MARKETS / FINANCE

Uranium producer Paladin Energy said Monday it has drawn $127 million from a financing facility, to reimburse costs from the expansion at its Langer Heinrich project in Namibia.

A new property tax may pull Greece back from the brink of default by securing desperately needed EU/IMF cash but it also exposes the government's foot-dragging in curing chronic structural ills to exit its debt crisis.

Silver is set for a dramatic move higher, one that will even exceed the gains expected for gold, according to an asset manager for Dolefin, a Swiss investment advisers.

Growing fears of a Greek default sent a hurricane through heavily exposed French banks on Monday and hit the euro as investor confidence in the European currency area's ability to surmount a sovereign debt crisis ebbed.

Rochdale Securities' analyst Richard Bove said fears of a possible impact of a European debt crisis on U.S. banks were overblown, with only Citigroup and JP Morgan Chase having a significant exposure to the crisis.

Goldman Sachs and Morgan Stanley are each in talks to buy an Indonesian brokerage firm to expand their reach into the booming capital market of Southeast Asia's biggest economy, sources said.

Guinea's parliament adopted a new mining code that more than doubles the share the West African state can take in mining projects to 35% and toughens procedures for acquiring development permits, the government said on Saturday.

FriendFinder Networks Inc, the publisher of adult magazine Penthouse, said it will buy social commerce website JigoCity for up to $65 million in stock and warrants, to tap into fast-growing social networking markets like China and Asia-Pacific.

Prices for platinum and palladium, which are key metals used in making automobile catalytic converters, fell 1 percent Monday in U.S. futures trading as a strong dollar and profit-taking dragged down all precious metals.

U.S. stocks trimmed early losses to trade flat on Monday as European bank shares recovered and technology stocks regained their footing.

Silver, bronze, ebony and plastics are seeing greater use in jewelery as surging gold prices put off price-conscious consumers, jewelery makers at an international trade fair said.

(Editor's note: Language in last paragraph may be offensive to some readers)

Tony Romo chokes away another close game, Cam Newton ties a NFL record, the Colts miss Peyton Manning more than they ever could have known, the Ravens wallop on rival Steelers, and so much more in a wild Week 1.

The U.S. Federal Reserve has quizzed Capital One Financial Corp to know whether the proposed purchase of ING Groep NV's U.S. online banking business would create a too big to fail institution, the Wall Street Journal said.

Stocks indexes opened lower on Monday as fears of a credit rating downgrade of French banks and the lack of a solution to Greece's debt problem heightened concerns about the euro zone's debt crisis.

The New York Stock Exchange and NYSE Amex Cash Markets invoked Rule 48 on Monday, as fears of a credit rating downgrade of French banks and the lack of a solution to Greece's debt problem heightened concerns about the euro zone's debt crisis.

Societe Generale said it would cut costs and sell assets to free up 4 billion euros in fresh capital on Monday, although the surprise move failed to stem a sell-off in French bank shares, driven by fears of a Greek debt default.

U.S. stock index futures fell sharply on Monday as fears of a credit rating downgrade of French banks and the lack of a solution to Greece's debt problem heightened concerns about the euro zone's debt crisis.

World shares tumbled 2 percent on Monday with European equities down 3 percent for a more than 20 percent loss this year as investors worried Greece was edging closer to default.

Stock index futures fell sharply on Monday as fears of a credit rating downgrade of French banks and the lack of a solution to Greece's debt problem heightened concerns about the euro zone's debt crisis.

Gold fell further on Monday after posting its worst closing since June last week but bargain hunters could cushion the fall, while escalating worries about Europe's ability to resolve its debt crisis sent bullion priced in euro to a record high.

Withdrawals from hedge funds in September fell to their lowest level since before the credit crisis, as investors nervous over traditional 'safe havens' such as the Swiss franc and gold plumped for portfolios expected to make money in all seasons.

World shares tumbled nearly 2 percent on Monday with European equities at 26-month lows, down more than 20 percent this year, as investors worried Greece would default amid signs of rifts among euro zone policymakers.

The tablet, as per its official Web site, “offers unrivalled portability and matches it with the ultimate high performance, taking your mobile experience to the next level.”

HSBC Holdings Plc <0005.HK> has launched the sale of its non-life insurance business, sources told Reuters on Monday, a global division worth about $1 billion and now part of the bank's plan to strip away non-core units.

Gold in India extended losses on Monday afternoon, following similar trend overseas, although a weaker rupee kept the downside limited, dealers said.

Britain's banks face some of the world's toughest regulations under reforms outlined on Monday, which require them to insulate their retail lending activities and store up billions in extra capital at a cost of up to 7 billion pounds ($11 billion).

Stock futures pointed to sharp falls for equities on Monday after tumbling in the previous session following the resignation of a top official at the European Central Bank, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 down 1.6 to 1.9 percent.

Debt-laden Greece has cash to operate until next month, the country's deputy finance minister said on Monday, highlighting the country's need to qualify for the next tranche out of its ongoing EU/IMF bailout.