ECONOMY & MARKETS

AngloGold Ashanti, the world's third-largest gold producer, said on Tuesday it expects capital expenditure to double to $1.5 billion dollars by 2013.

Mozambique plans to expand the Quelimane port in the country's Zambezia central province to be able to handle 20 million tonnes of coal per year to meet fast-rising demand from producers setting up in the country, an official said on Tuesday.

Johannesburg stocks rose nearly 1 percent on Tuesday, as investors returned to resource heavyweights African Rainbow Minerals, BHP Billiton and other shares that have been battered down in a recent sharp sell off.

The board of Brazil's Vale has approved a $6 billion expansion of its Moatize coal project in Mozambique to lift output to 22 million tonnes per year from the 11 million tonnes it expects to mine initially, a company official said.

Intel's (INTC) stock has broken out of a four-month range-trading pattern to trade at/near $23.50. Is there more upside ahead with Intel?

Canadian stocks looked set to open slightly higher on Tuesday, in line with stronger commodity prices, though there were signs the respite from worries over U.S. and European government debt could be temporary.

Year-to-date, company shares have plunged about 93 percent.

Wedbush Securities believes Netflix Inc.'s (NASDAQ: NFLX) $400-million concurrent common stock and convertible notes financing were motivated by the company's deteriorating business performance, which in turn triggered liquidity concerns.

The top pre-market NASDAQ Stock Market gainers are: Focus Media Holding, BSD Medical, Brocade Communications Systems, NVIDIA, and E*TRADE Financial. The top pre-market NASDAQ Stock Market losers are: Netflix, Randgold Resources, ASML Holding, Amazon.com, and Shire.

Gold demand in India was subdued on Tuesday as a weakening rupee kept buyers at bay, further deterred by a rebound in local prices due to gains in overseas markets.

The fight for the 2012 tax season has begun among the companies who provide tax services -- H&R Block Inc. (NYSE: HRB) and Intuit Inc. (INTU).

Stock markets put in gains Tuesday after a heavy session of losses the previous day, though the respite from worries over U.S. and European government debt looked only temporary.

Monetary action may still be warranted from the Reserve Bank of India, RBI, to anchor inflation expectations in face of sustained high food inflation.

Stock index futures pointed to a mixed open on Wall Street on Tuesday following the previous session's sharp losses, with futures for the S&P 500 up 0.49 percent, Dow Jones futures up 0.21 percent and Nasdaq 100 futures down 0.17 percent at 0831 GMT.

The top after-market NYSE gainers are: ING Group, Zale Corp, Acco Brands, Dycom and E-House. The top after-market NYSE losers are: Jinko Solar, Collective Brands, Trina Solar, Republic Services and Accretive Health.

The top after-market NASDAQ Stock Market gainers are: Move, LoJack, Brocade Communications Systems, United Community Banks, and AsiaInfo-Linkage. The top after-market NASDAQ Stock Market losers are: Cninsure, Perfect World, Newport, hiSoft Technology International, and Immunogen.

Asian shares edged down Tuesday as fears about the ability of politicians on either side of the Atlantic to tackle huge debt burdens sapped investors' confidence in the outlook for Western economies.

Since 1980, the wage gap in America has widened in a phenomenon known as “job polarization,” stated economists Jaison R. Abel and Richard Deitz of the New York Federal Reserve in a blog posting.

South Africa's rand fell 1.7 percent against the dollar on Monday and was seen vulnerable to further weakness that could take it to this year's low at 8.4950.

South African stocks posted their biggest one-day drop in seven weeks on Monday, tumbling 2.5 percent as concerns about debt burdens in the United States and Europe sparked a sell-off in resources firms and others sensitive to global growth.

More than $1.2 billion is missing from MF Global's customer accounts, possibly more than twice as much as originally calculated. The amount of assets, likely stolen by the broker-dealer in a last-minute bid to survive, could continue to grow, some suggest.

Finance officials bit their nails and nervously watched the clock. There were 30 minutes left in a bond auction aimed at funding the deficit and there was not a single bid.

A worsening economy will hurt Ontario's chances of meeting already long-term plans to balance its budget as it prepares for a fiscal update on Wednesday.

According to a Wall Street analyst, the anticipated North American light crude oil surplus suggests a sustainable price discount of $6 - $8 per barrel versus similar quality waterborne barrels.

The top pre-market NASDAQ stock market gainers are: Global Education & Technology Group, Pharmasset, BSD Medical, LoopNet, and Celldex Therapeutics. The top pre-market NASDAQ stock market losers are: Netlist, Gilead Sciences, Melco Crown Entertainment, Central European Distribution and Infosys.

RBC Capital Markets said the completion of initial debt exchange and sale of additional non-strategic assets will strengthen the balance sheet of Bank of America Corp.

Prosensa announced the outcome of the Opposition Division of the European Patent Office (EPO) ruling on dystrophin exon 51 skipping molecule. Wedbush Securities said the EPO decision, pending any appeal, may effectively prevent AVI BioPharma from marketing its lead exon 51 skipping molecule, eteplirsen, for Duchenne Muscular Dystrophy in the European Union without a license

Worries about out-of-control government debt on both sides of the Atlantic swept across financial markets again on Monday, knocking stocks sharply lower and pushing up prices of bonds deemed to be safe havens.

Shares in Japan's Olympus Corp jumped more than 15 percent in early trade Monday on persistent speculation that the disgraced maker of cameras and endoscopes may avoid delisting despite the accounting scandal engulfing it.