Platinum Supply Worldwide To Stay In Surplus In 2012: Report
Platinum supply worldwide is expected to remain in surplus this year, in what will be its eighth consecutive year in surplus, Thomson Reuters GFMS said Thursday.
Gold Prices Slip As Euro Weakens
Gold eased on Thursday, under pressure from a decline in the euro ahead of a rate decision from the European Central Bank, while concerns about Spain's ability to finance itself simmered after yields shot up at a debt auction.
Barrick Gold's 1Q Up 8%, Dividend Increased
Barrick Gold Corp., the world's largest gold mining company, said Wednesday its first-quarter profit rose 3 percent as a big jump in sales and a higher selling price offset rising costs and slightly less gold production.
Gold Prices Retreat Towards $1,660
Gold prices retreated towards $1,650 an ounce on Wednesday as the dollar strengthened against the euro, after a downbeat reading of euro zone manufacturing activity contrasted with stronger data from the United States.
Bank Of America Cutting 2,000 High-Wage Earners: Report
Bank of America Corp., the second-largest U.S. bank by assets, will dismiss about 2,000 employees, many of whom earn high salaries, in its investment banking, commercial banking and non-U.S. wealth-management units, according to the Wall Street Journal.
Gold Prices Climb To 2-Week High
Gold touched two-week highs on Tuesday, set for its longest stretch of daily gains in eight months, after a rally in the dollar fizzled out as investor concern escalated over the resilience of the U.S. and euro zone economies.
Chilean High Court Suspends OK For Goldcorp's El Morro Project
Goldcorp Inc, Canada's No. 2 gold miner, said environmental permit approval for its El Morro copper-gold project was suspended by the Supreme Court of Chile.
Coca-Cola In Talks To Buy $11.6B Monster Beverage
The Coca-Cola Co. (NYSE: KO) is in talks to buy energy drink maker Monster Beverage Corp. (Nasdaq: MNST), an $11.6 billion company whose shares rocketed more than 20 percent Monday, in what would be Coca-Cola's largest acquisition, the Wall Street Journal reported.
Gold Prices Slide Towards $1,650
Gold prices slid towards $1,650 an ounce on Monday, taking a breather after four straight days of gains, as upcoming elections in France and Greece and a European Central Bank meeting later this week pressured the euro versus the dollar.
European Economic, Financial Data Grow Threatening
Europe's chronic financial and economic troubles threaten to reach a critical level in May as warning signals emerge from the continent's core and its southern periphery.
Newmont Mining's 1Q Profit Slides, But Adjusted Income Up
Newmont Mining Corporation (NYSE: NEM) said Friday first-quarter profit fell 4.7 percent diminished gold production and higher costs offset higher selling prices.
Spain's, Italy's Borrowing Costs Near Crisis Level
Bond investors brought the governments of Spain and Italy to the brink of crisis Friday as the cost of borrowing rose to nearly unsustainable levels.
Canada's Iamgold Paying $585M For Trelawney Mining
Canadian miner Iamgold Corp said Friday it agreed to buy gold exploration company Trelawney Mining for about C$585 million in cash, in a move aimed at expanding its asset base within politically safe jurisdictions.
Gold Prices Slip Back As Euro Falls
Gold prices slipped back towards $1,650 an ounce on Friday as investors cashed in gains after a three-session rally, with confidence in the metal still soft as consumers in major Asian bullion-buying centres held off making fresh purchases.
Starbucks 2Q Rises But Sales Miss Street View, Shares Fall
Starbucks Corporation (Nasdaq: SBUX), the world's largest coffee shop chain, said Thursday its fiscal second-quarter profit jumped 18.5 percent on rising sales at stores open at least one year and higher efficiency.
Housing Lifts Stocks, Joblessness Hikes Bonds: Daily Markets Wrap
The bond market focused Thursday on weak economic data while equity investors responded to news that an unexpectedly high number of people sought first-time jobless benefits, leaving both types of securities higher.
SEC Launches Probe Of Chesapeake Energy-CEO Arrangement
The Securities and Exchange Commission launched a probe on Thursday of a program by Chesapeake Energy Corporation (NYSE: CHK) that let its founder and CEO get an ownership interest in any well drilled by the second-largest U.S. natural gas producer.
Gold Prices Rise Towards $1,650
Gold prices rose towards $1,650 an ounce on Thursday after the Federal Reserve opted to keep U.S. interest rates at rock bottom, taking further support from the foreign exchange market as the dollar languished against a basket of major currencies.
Good Earnings, Fed Outlook Lift Equities: Daily Markets Wrap
Strong first-quarter earnings and a slightly more positive view of the U.S. economy by the central bank offset disappointing durable goods numbers for March to boost equities and trim bonds.
UK Falls Into Double-Dip Recession
The United Kingdom, Europe's third-largest economy, fell into recession in the first quarter when its gross domestic product fell 0.2 percent, a contraction that followed the fourth-quarter's 0.3 percent decline.
Fitch Restores Ford's Investment Grade Rating
Ford Motor Co. (NYSE: F) won back its investment-grade credit rating Tuesday from Fitch Ratings on the automaker's significantly improved financial performance, balance sheet repair and product portfolio improvement.
Newcrest Mining Cuts Gold Production Forecast
Newcrest Mining, the world's No.3 gold miner, on Tuesday cut its production forecast for this year, saying its major projects had struggled to reach output targets.
Argentina Boosted Gold Reserves When Price Was High
Argentina added to its gold reserves for the first time in nearly six years in September 2011 as the price hit record highs, mirroring the trend among emerging central banks to diversify further from paper currencies such as the U.S. dollar.
Highland Gold Posts 15% Drop In Output
Russian gold miner Highland Gold posted a 15 percent drop in net profit to $104 million for 2011, hit by falling production and rising costs.
Gold Prices Rise, Then Hover Around $1,640
Gold prices steadied near $1,640 an ounce in Europe on Tuesday as a softer tone to the dollar arrested the previous session's slide, but traders largely stuck to the sidelines ahead of a key monetary policy meeting of the U.S. Federal Reserve.
Mergers, Acquisitions Proliferate Globally
Mergers and acquisitions are proliferating globally as low interest rates, large cash piles and depressed asset prices create opportunities for expanding market share and restructuring.
European, US Stocks Plunge On European Economic, Political Developments
European and U.S. equities fell hard Monday on concerns about the possibility that a Socialist could become France's head of state and reverse current austerity initiatives as well as downbeat European fiscal and economic data.
Banco Santander Moving Toward IPO Of Mexican Unit: Report
Banco Santander SA, Spain's biggest bank and the euro zone's largest bank by market value, is preparing to sell part of its rapidly-expanding Mexican operations via an initial public offering, the Wall Street Journal reported Monday.
Gold Prices Fall Below $1,630 On Euro Zone Worries
Gold prices slid below $1,630 an ounce on Monday as concerns that the euro zone debt crisis could ensnare higher-rated countries hurt the single currency, though moves were muted ahead of this week's Federal Reserve meeting.
Upbeat Economic Data, Strong US Corporate Earnings: Daily Markets Wrap
Upbeat economic reports from Britain and Germany combined with surprisingly strong first-quarter earnings reports in the U.S. to foster a risk-on sentiment that lifted stocks and commodities while weighing on safe-haven investments.
