GLOBAL MARKETS

Zimbabwe Still Talking with Foreign Miners

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Zimbabwe is in talks with mining firms that have requested more time to table their plans to transfer majority ownership in their local operations to black investors in the country, the state-run Herald newspaper said on Friday.
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Australia's Westfield eyes Toronto development

Australian mall developer Westfield Group is looking at a possible investment in a waterfront site in Toronto, Canada, the company said on Thursday, after recently announcing expansions plans in Europe and South America.
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EU Chamber: China market barriers grow for EU business

A decade after its World Trade Organisation accession, China has increased some discriminatory policies on foreign businesses, a European business lobby said on Thursday, casting doubt on official pledges to level the playing field.
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Zimbabwe Leaning on Foreign-Owned Mining Companies

Zimbabwe's government is threatening more than 50 foreign-owned mining companies with the loss of their licenses after they allegedly failed to submit acceptable indigenisation and empowerment plans.
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Venezuela to Produce 1.2 Metric Tons of Gold in '11

Venezuela's state gold miner Minerven expects to produce 1.2 tonnes of the precious metal this year, rising to 4.5 tonnes in 2012 as it takes a central role in the nationalization of the sector, state media said on Thursday.
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Gold Prices Fall as Stocks Rise

Gold fell hard Wednesday when some investors took profits from the yellow metal's recent runup in price and other investors abandoned the yellow metal for stocks.
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Exclusive: Facebook doubles first-half revenue: source

Facebook's revenue doubled to $1.6 billion in 2011's first half, a source with knowledge of its financials told Reuters, underscoring its appeal to advertisers while it grapples with intensifying competition from the likes of Google Inc.
Silver bullion

Silver Prices Clawing Their Way Back Up

Silver prices clawed their way back to near a breakeven point Wednesday after falling early in the day's session by 3.5 percent, a performance that easily outshined gold's movement in early afternoon trading.
Traders work on the floor of the New York Stock Exchange

U.S. Stock Index Futures Rise

Stock index futures pointed to a higher open on Wall Street on Wednesday, with futures for the S&P 500 up 1 percent, Dow Jones futures up 0.79 percent and Nasdaq 100 futures up 0.97 percent at 0900 GMT (5 a.m. ET).
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Silver Mining Companies Settle Mixed

Silver mining companies settled mixed Tuesday, while the price of the white metal itself gave up ground to fears that global economic activity may be slowing.
Gaddafi

Gaddafi Supporters Cross into Nigeria with Gold

Loyalists of ousted Libyan leader Muammar Gaddafi crossed into Niger late on Monday in a convoy of vehicles, carrying gold and cash, officials from Libya's interim ruling National Transitional Council (NTC) said on Tuesday.
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Kofax Plans for IPO in U.S.

Kofax Plc's management confirmed that the board is planning for an initial public offering (IPO) in the United States at some stage in the future with plans to maintain a dual listing between the United Kingdom and the U.S.
Traders work on the floor of the New York Stock Exchange

Stock Futures Signal Losses on Wall Street

Wall Street stock futures pointed to a lower open for equities on Tuesday on renewed fears the euro zone's sovereign debt crisis is worsening, with shares seen tracking a slump in European stocks on Monday when the U.S. market was closed.
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European Markets Stabilize after Monday's Plunge

European financial markets steadied Tuesday, with the euro jumping against the Swiss franc, after a sharp sell-off a day earlier due to fears for the euro zone's future and that of its banking sector.
A man scratches his head in front of an electronic board displaying falls in major market indices around the world, outside a brokerage in Tokyo

Asian Stocks Slide Again amid Euro Zone Worries

Asian shares fell and U.S. Treasury yields dropped to the lowest levels in at least 60 years on Tuesday on fears that Europe's sovereign debt troubles are worsening and could trigger a second full-blown banking crisis.
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Asian Markets Drop on European Debt Fears

Asian shares fell and the euro slipped Tuesday amid fears that Europe's sovereign debt troubles are worsening and could trigger a second full-blown banking crisis.
Nigeria's central bank governor Lamido Sule Lamido speaks at conference on banking reforms in Nigeria in Lagos

Nigeria to put 5-10 pct of FX reserves into yuan

Nigeria's central bank plans to diversify its $33 billion in foreign exchange reserves away from the dollar by switching a tenth of the stockpile into yuan, underlining the momentum behind China's drive to internationalise its currency.

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