MARKETS / FINANCE

IBTimes Logo

Banro to Start Gold Production in Congo on Oct. 10

Canadian gold mining company Banro will start producing gold at its Democratic Republic of Congo mine on Oct. 10, ramping up output to 120,000 ounces per year by January, the company said on Wednesday.

AngloGold Ashanti to Invest $250M/Year in Brazil

IBTimes Logo
South African gold miner Anglogold Ashanti will invest $250 million each year through 2016 to raise its Brazilian output of the precious metal by two thirds, its chief executive said on Wednesday.

Thomson Reuters appoints COO, merges divisions

IBTimes Logo
Thomson Reuters Corp named Jim Smith to the position of chief operating officer, putting him into stronger contention as a possible successor to Chief Executive from Tom Glocer, who is under pressure to revamp the company's slow-growing Markets business.
More news
IBTimes Logo

Exclusive: More money flowing to targeted media

U.S. companies will spend nearly $200 billion this year on targeted media such as direct mail, text messages or product placement in video games to concentrate on narrow, valuable groups of consumers, a new study shows.
Zimbabwe's prime minister, Morgan Tsvangirai

Zimbabwe's PM Knocks Indigenisation Policy

Zimbabwe is hurting investor confidence and stalling recovery by promoting a law to force the transfer of foreign-owned firms to local ownership, Prime Minister Morgan Tsvangirai said on Wednesday.
IBTimes Logo

Deputy PM says he shares Greeks' property tax pain

A deputy prime minister sought to empathize with Greeks facing an unpopular property tax passed by parliament as part of austerity measures, saying on Wednesday he personally did not have the cash to pay and would have to sell real estate.
IBTimes Logo

Fed's Hoenig: Dollar to remain reserve currency

A top Federal Reserve official said in his last speech on Wednesday that the U.S. dollar won't lose its status atop world currencies, and took a parting shot at the central bank's ultra easy policies.
IBTimes Logo

Citi CEO says bank to adjust for slowdown: Dow

Citigroup Inc plans to fine-tune its business as economic growth shows signs of slowing, Chief Executive Vikram Pandit said in an interview with Dow Jones, signaling that the bank is considering cost cuts.
Gold Bullion and coins from the American Precious Metals Exchange (APMEX) is seen in this picture taken in New York

3 Things Holding Back a Recovery in Gold Prices

On Monday gold concluded its biggest three-day plunge in nearly 30 years, and prices struggled Wednesday under the weight of three factors -- the absence of which would sharply boost the chance of the yellow metal to resume its climb toward $2,000 per troy ounce.
IBTimes Logo

Exclusive: Study sees more money flowing to targeted media

U.S. companies will spend nearly $200 billion this year on targeted media such as direct mail, text messages or product placement in video games in a major push to concentrate on narrow, valuable groups of consumers, a new study shows.

Iran to Send Ships to U.S. Waters: A New Cold War?

Iran's navy will send ships into the Atlantic Ocean, state-run Islamic Republic News Agency reported Tuesday. The vessels will sail out of the Persian Gulf and toward the United States' East Coast as retaliation for American ships in the Persian Gulf.
IBTimes Logo

Wall Street flat after run-up

The S&P 500 and Nasdaq were little changed on Wednesday with investors cautious after a three-day rally and ahead of an audit of Greece's finances to decide whether the nation gets more aid to avoid bankruptcy.
IBTimes Logo

Carlos Slim's Minera Frisco Cutting Silver Hedges

Mexican miner Minera Frisco, owned by the world's richest man Carlos Slim, said on Tuesday it was cutting its silver and copper hedges for this year and next, citing a significant decline in metals prices.
IBTimes Logo

Mortgage applications rose last week: MBA

Applications for U.S. home mortgages rose last week, reflecting a jump in demand for home loan refinancing as mortgage rates dropped, an industry group said on Wednesday.
SEC football

SEC Expansion: What Schools will It Target?

Texas A&M is officially headed to the SEC in 2012 and despite commissioner Mike Slive's assertions the conference is content at 13 teams, it's only a matter of time before the SEC looks to round up its base to 14 or more.
AT&T and the iPhone 5

With iPhone 5 Release, is AT&T Headed to $35 and Beyond in 2012?

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.
IBTimes Logo

Greece to face inspectors, Merkel hints at bailout

EU and IMF inspectors will return to Greece on Thursday to decide whether Athens has done enough to secure a new batch of aid vital to avoid bankruptcy, while Germany suggested a new bailout may have to be renegotiated.
Gold block

5 Reasons Gold Prices Just Took a Big Dive

Gold prices fell in the last week more than 10 percent, their longest such plunge since 1983, in a plunge that left the metal's reputation as safe-haven investment bruised, or worse.
IBTimes Logo

Durable goods orders dip, but business spending up

New orders for long-lasting manufactured goods slipped in August on weak demand for motor vehicles, but a rebound in a gauge of business spending supported views the economy would likely avoid another recession.
IBTimes Logo

Stock futures gain on Europe optimism

Stock index futures rose on Wednesday, indicating stocks will climb for a fourth straight session as investors remained encouraged by progress toward plans to ease the euro zone's debt woes.
IBTimes Logo

Japanese Investors Stood Firm During Recent Slump

Japanese households stayed put in gold during the market turmoil this month, in sharp contrast to a selling rush when prices surged in August, reflecting gradually spreading recognition of gold as an investment asset.
Gold bullion bars

Gold Rises Ahead of New Greek Talks, U.S. Data

Gold rose on Wednesday, gaining from investor unease over the lack of a solution to the European debt crisis that dented other more industrial raw materials, such as crude oil and copper, ahead of further possibly weak U.S. data.
Amazon Tablet

Amazon Kindle Fire Tablet: 10 Things to Know

Wednesday's the big day for the tablet, when the Amazon Kindle Fire will be unveiled in New York. The highly-anticipated tablet is expected to be one of the to compete with the global-leading Apple iPad tablet. This will be the first viewing most tech journalist get of the new product, but by now there appear to be very few secrets. Here are 10 things to know about the Amazon Kindle Fire tablet:

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.