NEWS

Yamana Gold's first-quarter revenue jumped 62 percent on higher gold prices and rising production, the company said on Monday, but its profit eased due to a huge foreign exchange gain in the year-before period.

Gold prices, which have rallied sharply in recent weeks on sovereign risk concerns, may be vulnerable to a sharp correction when the fear factor dies down.

U.S. agricultural processor Archer Daniels Midland Co posted higher third-quarter earnings on Tuesday amid improved oilseed processing and ethanol margins and rising demand for grains.

Avocet Mining Plc said its first-quarter gold production jumped 64 percent from the year earlier as the first contribution from its Inata mine in Burkina Faso outweighed lower output from South East Asia.

The euro slipped on Tuesday after Germany demanded painful new austerity measures from Greece in return for badly needed financial aid, with investors likely set to push high risk European sovereign bond yields up further.

China must tackle its property bubble for the sake of economic health and social stability, even if the market feels some short-term pain in the process, an official financial newspaper said on Thursday.

The U.S. Commerce Department on Wednesday delayed a decision on investigating whether China's currency practices are an illegal trade subsidy that justify imposing countervailing duties.

McDonald's Corp is muscling in on business from other fast-food chains and turning up the heat on coffee chain Starbucks Corp by expanding its lower-priced roster of competing drinks.

A Senate committee on Wednesday approved a bill aimed at reforming the derivatives market, moving the Senate one step closer to passing sweeping regulation over the $450 trillion derivatives market.

A U.S. senate committee will consider whether to drop a controversial idea to ban banks from the swaps market in a debate on derivative reform on Wednesday, as efforts to toughen regulation head into the home straight.

McDonald's Corp reported a better-than-expected quarterly profit as its coffee business boosted U.S. sales, and the hamburger chain said its global sales momentum was continuing into April.

McDonald's Corp reported quarterly profit on Wednesday that beat analysts' forecasts as its U.S. business picked up in March and global sales were keeping up their momentum in April.

Coca-Cola Co expects an improving economy to help North American results this year, but it may have less freedom to raise prices as it catches up to an overhaul by rival PepsiCo Inc .

The U.S. Commerce Department could decide this week whether to launch a groundbreaking investigation into charges China is subsidizing exports of an aluminum product by undervaluing its currency, a government official said on Monday.

The United States will take action if China does not begin to take steps in the coming months to raise the value of its currency, a top lawmaker in the U.S. House of Representatives warned on Monday.

The conditions are not ripe for China to unshackle the yuan from its 21-month-old peg to the dollar, a senior government economist said in comments published on Monday.

A U.S. business group on Wednesday said it welcomed China's plans to ease restrictions on foreign investment, in a sign that tensions over currency have not blocked progress on all other trade issues.

Treasury Secretary Timothy Geithner said on Tuesday the Obama administration will push China forcefully to open its markets and maintain fair trading rules.

U.S. Treasury Secretary Timothy Geithner said on Tuesday the Obama administration will push China forcefully to open its markets and maintain fair trading rules.

China will chart its own course in reforming the yuan, President Hu Jintao told President Barack Obama, reinforcing the view that Beijing is likely to tip-toe, not leap, toward appreciation.

Asian shares fell on Tuesday ahead of key earnings in the United States while the euro consolidated against the dollar but fell against the yen ahead of a treasury bill sale by Greece later in the day.

Alcoa Inc posted a narrower first-quarter loss on Monday on higher revenue from metal prices, meeting Wall Street estimates and sending its shares up after hours.

Alcoa Inc posted a narrower first-quarter loss on Monday on higher revenue from metal prices, meeting Wall Street estimates and sending its shares up after hours.

Airbus parent EADS has not decided whether to challenge Boeing for a deal worth up to $50 billion to sell air tankers to the United States but would not do so at a loss, its chief executive said on Monday.

Casey's General Stores rejected a hostile bid from Alimentation Couche-Tard on Friday, claiming the Canadian company was trying to buy U.S. firms on the cheap.

U.S. Treasury Secretary Timothy Geithner will hold talks in Beijing on Thursday against a background of fresh signals from Chinese policymakers that they might be paving the way to let the yuan resume its rise.

Agricultural seed giant Monsanto Co posted a lower-than-expected quarterly profit and warned that potent competition, primarily in its struggling Roundup herbicide business, would make it hard to meet its 2010 financial targets.

Monsanto Co reported a lower quarterly gain on Wednesday, with results falling below Wall Street expectations as the agricultural seed giant warned that competitive pressures would make it difficult to meet previously announced financial targets.

Monsanto Co reported results falling below Wall Street expectations on Wednesday as the agricultural seed company warned that competitive pressures would make it difficult to meet previously announced financial targets.