production following the rise in prices in the past few years, according to Gold Made Simple. One of the main factors that influences the price of gold is supply and demand. When demand for gold exceeds supply, which is happening at present, the price of gold goes up and vice versa
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Zimbabwe's blood diamonds and KP's green signal

A long-running controversy over Zimbabwe's allegedly illegal diamond trade, which human rights groups say is run by the army to enrich the power elite, took another twist with a watchdog official saying Harare can resume exports suspended in 2009.
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Blatter joins Twitterati in time for World Cup

FIFA president Sepp Blatter will be giving his thoughts on football in slightly shorter bursts than usual after opening up a Twitter account just in time for the World Cup in South Africa.
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Interview with James Turk from GoldMoney.com

IBTimes had an interview with James Turk, Founder & Chairman of GoldMoney.com. Who is your target audience? We have around 15,000 clients all over the world, and they share one common aim. They want to protect their wealth from the turmoil of national currencies and the uncertainty surrounding the ongoing financial crisis. So they want to own gold and find GoldMoney a convenient, economical and most importantly, a safe way of doing that. There is over $1 billion of customer assets in GoldMoney...
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IBTimes Interview with James Turk from GoldMoney.com

IBTimes had an interview with James Turk, Founder & Chairman of GoldMoney.com. Who is your target audience? We have around 15,000 clients all over the world, and they share one common aim. They want to protect their wealth from the turmoil of national currencies and the uncertainty surrounding the ongoing financial crisis. So they want to own gold and find GoldMoney a convenient, economical and most importantly, a safe way of doing that. There is over $1 billion of customer assets in GoldMoney...
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JPMorgan hit by big coal trading losses: traders

JPMorgan Chase & Co has made heavy losses from bad coal-price bets, traders dealing with the U.S. investment bank said, at a time when proprietary trading at deposit-taking banks faces increased regulatory scrutiny.
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Yahoo signs Beckham as brand ambassador

Yahoo Inc said it signed British soccer star David Beckham as a brand ambassador ahead of the World Cup tournament in a move to draw more users to the online media company's products.
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Dial M for muddle as Germans suffer phone foul-up

They can call their wives and families back home but German players have no way of reaching team mates with their fancy new cell phones issued for the World Cup in South Africa, players said on Tuesday.
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Manpower says global hiring prospects improve

Employers in most economies are more likely to add workers than three months ago, including those in the United States, but big gains are limited to booming emerging economies like Brazil, India and China, according to a quarterly survey by Manpower Inc .
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BA not neglecting strike peace talks: CEO Walsh

British Airways Chief Executive Willie Walsh said Monday he was absolutely determined in its dispute with cabin crew and dismissed union suggestions that he had neglected the crisis to travel abroad.
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Nymex gold ends near $1218

New York gold climbed overnight after equity markets dropped though the euro also tumbled to a four year low. Gold for August delivery added $7.70, or 0.6%, to $1,217.70 an ounce on the Comex division of the New York Mercantile Exchange. The comeback assured gold a 0.3% gain on the shortened holiday week and stopped a downward trend that had started Wednesday.
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Doubts over global economy return as G20 meets

Leading policymakers expressed concern on Friday about the health of the world economy even as they closed ranks behind the euro zone's efforts to tackle a debt crisis that has rattled global markets.

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