GLOBAL MARKETS

Gold extends gains, equities drop on Europe debt fears

Gold bar
Gold strengthened further on Monday as falling equities and lingering worries about a debt crisis in Europe drew investors to the precious metal, which posted its the biggest quarterly gain this year, but a firm U.S. dollar could still cap gains.
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Shanghai's new financial district skyline is seen from the opposite side of Huang Pu river.

Chinese Private Equity Firms Set Sail Abroad

Flashed on the side of a building here in Shanghai's historic Bund district, an image shows a giant ship named Hony, setting sail from China, traveling past the Statue of Liberty, past Big Ben, and bringing home crates of golden coins.
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European Stocks Set for Worst Quarter Since 2008

European stock index futures fell Friday, putting shares there firmly on course to post their biggest quarterly decline since the months following the collapse of Lehman Brothers three years ago.
Traders work on the floor of the New York Stock Exchange

Major Markets in Liquidation, S&P 500 May Hit 1,010

Major markets around the world are in liquidation mode, meaning investors long risk-assets are still trying to sell out of their positions, Craig Ferguson, a currency hedge fund manager at Antipodean Capital Management in Melbourne, told Bloomberg TV.
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Zambia's New Govt Wants More of Foreign Miners' Revenue

New Zambian President Michael Sata fired his respected central bank governor on Thursday and his new mines minister floated plans to boost tax receipts from mining companies, rattling investors in Africa's biggest copper producer.
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iPhone 5 Release: Has AT&T’s Stock Bottomed at $27? - Stock Review

The speculated release of the iPhone 5 smartphone by Apple (AAPL) will likely juice the shares of AT&T's (T) by attracting hundreds of thousands of younger adult subscribers to AT&T's stable. Those extra subscribers should also help T improve its network quicker -- something the company needs to do.
A Yahoo! billboard is seen in New York's Time's Square

Yahoo: Breaking Up Is Easy To Do

The long-beleaguered search engine company Yahoo! Inc. would probably be better off selling off pieces of itself rather than submit to a takeover in whole, given that the separate segments of the firm probably have more value than the sum of the individual parts. However, any such potential transaction won’t happen overnight.
Canada a magnetic north for U.S. retailers

Canada a magnetic north for U.S. retailers

More U.S. retailers looking for fresh markets are turning to Canada, lured by their northern neighbor's resilient economy, strong currency and the familiarity with their brands.
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Zimbabwe Launching Probe of Foreign-Owned Miners

Zimbabwe will soon probe foreign-owned firms to establish their level of compliance with a law requiring them to sell at least a 51 percent shareholding in their Zimbabwean operations to locals, an official said on Tuesday.
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India's Commodity Exchanges: Will Politics Hinder Growth?

India's commodity exchanges are poised for steady growth over the next few years after annual turnover more than quintupled to $2.5 trillion since futures trading started in 2003, but political hurdles hinder more dramatic development.

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