ECONOMY & MARKETS

Tanzanian Royalty Exploration (TNX.TO), a Toronto-listed metals explorer, on Tuesday signed a joint venture agreement with the Tanzanian government to develop a $280 million gold mine in the east African country.

Most of the job cuts will take place in Switzerland and the United States.

Israeli technology companies, once the darlings of New York's Nasdaq, have turned their backs on the exchange and are looking for suitors to acquire them.

The Reserve Bank of India (RBI) raised interest rates on Tuesday for the 13th and possibly final time in a tightening cycle that began in early 2010, on expectations that persistently high inflation will finally begin to ease starting in December.

The Bank of Canada held its key interest rate steady on Tuesday and dropped any mention of the need to raise rates, as the weak global economy forced it to cut sharply its growth and inflation projections.

The top pre-market NASDAQ Stock Market gainers are: Identive Group, Fortinet, Sequenom, JA Solar Holdings, and Wilshire Bancorp. The top pre-market NASDAQ Stock Market losers are: Netflix, Healthways, Interactive Intelligence Group, Human Genome Sciences, and TriQuint Semiconductor.

Stock index futures pointed to a mixed open on Wall Street on Tuesday, with futures for the S&P 500 up 0.2 percent, Dow Jones futures down 0.03 percent and Nasdaq 100 futures down 0.1 percent at 0925 GMT (5:25 a.m. EDT).

The top after-market NASDAQ stock market gainers are: Fortinet, Solta Medical, TD Ameritrade Holding, Cathay General Bancorp and Hologic, Inc. The top after-market NASDAQ stock market losers are: Netflix, Momenta Pharmaceuticals, Saba Software, Ultra Clean Holdings and Healthways.

Netflix Inc. (NASDAQ: NFLX) reported a loss of 800,000 subscribers as a result of a price hike in July, as well as its September attempt to split and re-brand its DVD-by-mail service as. This has led to a fourth quarter guidance that was substantially below Wall Street's expectations.

European shares steadied Tuesday as earnings news offset fresh political uncertainty a day ahead of the euro zone leaders' meeting that many hope will take a big step toward solving the region's two-year-old debt crisis.

The companies that are expected to see active trade on Tuesday are: Xerox, Western Union, DuPont, Netflix, United Parcel Service, United States Steel, 3M, AK Steel Holding, Texas Instruments, Amazon.com, Cummins and FMC Technologies Inc.

The top after market NYSE gainers on Monday were: Unisys, Hexcel, Ethan Allen Interiors, Omnicare and Charles Schwab. The top after market NYSE Losers were: ResMed, Aaron's, Inc, Masco Corp, Fortress Investment Group and STMicroelectronics.

The U.S. government announced Monday that it will revise the Home Affordable Refinance Program (HARP) which would allow underwater homeowners to refinance their mortgages. But will the HARP overhaul affect the housing market and the economy at a whole? Here are 5 things you need to know about HARP.

U.S. stocks jumped on Monday as investors remained optimistic about the upcoming Eurozone bailout and U.S. corporate earnings came in better than expected.

A third round of quantitative easing (QE3) is still on the table, said New York Federal Reserve President William Dudley.

The Ghana cedi continues to extend gains made late last week and could pursue the upward trend if the central bank and mining sector keep supplying the market with dollars, traders said.

The International Monetary Fund hailed the medium-term outlook for Ghana's oil-fueled economy as positive on Monday, but warned it would have to rein in public finances to keep the public deficit under control.

South Africa's rand turned positive against the dollar in volatile late Monday trade, gaining as much as 2.3 percent to a week's high in what some traders said was a retracement from oversold levels last week.

South African stocks closed at their highest level in nearly three months as demand for resources firms rose with hope that European Union leaders will agree on a solution to their region's debt woes later this week.

U.S. grain and soybean futures rose over 1 percent on Monday in a broad commodities rally as investors bet that European leaders would reach a deal to tackle a euro-zone debt crisis and took heart from an improved manufacturing indicator in China.

Brent crude oil rose above $110 a barrel on Monday after stronger Chinese manufacturing data suggested China's economy may not be in as much danger as feared, supporting fuel consumption and outweighing fears over weak European data.

Stocks rose on Monday adding to three weeks of gains for the S&P after strong earnings from Caterpillar and a number of proposed acquisitions boosted investor appetite for risky assets.

A leading housing regulator on Monday announced changes to a government refinancing program that could help up to one million homeowners whose homes are worth less than their mortgage.

The latest on the euro crisis of 2011 is that Eurozone leaders are “nearing agreement” on bank recapitalization and leveraging the bailout fund EFSF, reported Reuters.

With the majority of the banking industry by assets having reported third quarter results, FBR Capital Markets believes that some of the dire scenarios discussed may have hit bank valuations harder than underlying fundamentals indicate.

Stock futures pointed to a higher open for equities on Wall Street on Monday, building on sharp gains in the previous session, with futures for the S&P 500, Dow Jones and Nasdaq 100 up 0.4 to 0.5 percent.

The companies that are expected to see active trade on Monday are: Caterpillar, Amgen, Invesco, Texas Instruments, Netflix, Eaton, Kimberly Clark, Masco, VF and Zions Bancorporation.

EA DICE is just hours away from the official release of “Battlefield 3”.

World stocks put in solid gains on Monday as investors bet on a positive outcome to the euro zone crisis talks and took comfort from signs that China's economy may not be in as much danger as feared.